Facebook has begun talking to U.S. regulators about getting approval for its forthcoming stablecoin cryptocurrency, said to be referred to as “GlobalCoin” at Facebook.
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Gemini announces crypto wallet usable at Whole Foods and Baskin Robbins; eBay teases acceptance
Consensus 2019 brings news of using crypto at the cash register
Now you’ll be able to spend your whole crypto wallet at Whole Foods, and soon you may be able to bid on CryptoKitties at eBay. Growing adoption of cryptocurrency payments by mainstream companies was the big theme that emerged on the first day of Coindesk’s Consensus 2019 conference in New York on May 13. The Winklevoss twins’ Gemini announced that major retailers—ranging from Whole Foods to Nordstrom’s—were accepting crypto payments. Meanwhile, online marketplace eBay teased it may soon take virtual currencies with ads and a show sponsorship.
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Winklevoss twins launching Gemini Cryptobus campaign in New York CIty, January 2019. (Photo by Gemini Twitter)Winklevoss twins hit the streets to take on Coinbase and Robinhood for retail customers
Gemini launches Bitcoin giveaway to battle two giants
In a surprise announcement over the weekend, Tyler Winklevoss, co-founder & CEO of crypto exchange Gemini, tweeted, “Let’s play a game: Spot the @Gemini Crypto Bus. Reply to this tweet with your pics and #CryptoBus, best one wins 1 bitcoin (BTC). Right now they are in San Francisco, Chicago, and Washington D.C. Happy hunting!”
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New York State Supreme Court building in Lower Manhattan showing the words "The True Administration of Justice" on its facade (via Shutterstock).NY Attorney General accuses Bitfinex of using Tether’s reserves to hide $850 million loss
Already under a cloud, Tether/Bitfinex’s woes mount
Controversial cryptocurrency exchange Bitfinex is alleged to have tapped into reserves of the stablecoin issued by sister company Tether to cover up $851 million in losses last year, New York Attorney General Letitia James charged on Thursday.