Gemini news-Page 7
Winklevoss brothers reportedly eye public listing for Gemini crypto exchange
Renewed interest in the cryptocurrency market in recent months is seeing more United States-based cryptocurrency businesses consider going public. According to Bloomberg, Gemini co-founders Tyler and Cameron Winklevoss are mulling a public listing for the exchange, stating: “We are watching the market and we are also having internal discussions on whether it makes sense for us at this point in time. We are certainly open to it.” The Winklevoss twins will have multiple means to take Gemini public, including an initial public offering or by merging with a blank-check firm. Indeed, Bitcoin (BTC) futures exchange Bakkt recently utilized the latter …
Business / Jan. 14, 2021
Gemini exchange to launch credit card with 3% cashback rewards paid in Bitcoin
Users of the Gemini exchange can now sign up for a cryptocurrency rewards credit card that lets them earn up to 3% back in Bitcoin (BTC). The Winklevoss-led exchange and custodian announced Thursday that the waitlist for the Gemini Credit Card is now open. According to an announcement shared with Cointelegraph, the new card will be launched later this year. Gemini disclosed that it has acquired Blockrize, a crypto payments startup headed by product developers formerly of American Express, JPMorgan Chase, Google and BitMEX. Blockrize has a waitlist of 10,000 people and they too will receive early access to the …
Business / Jan. 14, 2021
Arxnovum files Bitcoin ETF application with Canadian securities regulators
Canadian investment fund manager Arxnovum Investments has filed a prospectus for a new Bitcoin (BTC) exchange-traded fund, or ETF, in Canada. On Monday, the company filed a stack of preliminary documents for the Arxnovum Bitcoin ETF with Canada’s Ontario Securities Commission. According to a preliminary long-form prospectus, Arxnovum plans to list its new Bitcoin ETF on the Toronto Stock Exchange. The listing is subject to the approval of the TSX in accordance with its original listing requirements. “The TSX has not conditionally approved the listing application of the Bitcoin ETF and there is no assurance that the TSX will approve …
Etf / Jan. 13, 2021
Winklevoss brothers top Forbes Bitcoin billionaires list
Major business magazine Forbes has featured Gemini co-founders Cameron and Tyler Winklevoss as the richest Bitcoin (BTC) billionaires. Compiled by Forbes crypto-focused reporter Michael del Castillo, the ranking provides a list of Bitcoin investors that won the most from Bitcoin’s massive surge up to $42,000 in early January. The ranking includes three Bitcoin investors with an estimated crypto net worth above $1 billion, including the Winklevoss brothers, major industry investor Tim Draper and Matthew Roszak, chairman and co-founder of blockchain firm Bloq. The twins topped the list with an estimated cryptocurrency net worth of around $1.4 billion apiece. Roszak and …
Bitcoin / Jan. 12, 2021
The Giving Block and Cointelegraph to host first ‘Crypto’s Biggest Brain’ trivia contest
Want to flex your crypto brain power while supporting charities over the holiday season? The Giving Block and Cointelegraph will host the first Crypto’s Biggest Brain trivia tournament on Friday, December 18 at 7pm ET. The tournament brings together key stakeholders in the cryptocurrency ecosystem while raising awareness and donations for crypto-friendly nonprofits. The tournament will also be sponsored by some of the biggest names in crypto, with Gemini, Ledger and more participating in the event. They’re teaming up with The Giving Block and Cointelegraph to spread the word about how you can contribute to crypto-friendly charities. Trivia game participants …
Business / Dec. 15, 2020
Tyler Winklevoss: 'Smartest people in the room buying the Bitcoin quietly'
Throughout 2020, more than a handful of traditional financial giants have picked up stacks of Bitcoin (BTC), including the likes of billionaire Paul Tudor Jones and business intelligence firm MicroStrategy. These investments are part of a flow of big money entrances into BTC, Gemini crypto exchange co-founders Tyler and Cameron Winklevoss recently said. “This is the most sophisticated investors, the smartest people in the room, buying the Bitcoin quietly, so it’s not a FOMO [fear of missing out] thing,” Tyler said in a CNBC interview, published on Friday. Major institutions are here for this go-round, as opposed to Bitcoin’s retail-led …
