Popular Twitter personality Dave Portnoy, famous for his motto “stocks only go up,” now wants to learn about Bitcoin (BTC) from Gemini co-founders Tyler and Cameron Winklevoss. In a Twitter clip extracted from his latest daily show on August 4, Portnoy tells the Winklevoss twins he’d like them to “explain Bitcoin in a way that I would understand,” he said. Portnoy stressed that he wants them to come in “their little rowing outfits,” in a reference to the movie The Social Network, where they were shown competing in Harvard’s rowing team. Both Tyler and Cameron accepted the invite shortly after. …

Unstoppable Domains, a major blockchain domain provider, is hitting another milestone as Winklevoss brothers' Gemini exchange now offers custody for its ".crypto" domains. Starting from July 23, users can store their ".crypto" addresses obtained through Unstoppable Domains with Gemini Custody — a tool that is designed to store crypto assets in a regulated, secure and compliant manner. Domain registrars 101domain and EnCirca are among the first users Registrars of traditional DNS domains are being targeted as top customers of the new service. Providers like 101domain and EnCirca will be the first resellers of the new product, Unstoppable Domains’ co-founder Brad …

U.S. government spending may lead to upward Bitcoin (BTC) prices, according to Gemini crypto exchange co-founder and CEO, Tyler Winklevoss. "The Fed continues to set the stage for bitcoin's next bull run," Winklevoss said in a July 22 tweet, which included an article link on the government agency's discussions of further stimulus spending. Bitcoin holds against inflation As a decentralized borderless digital asset away from government control, Bitcoin holds as a potential hedge to mainstream markets and national dollars — a point often stressed by a number of crypto industry participants. Bitcoin holds a 21 million coin maximum supply, protecting …

Gemini revealed hardware security key functionality for its mobile application, giving customers compatibility with devices such as YubiKey for added security. Thanks to WebAuthn compatibility on Gemini's app, iOS and Android "Gemini customers can now use USB and near-field communication, or NFC, security keys to securely sign into the Gemini Mobile App," the exchange said Tuesday in a statement provided to Cointelegraph. The addition bolsters two-factor authentication Two-factor authentication, or 2FA, allows for added security beyond a simple website password login. If enabled, 2FA requires a code from a mobile device for website login after a user inputs their password. …

The two Nigerians jetsetters who filled their Instagram accounts with pictures of their ostentatious wealth were extradited from Dubai to the United States. According to the FBI, they were able to convert millions of dollars into Bitcoin (BTC) via the Gemini exchange. Transaction summary for Bitcoin address 16AtGJbaxL2kmzx4mW5ocpT2ysTWxmacWn. Source: Crystal Blockchain The two are Olalekan Jacob Ponle, also known as “Mr. Woodbery,” and “Mark Kain,” and Ramon Olorunwa Abbas, who used the aliases “Ray Hushpuppi” and “Hush”. The FBI complaint focused on the former’s activities and how he used Bitcoin to transfer the stolen funds. Business email compromise — 1,500 …

Last week, the New York State Department of Financial Services, or NYDFS, proposed changes around its state-wide BitLicense legal guidelines. Gemini, a crypto exchange calling New York home, sees the NYDFS' move as a positive. Gemini's chief compliance officer, Noah Perlman, told Cointelegraph: "The proposed conditional licensing framework is another step the DFS is taking to help ensure this industry continues to grow and innovate — so that it becomes more accessible to more people without compromising safety or security." The NYDFS suggested BitLicense alterations last week New York has made a name for itself as a regulatory hotbed in …

Technology has become central to everyday life. From finding new ways to make money smarter to communicating with each other, humankind is reliant on technology companies to provide these services for us. But despite its great influence over modern life, tech still faces a diversity problem. While some progress is beginning to be made, a cursory glance across the C-level ranks of most companies shows a strong oversupply of straight white men. Emerging tech sectors have not historically been the most inclusive or open-minded, but projects such as LGBT Token, TransTech Social Enterprises and StartOut show that there is both …

The Gemini cryptocurrency exchange is expanding further into Asia with the appointment of former Leonteq Asia CEO Jeremy Ng as Managing Director of Asia Pacific region. The move sets the Winklevoss twins’ exchange up to apply for a license under Singapore’s 2019 Payment Services Act, which requires at least one director to be a Singapore citizen or permanent resident. Ng will oversee the overall strategy and build a team in the region, reporting directly to Gemini’s President Cameron Winklevoss. With more than 20 years in financial services, Ng has worked for leading global banks including Goldman Sachs, Deutsche Bank and …

A report published by CoinMetrics has found extreme wealth centralization among many top stablecoins, with at least 80% of the total capitalization for five top stable tokens being held in less than six accounts. CoinMetrics found that most at least 20% of transfers made using most stablecoins are valued at less than $100, showing significant stable token adoption as a means of payment. The report also found that more than 40% of transactions made using the Paxos Standard Token (PAX) are directly linked to a single multi-level marketing, or MLM, Ponzi scheme. Stablecoins show extreme wealth centralization The report found …

A recent paper from academics at Leiden Law School suggests that if a crypto exchange or crypto custodian goes bankrupt, investors could well lose control over their stored coins. This happened in Japan’s Mt. Gox exchange collapse, and more recently with the failure of Italy’s BitGrail exchange. Thus, it could happen again. Indeed, the paper implies that even users of United States-based exchange Coinbase could have problems reclaiming their crypto in the event of insolvency — because Coinbase doesn’t segregate blockchain addresses. So, the question still stands: “Is there a risk you could lose your Bitcoin” if an exchange or …

Crypto exchange Gemini announced compatibility with the Samsung Blockchain Wallet last week, allowing users to interact with the exchange through the wallet. U.S. and Canadian "Samsung Blockchain Wallet users can buy, sell and store crypto on their phones through the Gemini exchange," Gemini's managing director of operations, Jeanine Hightower-Selitto, told Cointelegraph via email correspondence. Two platforms interact The Samsung Blockchain Wallet app shows funds held on the Gemini exchange, letting customers interact with the platform, Hightower-Selitto said. Essentially, users now have more of a one-stop-shop experience through a single point of entry. Hightower-Selitto explained: "Users open their Samsung Blockchain Wallet …

Ethereum creator, Vitalik Buterin, and Gemini exchange founders, Cameron and Tyler Winklevoss, expressed their opinions on recent efforts at social media censorship. "I've talked before about the rise of corporations regulating governments but here we have Twitter soft-censoring the U.S. president on the grounds of incitement of violence," Buterin said in a May 29 tweet referencing recent Twitter posts from U.S. President Donald Trump. "This is a major escalation and could be a new chapter in relations between corporations and states," Buterin added. A tangled mess of tweets, executive orders, and events Expectations yesterday saw Trump signing an executive order …