Uncategorized

Gemini Eyes $400 Million Funding Round аt Potential $7 Billion Valuation

The popular New York-based cryptocurrency exchange, Gemini, has recently revealed that it is seeking to raise about $400 million in a new funding round. Thus, its total valuation could rise to $7 billion.

A Potential $7B Valuation

Citing unnamed sources on Thursday, Bloomberg reported that the fundraising will bring the exchange’s valuation to $7 billion.

Gemini, spearheaded by the Winklevoss twins, Cameron and Tyler, is set to join the growing list of top crypto-related companies, including Coinbase and ConsenSys, in taking advantage of favorable market conditions and increasing interest from mainstream investors to raise fresh capital.

As per the report, the plans have not been finalized, so the terms of the fundraising can still change.

Gemini IPO Endeavors

As the bull run in the crypto market continues, several exchanges are making moves to take their businesses public via an initial public offering (IPO), direct listing, or merger with a special purpose acquisition company (SPAC).


ADVERTISEMENT

Earlier in January, Gemini announced that it was considering going public through an IPO following its competitor, Coinbase, which had become the first U.S.-based exchange to go live on Nasdaq through a direct listing.

“We are definitely considering it and making sure that we have that option. 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 company said.

With the influx of large institutional investors and growing competition within the space, crypto companies need new funding, which often comes in handy for hiring new staff, acquisitions, expanding product offerings, and many more.

Decarbonizing Bitcoin

Gemini has grown to become one of the leading crypto trading platforms in the U.S., with a record $268.3 million in daily spot volume. The New York-based exchange is also keen on compliance and building solutions to further develop the Bitcoin and crypto ecosystem.

Just a few months ago, following several complaints about the environmental impacts of Bitcoin-related activities, Gemini announced a long-term initiative dubbed Gemini Green to help decarbonize Bitcoin by adding environmentally conscious practices into its business.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to $1750.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Uncategorized

The Winklevoss Brothers Have Formed a Musical Band

The Bitcoin price crash has been so severe that the Winklevoss twins, arguably one of the largest BTC whales in the world, have decided to start a band to make ends meet.

Let’s Rock!

Ok, Ok; maybe we’re exaggerating, but a report from the celebrity gossip site Page Six claims that the multi-talented Winklevoss twins formed a band with their co-workers and are already close to playing their first “gig”.

“Tyler sings, Cameron plays guitar,” said an anonymous source. The band already gave its first show to a closed group of friends at Cameron’s NoHo loft this week.

According to the magazine, the twins will take things a step further and play for a much larger and more serious crowd in a matter of days.

Didn’t make the guest list? No worries. The source tells us the mini show was just a dress rehearsal for next week, when the 6’5″ pair – who were played by Armie Hammer in the 2010 movie “Social Network” – have invited 200 people over to see them jam.

No further details have been revealed. The band name is still unknown, the music style is a mystery, and the song repertoire has not been revealed to the public either. Still, if the past serves as a benchmark to judge the future, the band may not be all that bad – regardless of whether it is a hobby or a serious endeavor.


ADVERTISEMENT

From Sports to Tech: The Winklevoss Have Been There and Done That

If there’s one thing the Winklevoss twins have plenty of, it’s talent. As youngsters, they were on the Olympic rowing team, the idea of what would become Facebook began with them, and they saw the potential of Bitcoin when it was just a curiosity being discussed by a bunch of nerds on cryptography forums.

Today some estimates calculate their Bitcoin holdings at close to 1% of all the coins available; they are also the owners of Gemini, one of the most important regulated cryptocurrency exchanges in the United States; and have funded several visionary projects related to blockchain technologies such as the Nifty Gateway NFT marketplace.

So if there’s one thing we can be sure of, it’s that if they form a rock band, you’ll probably end up with at least one song stuck in your brain… Of course, that’s if you ever get to hear them play.