Adoption / Dec. 11, 2020
Bitcoin Tuesday aims to raise $1M for good causes today
Bitcoin Tuesday, a crypto-based charity event hosted by The Giving Block, is looking to raise at least $1 million in donations today and over the rest of the month of December. The fundraising target makes Bitcoin Tuesday one of the largest crypto-based charity events ever. The Giving Block has secured partnerships with over 120 nonprofits and 30 blockchain companies to spearhead the charity drive. Some of the biggest names in crypto will participate, including: Gemini Ledger Blockfolio Maker Celsius Network Flexa 0x Along with many other blockchain companies, they are stepping up to help charities collect Bitcoin (BTC) and other …
Business / Dec. 1, 2020
‘Bitcoin Tuesday’ to become one of the largest-ever crypto donation events
Bitcoin Tuesday, scheduled for Dec. 1, aims to become one of the largest cryptocurrency fundraisers in history. The Giving Block, a crypto donations company, has secured partnerships with over 120 nonprofits and 30 blockchain companies to spearhead Bitcoin Tuesday — a one-day event that promotes charitable giving via cryptocurrency. Some of the biggest names in crypto will participate in the event, including Cointelegraph, Gemini, Ledger and Blockfolio. Along with dozens of other blockchain companies, they are stepping up to help over 100 charities collect Bitcoin (BTC) and other cryptocurrency donations before the holidays. Bitcoin Tuesday will feature several trivia fundraising …
Adoption / Nov. 25, 2020
Winklevoss’ Gemini exchange to count crypto taxes in real time
American cryptocurrency exchange Gemini is partnering with tax compliance firm TaxBit to help its customers treport their crypto taxes with TaxBit’s Tax Center Suite solution. Tyler Winklevoss, CEO of Gemini exchange, said that TaxBit’s software will help reduce the “pain point of crypto tax,” enabling users to track the real-time tax impact on their crypto trades on Gemini. According to the announcement, the tool will also allow customers to potentially increase their tax refund and lower their tax liability, providing trade alerts when tax-saving opportunities are available. TaxBit’s Tax Center Suite solution is the first crypto tax-related tool that Gemini …
United States / Oct. 29, 2020
Bitcoin price rise to $500k is inevitable, Winklevoss twins say
Gemini crypto exchange founders Tyler and Cameron Winklevoss said that Bitcoin (BTC) will eventually hit $500,000 per coin during a recent interview with podcast host Peter McCormack. “The question in our mind is not so much does it get to $500,000, but how quickly,” Tyler told McCormack during the Oct. 23 podcast episode. His thesis takes the market cap of gold and theoretical central bank allocation into consideration. "I would sort of contend that $500,000 Bitcoin is actually pretty conservative and the game hasn't even really started," Cameron noted. MicroStrategy and others buying significant amounts of Bitcoin for their treasury …
Adoption / Oct. 23, 2020
Gemini exec to join Bitstamp crypto exchange as new CEO
Bitstamp, one of the world’s oldest and largest cryptocurrency exchanges, is replacing its CEO for the first time. Nejc Kodrič, the firm’s CEO who co-founded Bitstamp back in 2011, is stepping down from his position. He will be moving into a new advisory role on the company’s board of directors, Bitstamp executives told Cointelegraph on Oct. 22. Julian Sawyer, who currently serves as the managing director of the United Kingdom and Europe at major global crypto exchange Gemini, will replace Kodrič, becoming the second CEO in Bitstamp’s history. The replacement is purportedly a response to the dynamic growth of the …
Adoption / Oct. 22, 2020
Canada’s first public Bitcoin fund hits $100M mark
Canadian digital asset manager 3iQ has recorded a major milestone fo its public Bitcoin (BTC) fund. The Bitcoin Fund — Canada’s first Bitcoin fund listed on a major stock exchange — has crossed the $100 million market cap threshold, 3iQ announced in an Oct. 20 tweet. Tyler Winklevoss, a major cryptocurrency investor and a co-founder of United States’ Gemini crypto exchange, congratulated 3iQ on the milestone. Big Milestone. The #Bitcoin Fund by @3iq_corp that trades publicly on the Toronto Stock Exchange under $QBTC.U, just passed the $100 million mark. Onward! — Tyler Winklevoss (@tylerwinklevoss) October 21, 2020 As previously reported, …
Bitcoin / Oct. 21, 2020