Обязательно сольют, цена достигла 0,107$, ожидаемо опустилась на дневную коррекцию. Нет никакого новостного фона чтобы поддержать сегодняшний рост. Во всяком случае я ничего стоящего не нашел. В то время как другие молодые ICO просели в 2 раза, ждать стабильно высокого курса Debitum рановато.

The “2018 Economic Report for the President” has recently been published with a whole chapter dedicated to cryptocurrencies like bitcoin, ethereum, and the future of blockchain regulation.


Every year the U.S. Congress publishes an economic report that discusses a variety of subjects that affect the economy such as technology, opioid abuse, employment rates, and the stock market. This year’s “2018 Economic Report” features a whole chapter focused on bitcoin, initial coin offerings (ICOs), and blockchain technology. Chapter nine is called, “Building a secure future, one blockchain at a time.” The congressional study takes note that last year cryptocurrencies had entered a mainstream awareness phase.      

“Blockchain technology — providing cybersecurity and many other potential benefits—broke into the mainstream in 2017 driven by widespread interest and surging valuations in digital currencies such as bitcoin and ethereum,” explains the report.

   "These new innovations and markets presented America’s regulatory and legislative institutions with unique challenges as well as technology that could revolutionize the world’s digital landscape and economy."

https://news.bitcoin.com/us-economic-report-dedicates-a-whole-chapter-on-cryptocurrencies/

President Donald Trump’s new economic adviser has his sights set on lowering the capital gains tax rate, a move that would prove to be a huge boon to cryptocurrency investors.

Earlier this week, Trump announced that he had tapped Larry Kudlow to become the new White House economic adviser, filling a post left vacant by outgoing adviser Gary Cohn.

Kudlow, a former Bear Stearns economist and CNBC contributor, said during a lengthy interview with his former network that he wants to implement “phase two” of the White House’s tax overhaul, a reform package that he says should include a lower capital gains rate.

A lower capital gains rate would likely be welcomed by cryptocurrency investors and traders because the US Internal Revenue Service (IRS) classifies cryptocurrencies as “property” for tax purposes.

Whenever a US resident disposes of his or her cryptocurrency holdings — whether by selling it or using it to purchase the proverbial cup of coffee — he or she is supposed to make a record of the transaction and report to the IRS any gains or losses realized at the time of disposal.

Net profits are taxed as capital gains, rates for which vary both on the income level of the individual as well as how long he or she held the investment.

Short-term gains — which include investments held for less than a year — are taxed at the same rate as the filer’s ordinary income, while long-term investments receive a more favorable tax treatment.

The highest rate for long-term capital gains is 20 percent, which applies to filers who fall into the top 39.6 percent tax bracket for ordinary income. Certain high-income individuals may also be subject to a 3.8 percent surtax.

Previously, trading between cryptocurrencies was likely not a taxable event, since it was considered a “like-kind” exchange (The IRS has not given definitive guidance on this, but this is the position that many tax analysts have taken).

However, due to a provision in last year’s tax overhaul, these like-kind exchanges trigger taxable events for all transactions that occur after Jan. 1, 2018.

This could prove hazardous for many cryptocurrency traders, particularly those that deal in high-volatility small cap coins. An investor or trader could realize a taxable event when exchanging Bitcoin for an altcoin, for example, and he would still face that tax liability even if the altcoin stake later becomes worthless.

Lowering the capital gains rate would mitigate that risk — at least somewhat — and it would also provide long-term hodlers with the ability to take money off the table without having to put quite so much of it in Uncle Sam’s coffer.

https://www.ccn.com/trumps-new-economic-adviser-hints-at-policy-that-eases-tax-burden-on-crypto-investors/

Я вот думаю, отчего так цена токена стабильно держиться выше уровня ICO во время кровавого рынка, может потому что команда из Швейцарии, в понимании инвесторов это может быть связано с банками, деньгами, от этого такой большой кредит доверия. То, что они регулярно добавляют данные на ГитХаб просто отлично, в сфере IT нет более явного показателя активной работы.

Lightning Network Goes Live with $2.5M Funding from Twitter CEO, Tesla & SpeceX investor

The first official beta implementation of the Lightning Network (LN) went live March 15 as developer Lightning Labs announced it had won $2.5 million in funding from some big-name investors.


The Lightning Network Daemon (styled ‘lnd’), which enables easy access to LN for developers, represents the first mainnet beta release for the technology, which is tipped to revolutionize Bitcoin’s use as a currency.

