Prominent Bitcoin investor and Gemini Exchange co-founder Cameron Winklevoss says that the future of money is currently being built with Bitcoin and crypto and that it’s ‘crazy’ to be sitting on the sidelines. ‘The Future of Money is Literally Being Built’ Popular cryptocurrency commentator and a prominent Bitcoin investor Cameron Winklevoss has argued the craziness of investing in the crypto space. He said: “Some people think it’s crazy to invest in crypto. Maybe. But definitely
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Contrary to their Gemini billboard slogans, crypto doesn’t actually need rules, clarified Cameron Winklevoss. Instead, it’s companies that deal in cryptocurrencies that require “thoughtful” oversight, particularly in light of the recent QuadrigaCX fiasco. Winklevoss: Crypto Doesn’t Need Rules, But… It’s no secret that the Winklevoss twins have been championing the ‘sanitization‘ of cryptocurrency. With their “fully regulated” Gemini exchange, their goal is to change the Wild West image of the fledgling industry that’s been plagued
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A world-renowned economic historian who was previously skeptical on Bitcoin now thinks that it has a bright future. The expert also holds that its distinction is going to make it appealing to investors in the upcoming years. Bitcoin’s Bright Future Niall Ferguson, a well-known economic historian and recognized author, spoke at The Australian Financial Review Business Summit which took place on March 5th and 6th in Sydney. The expert, who previously thought that Bitcoin (BTC)
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The Winklevosses certainly aren’t just twiddling their thumbs whilst waiting for an SEC decision on their ETF. This week saw them shilling their Gemini cryptocurrency exchange by spamming New York City with ‘regulations are good’ adverts. Crypto Needs Rules… But Does It? The message that the adverts purportedly push, is that regulatory measures lead to a future cryptocurrency market without the chaos. Slogans such as ‘The Revolution Needs Rules’, ‘Money Has A Future’, and ‘Crypto Without Chaos’ have sprung
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SEC indecision has led companies including several Wall Street veterans to form the Association for Digital Asset Markets (ADAM). Advised by a former New York Stock Exchange CEO, the group are attempting to introduce an industry code of conduct. Best Practice Manifesto The group, which includes Mike Novogratz’s Galaxy Digital, Hudson River Trading, and Symbiont, plan to clean up crypto’s image, Bloomberg reports. Its mission is to “foster fair and orderly digital asset markets where participants can
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The richest Bitcoin addresses are owned by cryptocurrency exchanges. Collectively, these addresses hold less than 3.5 percent of all bitcoins. Richest Bitcoin Addresses Hold $3.1 Billion Not surprisingly, the top 5 wealthiest Bitcoin addresses belong to cryptocurrency exchanges. All of them hold a total of 592,943 BTC, which is currently worth around $3,150 billion. This accounts for roughly around 3.5 percent of the entire amount of BTC. Binance Binance is the world’s largest cryptocurrency exchange
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On November 1st Tether said they have established a banking relationship with the Bahamas-based Deltec Bank & Trust Limited. Tether Limited made a few notable announcements on Thursday, November 1st. Early in the day on Twitter, the firm confirmed a new banking relationship with Deltec Bank & Trust Limited (Deltec), which has a headquarters in the Bahamas. We are pleased to be able to confirm that Tether has an account with Deltec Bank & Trust Limited
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On Friday, October 12, 2018, Gemini announced the addition of Litecoin (LTC) to its trading catalog. Litecoin becomes the fourth cryptocurrency added to the Winklevoss-owned platform. NYSDFS Approval for Litecoin Trading on Gemini Eric Winer, the platform’s VP of Engineering announced the news via a post on the company’s Medium account. According to the announcement, customers will be able to deposit LTC into their trading accounts from Saturday, October 13th, 2018, while trading commences the
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The Gemini cryptocurrency exchange announced that customer assets are now covered by insurance. It comes through a consortium of global insurers who were organized by Aon. The Gemini digital cryptocurrency has notified customers that insurance for digital assets is now available. A news release said is was arranged by a professional services firm called Aon who organized a collective of leading insurers. Introducing Digital Assets Insurance, which furthers our mission to build the future
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Gemini, a New York-based cryptocurrency exchange owned by the Winklevoss Twins is eyeing a move to the UK. Winklevoss Twins Look to Set Up Shop in The UK According to the Financial Times, inside sources revealed that Gemini is serious about a foray into the UK market. Furthermore, reports indicate that the platform has gone ahead to hire consultants charged with working out modalities for such an expansion project. Commenting on the proposed plans, the
