Gemini news-Page 6
64% of US adults are interested in crypto, new survey shows
Nearly two-thirds of adults in the United States are interested in learning more about cryptocurrencies like Bitcoin (BTC) or holding them soon, according to a new survey. Gemini, a crypto trading platform owned by Tyler and Cameron Winklevoss, released a new State of U.S. Crypto Report, providing insights about consumer trends in the crypto market in the U.S. The data was collected from a national survey of 3,000 U.S. adults aged 18 to 65 with $40,000 or more in household income. The report points to a significant expansion and diversification of the nation’s crypto investors over the course of 2021. …
Adoption / April 21, 2021
Gemini exchange’s crypto custody doubled since January, reaching $25B
The Tyler and Cameron Winklevoss-owned Gemini exchange announced a major milestone on Tuesday, as total cryptocurrency held in custody surpassed $25 billion for the first time. In charting its impressive growth, Gemini touted growing participation from institutional investors over the past year. Gemini Custody’s assets have more than doubled since the start of 2021. “Our custodial services are used by some of the worlds largest asset managers including BlockFi, Blockchange CoinList, CI Global Asset Management, DAiM, BTG Pactual, Caruso, Eaglebrook Advisors, and WealthSimple,” the company said in a statement. The outspoken Tyler Winklevoss tweeted about the milestone on Tuesday: .@Gemini …
Business / April 20, 2021
Buy more Bitcoin, analyst tells institutions as $257M in BTC leaves Gemini
Institutions should start buying Bitcoin (BTC) again, leading analyst PlanB has said as one exchange sees a fresh $250-million withdrawal. In a tweet on Tuesday, PlanB argued that conditions were now right for buyers to continue accumulating BTC with confidence. PlanB: “Probably time” for Q2 buying BTC/USD had seen a lack of momentum over the weekend, culminating in a dive to near $56,000. With resistance near all-time highs of $61,700 now at its lowest since the time that level was first reached, it may now pay to be bullish. In addition, multiple on-chain indicators suggest that sellers are exhausted. This …
Bitcoin / April 6, 2021
BTG Pactual’s new Bitcoin fund teams up with Gemini for custody
Gemini, the U.S.-based crypto exchange and custodian founded by Tyler and Cameron Winklevoss, has announced it will provide custody services for the forthcoming Bitcoin fund from Brazil’s top investment bank, BTG Pactual. An April 5 announcement indicates Gemini’s subsidiaries, Gemini Custody and Gemini Fund Solutions, will provide customized services for the fund. The post also notes a philosophical alignment between the two firms. Approved last month, BTG Pactual’s Bitcoin 20 Multi-Market Investment Fund became the first fund launched by a Brazilian investment bank that offers exposure to Bitcoin (BTC) when it went live on Monday. The fund invests 20% of …
Bitcoin / April 6, 2021
Gemini crypto exchange sponsoring the Oxford-Cambridge boat race
Tyler and Cameron Winklevoss, co-founders of the Gemini cryptocurrency exchange and former Olympian rowers, will be sponsoring the 2021 Oxford-Cambridge Boat Race. In an announcement from Gemini on Tuesday, the Winklevoss twins said the crypto exchange would be the principal sponsor of this year’s boat race between Oxford University and Cambridge University — an event going back to 1829. In addition, Gemini will be funding a 75,000 euro ($89,256) scholarship for “young people with limited access to rowing.” Both brothers rowed at Harvard University for four years while majoring in economics, later competing at the 2007 Pan American Games and …
Business / March 9, 2021
Gemini launches ETF and fund manager-focused custody, clearing, and trade service
Being your own bank isn’t for everyone — and that includes companies and fund managers looking to issue cryptocurrency investment vehicles. Cryptocurrency exchange and custodial services provider Gemini announced today the launch of a new service tailored specifically towards funds and ETFs: Gemini Fund Solutions. The new service will offer “custody, clearing, trade execution, and other capital markets” facilities, as well as “provide education around the crypto marketplace” and act “as a centralized hub for crypto liquidity providers,” according to the announcement. The company currently provides custodial services for fund issuers Purpose Investments, whose Bitcoin ETF cracked $100 million in …
