Gemini is a cryptocurrency that is pegged at the value of the US dollar. It gives people an easier way to receive and send US dollars across the world with low fees. Similar US dollar-linked cryptocurrencies already exist, but Gemini stands out because it
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Crypto exchange Gemini today went down in a server outage for less than an hour, the platform said on Twitter. The exchange earlier today told customers that its Earn program lending partner, Genesis, was pausing withdrawals. It was curious timing, then, when Gemini just hours later went down due to an “Amazon Web Services EBS outage,” it admitted on Twitter. Gemini reassured users that customer funds were safe. It later said the service was back up and running—and that users could make withdr...
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The Bitcoin billionaire brothers who made a fortune off of Facebook have decided to finally raise outside capital. Gemini, the cryptocurrency platform and exchange founded by twins Cameron and Tyler Winklevoss, has announced $400 million in funding in a round led by Morgan Creek Digital. Jay Z's Marcy Venture Partners, the Commonwealth Bank of Australia, 10T, Newflow Partners, and ParaFi also contributed. The growth equity round rockets the value of Gemini to $7.1 billion. While that's one-tenth...
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If you trade on the Gemini cryptocurrency exchange, you’ll soon have a way to get crypto in your account without placing a buy order. Gemini has partnered with Mastercard on its Gemini Credit Card, due out this summer. The company promises up to 3% cash back on just about every swipe. Although holders spend in dollars, they’ll get a portion of it back in Bitcoin or over 30 other cryptocurrencies on the exchange, including Ethereum, Dai stablecoin, and Uniswap's UNI token. Gemini says rewards wi...
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Gemini, the crypto exchange and custodian empire run by Cameron and Tyler Winklevoss, today announced that it has hired a new managing director for its Asia Pacific region. The new hire will head its expansion into Asia, the latest stop on Gemini’s whirlwind tour around the world. The Winklevii are two of the biggest Bitcoin investors. Image: Shutterstock. Jeremy Ng, from Singapore, will report directly to Cameron Winklevoss, one half of the square-jawed duo—both Harvard and Oxford business sch...
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From the time it opened in 2015 until this spring, Gemini had only ever offered a few popular and time-tested coins: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Zcash. Then, this year, the exchange nearly doubled its dollar-crypto trading pairs, adding Orchid Protocol (OXT), DAI, Chainlink, and BAT–while skipping over mainstays like EOS and Ripple's XRP. As exchange co-founder Cameron Winklevoss alluded to in a Consensus: Distributed interview today, supporting new cryptocurrencies isn't the...
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The Winklevoss twins are taking legal steps to help their exchange and stablecoin compete in a crowded market. The US Patent and Trademark Office granted six patents to Winklevoss IP, LLC between August 6, 2019, and January 21, 2020, for generating a stablecoin on a blockchain, modifying its supply, and paying dividends. The patents should allow the twins' Gemini Trust Company to sell new types of blockchain-based financial instruments. It's easy to see why the Winklevoss twins would be patenti...
Coins
Cryptocurrency payments firm BitPay now processes payments made using three stablecoins—Circle’s USD Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX). Minimum settlement amounts are 20 GUSD and 20 USDC, meaning merchants will be able to process crypto payments equal to these amounts or greater across BitPay’s product suite. BitPay adds support for Ethereum BitPay’s announcement today comes just two months after revealing it would soon enable merchants to accept Ethereum as pay...
Coins
Cameron and Tyler Winklevoss, the twins known for coming up with the idea for Facebook, have announced the expansion of their crypto-exchange Gemini to Australia. Australian users can now trade in Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Zcash on the exchange. The expansion into Australia takes Gemini’s exchange into its sixth country, joining Canada, South Korea, Hong Kong, Singapore, and the UK. However, the company’s stablecoin, Gemini, will not be available to Australian customers–only...
The Coins
Bitcoin’s epic rise and fall in 2018 showed just how volatile cryptocurrencies can be. It triggered a flurry of news articles that questioned if Bitcoin could survive such a crash. And if so, would anyone invest in it again? The biggest players in this space know that the way to restore legitimacy, and gain more widespread adoption, is attracting more traditional institutions. But these institutions have two main concerns: regulation and management. They want investments are federally compliant,...
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