Winklevoss brothers’ cryptocurrency exchange Gemini continues expanding in Europe, announcing new regulatory approvals in Italy and Greece. Gemini has registered as a virtual currency operator with Italy’s payments services regulator, the Organismo Agenti E Mediatori (OAM), the firm announced on Nov. 30. The crypto exchange has also received registration as a custodial wallet provider and provider of virtual currency exchange with Greece’s Hellenic Capital Markets Commission (HCMC). According to official data, the OAM registration was issued on Nov. 3, while the HCMC granted its approval to Gemini on Nov. 7. The new registrations, combined with Gemini’s electronic money institution authorization …

Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, has stepped down from the European company board of directors, according to a Companies House filings from Oct. 12. As indicated in a statement sent to local press, Cameron continues to lead Gemini's global operations alongside his twin brother Tyler Winklevoss: “We can confirm this change was filed with Companies House and brings local leadership onto the board of directors to reflect the growth of Gemini's business in the UK and Europe. Cameron and Tyler Winklevoss continue as President and CEO at Gemini.” As per filings, Gillian Lynch, the head of Gemini in …

The Winklevoss twins’ crypto exchange Gemini will allocate capital from its $400 million funding round into building a “Gemini experience in different Metaverses.” Gemini announced that it had closed a $400 million equity growth funding round at a valuation of $7.1 billion on Nov. 18, marking the first time the firm had sought outside financing. Morgan Creek Digital led the round with participation from 10T, ParaFi, Newflow Partners, and Marcy Venture Partners to name a few. Notably, the Commonwealth Bank of Australia (CBA) — which also partnered with Gemini to launch the first crypto trading services offered by a big …

Bitcoin billionaires Tim Draper and the Winklevoss twins have backed a startup dubbed “Colossal” that is aiming to resurrect woolly mammoths as part of the effort to fight climate change. The “de-extinction”-focused bioscience firm closed a $15-million funding round on Monday that was led by Legendary Pictures founder Thomas Tull. The round also included participation from Peter Diamandis of Bold Capital, Jim Breyer of Breyer Capital, and Tony Robbins, a famous “self-help guru” with a net worth of around $500 million. Colossal was founded by Harvard genetics professor George Church and entrepreneur Ben Lamm. The firm’s landmark de-extinction project will …

Gemini exchange co-founder Cameron Winklevoss has stated that the company expects to overtake the current largest crypto exchange by volume, Binance, predicting its emphasis on compliance will win out as regulators increasingly crack down on unregulated exchanges. As reported by Bloomberg on Monday, Cameron Winklevoss emphasized the importance of adhering to regulators’ demands, stating that Gemini is “playing the long game:" “We’re trying to be the fastest tortoise in the race. The long game pays off over time.” The comments come as Binance faces increasing regulatory pressure, with the United Kingdom’s Financial Conduct Authority telling Binance that it wasn’t authorized …

The Tyler and Cameron Winklevoss-owned Gemini exchange announced a major milestone on Tuesday, as total cryptocurrency held in custody surpassed $25 billion for the first time. In charting its impressive growth, Gemini touted growing participation from institutional investors over the past year. Gemini Custody’s assets have more than doubled since the start of 2021. “Our custodial services are used by some of the worlds largest asset managers including BlockFi, Blockchange CoinList, CI Global Asset Management, DAiM, BTG Pactual, Caruso, Eaglebrook Advisors, and WealthSimple,” the company said in a statement. The outspoken Tyler Winklevoss tweeted about the milestone on Tuesday: .@Gemini …

The price of Filecoin's native FIL token has rallied by more than 40% in the past 48 hours, spiking from $53.538 to as high as $75 across major exchanges, reaching its highest point since October 2020. FIL is now the 22nd-largest cryptocurrency, with a market capitalization of over $4 billion. However, its circulating supply is 58 million, or just 3% out of a maximum total of 2 billion. There are two possible reasons behind its uptrend, namely its fundamentals such as the growth of its storage capacity and transaction volume in addition to interest from investors, exemplified by the addition …

Throughout 2020, more than a handful of traditional financial giants have picked up stacks of Bitcoin (BTC), including the likes of billionaire Paul Tudor Jones and business intelligence firm MicroStrategy. These investments are part of a flow of big money entrances into BTC, Gemini crypto exchange co-founders Tyler and Cameron Winklevoss recently said. “This is the most sophisticated investors, the smartest people in the room, buying the Bitcoin quietly, so it’s not a FOMO [fear of missing out] thing,” Tyler said in a CNBC interview, published on Friday. Major institutions are here for this go-round, as opposed to Bitcoin’s retail-led …

Speaking during the Singapore Fintech Festival 2020 on Dec. 7, pioneering Bitcoin (BTC) investors Cameron and Tyler Winklevoss reaffirmed previous forecasts that Bitcoin’s price will eventually exceed prices of $500,000 per Bitcoin. The twins noted that their $500,000 prediction is predicated on the assumption that Bitcoin’s market cap will increase by 40 times to surpass gold’s roughly $9 trillion market cap in the future. Cameron pointed to the “tremendous amount of money-printing going on” in debt and fiat regimes, and concerns surrounding inflation as driving up demand for “hard assets” like gold and Bitcoin. Cameron states that Bitcoin offers significant …

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 …

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 …