Winklevoss Twins news

Cameron and Tyler Winklevoss are American entrepreneurs, founders of Gemini, a cryptocurrency trading platform.

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Winklevoss Twins’ Gemini Exchange Now Has a New Custodial Service

New York-based regulated digital currency exchange Gemini will start offering a digital asset custody service via a new dedicated offshoot called Gemini Custody. Expansion in full swing Gemini Custody will work as a registered and qualified custodian for 5 major cryptocurrencies and 13 ERC-20 based tokens. It includes the likes of Bitcoin, Bitcoin Cash, Ethereum, Zcash, and Litecoin. The custodial service will initially be available for only 18 currencies. However, the Winklevoss twin-led company is planning to expand aggressively into other digital currencies as well. Gemini is responding to the increasing demand for custodial solutions in the crypto industry, which is not limited to major coins like Bitcoin and Ethereum. There is an increasing appetite for altcoin custody in the market which could provide long-term security from a wide array of risks. Note that small cryptos are more prone to bigger risks. Tyler Winklevoss commented on the solution, saying, “The maturation of crypto as an asset class depends heavily on the safety and soundness of the custodians that hold individual and institutional funds.” Paving the way for institutional investments The exchange is also responding to the higher number of institutional investments in this space. Institutional investments are larger and need better protection from theft and losses owing to operational issues. Gemini is uniquely positioned to fulfill this responsibility. The firm is headquartered and registered in the state of New York and comes under the state regulator’s jurisdiction. The state is known to high standards of regulatory control over cryptocurrency businesses because of which Gemini’s custodial service provides a safer way for investors to hold their assets. The exchange’s director of operations, Jeanine Hightower-Sellitto commented on the launch of the new service and said that institutional investors had improved their appetite for digital coins. However, they have lacked a solution that could provide them security alongside robust regulatory support. The custodial solution will support multi-signature access, hardware security modules (HSMs) alongside access-controlled facilities. The users will be allowed to create a whitelist of addresses which could receive withdrawals from their custodial accounts. Their assets will be locked using hardware security keys, adding more security to the mix. As Gemini is a cryptocurrency exchange, it will also let users trade in assets held in the custodial accounts without transferring them to their exchange hot wallets. This will add additional perks for institutional investors who will get easy trading and secure storage of assets. The post Winklevoss Twins’ Gemini Exchange Now Has a New Custodial Service appeared first on - Daily Cryptocurrency and FX News.

Winklevoss Twins: Wall Street Has Ignored Bitcoin Too Long

For the most part, Wall Street has been slow to accept bitcoin as a valid investment tool. This, in many ways, has helped retail players get ahead in the field of cryptocurrency, according to the Winklevoss Twins of “The Social Network” fame. Winklevoss Twins Say Wall Street Has Been Too Slow Cameron and Tyler Winklevoss, known primarily as the allegedly real creators of Facebook, have been two of the biggest bitcoin and crypto advocates the world has ever seen. The pair founded the Gemini Exchange in New York and were one of the first teams to acquire the infamous BitLicense, which is required if a crypto or blockchain company wants to operate or offer its services in the city that doesn’t sleep. Now, both men have expressed interest in joining the board of Facebook’s Libra, a new digital currency that’s set for global standards. Libra was first announced earlier this year and has been met with mixed reactions. The currency’s creators – including David Marcus, formerly of PayPal – have been subjected to harsh scrutiny from U.S. regulators and lawmakers, who seek to understand what Libra is planning to do with the customer information it will gather. Facebook was in major trouble in April of 2018 when its partnership with Cambridge Analytica was revealed. The social media platform had been selling customers’ private data to third parties for advertising purposes. Mark Zuckerberg, the founder of the company, was grilled by Senate members in what ultimately amounted to a fine of a few billion dollars initiated just a month ago. Some believe that Facebook got away with a simple slap on the wrist, but Libra’s development has since been put on hold. While it’s unclear if Libra will ever get back on track, the currency is now in a period of stagnation, which is likely to last until the U.S. congress gets all the answers it’s looking for. In the meantime, the Winklevoss Twins are commenting that retail players have made the 2019 bitcoin price what it is. While the currency ultimately collapsed at the end of 2018, bitcoin began jumping up again in April of this year after several new tech companies potentially began showing interest in crypto. In an interview, Tyler and Cameron explain:  Unlike the internet, which you couldn’t buy a piece of, you can actually buy a piece of this new internet money. It’s still a retail-drive market from day one, and a lot of people have done well. Wall Street has been asleep at the wheel.  We Couldn’t Ignore It Interestingly, the Twins ultimately saw themselves getting into crypto thanks to FOMO (fear of missing out). They saw bitcoin as the future of money, claiming:  We had to invest because we were afraid of missing out. We couldn’t miss out on the future. The post Winklevoss Twins: Wall Street Has Ignored Bitcoin Too Long appeared first on Live Bitcoin News.
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BTC Price After MASS ADOPTION | What is Mimblewimble? Winklevoss Twins Bitcoin News

