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Cryptocurrencies/Coins/Gemini Dollar (GUSD)
Gemini Dollar price, market cap on Coin360 heatmap

Gemini Dollar(GUSD)

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$0.996067
(-0.55%)
0.00004246 BTC
Market Cap (Rank#125)
$323,791,691
13,804 BTC
Vol 24h
$150,327
6.408648 BTC
Circulating Supply
325,070,105.11
Max Supply
?
62 days agocryptodaily
Three Arrows Capital Liquidated For Millions, Fails To Meet Margin Calls
A new report has revealed that venture firm Three Arrows Capital (3AC) has reportedly failed to meet margin calls from lenders. The developments have once again brought up the risk of insolvency following the brutal collapse of crypto markets earlier in the week. The report stated that crypto lender BlockFi was one of several companies that liquidated some of 3AC’s positions. Is Insolvency On The Cards? Well-placed sources have revealed in a report that Three Arrows Capital could potentially be facing insolvency after going through several liquidations. The sources revealed that the hedge fund’s liquidations totaled around $400 million, with the hedge fund’s founder Su Zhu tweeting that they are in touch with relevant parties. “Well-Placed Sources’ Say Three Arrows Capital Was Liquidated for at Least $400 Million, Hedge Fund Allegedly Maintains ‘Limited Contact With Its Counter-Parties.” There are growing fears that the hedge fund founded by Zhu and Kyle Davies back in 2012 could be on the verge of insolvency, stated the report. The sources also revealed that 3AC maintained only limited contact with counter-parties after the wave of liquidations. A Falling Portfolio Data from Dune Analytics has revealed that Three Arrows Capital’s current portfolio is around $372.47 million and has seen a change of nearly $139.12 million in the last 24 hours. The hedge fund’s portfolio is relatively diverse, consisting of tokens including AAVE, BAT, CEL, FTT, GUSD, LIDO, and LINK. Currently, $166 million is locked in USD coin (USDC), with the second-largest allocation held in serum (SRM), with the allocation standing at around $46 million. 3AC was also heavily invested in the Terra ecosystem and faced a significant loss of capital thanks to the collapse of the LUNA and UST. 3AC has so far not commented directly on the reports emerging about its possible insolvency, with founder Su Zhu making only a vague statement about the developments. He stated, “We are in the process of communicating with relevant parties and fully committed to working this out.” Su Zhu has not tweeted since the 7th of June, with the founder’s silence making investors jittery since Zhu has also not responded to any questions from them. Crypto’s Problems Continue To Mount The liquidations faced by Three Arrows Capital and its potential insolvency come at a time when the crypto space is already facing several issues. Developments around Celsius, Justin Sun’s Tron facing issues with its USDD stablecoin, and Microstrategy’s losses have made markets extremely jittery. Add to this the fact that the global economy is also facing a recession, with inflation wreaking havoc. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
142 days agocryptodaily
UK Treasury In Talks With Crypto Firms On Stablecoins, Set To Release New Crypto Rules
The UK's finance ministry is set to release new regulatory frameworks concerning cryptocurrencies and the use of blockchain technologies across its jurisdiction. Alongside this, government officials have been in talks with key crypto industry firms such as Gemini, a crypto exchange founded by the Winklevoss brothers. According to an initial report from CNBC, the country's Finance Minister, Rishi Sunak, is expected to announce the new frameworks in the coming weeks. "Treasury officials have shown a willingness to understand the complexities of the crypto market and so-called stablecoins, digital assets that derive their value from existing currencies like the U.S. dollar," claimed an industry insider with knowledge on the matter. Reports indicate that the new regulatory framework from the Treasury will be focused on stablecoins. Talks with crypto firms such as Gemini, which issues its own stablecoin, the Gemini dollar, and other key players in the stablecoin sector have begun. The new regulatory regime is also said to focus on anti-money laundering (AML) and countering-the-financing-of-terrorism (CFT) measures. The UK's financial watchdog, the Financial Conduct Authority (FCA), will reportedly play a role in these plans as well. The UK's move to regulate the cryptocurrency space comes as other jurisdictions have already begun to take action. The European Union (EU) is also mulling over new regulations concerning cryptocurrencies and blockchain technologies. Stablecoins are a type of cryptocurrency that are pegged to another asset, typically fiat currencies like the US dollar, to help reduce volatility. Stablecoins, hence, represent a more stable manner of exposure to cryptocurrencies as a payment vehicle. Stablecoins have become a popular choice for those looking to use cryptocurrencies for payments and other transactions due to their stability, and firms like Circle, Gemini, Tether, and Terra are among the leading figures in terms of stablecoins. The UK's Treasury has been increasingly active in the crypto space in recent months. This year, the department launched a consultation on the use of crypto and created several initiatives on central bank digital currencies (CBDCs) in the hopes of formulating a so-called digital Pound that would be an equivalent and parallel utility to the country's fiat currency. In a similar vein, the Bank of England (BoE) has laid out its proposal for the UK's regulatory framework for crypto assets, the first of its kind in the country. The BoE has since given banks until June 3rd this year to make crypto plans in place, as UK regulators also provide new capacities and regulations. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
340 days agocointelegraph
Trippy Bunny NFT donates 100% of mint proceeds to suicide prevention foundation
Cryptocurrency donations platform The Giving Block facilitated the contribution, which totaled nearly $221,000 in GUSD.
342 days agocryptodaily
Ergo Announces ERGOHACK II Following The Success of First Hackathon
Cryptocurrencies are gaining more and more traction around the world as viable alternatives to traditional money. The total market capitalization now sits at over 2 trillion dollars and it continues to grow at an incredible pace with new investors looking to join the market with the promise of these technological advancements. Many blockchain platforms offer secure and safe financial transactions. Cryptocurrencies provide a decentralized finance (DeFi) future and an alternative to economic models that have continually limited the way citizens control their money. Among the numerous DeFi projects and cryptocurrencies in development, Ergo has emerged as a blockchain committed to empowering the average person while tackling socio-economic issues. Ergo is a Proof-of-Work blockchain that was launched without any pre-mine or Initial Coin Offering (ICO). Ergo’s Proof-of-Work consensus algorithm allows people equal access to the mining protocol and rewards. The mining protocol is ASIC resistant and even allows people using personal computers with a single GPU to mine ERG. Ergo is built on the rock-solid foundations of a decade of blockchain research, and it includes advanced cryptographic features and radically new DeFi functionality. Ergo is the culmination of years of experience by the core developer team. Ergo Ecosystem There are many dApps (decentralized applications) available in the Ergo Ecosystem with the blockchain set to launch its highly anticipated decentralized exchange (DEX), ErgoDEX. ErgoDEX will provide shared liquidity between AMM and Order Book liquidity pools, high functionality with order buy-back and partial filling, and cross-chain interoperability on both the Ergo and Cardano blockchains. Additional Ergo dApps include the Ergo Auction House, ErgoMixer, Ergo NFT's, Ergo Utils, Oracle Pools, SigmaUSD, and Zero-Knowledge Treasury. Ergo on Top Exchanges Ergo’s native token ERG has been showing a very healthy upward trend since the beginning of this calendar year, having risen over 2000%. Users can buy, sell, and trade ERG via top exchanges such as KuCoin, Bitcoin.com Exchange, Gate.io, BiKi and HotBit. In addition to these listings, ERG is also available in TradeOgre, VITE, CoinEx, Probit, Consbit, Swop.fi, TIDEX, and Waves DEX. ERGOHACK II — Working Towards Mass Adoption of Blockchain Technology Ergo conducted a hackathon event last June where developer teams proposed projects aimed at creating new tools and dApps for the Ergo Ecosystem. Some of the project ideas included developing tools for data notarisation and NIPoPoWs, as well as a non-custodial pseudo-ETF platform for users to pool their assets in an investment portfolio on the Ergo blockchain. The proposals from the first Ergohack were a huge success with many of these projects now set for implementation within the Ergo Ecosystem. As a result, the Ergo team is looking to continue building on the momentum of the first hackathon and has announced a call for applications for ERGOHACK II. This event will take place from October 8 - 10, 2021 and invites participants to explore the theme of social transformation. ERGOHACK II is open to teams of 2-5 people who are passionate about developing projects that deal with social transformation and the mass adoption of blockchain technology. Proposed projects from ERGOHACK II will get a chance to be deployed in the Ergo ecosystem. Participants will get the opportunity to work closely with Ergo’s development team and all projects will be up for consideration for several prizes. The prize money is worth 9k SigUSD and there is an additional award where a participant will get a job interview to work for the Ergo team. The deadline for ERGOHACK II registration is September 15, 2021 and interested participants can apply here. Ergo’s Tech Team Ergo’s technical team has extensive experience in the development of cryptocurrencies and blockchain frameworks with one of Ergo's co-founders being a core developer at NXT. Both co-founders (Alexander Chepurnoy and Dmitry Meshkov) are alumni of IOHK and have previously worked on Scorex, Waves and smartcontract.com (now Chainlink). Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

About Gemini Dollar

The live price of Gemini Dollar (GUSD) today is 0.996067 USD, and with the current circulating supply of Gemini Dollar at 325,070,105.11 GUSD, its market capitalization stands at 323,791,691 USD. In the last 24 hours GUSD price has moved -0.000756 USD or -0.00% while 217,016 USD worth of GUSD has been traded on various exchanges. The current valuation of GUSD puts it at #125 in cryptocurrency rankings based on market capitalization.

Learn more about the Gemini Dollar blockchain network and how it works or follow the price of its native cryptocurrency GUSD and the broader market with our unique COIN360 cryptocurrency heatmap.

Gemini Dollar Price0.996067 USD
Market Rank#125
Market Cap323,791,691 USD
24h Volume150,327 USD
Circulating Supply325,070,105.11 GUSD
Max SupplyNo Data
Yesterday's Market Cap331,608,060 USD
Yesterday's Open / Close0.999491 USD / 0.998735 USD
Yesterday's High / Low1.0061 USD / 0.994708 USD
Yesterday's Change
0.00% ( 0.000756 USD )
Yesterday's Volume217,016.47 USD
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