U.S. crypto exchange Gemini has partnered with technology giant Samsung Electronics for wallet integration. The partnership means U.S. and Canadian customers can use the Samsung Blockchain Wallet in conjunction with Gemini's mobile application, a statement provided to Cointelegraph said. The first U.S. crypto partnership The partnership is reportedly the first of its kind. "Gemini is the first U.S. crypto exchange and custodian to partner with Samsung," the statement said. Cointelegraph reached out to Samsung to confirm details of the partnership, but did not receive a response as of press time. This article will be updated as necessary, pending a response. …

Investor, early crypto adopter, and CEO of Gemini exchange, Tyler Winklevoss, predicted that competition between stablecoins will really begin once Wall Street moves into decentralized finance, or DeFi, during a recent interview with The Defiant’s Camila Russo. However, despite his optimistic outlook for DeFi, the Gemini co-founder asserted that the crypto industry currently does not offer a killer app that is driving adoption from outside of the virtual currency community. Inter-stablecoin competition hasn’t even began In an interview with The Defiant, Tyler Winklevoss predicted that the real race between stablecoins will not take form until Wall Street takes an interest …

As the largest among the United States’ “Big Four” banks, JPMorgan Chase comes across as an unlikely ally to digital asset service providers seeking to break through the glass ceiling still separating traditional and crypto finance. When the news broke on May 12 that the bank has been serving U.S.-based crypto exchanges Coinbase and Gemini since April, some digital finance experts saw it as a sign that the relationship may finally be thawing. Despite JPM’s CEO Jamie Dimon consistently disparaging cryptocurrencies’ aptitude as a financial instrument, the institution has not been dismissive of blockchain technology, most notably developing proprietary DLT-based …

“We're finally recognizing that crypto is just another opportunity in our financial future, rather than seeing it as a kind of misfit or unacceptable type of industry,” says Catherine Coley, CEO of Binance.US. In an interview with Cointelegraph, Coley responded to news that JPMorgan Chase — the United States’ largest bank — had taken on cryptocurrency exchanges Coinbase and Gemini as customers. “I take it as a very positive signal. We've seen specialist banks before being established to specifically support crypto, because traditional banks were not taking crypto businesses seriously,” Coley said. This, she noted, led to the growth of …

JPMorgan Chase, the United States’ largest bank, has reportedly taken on U.S. cryptocurrency exchanges Coinbase and Gemini as customers. A report from the Wall Street Journal on May 12 cited unnamed sources apparently familiar with the matter, who highlighted that the move is the first time the banking giant has served clients from the crypto industry. Both exchange accounts were reportedly accepted in April, with transactions now starting to be processed, sources told the WSJ. JPMorgan Chase is not processing Bitcoin (BTC) or other cryptocurrency transactions on behalf of the exchanges but is providing cash-management services and handling dollar transactions …

Renowned photographer and filmmaker, Lyle Owerko, is selling his digital artwork on Nifty Gateway — a blockchain platform backed by the Gemini crypto exchange. Owerko, whose patrons include Madonna and Jay-Z, is auctioning works that are part of his Boombox Project. The limited-edition virtual artworks being sold feature illustrations of Boomboxes in various colors at prices ranging from $20 to $2,500. The sale page reads: “In Lyle's marketplace, you will find some of Lyle Owerko’s trademark pieces. He has been working on The Boombox Project since 2005. Works from The Boombox Project are collected by the biggest names in the …

The Winklevoss brothers' Gemini cryptocurrency custodian and exchange has obtained a new security qualification, SOC 1 Type 1. According to an April 21 blog post by the company’s head of risk, Yusuf Hussain, Gemini became the world’s first digital currency custodian and exchange that was granted a Service Organization Control (SOC) 1 Type 1 certification. The examination was carried out by Big Four accounting firm Deloitte. Meeting high security standards Passing an SOC 1 review means that Gemini’s financial operations and customer reporting controls comply with requirements set by the American Institute of Certified Public Accountants. Basically, the examination proved …

On April 9, Canadian asset manager 3iQ announced that its efforts to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange had finally come to fruition after three years of continued legal disputes. As a result of this move, 3iQ has become the first firm to release such an offering commercially on the exchange. Currently trading under the name, “The Bitcoin Fund,” the offering has around 1.5 million Class A “QBTC.U” shares available on the Toronto Stock Exchange, or TSX. At press time, each share is trading for around $12. The price indexes being used by the …

The Gemini cryptocurrency exchange and trading platform is adding support for three more tokens on April 24. Gemini announced the addition of trading pairs featuring Dai (DAI), Chainlink (LINK), and Orchid (OXT) in a blog post on April 9. The new additions will bring the total number of tradable tokens on Gemini's platform up to nine. Additions based on markets and consumption models Gemini has chosen these tokens in particular for their proven markets and novel consumption models, which suggest the demand will continue to grow as the ecosystem evolves. Dai is the collateral-backed stablecoin of the Maker Protocol’s decentralized …

Brave, the open-source pay-to-surf browser, will soon have more options for trading its signature token. In April 6 blog post on the Gemini website, the platform announced they would soon support trading for Brave’s Basic Attention Token (BAT). Users will be able to deposit BAT into their Gemini accounts starting on April 24th at 9:30 AM EST, with trading to begin “soon thereafter”: “BAT is the sixth digital asset available for trading on the Gemini platform, joining bitcoin, ether, bitcoin cash, litecoin, and Zcash. We will be offering USD, BTC, and ETH trading pairs for BAT on both our continuous …

While Singapore recently adopted specific cryptocurrency legislation — the Payment Services Act (PSA) — in January 2020, it turns out that some crypto firms like Ripple, Coinbase and Binance have been exempt from the law since the beginning of the year. The Monetary Authority of Singapore (MAS), the country’s central bank and major financial regulatory authority, exempted a number of major payment services from holding a financial license under the PSA. According to a statement released on March 24, the listed companies are allowed to continue to provide specific payment services without holding a PSA license for a limited period …

Nifty, a USD-based exchange for non-fungible tokens (NFTs), announced the completion of its ‘Nifty Gateway 2.0’ revamp on March 17. The platform, which was purchased by the Winklevoss twins’ crypto firm Gemini in November 2019, describes itself as the first US dollar-based centralized exchange for NFTs. The platform allows U.S. users to withdraw fiat currency, and plans to support fiat withdrawal for international users “as soon as possible.” All other services are currently available to international users. Nifty to take cautious approach to new NFT listings While users are able to list NFTs on the Nifty marketplace, the platform states …