What might 1 BTC be worth after mass adoption? This is something that Mattie will look into. He will also talk about the Winklevoss Twins making a serious wall street bitcoin warning. In addition, Mimblewimble is something that Mattie​ will dig into and tell you everything you need to know. ----------------------------------------------------------------------------------- Sign Up For Altcoin Buzz Newsletter Now: Visit our website: Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: BITCOIN: WHAT COULD 1 BTC BE WORTH AFTER MASS ADOPTION? The Winklevoss Twins Made A Serious Wall Street Bitcoin Warning THE BITCOIN PRICE JUST DID SOMETHING IT'S NEVER DONE BEFORE What is Mimblewimble? -------------------------------------------------------------------------------- #bitcoin #cryptocurrency #altcoin #altcoins #crypto #btc $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news Bitcoin cryptocurrency altcoin altcoins crypto btc $BTC bitcoin price ethereum electroneum enjin cardano digibyte bitcoin news btc libra chainlink ripple xrp ripple Binance bitcoin news today crypto news Litecoin cryptocurrency news hpb high performance blockchain $xrp $enj $etn $ltc $dgb $ada NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Gemini’s Winklevoss twins on FB’s entry into crypto: ‘Welcome to the party’

Early Bitcoin investors and founders of Gemini, Cameron and Tyler Winklevoss were making news even before they entered the crypto space. They were famous for suing Mark Zuckerberg over Facebook, and their journey was documented in the movie ‘Social Network’. The Winklevoss twins were interviewed by Today, where they were asked about their opinion on […] The post Gemini’s Winklevoss twins on FB’s entry into crypto: ‘Welcome to the party’ appeared first on AMBCrypto.

Winklevoss Twins Think Wall Street Has “Been Asleep at the Wheel” Regarding Bitcoin (BTC)

The famous Winklevoss Twins, who founded the Gemini exchange, affirmed that retail investors are still getting more benefits from the Bitcoin market than the Wall Street institutional investors during a recent interview with CNBC. Cameron and Tyler Winklevoss, co-founders of cryptocurrency exchange Gemini, explain why they are bullish on Bitcoin despite the potential risks associated […]
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Despite Historic Differences, Winklevoss Twins Are Considering To Join Libra Association

Anyone who knows about the history of Facebook and Winklevoss Twins knows about the highly disputed past and settlement with Zuckerburg. With that in lin min mind, it would be hard to imagine them joining Libra Association. In an interview with CNN’s Poppy Harlow, the twins said: “Facebook was a dispute, but it didn't define […]
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Bakkt Launches Futures Contracts, Bitcoin Price Falls

Bakkt, a subsidiary of New York Stock Exchange owner Intercontinental Exchange Inc (NYSE: ICE), launched its long-awaited physically backed Bitcoin futures Monday.  The first Bakkt/ICE futures contract changed hands at $10,115 and the number of contracts in the first hour stood at just five total, CoinDesk reported. It's widely belived in the ...Full story available on