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A handful of cryptocurrency and blockchain lobbyists are working to promote and explain the technology to U.S lawmakers and regulators. The hope is to nurture the development of regulatory frameworks which will help the crypto-space, rather than hinder it. The Blockchain Association One of the capital’s newest lobbying groups, the Blockchain Association, launched officially in September with the goal of winning over federal lawmakers and U.S regulators. Its members include some of the largest exchanges
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There has been much discussion lately regarding so-called stablecoins. But are they really the answer to the general instability of many cryptocurrencies? A recent article in The Guardian suggests that they may ultimately be flawed. ‘Stable’ Coins The price of Bitcoin and other conventional cryptocurrencies can vary by the hour, making them unsuitable as units of account. Whilst many retailers may accept payment in cryptocurrency, nobody in their right mind would price things directly in Bitcoin
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Many have compared Bitcoin to gold with some even referring to the former as “digital gold.” As it turns out, the historical performance of both assets reveals notable similarities. ‘Uncanny’ Resemblance Bitcoin, being a fairly nascent asset, reveals serious similarities to the yellow metal in its performance. As seen on the chart below, the resemblance is uncanny. The chart compares the performance of gold in the last 43 years and that of Bitcoin since its
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Bitcoin ETF proposals are being shot down left and right. One industry insider claims that applicants need to focus on matching the SEC’s tastes and preferences. Bill Barhydt, the top executive of Abra, a Bitcoin start-up, spoke with CNBC‘s Squawk Box Europe on Tuesday. According to CNBC, ETF applicants: “[…] haven’t fit the financial archetype that the U.S. Securities and Exchange Commission (SEC) is looking for.” hat had the following to remark: In his own words, Barhydt remarked the following: I
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Four cryptocurrency exchanges, including Gemini – the one founded by the Winklevoss brothers, is purportedly setting up a working group to bring new industry standards. Virtual Commodity Association Working Group (VCAWG) The Winklevoss twins’ cryptocurrency exchange Gemini is teaming up with three other exchanges to form a new self-regulatory organization (SRO) dubbed the Virtual Commodity Association Working Group. The exchanges in the newly formed organization, besides Gemini, are Bittrex, bitFlyer USA, and Bitstamp. Bittrex is
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Despite the SEC’s recent rejection of the Winklevoss’ proposed rule change, there are still 9 Bitcoin ETF proposals currently pending. One of them, however, seems to be standing out with the best chances of success. 10 Bitcoin ETF Proposals in The Queue There are currently 10 propositions for bitcoin exchange-traded funds queued up for the SEC to decide on. The commission recently rejected the proposed rule change of the Winklevoss Bitcoin Trust ETF over regulatory
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SEC Commissioner Hester Peirce explained why she is pro-Bitcoin ETF and why the Commission rejected the Winklevoss’ Twins latest rule change application. ‘I’m a Big Fan of Innovation’ In an interview with CNBC’s Cryptotrader host, Ran Neuner, SEC Commissioner Hester Peirce explained that she is currently one of four commissioners responsible for the fate of the Bitcoin ETF (though there are typically five when Commission is at full strength). As Bitcoinist reported last week, Peirce
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After penning the book which inspired “The Social Network,” you may have expected Ben Mezrich’s Winklevoss interest to have waned. However, he recently wrote a new book detailing their adventures in Bitcoin, which will be available next spring. Winklebros You’ve all heard the story of how the ‘evil’ automaton Mark Zuckerberg co-opted Facebook from the heroic Winklevoss brothers, who really invented it. The subsequent, and highly publicized, lawsuit led to a settlement of $65 million for
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SEC commissioner Hester M. Pierce voiced her formal disagreement shortly after the US Securities and Exchange Commission (SEC) denied the application of Cameron and Tyler Winklevoss for a Bitcoin ETF. SEC Commissioner Hester M. Pierce said in a public statement that the commission was wrong to disapprove the proposed rule change to list and trade shares of the Winklevoss Bitcoin Trust on the Bats BZX Exchange. She also holds that the proposition manages to abide
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With much of the financial world fixated on the prospect of a bitcoin exchange-traded fund, the US Securities and Exchange Commission (SEC) has reportedly denied the proposal from Gemini founders Cameron and Tyler Winklevoss. 3-1 Against The US Securities and Exchange Commission (SEC) has reportedly rejected the first-ever cryptocurrency ETF proposal from Cameron and Tyler Winklevoss — the famous entrepreneurs behind cryptocurrency exchange Gemini. The Winklevoss Bitcoin Trust was already denied by the SEC in
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