“This release is also the first release of lnd that has an option to run on Bitcoin’s mainnet, with the necessary safety, security, and fault-tolerance features required for real-world, real money usage,” Lightning Labs wrote in an accompanying blog post.

The release marks the latest milestone for LN, which continues to see broad increases in adoption and technical progress.

Earlier this week, Bitcoinist reported on how the protocol had grown to over 1000 nodes and almost 2000 channels – growth achieved almost solely in 2018.


With backing from computer giant Microsoft as well as some of the Bitcoin industry’s best-known names, it was with little surprise that Lightning Labs also revealed participants in its new funding round included Twitter CEO, Jack Dorsey,  Tesla and SpaceX angel investor Bill Lee, Robinhood co-founder Vlad Tenev, and Litecoin creator Charlie Lee, with lnd likewise supporting Litecoin.

Lee had signaled his enthusiasm for LN publicly, releasing a dedicated post of his own about its future in January.

Other figures from cryptocurrency, including Blockstream CSO Samson Mow, continue their bullish take on Lightning, Mow this week likening it to a bar tab in a Bitcoin pub on social media.

The technology has not advanced without criticism, however. Bitcoin Core developer Peter Todd voiced concerns over hasty uptake of the protocol before security questions had been resolved this month, arguing the potential for users to lose money made a fast rollout irresponsible.

Andreas Antonopoulos and Bitcoin.org creator Cobra have similarly raised doubts since the start of the year.

http://bitcoinist.com/lightning-network-beta-release-live/

Several organizations, including most recently the Electronic Frontier Foundation (EFF), have misleadingly listed both Bitcoin (BTC) and Bitcoin Cash (BCH) under one payment option, “Bitcoin”. The EFF, an international non-profit digital rights group that had already had BTC as a donation payment option, tweeted yesterday, March 13, that they are now accepting donations in BCH, but their website shows a lack of understanding about the difference between BTC and BCH.

Since the Bitcoin Cash announcement, the EFF’s donation page shows three payment options, Credit Card, PayPal, and, laconically, “Bitcoin”. Selecting the “Bitcoin” option takes users to the following screen, which allows you to donate in either BTC or BCH, even while the heading of the page is “Pay with Bitcoin”.

Just last week Microsoft also added BCH to their already existing BTC payment option, and makes the same misleading categorization of both as “Bitcoin”.

The anonymity-centric Tor browser also includes a “Bitcoin” donation option that confusingly gives the option of paying in both BTC and BCH:

A previous mix-up over BTC and BCH by Overstock.com in early January led to customers being able to pay with both cryptocurrencies interchangeably, accidentally giving a huge potential discount to anyone paying in BCH at the time. This option of paying in either BTC or BCH at a 1:1 ratio for any item was reportedly active on the site for around three weeks.

At press time Bitcoin is trading at an average of $8,130, down almost 12 percent on the day. Bitcoin Cash is trading at an average of $931, down almost 13 percent on the day to press time.

https://cointelegraph.com/news/electronic-frontier-foundation-adds-bch-payment-option-lists-under-bitcoin

New survey among financial professionals in Britain shows that more than half of those who have invested in cryptocurrencies, plan to buy more coins this year. Despite recent market volatility, only 8 percent of the interviewed intend to sell their cryptos. The majority of the investors expect crypto valuations to rise over the next 12 months.  

British financial services professionals and retail investors are mostly optimistic about the near future of cryptocurrencies and are looking to increase their exposure. 54 percent of them expect their prices to rise over a 12-month period. Only 32 percent anticipate a decrease, according to a new survey, released by Citigate Dewe Rogerson.

The study also found that 56 percent of those interviewed intend to acquire more digital money. Another 31 percent plan to retain or sell some of their crypto holdings, and only 8 percent will get rid of all their coins. 146 people in the UK have participated in the online survey, conducted by the Consumer Intelligence unit of the communications company. 104 of them still owned cryptocurrencies, when they were questioned at the end of February.

The authors of the “Investor Perception: Cryptocurrencies” report say that 32% of the experts anticipate a dramatic increase in the prices of cryptos by 2021. Another 18 percent predict a slight rise. At the same time, those who believe valuations will fall are just 28 percent.

