Gemini fails: ETH auction attracts no investors

First ETH/USD Gemini exchange's auction is dissapointing 
31 July 2017   738

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.

Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
22 February 2018   68

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.