While it’s still widely regarded as being safer to hold one’s own funds than entrust them to an exchange, Gemini’s standards suggest it may be angled as more of an actual cryptocurrency custodian than other exchanges.
Popular crypto bulls and co-founders of Gemini Exchange, the Winklevoss Twins, have predicted that in two years, all the FAANG companies will follow Facebook’s footsteps and launch their individual cryptocurrency ventures.
Gemini, the Winklevoss brother owned cryptocurrency company, has recently applied for a FINRA broker-dealer license. This is a healthy step towards allowing their customers to lawfully swap digital securities.
Winklevoss twins have never been friends to Mark Zuckerberg, whom they previously accused of stealing their idea for Facebook winning $65M settlement as the result. Now, given recent Libra release, the twins feel more like being “frenemies”.
Facebook is in talks with the U.S CFTC to find out whether its GlobalCoin project will fall under the agency’s regulatory requirements.
Facebook is giving an aggressive push to its crypto plans while having a word with crypto exchanges and high-frequency trading platforms. The company plans ahead to make major inroads in the online payments industry.
Professional crypto trader and writer Bill Adams takes a look the biggest developments in the Bitcoin ETF saga, unveiling the chances for eventual ETFs approval in 2019.
Forbes has published its 2019 Fintech 50 list which features six blockchain companies that have been steadily developing and innovating.
Mike Novogratz, CEO of Galaxy Digital, admitted that the crypto market would need more time to recover than he had predicted earlier.
Successfully passing the examination, Gemini confirmed its status of a company with a high level of security compliance in protecting customer data and funds.