“Many cryptocurrencies have seen a huge increase in valuations, but also exceptional levels of volatility”, said Phil Anderson, Executive Director at Citigate Dewe Rogerson. “Cryptocurrency millionaires have been created, but many other investors have lost money. Despite the significant levels of volatility and price fluctuations, our research reveals many financial professionals remain optimistic about the future for cryptocurrencies”, he added.

Anderson also noted that at the beginning of the year, the market capitalization for cryptocurrencies was around $800 billion. “Over half of the financial professionals (59 percent) expect it to be over $1 trillion by 2021, while 15 percent anticipate it to be more than $2 trillion”, he said, quoted by Verdict. Only 19 percent of the respondents think the market will shrink and that the market cap will be below $800 billion.

More info - https://news.bitcoin.com/financial-professionals-bet-rising-cryptos-uk-report/

Баунтистам награду уже выплатили, хотя тянули больше месяца. Жаль что я только сейчас заметил ваш вопрос, наверное уже поздно отвечать, но в таких случаях пишите в официальную телеграмм групу сразу. Русскоязычные темы никто не читает, из людей принимающих решение о начислении долей.

This year the World Blockchain Forum, a two-day conference held in Dubai, will host an abundance of innovation that gives a glimpse towards the future of finance. The next-generation internet technology is set to transform the nation of Dubai as it aims to be the first blockchain-focused country by the year 2020.


On April 16-17 at the World Blockchain Forum (WBF) in Dubai, many individuals and businesses will gather in the Gulf region to discuss blockchain and cryptocurrency solutions. Dubai hopes to be a leader within the blockchain realm worldwide, and by 2020 it will attempt to be the first blockchain powered government. This year the event will host an array of initial coin offering (ICO) pitches for those interested in the tokenized economy and revolutionary crowdfunding model.

WBF will have a vast amount of speakers from Dubai and all over the world. This includes the Director of the Cybercrime Department and Criminal Investigation Dept. at Dubai Police headquarters, Col. Saeed M. Alhajri, and the CEO of Strategic Affairs at Department of Economic Development, Mohammed Shael Al Saadi, the Dubai Future Foundation’s Dr. Noah Raford, Netki’s Dawn Newton, the co-founder of Bitoasis Ola Oudin, Vanessa Grellet from Consensys, Binary Financial’s Harry Yeh, and many more special guests.

More info - https://news.bitcoin.com/this-april-the-world-blockchain-forum-returns-to-dubai/

Digital payments company Square is in the process of applying for a BitLicense in a bid to expand its Cash App's bitcoin buying option to New York.

A spokesperson for Square confirmed the process following a tweet on Tuesday that suggested the company was "working on" opening up bitcoin buys and sells to users in that area. The company didn't immediately respond to a follow-up question about whether Square had already submitted an application or if it is preparing to do so.

To date, only a handful of companies have been granted a BitLicense, the regulatory framework first instituted in 2015. The controversial launch ultimately led to a number of companies opting to stop offering services in the state, though recent comments from state lawmakers indicate that the BitLicense may see some revisions in order to alleviate some of those concerns.

Additionally, the Cash App is now available to users in Wyoming, following the passage of legislation in the state that eases the burden on companies that provide cryptocurrency services. Previously, crypto startups had largely stayed away from the state, but this month's move to exempt those companies from Wyoming's money transmission statutes effectively cleared the runway for such launches.

The payments app had previously rolled out bitcoin features for most American users in January, excluding customers in four states with stricter regulations, including Wyoming and New York.

https://www.coindesk.com/cash-app-bitcoin-wyoming-bitlicense/

Сейчас валиться все, даже проекты у которых по дорожной карте выполнена куча работы, их капитализация упала в разы. Что уж говорить о Restart Energy, у которых весь прогресс пока только в перспективе. На криптовалютном рынке нет ничего стабильного, волатильность в две стороны, и это надо обязательно учитывать. Я вот так иногда грешу, включая по глупости режим HOLD там где не нужно.

One could not accuse a team for the low Pillar prices. They're just doing what they can to move on. They are participating in Blockchain conferences: Amsterdam, Vilnius, actively hiring new staff members/developers. It`s just bearish times on a market, that has to be go through. It is one of the few fully transparent projects in blockchain business, and at this time it`s an excellent buying opportunity.

The European Commission has confirmed that it is paying attention to concerns about rising electricity consumption for cryptocurrency mining in the European Union, according to European Commissioner Mariya Gabriel, who oversees digital economy and society.

According to a notice on the European Parliament website, Gabriel addressed the issue in response to a question posed to the parliament.


