Gemini fails: ETH auction attracts no investors

First ETH/USD Gemini exchange's auction is dissapointing 
31 July 2017   1758

Gemini exchange's first Ether event in fact draws no investors' interest.


Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

Despite the fact that these are very troubled times for Ethereum as a whole, Gemini exchange has decided to experiment with ETH/USD auctions. These allow institutional investors to purchase large amounts of cryptocurrency with U.S. dollars.


Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

The first auction took place last night and attracted very little interest. As reported, only 90 Ethers were sold during the auction. The first Bitcoin auction, in comparison, raised over US$1 million. 

Reddit users, as ever, do not remain silent. According to some of them, the auction volume will not pick up anytime soon.

Ethereum is shit mate, why are you so surprised over this?

Reddit user

By such statement the user tries to argue that with prices falling, there is no reason to buy Ethereum right now until the markets stabilize.

However, this is just the very beginning and whether or not the Ethereum auctions will be successful remains to be seen.

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   88

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.