Not one to mince words, Tyler Winklevoss reportedly told the business network CNBC that “Cash is trash.” In his view, it’s only a matter of time before investors dump the dollar and other fiat currencies for BTC: “At some point, it is hard to look at those data points and say that Bitcoin isn’t an incredible store of value.” His twin brother Cameron Winklevoss also said that Bitcoin (BTC) “just needs to be better than gold” to see its value rise to remarkable levels. The twins, who run the United States-based cryptocurrency exchange Gemini, believe BTC will eventually hit $500,000 …

The United States Federal Reserve is still unintentionally advertising Bitcoin, as Chair Jerome Powell argues for more money printing. In a tweet on Nov. 6, Tyler Winklevoss, co-founder of crypto exchange Gemini, said that Powell’s latest speech this week was “code for buy Bitcoin.” Powell: Congress should agree to more stimulus Powell was addressing a news conference, which followed the Fed’s Nov. 5 meeting on the state of the economy and future measures. As before, he reiterated that the central bank had not exhausted its range of tools for supporting the economy. These have so far included heavy interventions in …

American cryptocurrency exchange Gemini is partnering with tax compliance firm TaxBit to help its customers treport their crypto taxes with TaxBit’s Tax Center Suite solution. Tyler Winklevoss, CEO of Gemini exchange, said that TaxBit’s software will help reduce the “pain point of crypto tax,” enabling users to track the real-time tax impact on their crypto trades on Gemini. According to the announcement, the tool will also allow customers to potentially increase their tax refund and lower their tax liability, providing trade alerts when tax-saving opportunities are available. TaxBit’s Tax Center Suite solution is the first crypto tax-related tool that Gemini …

Gemini crypto exchange founders Tyler and Cameron Winklevoss said that Bitcoin (BTC) will eventually hit $500,000 per coin during a recent interview with podcast host Peter McCormack. “The question in our mind is not so much does it get to $500,000, but how quickly,” Tyler told McCormack during the Oct. 23 podcast episode. His thesis takes the market cap of gold and theoretical central bank allocation into consideration. "I would sort of contend that $500,000 Bitcoin is actually pretty conservative and the game hasn't even really started," Cameron noted. MicroStrategy and others buying significant amounts of Bitcoin for their treasury …

Canadian digital asset manager 3iQ has recorded a major milestone fo its public Bitcoin (BTC) fund. The Bitcoin Fund — Canada’s first Bitcoin fund listed on a major stock exchange — has crossed the $100 million market cap threshold, 3iQ announced in an Oct. 20 tweet. Tyler Winklevoss, a major cryptocurrency investor and a co-founder of United States’ Gemini crypto exchange, congratulated 3iQ on the milestone. Big Milestone. The #Bitcoin Fund by @3iq_corp that trades publicly on the Toronto Stock Exchange under $QBTC.U, just passed the $100 million mark. Onward! — Tyler Winklevoss (@tylerwinklevoss) October 21, 2020 As previously reported, …

The Winklewoss twins' crypto exchange Gemini is continuing to consolidate its regulated services for clients in the United Kingdom. On Oct. 12, Gemini announced a partnership with BCB Group — a European crypto-focused payment processor that already works with major platforms such as Coinbase, Bitstamp and Galaxy Digital. BCB Group is focused on institutional payments services and offers business accounts and crypto market liquidity for "crypto-engaged" financial institutions. The Group's core subsidiary was officially approved by the Financial Conduct Authority as an authorized payment institution (API) earlier this year. Collaborating with BCB is intended to provide Gemini's clients in the …

Major American cryptocurrency exchange Gemini is expanding the company’s business in the Asia-Pacific region with a new high-profile hire. Andy Meehan, a former executive at major American investment bank Morgan Stanley, has joined Gemini as chief compliance officer of the APAC region. Announcing the news on Oct. 7, Gemini executives noted that Meehan will work with regulators to promote smart regulations that drive adoption. Formerly head of legal for Morgan Stanley’s global financial crimes division in the APAC, Meehan will now shape strategy, product and operations of Gemini in the region. The new Gemini CCO will be based in Singapore …

A 21-year-old social media star famous for his TikTok videos is entering the crypto space, guided by Bitcoin bull Anthony ‘Pomp’ Pompliano. Bryce Hall has launched a finance podcast with Pompliano called “Capital University”. Unlike Pomp’s regular podcast, which is focused on business, investing, and promoting Bitcoin (BTC), the joint venture will cross the generational divide, as the 32-year-old Pomp learns how social media influencers are making money, while Hall learns tips about building generational wealth through investment strategies. “I just want to highlight the power and importance of diversification,” Hall told Cointelegraph. “I do believe crypto is its own …

Gemini, a cryptocurrency exchange founded by the Winklevoss twins, aims to improve user privacy with a major privacy token, Zcash (ZEC). Starting Sept. 29, Gemini will support shielded withdrawals of ZEC, which allows users to hide their transaction data. Gemini representatives said that the new feature is the “first time shielded ZEC withdrawals are available on a regulated exchange.” The new option comes in line with Gemini’s mission to strengthen financial privacy and “empower the individual through crypto,” Gemini executives said. Launched in 2016, Zcash is a major privacy-focused cryptocurrency, enabling two user privacy levels through two types of addresses …

The crypto industry has boasted tremendous growth over the past year, largely thanks to the decentralized finance, or DeFi, boom. Some believe that the DeFi sector resembles the initial coin offering, or ICO, bubble of 2017. Others disagree, noting that the two eras are demonstrably different. "At least in the 2017 ICO bubble there was effort made to come up with an idea to write a white paper on," derivatives trader, financial analyst, and YouTube host Tone Vays told Cointelegraph. "In the world of yield farming, you don't even need to do that, you just print money and give it …

Wealthsimple Crypto, the first regulated cryptocurrency exchange in Canada, is rolling out its trading platform to the public today. Starting from Sept. 22, users in all 13 provinces and territories in Canada will be able to sign up for the new product and start trading cryptocurrencies. At the launch, Wealthsimple Crypto will allow users to buy and sell Bitcoin (BTC) and Ether (ETH) through the platform’s mobile app. Deposits and withdrawals can only be made in Canadian dollars, The public launch of Wealthsimple Crypto comes shortly after the company received regulatory approval from Canadian securities regulators on Aug. 7. To …

According to Tyler Winklevoss, co-founder of the Gemini crypto exchange, Bitcoin beats gold at its own game. "Bitcoin is better at being gold than gold — and not just incrementally, but by an order of magnitude or 10X better," Winklevoss said in a Sept. 21 tweet. Over the last decade or so, Bitcoin has risen dramatically in price, surpassing numerous landmark price comparisons along the way. For many, it is now seen more as a store of value than a transactional currency, and the public often compares the digital coin against gold; a time-tested method of value storage used for …