The Commission, Gabriel noted, is aware of the concerns on growing electricity consumption for cryptocurrencies and blockchain technology in general.

The issue is especially critical for bitcoin, for which mining is concentrated in China. While two-thirds of all mining takes place in China, according to some estimates, some amount of mining takes place in other places.

There is currently no legal basis to prevent or limit energy consumed within the EU, the statement noted. But given that electrical consumption is an economic activity, it is subject to EU rules that apply to energy efficiency, the power sector and greenhouse gas emissions. Greenhouse gas emissions in the power sector are covered by the EU emission trading system.

The cryptocurrency mining business model is based on delivering a high valuation of cryptocurrencies, the statement noted. The increasing electricity consumption and cost is likely to modify the value of and demand for cryptocurrencies.

More info - https://www.ccn.com/european-commission-watching-energy-consumption-for-crypto-mining/

Over the past 24 hours, the cryptocurrency market has sustained strong momentum, moving closer to the $400 billion region. Led by bitcoin, many major cryptocurrencies have recorded large gains since March 11.

Bitcoin, the most dominant cryptocurrency in the market, has recorded a gain of over 14 percent since yesterday, rising from $8,400 to $9,800. On both cryptocurrency-only exchanges like Binance and cryptocurrency-to-fiat exchanges like Bitfinex, bitcoin demonstrated strong volumes, despite its struggles last week, amidst the Mt. Gox bitcoin sell off.


The rise in the price of bitcoin and the momentum it has started to build over the past few days are likely triggered by optimistic developments within the cryptocurrency industry, and a prolonged recovery from the long-lasting correction since January.

Major businesses in South Korea including the country’s largest hotel booking platform Yeogi Eottae and leading e-commerce platform WeMakePrice have began integrating cryptocurrencies in collaboration with Bithumb, the biggest cryptocurrency trading platform in South Korea.

While it may require several months for the two influential businesses to start accepting cryptocurrencies, Bithumb spokesperson stated that the integration of cryptocurrencies by the two companies will lead to other major businesses in the country accepting cryptocurrencies in the near future.

Already, Kakao, the largest internet conglomerate in South Korea that operates KakaoTalk, KakaoPay, KakaoTaxi, KakaoStory, Dunamoo (UpBit), and many other subsidiaries that remain in dominant control over their respective industries and markets, have initiated the integration process of cryptocurrencies.

As CCN reported, the integration of cryptocurrencies by Kakao will allow 12,000 merchants using KakaoPay to accept cryptocurrencies with ease, millions of users on KakaoTaxi, KakaoPay, and potentially KakaoTalk, to send and receive cryptocurrencies, and tens of millions of consumers to utilize cryptocurrencies as a payment method.

Previously, Starbucks chairman Howard Schultz stated that in order for cryptocurrencies to “survive,” retailers will need to adopt them as a means of payment. Schultz said:

“I personally believe that there is going to be a one or a few legitimate trusted digital currencies off of the blockchain technology. And that legitimacy and trust in terms of its consumer application will have to be legitimized by a brand and a brick and mortar environment, where the consumer has trust and confidence in the company that is providing the transaction.”

The adoption of cryptocurrencies by businesses in South Korea and Japan could lead to massive adoption, especially for major cryptocurrencies like bitcoin and Ethereum.


The long-term growth of bitcoin, Ethereum, and other cryptocurrencies is optimistic, given the progress markets like South Korea and Japan have shown in recent months.

In the short-term, analysts remain divided on the trend of bitcoin and the market. Some argue that the price of bitcoin could spike to $12,000 and initiate a strong rally towards its previous levels, while other investors argue that bitcoin would require more time to recover fully from its correction.

But, it is evident that the market is leading towards bitcoin in a highly volatile period like this, as newcomers enter the market.

https://www.ccn.com/cryptocurrency-market-moves-closer-400-billion-bitcoin-surges-14/

Those voice solutions represents perfect use cases for Datawallet API. Honestly, i thought Datawallet is one of highly secure cryptocurrency wallet, like Pillar, but this is a different solution - Data-Exchange Ecosystem, with huge amounts of real business applications.

Asia Business, an influential finance-focused media outlet in South Korea, has reported that Kakao, one of the two largest internet companies that operate KakaoTalk, KakaoPay, KakaoStory, KakaoTaxi, and a subsidiary company which runs major cryptocurrency exchange UpBit, will integrate cryptocurrency within 2018.