In the meantime, you’d better stick to following them on Twitter. If they ever buy a record label, we’ll let you know.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Uncategorized

The Fed is Bitcoin’s Biggest Booster, Say The Winklevoss Twins

Speaking to Anthony Pompliano during the 2021 Bitcoin conference, the Gemini founders, Tyler and Cameron Winklevoss noted that they are still BTC hodlers and pledged to hold at least until the price reaches $500,000. Additionally, they called the US dollar the “ultimately shitcoin.”

  • The Winklevoss twins are among the most famous early BTC adopters, having purchased sizeable amounts in 2012. During the conference, the brothers said they firstly bought when the asset’s price was around $100-$130 – which is “the value of some shitcoins today.”
  • Despite seeing the USD value of their holdings substantially appreciating since then, they don’t plan to dispose of their portions anytime soon. In fact, they doubled down on their recent thesis that BTC will eventually reach $500,000 per coin.
  • At that point, though, they believe it won’t be necessary to sell any coins for fiat currency as they wouldn’t be relevant.
  • They noted that bitcoin is prone to such an increase because it’s the better version of gold and will eventually reach the precious metal in terms of market cap, which is considered to be well above $10 trillion.
  • They outlined the COVID-19 pandemic and the governments’ actions as the main reason why Wall Street and other institutions came into the Bitcoin space. They called the US dollar “the ultimately shitcoin” and said the Fed is Bitcoin’s biggest booster.
  • Similarly to Max Keiser, the Winklevoss brothers highlighted the difference between the 2021 BTC conference with over 10,000 in attendance, while during their first one in 2013, there were “roughly a few dozen people.”
SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Uncategorized

Gemini Now Allows Users to Earn up to 2.25% Interest on Dogecoin

The US-based cryptocurrency exchange Gemini announced it will grant its customers the opportunity to earn interest on Dogecoin. They can realize as much as 2.25% annual percentage yield (APY) on the meme coin. With this innovation, Gemini Earn now accounts for more than $2 billion in loans for its customers.

DOGE Coming to Gemini

The massive craze around the meme coin keeps its invasion and reached the US trading venue Gemini. The official website of the crypto exchange founded by the Winklevoss brothers announced to its users that they can start earning interest on DOGE with Gemini Earn.

The company revealed its custody support to the meme coin and affirmed that Gemini is the only regulated platform in the US where trading and earning interest on DOGE is allowed in all 50 states. Furthermore, Gemini’s officials opined that Dogecoin is a true successor of Bitcoin:

”We listed Dogecoin because we believe it is the people’s money and continues Bitcoin’s tradition of giving the control of money back to the people.”

The Gemini team also confirmed that clients may begin earning interest on SushiSwap (SUSHI), Injective (INJ), and Polygon (MATIC).

Gemini Earn stated that users can earn up to 7.4% APY on their crypto held on the exchange. Additionally, interest is earned and aggregated daily and customers can claim their digital assets at any time. Another main advantage of the service is that there are no minimum balances and fees to transfer into or redeem from it.


ADVERTISEMENT

Gemini Earn is accessible for every customer in the US and Singapore. With the addition of Dogecoin, there are now 32 digital assets that the service supports.

Another Innovation by Gemini

The founders of the cryptocurrency exchange – The Winklevoss twins – are well known for their support for the crypto industry and Bitcoin in particular. Their digital asset exchange is among the few regulated in the US and has made several notable partnerships as of late.

CryptoPotato reported recently that Gemini collaborated with Mastercard to launch a crypto credit card with rewards paid in the form of the primary cryptocurrency. According to the statement, the card will offer up to 3% of bitcoin cashback to users.

Many investors embraced the announcement and the waiting list quickly surged to 140,000. Gemini promised the card will come with no annual fees, combined with 24/7 live customer support, which should ”deliver a superior cardholder experience.”

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Uncategorized

Gemini Partners With Mastercard to Launch a Crypto Credit Card With Rewards in Bitcoin

Mastercard continues its crypto-related efforts by partnering with the digital asset exchange Gemini to introduce an innovative crypto rewards credit card. Dubbed Gemini Credit Card, it already has over 100,000 people on its waitlist but should see the light of day in the summer.

