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Gemini pockets Zcash as newest listing in New York – Daily News Roundup

May 16th 2018: In today’s news the Winklevoss twins’ Gemini succeeds in becoming New York’s first exchange to trade ZCash, Circle has a massive support from mega-companies in new fundraising round, and Civic announces a brand new ID verification method.

Written by Rebecca Leighton Published on

The Gemini twins are Z-Cashing it out in the Concrete Jungle

Gemini has become the first licensed exchange in New York to trade Zcash.

The cryptocurrency trading exchange founded by the Winklevoss twins has announced that the company will start allowing users to deposit Zcash into their accounts starting 19th May and trading will start three days later.

The exchange will be offering the trading of three new cryptocurrency pairings, namely ZEC/USD, ZEC/BTC, and ZEC/ETH.

The company’s vice president of engineering Eric Winer said that they have been working in partnership with the New York State Department of Financial Services and are excited “to obtain approval to offer Zcash trading and custody services to our customers as a New York trust company.

Circle comes all the way in the massive round of Series E funding

Circle announced that it has raised $110 million USD in a Series E fundraise.

This places the startup at an evaluation of nearly $3 billion USD, according to Circle representatives. The support comes from a wealth of investors such as Accel, Blockchain Capital, Digital Currency Group and Tusk Ventures.

With the funds that have been raised, the company is planning to unveil a “US dollar coin” through its Centre project, which will be regulated and supported by the fiat currency. This will see a boost for Circle’s products and services.

Jeremy Allaire, Circle’s CEO, has suggested that this round of funding from the mega-companies will help shape itself as a genuine union of cryptocurrency services.

“New phone, who dis” will no longer be a question on Civic’s new identification platform

The security-focused company has developed the first blockchain-based authentication method where both user parties choose to sign in. The platform will allegedly have no PII filled databases so advertisement tracking will not be a concern.

The company boasts that the new ID codes will be able to give users and investors a secure and independent way to verify different accounts, such as social media profiles or blog pages using a unique link and confirmed profile through the blockchain and this will also help avoid a creation of fraudulent accounts.

Start trading cryptocurrency with Coindirect.

Written by

Internet writer looking to find the right piece. Also presents things on radio and happens to be a chip off the old blockchain. @BeckyRLeighton

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