An exclusive coverage released by Asia Business revealed that Kakao’s fintech application KakaoPay, which registered 3 million users within its debut month, will integrate cryptocurrencies into its local application to allow users to send and receive cryptocurrencies. Kakao is also planning to launch its own cryptocurrency, similar to the model of Binance’s Binance Coin, within this year.

Once KakaoPay integrates cryptocurrencies like bitcoin and Ethereum, all the other Kakao apps would become  compatible with cryptocurrency payments. If Kakao pursues its plan to integrate cryptocurrencies into KakaoPay by the end of 2018, millions of KakaoTaxi, KakaoTalk, and other Kakao applications will soon be able to utilize cryptocurrencies.

Last year, Dunamoo, a subsidiary company of Kakao, launched UpBit, the first cryptocurrency-only exchange in South Korea. Within a few months, UpBit became one of the top five cryptocurrency exchanges in the market. Dunamoo’s launch of UpBit is considered by analysts as the first move Kakao made to enter the cryptocurrency market.

The massive success of UpBit and the rising demand for cryptocurrency from local investors likely led Kakao to focus on addressing the market, given that other companies like Bithumb have already secured large partnerships with the country’s largest e-commerce platforms and retailers in WeMakePrice and Yeogi Eottae to integrate cryptocurrencies into their existing payment infrastructures.

Kakao’s market penetration in South Korea exceeds the 90 percent mark, in all three areas: messaging, taxi service, and fintech. KakaoPay is the most dominant fintech application in the local market, and it is used by many millennials as an alternative to the South Korean banking system, as KakaoPay offers loans and provides virtual bank accounts, apart from settling both small and large transactions.

The integration of cryptocurrency by Kakao will immediately expose bitcoin, Ethereum and other cryptocurrencies to tens of millions of people that utilize Kakao on a daily basis. Kakao’s dominance in the South Korean market has come to a point in which devices like smartphones come with Kakao applications installed.


As CCN reported, South Korea’s largest hotel booking platform Yeogi Eottae has already secured a partnership with the country’s biggest cryptocurrency exchange Bithumb to integrate cryptocurrencies.

Bithumb has started to supply cryptocurrency kiosks to many restaurants, cafes, and food franchises in South Korea, to increase the adoption of cryptocurrency and provide a better way for South Koreans to spend cryptocurrencies casually, on a daily basis, without technical issues.

With Japan’s leading retailers like Bic Camera, airline Peach, hotel chain Capsule, and electric grid operator Bitpoint integrating cryptocurrencies, the decision of major South Korean businesses to adopt cryptocurrencies will likely lead to a surge in growth in the Asian cryptocurrency market in the mid-term.

https://www.ccn.com/south-koreas-kakao-integrate-cryptocurrency-12000-merchants-millions-users/

More than 400,000 personal computers have been attacked in a large-scale attempt to distribute cryptocurrency mining malware. The hackers used sophisticated trojans to infect PCs mostly in Russia, but also in Turkey, Ukraine, and other countries. The coordinated assault lasted more than 12 hours.


The complex malicious software has been trying to overcome antivirus defenses for more than 12 hours on March 6. According to Microsoft, the majority of the attacked computers, 73%, were located in Russia, followed by Turkey with 18% and Ukraine – 4%. Other countries have also been affected.

“Windows Defender blocked more than 80,000 instances of several sophisticated trojans that exhibited advanced cross-process injection techniques, persistence mechanisms, and evasion methods”, the research team developing Microsoft’s AV software announced. More than 400,000 users have been targeted, Bleeping Computer reports.

The behavior-based and cloud-powered machine learning models included in Windows Defender detected the trojan attack in its early stage, the researchers said. The threat was identified by the antivirus program, which started blocking further attempts within minutes.

According to the Windows Defender team, the Dofoil malware used in the attack tried to penetrate the explorer.exe process of the operating system and inject malicious code. Then, another explorer.exe was supposed to download and run the cryptocurrency miner masked as a legitimate Windows binary – wuauclt.exe. The antivirus software was able to detect these attempts, as the process was running from a different location on the hard drive.

More info - https://news.bitcoin.com/hackers-target-400000-computers-with-mining-malware/

Russia’s plan to regulate cryptocurrencies and initial coin offerings lead to the first draft of the federal law “On Digital Financial Assets”.

According to translated documents, the law stated:

      This federal law regulates the relations arising in the creation, issuance, storage and circulation of digital financial assets, as well as the exercise of rights and performance of obligations under smart contracts.