Crypto Rewards Credit Card From Gemini

The crypto exchange founded and managed by the Winklevoss twins announced its latest product earlier today. Apart from including Mastercard, the company has also partnered with the Utah-based industrial bank – WebBank.

The statement outlined some of the key features of the card, which has already amassed 140,000 people on the waitlist. Those include up to 3% of cashback on “qualifying purchases” in bitcoin or some of the other digital assets listed on Gemini. The rewards will be automatically deposited immediately after the transactions into the cardholders’ accounts on the exchange.

Gemini promised the card will come with no annual fees, combined with 24/7 live customer support, which should “deliver a superior cardholder experience.”

The card will be available in three colors initially – black, silver, and rose gold – and will not contain the 16-digit card number. Instead, it will be “easily accessed” via the customers’ Gemini accounts and will require two-factor authentication.


ADVERTISEMENT

“As more customers look to enter the crypto ecosystem, the Gemini Credit Card gives them an easy point of entry and an effortless way to earn crypto as a reward without changing their daily spendings.” – commented Gemini’s CEO, Tyler Winklevoss.

Upon its launch, which should be later this year, the card will be available in all 50 US states and will be accepted wherever Mastercard operates.

Mastercard Doubles Down on Crypto

Winklevoss also outlined Mastercard’s recent efforts with affiliation to the cryptocurrency industry as a significant milestone in terms of mass adoption. CryptoPotato previously reported that the US financial services giant decided to support several digital assets directly on its network.

Linda Kirkpatrick, Mastercard’s North American president, noted that the company’s pro-crypto approach aims to satisfy the rapidly growing customer demand. While commenting specifically about the Gemini Credit Card, Kirkpatrick added:

“Our work with Gemini builds upon this position, connecting consumer needs with next-generation assets and delivering a ground-breaking experience that redefines the future of card rewards and benefits.”

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Uncategorized

Real Estate Giant Teams up with Gemini to Buy Bitcoin and Allow BTC Rent Payments

Caruso, one of the largest estate companies in the US, has entered the BTC space with an undisclosed investment. The organization also revealed it will begin accepting bitcoin as payment for rent following a partnership with Gemini – the cryptocurrency exchange founded by the Winklevoss twins.

Pay Rent with Bitcoin

Without specifying the precise amount, Caruso announced earlier that it had made a “significant initial investment” in the primary cryptocurrency as part of its treasury management strategy. The move has made the company “the first to adopt the technology in the real estate industry.”

The firm completed the purchase through a partnership with Gemini, a US-based cryptocurrency exchange and custodian. The innovation reinforced the company’s confidence in the digitizing space.

Additionally, the firm enabled its tenants to pay rent with bitcoin, should they choose to do so.

Rick Caruso, founder, and CEO of the company weighed in on the topic:


ADVERTISEMENT

”We believe that cryptocurrency is here to stay. We believe that bitcoin is the right investment for us. We’ve allocated a percentage of what would normally go into the capital market into bitcoin.”

The billionaire went further and stated crypto is a long-term resolution and ”it’s not about the next year or five years”.

”We are thrilled to partner with Caruso as they continue to push the real estate sector to new heights by embracing cryptocurrency for the benefit of both their customer experience and their own business operations. We are excited to help them execute their digital asset treasury strategy and advise them more broadly throughout their cryptocurrency journey.” – commented Gemini’s CEO Tyler Winklevoss.

The Los Angeles-based company has become a part of the growing institutional adoption of bitcoin around the globe. According to experts, companies like MicroStrategy, MassMutual, Tesla, and more are a vital factor behind BTC’s recent price increase.

Bitcoin as a Form of Payment

While Caruso may be the first firm from the real estate industry to adopt BTC as a payment method, companies from other sectors have well preceded it. Most recently, the popular NBA team Sacramento Kings said it will give the option to its players to receive their salaries in the primary cryptocurrency.

Another fresh example is the UK private jet company – PrivateFly. The organization revealed that nearly 20% of its yearly payments were paid in bitcoin.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }