Looking at the past 7-days of winners and losers might give one the impression that cryptocurrency markets are net positive. Still, total market capitalization actually fell by 6.7% to $2.72 trillion as Bitcoin's (BTC) price retraced 8.3% to $58,425. The only connection between this week's top gainers seems to be the Metaverse and gaming sector, which has been on a bull run since Facebook rebranded to Meta on Oct. 28, signaling its new focus on that segment. Further bullish news backing the current surge in Metaverse-related tokens is Gemini exchange raising $400 million on Nov. 19 to build a decentralized …

With a reputation for being one of the most pro-crypto nations in the world, it comes as no surprise that a vast majority of Singaporeans have invested in cryptocurrency. According to a recent survey from the 2021 Independent Reserve Cryptocurrency Index, 66% of those polled between the ages of 26 to 45 said they owned cryptocurrencies. Coinhako, a Singapore-based crypto exchange, reported a 700% increase in the number of users trading on its platform during the first half of 2021. The platform reported seeing “a greater appetite for crypto from millennials” based on its active customer base, which mainly consists …

Pop icon Mariah Carey is the latest celebrity to embrace Bitcoin (BTC) through the Winklevoss-led Gemini cryptocurrency exchange, offering another sign that digital assets are becoming mainstream. In a video message to her 10.2 million Instagram followers, Carey announced Tuesday that she is partnering with Gemini to boost Bitcoin adoption and support girls of color in their pursuit of STEM degrees — a broad education category that refers to science, technology, engineering and mathematics. In the video, Carey confirmed that she invests in Bitcoin through Gemini. She also gave her fans a referral code to redeem $20 in free BTC. …

Bitcoin billionaires Tim Draper and the Winklevoss twins have backed a startup dubbed “Colossal” that is aiming to resurrect woolly mammoths as part of the effort to fight climate change. The “de-extinction”-focused bioscience firm closed a $15-million funding round on Monday that was led by Legendary Pictures founder Thomas Tull. The round also included participation from Peter Diamandis of Bold Capital, Jim Breyer of Breyer Capital, and Tony Robbins, a famous “self-help guru” with a net worth of around $500 million. Colossal was founded by Harvard genetics professor George Church and entrepreneur Ben Lamm. The firm’s landmark de-extinction project will …

Gemini exchange co-founder Cameron Winklevoss has stated that the company expects to overtake the current largest crypto exchange by volume, Binance, predicting its emphasis on compliance will win out as regulators increasingly crack down on unregulated exchanges. As reported by Bloomberg on Monday, Cameron Winklevoss emphasized the importance of adhering to regulators’ demands, stating that Gemini is “playing the long game:" “We’re trying to be the fastest tortoise in the race. The long game pays off over time.” The comments come as Binance faces increasing regulatory pressure, with the United Kingdom’s Financial Conduct Authority telling Binance that it wasn’t authorized …

Gemini, a major cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is responding to Bitcoin’s (BTC) environmental issue by purchasing carbon credits. On Thursday, the company announced its long-term initiative to incorporate climate-conscious measures into its business, launching a collaboration with Climate Vault, a nonprofit founded at the University of Chicago. Through the initiative, Gemini plans to purchase carbon credits for nearly 350,000 metric tons of carbon to offset non-renewable energy consumed by Bitcoin miners and help decarbonize Bitcoin on the Bitcoin network. According to the announcement, the partnership will have Gemini purchase carbon permits directly from government-related cap-and-trade markets …

New York-based non-profit, Charity: water, has received more than $1 million in BTC donations to its Bitcoin Water Trust within three weeks of the trust's launch. The Bitcoin Water Trust was announced during the 2021 Bitcoin conference in Miami. The initiative attracted attention for its “HODL MODL” treasury management strategy — with the non-profit accepting donations in Bitcoin that it will not touch until 2025. According to the charity’s website, a total of 32.5949 BTC has been donated so far, which equates to more than $1.3 million at current prices. The charity is hoping to leverage the hypothetical gains Bitcoin …

As the price of Bitcoin (BTC) dove to prices not seen since February, site traffic on major crypto exchanges and websites have surged, seemingly causing outages, intermittent access and slower loading times. Earlier on Wednesday, users of Coinbase and Binance experienced delays in Ether (ETH) and ERC-20 token withdrawals “due to congestion on the Ethereum network,” according to the status pages of both major cryptocurrency exchanges. Purportedly for the same reason, Coinbase users still have only intermittent access to the website and mobile app while crypto analytics site CoinMarketCap and crypto exchange Kraken both briefly went down, leaving crypto users …

Major United States-based cryptocurrency exchange Gemini has experienced two service disruptions on Monday and is now reporting degraded performance in its mobile app, web interface and application programming interface. According to an update on the Gemini status page, the crypto exchange began investigating reports of potential service disruptions at 13:24 EST on Monday. Though the exchange said it had restored all of its services only minutes later, Gemini reported another service disruption a few hours later, saying its systems were “experiencing degraded performance” due to an undetermined cause. At the time of publication, deposits and withdrawals of all tokens supported …

A Las Vegas casino-resort which aims to open for business next month has just partnered with major cryptocurrency exchange Gemini. In an announcement today, Resorts World Las Vegas said it would be allowing customers to use their Gemini wallets “to enhance the integrated resort experience.” President Scott Sibella said the move was part of an effort to integrate “innovative technology conveniences” across the resort. Gemini co-founder and CEO Tyler Winklevoss hinted that patrons would be able to convert fiat into crypto at the resort, meaning that some may have the ability to win at a casino game, then invest those …

New York cryptocurrency exchange Gemini announced on Tuesday the pending release of the Gemini Credit Card, which will allow cardholders to receive cashback rewards in the form of Bitcoin (BTC) or any other cryptocurrency available on the Gemini platform. The credit card will be released in conjunction with Mastercard and will be issued by online banking institution WebBank. It is expected to be released this coming summer and has reportedly received over 140,000 sign-ups from waiting customers already, according to the company’s press release. Gemini joins major cryptocurrency exchanges like Binance and Coinbase in launching a crypto credit card. The …

Major American cryptocurrency exchange Gemini now lets its users purchase cryptocurrencies like Bitcoin (BTC) with Apple Pay and Google Pay. According to a Thursday announcement, Gemini users can now connect their debit cards to Apple Pay or Google Pay for buying crypto with fiat on the platform. The firm noted that user funds will be available to withdraw one hour after a purchase was made. The new feature is available for over 30 cryptocurrencies supported on Gemini, including major coins like BTC, Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), as well as Ethereum-based tokens like AAVE and Maker's MKR. …