Etf / March 4, 2021
Gemini launches crypto education platform featuring ‘Expert Network’
Gemini, a leading U.S. cryptocurrency exchange, has launched a free educational resource to broaden the public’s understanding of digital assets. Cameron Winklevoss, Gemini’s president, unveiled Cryptopedia on Thursday. He described the new platform as a “free resource that provides open-access, high-quality crypto education to the world.” The platform currently includes categories devoted to cryptocurrencies, security, trading and investing, and DeFi. Cryptopedia was also designed for subject matter experts to share their knowledge about digital assets. The platform’s “Expert Network” includes founders and thought leaders from some of the industry’s biggest projects, including Brave CEO Brendan Eich, Aave CEO Stani Kulechov, …
Business / Feb. 18, 2021
Winklevoss’ Gemini crypto exchange launches ‘Earn’ offering
Gemini cryptocurrency exchange has launched an interest-earning program for customers in the United States. Dubbed Gemini Earn, the program lets customers earn up to 7.4% annual interest on all cryptocurrencies supported by Gemini, the firm announced Tuesday. The platform supports 26 cryptos like Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC) and others. The program is immediately available for select Gemini customers, while a full-scale rollout is scheduled for early February. Gemini chief operating officer Noah Perlman told Cointelegraph that interest rates for each cryptocurrency are based on supply and demand in the market for borrowing that …
Bitcoin / Feb. 2, 2021
Winklevoss’ Gemini pushes presence in Asia, supports Singapore dollar
Gemini, a cryptocurrency exchange founded by the Winklevoss brothers, continues to strengthen its global presence by tapping into the Singaporean market. On Monday, Gemini announced a roll-out of several new features for its platform in Singapore, including support for the Singapore dollar on mobile and desktop. According to the announcement, Gemini customers in Singapore can now use a debit card to buy crypto with Singapore dollars as well as use electronic funds transfer service FAST to make deposits on Gemini. In a move to support the development of local decentralized finance, Gemini now also allows Singaporeans to trade major DeFi …
Business / Jan. 26, 2021
The race is on yet again for crypto ETFs as Valkyrie files registration
In a move that may give seasoned investors flashbacks to 2018, Valkyrie Digital Assets is the latest asset management firm to file a registration with the SEC to form a Bitcoin ETF — a bid that joins a crowded field of prospective fund managers looking to capitalize on renewed retail interest in cryptocurrencies. Filed on Friday, the Texas-based family investment fund proposed listing the Valkyrie Bitcoin Trust on the New York Stock Exchange. The application did not include a possible trading ticker. If history is any indication, however, the filing’s chances of leading to a tradable fund are slim. During …
Etf / Jan. 23, 2021
Rick and Morty crypto art sells for $150,000 on Gemini-owned platform
A crypto art piece by Justin Roiland, co-creator of the famous animated series Rick and Morty, has sold for a handsome price on non-fungible token marketplace Nifty Gateway. Dubbed “The First Ever Edition Of Rick And Morty Cryptoart,” the tokenized artwork was sold at silent auction for $150,000. Nifty Gateway announced the news on Twitter on Jan. 19. SILENT AUCTION RESULT "First Rick and Morty Crypto Art" by @JustinRoiland WINNING BID: $150,000 1. blanK Congrats to the winner and to @JustinRoiland! Last 2 silent auctions have 5 minutes remaining. pic.twitter.com/M7k7PzlIRp — Nifty Gateway (@niftygateway) January 20, 2021 The newly sold …
Artists / Jan. 20, 2021
Canada’s first public Bitcoin fund hits $1 billion
Canadian regulated digital asset manager 3iQ has recorded another massive milestone of its public Bitcoin (BTC) fund. On Jan. 14, 3iQ’s Bitcoin Fund (QBTC) hit the $1 billion mark, the company announced on Twitter. The new milestone demonstrates QBTC’s parabolic growth after 3iQ launched the fund in April 2020. QBTC is now up 900% from its previous milestone of $100 million recorded in October 2020. As previously reported, 3iQ’s QBTC is Canada's first public Bitcoin fund listed on a major stock exchange, the Toronto Stock Exchange. Cameron and Tyler Winklevoss' Gemini provides custody services for 3iQ’s QBTC. At publishing time, …
Bitcoin / Jan. 15, 2021