Late Bloomer: Why Bakkt’s Slow Start Is No Surprise

Bakkt has finally opened its platform for physically-delivered Bitcoin futures, but the response has been underwhelming. Nearly a year after the owners of the New York Stock Exchange announced their foray into cryptocurrency, markets responded to the new institutional trading venue with another 1.8% price drop. First announced last August, the long-delayed launch “was an important step toward bringing trusted infrastructure to digital assets,” wrote CEO Kelly Loeffler. The physically-settled futures platform is expected to provide a crucial infrastructure for institutional trading in cryptocurrencies. But some pundits have expressed disappointment at today’s volumes. Four hours before the market closes, only $550,000 worth of BTC futures have exchanged hands. One well-known cryptocurrency analyst described volumes as “not great,” while CoinDesk said trading on Bakkt was off to a “slow start.”   Source: Bakkt   At face value, these low volumes might suggest that institutional investors aren’t very interested in cryptocurrencies. Based on today’s activity, Bakkt volumes are unlikely to rival the futures product from CME Group, which traded $470M in its first week. But there’s an important distinction. CME’s futures are all cash-settled, meaning that all the trading is done in fiat currencies. The underlying asset may be Bitcoin, but at no point does either side have to actually hold it. From a legal perspective, that makes CME futures much simpler for institutional investors, making them no different from a similar future in wheat, maize or gold. In contrast, Bakkt’s futures are all physically delivered, meaning that the underlying assets have to be transferred on a specified date. Institutional investors have to take custody of actual bitcoins, with a lot more hoops to jump. In order to regularly trade in Bakkt bitcoin futures, institutional investors will have to consult specialized legal counsel, acquire new insurance policies, and possibly update their investors, as well as find a custodian to for the digital asset. “[S]ome of [Bakkt’s] largest prospective clients still don’t have permission to trade physically-delivered futures contracts,” wrote analysts at BeQuant Exchange in a note. “As such, [the] build it and they will come mantra may not necessarily result in an influx of new, hot money, at least not right away.” It’s hard to know what the big institutional investors were thinking when Bakkt opened up shop for the first time. But, given the fact that the platform is dealing with a volatile asset class, which has a nebulous regulatory status, it’s no surprise that many high rollers are playing wait-and-see. If there’s one lesson to be learned from Bakkt’s trading today, it’s that the cryptocurrency space still has a tendency towards overblown expectations.  Institutional investors were never going to dive headfirst into an unfamiliar asset. A cautious start to Bakkt’s futures today is a good sign, indicating that the majority of investors are still playing it safe.   The post Late Bloomer: Why Bakkt’s Slow Start Is No Surprise appeared first on Crypto Briefing.

Bakkt’s Bitcoin Futures Goes Live: Should You be Excited?

Over the past few years, the Bitcoin futures ecosystem has grown at a remarkable pace, and it is something that is surely going to stay for years to come. Initially, these futures contracts had been launched by a handful of exchanges, but over the past year or so, the number has increased considerably. Futures Trade In a development that will come as another massive boost to the Bitcoin and cryptocurrency ecosystem, the New York Stock Exchange’s owners, ICE, through its crypto exchange Bakkt has decided to launch futures contracts that will pay out traders in Bitcoins. ... ﾿ Read The Full Article On Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Tezos [XTZ] Jumps Over 4% Amids Binance Listing; CZ Hints Tezos Staking

