Tyler and Cameron Winklevoss, the founders of the Gemini cryptocurrency exchange, have obtained six stablecoin-related patents, according to filings with the United States Patent and Trademark Office. Three of the patents — the first, second and the fifth on the list — all describe systems for changing the supply of a public blockchain-based stablecoin. The first patent describes how trusted third parties such as exchanges or banks can generate the asset, also on-demand. Stablecoins as a part of traditional finance Two of the patents — the third and sixth on the list — describe a system for creating a stablecoin …

Gemini Europe — the United Kingdom and EU affiliate of the Winklevoss twins’ United States-based crypto exchange Gemini — has appointed a new chief compliance and money laundering reporting officer. As part of the firm’s expansion into the transatlantic market, the new appointee, Blair Halliday, will oversee Gemini Europe’s compliance program in the region. A press release published on Jan. 28 revealed that Halliday will be based in London and report directly to Gemini's managing director of the U.K. and Europe, the former Sterling Bank executive Julian Sawyer. A career tackling financial crime Halliday formerly served as chief compliance officer …

The news that WisdomTree, a major asset manager with $63.8 billion in assets under its belt, plans to launch a regulated stablecoin — pending approval from the United States Securities and Exchange Commission — could be a significant development. It would bring a unique combination of being an enterprise level and having financial regulatory experience to the stablecoin arena — and if talks with the SEC go well, perhaps even the first U.S.-regulated crypto exchange-traded fund. The stablecoin will be pegged to a basket of assets such as gold, fiat currencies and government debt, Cointelegraph reported on Jan. 12. However, …

TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from the Winklevoss twins’ family office, Winklevoss Capital. In a Jan. 6 announcement, TaxBit said that it plans to use the raised funds to enhance its software products on an international scale as its tax reporting tool has amassed thousands of everyday crypto users so far. Specifically, the Utah-based firm is planning to accelerate customer growth both in the U.S. and in regions like Canada, United Kingdom and Australia, TaxBit noted. TaxBit’s crypto tax reporting tool is backed by a team of CPAs, …

A new collaboration between financial services firm State Street Corporation and the Winklevoss’ Gemini cryptocurrency exchange will launch a reporting pilot for cryptocurrency holdings under custody. Per a press release published on Dec. 17, the two entities launched a new pilot that would combine Gemini Custody — the exchange’s custody wing — with State Street’s back-office reporting. The project enables users to consolidate the reporting of their digital assets processed by Gemini with their traditional assets serviced by State Street. Small, but growing demand Initially, the pilot will produce reports on two cryptocurrencies chosen for liquidity reasons within Gemini Custody. …

The Winklevoss twins’ Gemini exchange has made its first-ever acquisition by purchasing the Nifty Gateway platform, which enables users to buy and manage non-fungible tokens (NFTs). Tyler Winklevoss revealed the acquisition in a Nov. 19 blog post, detailing that so-called “nifties” are a unique asset or good on a blockchain that differ from other cryptocurrencies as they are one-of-a-kind and thus not interchangeable. Nifties’ features make them ideal as a base for crypto-collectibles and crypto-art, according to Winklevoss. Because all collectibles will migrate onto blockchain Currently, the Nifty Gateway platform allows users to buy nifties with a credit or debit …

Cameron Winklevoss — one half of the eponymous family office Winklevoss Capital and co-founder of the Gemini crypto exchange — says Bitcoin’s (BTC) possibilities go beyond digital gold. In a tweet posted on Oct. 23, Cameron argued that: “Because Bitcoin is open source software, its possibilities are boundless. I often talk about gold as a target market cap, but that's really just the beginning...it's digital gold, source of truth, etc…” A shared, single “source of truth” Cameron’s argument aims at going beyond the commonplace analogy of Bitcoin with gold, whose proponents compare the scarcity of the precious metal with Bitcoin’s …

Bitcoin (BTC) bull and co-founder of Gemini crypto exchange Cameron Winklevoss has noted that the volume of negative interest bonds accounts for $17 trillion and has urged the public to buy Bitcoin. In an Oct. 17 tweet, Winklevoss wrote: “$17 trillion dollars are currently held in negative interest bonds. 17 trillion reasons why you should own bitcoin.” How to move such a volume to BTC? In a series of comments to the tweet, one of the users argued that “migrating this over to Bitcoin is a huge challenge,” to which Winklevoss asked which challenges they are referring to, further stating …

The Winklevoss brothers-led Gemini crypto exchange has introduced its new clearing and settlement product Gemini Clearing. No OTC desk on Gemini Gemini announced the new clearing and settlement solution in a blog post on Sept. 5, explaining that the Gemini Clearing allows traders to negotiate off-exchange or over-the-counter (OTC) crypto trades using Gemini accounts. Gemini Clearing is a fully digital platform providing regulated clearing and settlement services for pre-arranged off-exchange or OTC trades, which intends to reduce counterparty risk as well as ensure immediate settlements. The post clarifies that the Gemini does not have an OTC trading desk. Brokers allowed …

The Winklevoss brothers’ cryptocurrency exchange Gemini has hired Noah Perlman, a former executive at financial services giant Morgan Stanley, as its new chief compliance officer. Per an official announcement published by Tyler Winklevoss on Sept. 4, Perlman joined Gemini after 13 years at Morgan Stanley, where he worked as global head of financial crimes and global head of special investigations. Legal and compliance background The announcement said Perlman had “firm-wide, legal and compliance responsibility for the governance, oversight, and execution of the firm’s anti-money laundering, sanctions, anti-boycott, anti-corruption, and government and political activities programs.” According to Perlman’s profile on LinkedIn, …

New York-based cryptocurrency exchange Gemini has introduced a sub-accounts feature for institutional customers — enabling the creation of unlimited multiple accounts under one master account. In a Sept. 3 announcement, the company led by Cameron and Tyler Winklevoss claimed to be the world’s first crypto exchange and custodian to support such an option. “Most commonly requested feature” Once a user creates a set of sub-accounts, they can segregate trading strategies, funds and end customers, as well as earn volume-based trading fee discounts in a simpler way. The announcement further explained: “Each sub-account can have its own distinct set of users …

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is joining crypto-friendly bank Silvergate’s Silvergate Exchange Network (SEN) to speed fiat transfers. Real-time fiat money transfers Gemini announced the move in an official blog post on Aug. 27. According to the announcement, the main benefit of the exchange’s partnership with Silvergate is that Gemini’s institutional investor clients can withdraw and deposit United States dollars from their accounts at any time. This is already the industry standard for cryptocurrencies, but not for fiat money, per the report. Additionally, the announcement states that Gemini is integrated into SEN’s application programming interface (API). …