Winklevoss Twins Foster Mainstream Adoption with Bitcoin Giveaway

Now that bitcoin has taken center stage in the United States, Gemini Co-Founders Cameron and Tyler Winklevoss are doing their part to hasten mainstream adoption. Tyler tweeted his latest challenge, the reward for which is 1 BTC. At the current rate, that amounts to roughly $9,700. By the time the contest is over, however, the […]

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Crypto Mom Bemoans ‘Regulatory Escape Room’ Feel for Crypto

U.S. regulators FINRA and the SEC have put out a joint statement explaining why they have yet to approve applications from crypto exchanges such as Coinbase and Gemini requesting to receive licenses to operate as broker-dealers alongside their custody services. The statement comes in the wake of fraying patience and grumblings among key players in […]

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Gemini Exchange Expands into Windy City to Capture Institutional Wave

Gemini, the cryptocurrency exchange launched by Cameron and Tyler Winklevoss, has expanded its footprint into Chicago. A Gemini spokesperson told CCN that they are "opening [the new office] with five employees." One of them, Andrew Page, appears to have been poached from Coinbase, base on his LinkedIn profile. Page spent one month as senior product […]

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Huge! Amazon-Owned Whole Foods Buoys Crypto by Accepting Bitcoin

By CCN: There’s no shortage of possible catalysts behind the spike in the bitcoin price is. You can now add Jeff Bezos’ Amazon to the list. Whole Foods, which is owned by the e-commerce behemoth, is now accepting bitcoin as a payment method. The mind-blowing development was made possible thanks to a deal between payments startup Flexa and Gemini, the latter of which is the crypto exchange launched by Tyler and Cameron Winklevoss. Users only need to download an app dubbed Spedn and can make everyday purchases using cryptocurrencies including bitcoin, ether, Bitcoin Cash, and Gemini Dollar (GUSD). Considering that

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Winklevoss’ Gemini Photo Bombs Kardashian-West at Met Gala After Party

By CCN: It turns out the Winklevoss twins aren’t content being Harvard-educated crypto billionaires. They want the title of memelord, too. As this latest piece of marketing shows, cryptocurrency exchange Gemini will do anything to be absorbed into the mainstream consciousness. This includes having their company’s logo photo bomb Kim Kardashian and Kanye West at a Met Gala after party in New York. pic.twitter.com/cKzQbrVSJ2 — Gemini (@Gemini) May 8, 2019 Winklevoss’ Kardashian-Fueled Gemini Marketing Machine Is in Overdrive Using (fortuitous or planned?) happenstance with the Kanye West meme, Gemini’s marketing machine has been garnering a lot of attention lately. The

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The Winklevoss Twins Are Giving Away 1 Bitcoin After Tron’s Tesla Fail

By CCN: Gemini, the bitcoin exchange founded by Tyler and Cameron Winklevoss, has caught the crypto contest bug. The Winklevoss twins are giving away 1 BTC to the person with the best shot of the Gemini Crypto Bus. The game is sure to strike a chord with people inside and outside of crypto. The bitcoin price is currently hovering at approximately $5,800 and many believe it’s headed to the moon. While the competition hasn’t generated as much traction on Twitter as Tron Founder Justin Sun’s Tesla giveaway, it’s early. Tyler announced the contest this weekend. But it could be that Tron’s

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Blockchain.com Wallet Latest to #DelistBSV

Blockchain.com, one of the oldest non-custodial wallet services on the web, has decided to #delistBSV. While the official note on the subject offers no justification or reasoning, Blockchain CEO Peter Smith posted a few Tweets earlier today which indicate the philosophical drive for the decision: At @blockchain, we added support for close out only transactions (sell, send) for #BSV in January in the @blockchain Wallet and have encouraged users to sell or take their #BSV elsewhere… — Peter Smith (@OneMorePeter) April 15, 2019 In the next thirty days, we will end even close out support for #BSV transactions. To use

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Coinbase-Backed Stablecoin Claims Rivals Deceptively Pump Market Caps

Touted as the next big thing in crypto, stablecoins promise investors volatility-proof exposure to decentralized assets, but insiders say that this emerging asset class is vulnerable to the same manipulative practices that have tarnished the broader ecosystem. According to Nevin Freeman, chief executive officer of Reserve, a Coinbase-backed stablecoin, many of his rivals artificially inflate their market caps and trading volumes, creating misleading data on crypto-tracking sites like CoinMarketCap and The Stablecoin Index. Freeman identified two dubious tactics used by stablecoin operators to pump their metrics: giving discounts to investors who agree to lock up their funds for a set

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Gemini Claims to be World’s First SOC 2 Compliant Crypto Exchange after Deloitte Audit

Crypto exchange Gemini has announced that it has completed its SOC 2 Type 1 examination, and plans to obtain more security credentials by the end of the year. SOC 2 reports are essentially certifications testifying to the processing integrity, security, and/or availability of a service, with a key focus on data confidentiality for end users. The exchange owned by billionaire crypto investment duo Cameron and Tyler Winklevoss is the first to have this level of security compliance on the cryptocurrency scene. In an announcement by Head of Risk, Yusuf Hussain, Gemini claims that the SOC 2 Type1 certification means that

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Why Nasdaq’s Bitcoin Exchange Partnerships Prove the Crypto Industry is Growing up

A total of seven cryptocurrency exchanges have contracted with Nasdaq to use its surveillance technology. The technology, which has various products including SMARTS (which was adopted by Gemini), enables Bitcoin exchanges to identify fraudulent trading patterns. How Nasdaq Evaluates Crypto Exchanges According to Forbes writer Michael del Castillo, Bitcoin exchanges must have more than enough capital to cover the steep fees Nasdaq charges to license its technology. Nasdaq conducts a means test which focuses on the backgrounds of exchange executives as well as practices within them. Exchanges must list reputable tokens and must have a solid process through which they

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