Tyler and Cameron Winklevoss, the founders of the Gemini cryptocurrency exchange, have obtained six stablecoin-related patents, according to filings with the United States Patent and Trademark Office. Three of the patents — the first, second and the fifth on the list — all describe systems for changing the supply of a public blockchain-based stablecoin. The first patent describes how trusted third parties such as exchanges or banks can generate the asset, also on-demand. Stablecoins as a part of traditional finance Two of the patents — the third and sixth on the list — describe a system for creating a stablecoin …
Gemini, the cryptocurrency exchange and custody founded by the Winklevoss twins, has hired cybersecurity expert David Damato as its new chief security officer (CSO). Damato was previously the CSO of cybersecurity firm Tanium. Tyler Winklevoss announced the new hire in an official blog post on Aug. 19. According to the blog, Damato previously created and led a cybersecurity team at Tanium that provided security services to government agencies, Fortune 500 firms and numerous banks. In the announcement, Tyler Winklevoss emphasized that Gemini has always had a security-first mentality, citing its SOC2 Type I examination — a type of audit — …
U.S.-based cryptocurrency exchange Gemini, owned by the Winklevoss twins, has sealed regulatory approval to add Litecoin (LTC) custody and trading. The news comes from an official Medium blog post published Friday, Oct. 12. Gemini’s vice president of engineering, Eric Winer, informs Gemini traders that they can begin depositing Litecoin into their exchange accounts as of 9:30 am EDT Saturday, Oct. 13. Litecoin trading will reportedly go live Tuesday, October 16th at 9:30 am EDT. The coin is set to be the fourth crypto supported on the platform, alongside Bitcoin (BTC), Ethereum (ETH), and Zcash (ZEC). Consequently, LTC trading pairs will …
Cryptocurrency exchange and custodian Gemini Trust Company, LLC (Gemini) has secured insurance coverage for custodied digital assets from lending services firm Aon, according to a press release published Oct. 3. Founded in 2014 in New York by Tyler and Cameron Winklevoss, Gemini is now the 50th largest digital currency exchange by 24 hour adjusted trade volume, according to data from CoinMarketCap. Per the press release, Gemini’s digital insurance coverage will complement the already available Federal Deposit Insurance Corporation (FDIC)-insured U.S. dollar deposits. Yusuf Hussain, Gemini’s Head of Risk, said: “Consumers are looking for the same levels of insured protection they’re …
Cryptocurrency exchange Gemini Trust Company, LLC (Gemini) has announced that former Chief Information Officer of the New York Stock Exchange (NYSE) Robert Cornish has joined the company, according to a press release published July 6. Cornish will join Gemini, which was founded by the Winklevoss brothers, as its first-ever Chief Technology Officer. Cornish has previously held various senior positions at the International Securities Exchange, and was named by Institutional Investor as a “Trading Technology Top 40” Financial Services executive. At Gemini, Cornish will be responsible for leading technology initiatives and monitoring the deployment of Nasdaq’s SMARTS Market Surveillance technology, which …