Day: September 11, 2018

Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain

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Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U.S. dollar.   New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD). It also gave a nod to Paxos Trust, the company behind the over-the-counter (OTC) exchange itBit, to issue Paxos Standard (PAX). Both coins launched on September 10, 2018.   Since Tether (USDT), the most recognized of…

Paris Saint-Germain Soccer Club to Launch Fan Token

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French soccer club Paris Saint-Germain (PSG) is partnering with blockchain platform Socios.com to launch a token ecosystem, according to a press release shared with Cointelegraph September 11. PSG plays in the highest tier of France’s soccer league and has been hailed as the country’s “most popular” team. Socios describes itself as a digitized, tokenized form of the “Socios” crowd-management concept of Real Madrid & FC Barcelona — “socios” means member or associate in Spanish. The platform is powered by a sports blockchain venture dubbed chiliZ, which has the backing of…

Litecoin, Stellar Lumens, EOS, Tron, Monero Price Analysis

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On average, last week’s losses were in excess of 15 percent. Coins as EOS and Monero for example did register 23 percent dips while further losses in Tron would most likely trigger a price collapse towards the coin’s ATLs. Simply put, most of these coins are testing key support lines and are literally at a ledge even when coin specific fundamentals are positive. Let’s have a look at these charts: EOS Price Analysis EOS Daily Chart by Trading View Week over week, EOS is down 23 percent. As a result…