Bitcoin (BTC) is getting most of its price support from the Federal Reserve itself, entrepreneur Tyler Winklevoss believes. In a tweet on Aug. 25, the Gemini exchange co-founder argued that Fed policy is and will continue to bolster Bitcoin’s fortunes. Inflation boost is a Bitcoin boost The reason, Winklevoss said, is that the fallout from coronavirus containment measures across the United States’ economy will mean that the central bank accidentally makes Bitcoin more appealing and the dollar less so. On Thursday, Fed chairman Jerome Powell will deliver a speech that commentators expect will contain an announcement on letting inflation rise …

Many crypto heavyweights use Twitter as their primary tool for sharing information (or even misinformation) about their own projects or other interesting subjects. Some of them even consider Twitter engagement their most important performance indicator. We decided to put the Twitter habits of the crypto elite under a microscope to get a better sense of how they actually engage with the popular social media platform. Android, Apple or Web? For our analysis, we picked 13 crypto entrepreneurs (we measured each Winklevoss twin’s habits independently). To make our list, the subjects had to be actively running a crypto business and command …

After recently entering the crypto space, Barstool Sports founder turned stock trader, Dave Portnoy, seems as though he is not quite ready for Bitcoin (BTC) trading yet. "I'm getting killed right now in Bitcoin," Portnoy said in an Aug. 21 video posted on Twitter. "It took me months to figure out the stock market, I admit that," he said. "I went in, I lost money — that's what's happening in Bitcoin," he added, noting his unwillingness to mess around with the asset to figure it out, stating a lack of available time. Portnoy also went on to call Chainlink (LINK) …

BlockFi, a major American cryptocurrency lending startup, has completed another funding round featuring major industry investors. The company has raised $50 million in a Series C round led by Anthony Pompliano’s crypto asset management firm Morgan Creek Digital, BlockFi announced on Aug. 20. Also known as Pomp, Morgan Creek’s co-founder Pompliano is joining BlockFi’s board of directors following the investment. The appointment comes after Morgan Creek participated in all three of BlockFi’s funding rounds over the past 12 months, including the $18 million Series A round in August 2019 and the $30 million Series B round in February 2020. The …

Following his recent educational foray into the world of Blockchain, Barstool Sports founder Dave Portnoy now appears to be promoting crypto pump and dump schemes by shilling low-cap altcoins. Posting a number of videos on Twitter, Portnoy stated that he had found a new altcoin “that I’m interested in,” but wouldn’t disclose which crypto it was yet. He reasoned that he didn’t want people to buy it before he did. He later tweeted that he had diversified some of his crypto holdings into the altcoin Orchid, which he referred to as “the shitcoin OXT,” adding that Orchids “never die.” Portnoy …

Gemini, a major cryptocurrency exchange founded by the Winklevoss brothers, has just added support for three new fiat currencies on its platform. According to an official announcement on Aug. 17, Gemini now allows users to trade in the Hong Kong dollar (HKD), the Australian dollar (AUD), and the Canadian dollar (CAD). The three new fiat currencies come in addition to the United States dollar, allowing Gemini users in Hong Kong, Australia, and Canada to buy and sell crypto with native currencies. However, HKD, AUD, and CAD are currently not offered through Gemini’s crypto trading platform known as the Active Trader …

The Winklevoss Twins suggested that Bitcoin (BTC) is a better investment than gold because the metal’s supply will increase after Elon Musk starts mining asteroids. In an interview with internet personality and Barstool Sports founder David Portnoy, the Winklevoss Twins claimed that Bitcoin is a better investment than gold because gold does not have a fixed supply: “There’s billions of dollars of gold floating in asteroids around this planet, and Elon [Musk] is gonna get up there and start mining gold. [...] That’s why gold is a problem, because the supply isn’t fixed like Bitcoin.” Portnoy reasonably asked, "Is that, …

Barstool Sports founder, Dave Portnoy, posted a video of his meeting with Gemini exchange founders, Tyler and Cameron Winklevoss, on Twitter. Portnoy, also known as Davey Day Trader on Twitter for his stock trading antics, recently invited the Winklevoss twins over to his house to teach him about Bitcoin, via an Aug. 4 tweet. After briefing Portnoy on the basics, the twins guided the Twitter trader through a few purchases on Gemini, using the $250,000 he statedly sent to the exchange before their arrival. The trio even discussed Chainlink (LINK) after Portnoy inquired about the asset. Following his fresh crypto …

Nifty Gateway, a leading marketplace for nonfungible tokens with the backing of the Winklevoss brothers, recorded its largest-valued auction to-date on July 23 when the digital artwork and NFT “Picasso’s Bull” sold for $55,555.55. The milestone comes as benefits of fractionalized ownership, decentralized provenance verification and the global liquidity pool enabled by blockchain technology are enticing both art creators and investors to explore NFTs. A surreal couple of days. #NFT art records broken by Picasso's #Bitcoin Bull. Huge excitement & now followed on Twitter by people like @JWilliamsFstmed @tylerwinklevoss @APompliano 🤯 I do enjoy a challenge but I'm feeling the …

The United States’ failure to agree on Coronavirus stimulus shows that the dollar is “funny money” and endorses Bitcoin (BTC), says Cameron Winklevoss. In a tweet on Aug. 6, the Gemini exchange co-founder delivered a damning appraisal of the lack of progress in Washington to deliver more financial aid. A “wake-up call and endorsement of Bitcoin” Talks between Democrats and Republicans were “on the brink of collapse,” CNN reported on Friday, as the two sides’ desired stimulus totals differed by several trillion dollars. For Winklevoss, the idea that politicians could plan for the same goal with wildly varying sums of …

The Winklevoss-backed marketplace for non-fungible tokens (NFTs) and digital art Nifty Gateway recorded its largest-valued NFT transaction to-date during an auction two weeks ago. On July 23, artist Trevor Jones’ one-of-a-kind piece ‘Picasso’s Bull’ sold for $55,555.55 to Pablo Rodriguez-Fraile of the Museum of Crypto Art (MOCA) on Nifty. The marketplace describes the transaction as “shattering all previous records for the sale of a digital artwork in the form of a non-fungible token” in an August 5 blog post revealing the sale. Cointelegraph spoke to Jones to learn about his journey with crypto and NFTs. Jones discovers crypto in 2016 …

Popular Twitter personality Dave Portnoy, famous for his motto “stocks only go up,” now wants to learn about Bitcoin (BTC) from Gemini co-founders Tyler and Cameron Winklevoss. In a Twitter clip extracted from his latest daily show on August 4, Portnoy tells the Winklevoss twins he’d like them to “explain Bitcoin in a way that I would understand,” he said. Portnoy stressed that he wants them to come in “their little rowing outfits,” in a reference to the movie The Social Network, where they were shown competing in Harvard’s rowing team. Both Tyler and Cameron accepted the invite shortly after. …