Binance recently announced the listing of Tezos with pairs of Bitcoin(BTC), Tether(USDT) and Binance Coin(BNB).  Will Binance Enable Tezos Staking? As Per a recent tweet by Binance, it has listed Tezos and it can be paired with USDT, BTC, and BNB. Following the announcement, users can start depositing Tezos on their accounts, while the launch of trading is scheduled for the 24th of September. Source- Twitter CZ then further created hype by asking the community that did they not what was coming next. A user suggested that does the move imply Tezos staking. While CZ didn’t give a definite answer, he expressed his excitement with a “happy” emoji.  Source- Twitter The Tezos official website defines Tezos as,  “ Tezos is a self-amending blockchain that can evolve by upgrading itself, with stakeholders being able to vote on amendments to the protocol, including amendments to the voting procedure itself.” Binance. US Opens Doors for Cardano, Ethereum Classic and Stellar  Today, Binance.US opened deposits for Cardano (ADA), Basic Attention Token (BAT), Ethereum Classic (ETC), Stellar (XLM) and 0x (ZRX). Trading for these coins will begin on September 25, 2019, at 9:00 AM EST /6:00 AM PST. The announcement further mentions that the coins are temporarily only available for deposits and withdrawals will not be enabled until trading is live. Source- Twitter Also, Binance.US will commence trading on September 24, 2019 at 9:00am EST / 6:00am PST. The launch will see Binance.US list Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB) and Tether (USDT). These coins will be available for trading across 13 fiat-to-crypto and crypto-to-crypto trading pairs.  Source- Twitter Binance Announces 6th Phase of Lending Products In yet another update, Binance announced its 6th phase of lending products. The launch will take place on the 25th of September. In the sixth phase of Binance’s lending initiative, users will be able to lend Binance Coin(BNB), Bitcoin(BTC), EOS, Ethereum Classic(ETC), Ethereum(ETH), ChainLink(LINK), Tether(USDT) and Ripple(XRP) to earn interests payable from Sep. 25 to Oct. 09.  Traders are in for huge benefit as Binance. US enables trading. Will Binance continue to keep the crypto community happy with its developments? Let us know, what you think? The post Tezos [XTZ] Jumps Over 4% Amids Binance Listing; CZ Hints Tezos Staking appeared first on Coingape.

Nicholas Merten: Now Is the Time for Ravencoin, BAT and Chainlink

YouTube star Nicholas Merten is a fan of crypto, but like everyone else, he’s noticed the gradual downplay of bitcoin as of late. Once again, bitcoin has dropped below the $10,000 mark and is trading for just over $9,800. While this isn’t a major fall, the currency seems to have wavered between this mark and $10,200 over the past month. Merten: Altcoins Are Making a Comeback Merten isn’t concerned by this. In fact, he’s looking to use the situation to his advantage, and advises others to do the same. As the host of YouTube’s “Data Dash,” arguably one of the most popular cryptocurrency channels on the streaming and video site, Merten claims that there are three specific cryptocurrencies that are likely to shoot up now that bitcoin is wavering if people are looking to invest. Those cryptocurrencies are Basic Attention Token (BAT), Raven Coin (RVN), and Chain Link (LINK). In a recent interview, he states that these three tokens are likely to grow heavily over the next 12 months, explaining:  At the current moment, looking at [bitcoin] market dominance, it does look like we’re starting to enter into a trend shift where altcoins can start to gain as we retest back towards bitcoin’s high of $20,000. The last two [altcoin cycles] that we had were at the end of the overall bitcoin cycle where bitcoin reached $20,000. The first one happened at the beginning of 2017 when bitcoin retested its high at $1,100. For the most part, altcoins have had a relatively rough year in 2019. Bitcoin on the other hand, has experienced steady growth since April, doubling its price since then from $5,000 to about $10,000. While many have focused on bitcoin as of late, Merten says he’s starting to see funds travel into smaller, competing coins. He says:  As bitcoin does increase over time, as we tend to see a general growth in bitcoin’s price, we tend to see more risk taking in different types of digital assets. As more liquidity has entered bitcoin, you have the ability now, through exchanges, for that liquidity to exit into other alternative investments. Sometimes, that can be rampant speculation, and in other cases, it can be driven through fundamentals. I believe this time around, in this cycle, we’re going to see more going toward fundamental developed projects that actually have real demand.  Why These Three and Not Others? Chain Link is big in that it’s joined software company Oracle to help blockchains connect with outside networks. Raven Coin is significant because it allows developers to establish their own tokens, while BAT is moving forward in that it is attached to the Brave browser, which seeks to block advertisements and trackers from following one’s searches and online activity. Merten is confident BAT will be very important in the field of privacy. The post Nicholas Merten: Now Is the Time for Ravencoin, BAT and Chainlink appeared first on Live Bitcoin News.
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