The draft also described cryptocurrencies, tokens and mining, as well as legalizing the act of mining. In a meeting held by the Ministry of Economic Development on Feb. 27, members have now proposed additions to the draft.

According to Russian news outlet Vedomosti, members requested that transactional profits, as well as personal income, from cryptocurrencies should not be taxed. Furthermore, investment limit in ICOs should be increased from 50,000 to 500,000 rubles. Russian token holders should be allowed to invest in other tokens and participate in foreign exchanges. Lastly, members also proposed dropping the restrictions posed on non-residents for participating in ICOs.

Officials from the Ministry of Communications, Ministry of Justice, Central Bank of Russia, Federal Antimonopoly Service (FAS), Sberbank of Russia, MTS, Skolkovo Foundation, Gazprombank, Qiwi, and other companies were present at the gathering. However, representatives from the Ministry of Finance were absent since they are not a part of the “working group”.

The new proposal cuts down on the stricter rules favored by the Deputy Finance Minister Alexei Moiseev. He said, “Introducing tax exemptions is expedient, but the idea to increase the limit for individual investments in ICOs is debatable and we can discuss it.”

Even Russia’s presidential candidate, Boris Titov, believes that the original draft is inflexible, “The Finance Ministry’s proposals present a much tougher regulation than in Japan, Switzerland, Belarus, Armenia. That is, in all countries that have adopted some form of legislation. It would be better not to adopt anything than to adopt such legislation.”

Amidst Russian Orthodox Bishop Hilarion’s controversial views on cryptocurrency and President Vladimir Putin emphasizing blockchain’s importance in the country, Russia plans to finalize cryptocurrency legislation by Jul. 1, 2018. However, the central bank is still hesitant on allowing cryptocurrency trading as explained by the chairman of State Duma Committee for Financial Markets, Anatoly Aksakov, “The central bank is against the legalization of this type of digital currency, since in this case, citizens can start actively investing in crypto-tools, not taking into account possible risks.”

https://www.ccn.com/russia-considering-relaxed-rules-cryptocurrency-adopters/

A burst of the cryptocurrency bubble is unlikely because the industry is too immature and the big money isn’t there as institutional investors sit on the sidelines because of the regulatory uncertainty, ex-Commodity Futures Trading Commission Chair and current cryptocurrency developers, miners and exchanges adviser Jim Newsome said today.

Newsome and former SEC Commissioner Paul Atkins were to have presented a report on best practices for cryptocurrency token issuers and purchasers today at the Digital Chamber of Commerce’s annual meeting, but Newsome said the completion has been delayed for two weeks because the project is more complex than originally contemplated.

Newsome said Securities and Exchange Commission Chair Jay Clayton is probably taking a hard line on cryptocurrency because he is getting word from the White House and the Treasury Department.

Newsome warned there is global competition among regulators to oversee cryptocurrency and the U.S. agencies have to be careful they don’t run behind the rest of the world in innovation.

The SEC is taking a harder line on investor protection for cryptocurrency products than the CFTC and probably won’t approve a cryptocurrency Exchange Traded Fund (ETF) this year, NASDAQ Index Research and Product Development Head Dave Gedeon told the conference.

Congress will give the financial regulatory agencies additional authority to regulate cryptocurrency products ex CFTC Commissioner, now DTCC Global Policy Chief Mark Wetjen predicted.

DTCC processes trillions of dollars in securities transactions each day.

CME Group’s Bitcoin futures trading has averaged 1.500 contracts a day with about $80 million in notional value since they were introduced December 18, CME Chief Commercial Officer Julie Winkler said at the session.

She said the futures contracts are doing well for Bitcoin price discovery and risk transfer.

    “That’s about what we expected,” said the futures exchange executive.

https://www.forbes.com/sites/tedknutson/2018/03/08/cryptocurrency-bubble-burst-unlikely-says-ex-cftc-chair-now-crypto-industry-adviser/#789dbdc25797

I think Gemini is a true cryptocurrency exchange. It`s a lot older than new one`s, like Kucoin or Binance; Geminini provides service from 2015. In 2016 Gemini became the world's first licensed ether exchange. Maybe most of average traders may never heard about it, because it can charge larger fees for their service, but this proposal may be quite acceptable for institutional investors. Big whales, long term players may pay much more money for the safety of their assets. Just think about it, have you ever heard about funds stolen from Gemini? I'm not.