Gemini, a major cryptocurrency exchange founded by the Winklevoss twins, has launched its crypto credit card. The company officially announced Thursday that its Gemini Credit Card is available in the United States across all 50 states. The new card is issued by the state-chartered industrial bank WebBank and features Mastercard as the exclusive card network.…
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Major cryptocurrency loan company Nexo has officially launched a crypto-backed Mastercard card enabling users to pay for services with cryptocurrencies like Bitcoin (BTC) without selling their crypto. Nexo has partnered with Mastercard and the peer-to-peer payment startup DiPocket to launch the Nexo Card, a crypto card allowing cardholders to use their crypto as collateral rather…
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The Russian prime minister declared that the cryptocurrency holdings of Russians are worth billions of dollars but the government is yet to adopt a regulatory framework for the industry. Russians collectively hold more than 10 trillion rubles ($130 billion) in cryptocurrencies like Bitcoin (BTC), Russian prime minister Mikhail Mishustin claimed at the annual report presentation…
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San Francisco-based e-commerce startup Bolt is moving into cryptocurrencies and nonfungible tokens (NFTs) by acquiring fiat-to-crypto and payment infrastructure firm Wyre. According to a joint announcement on Thursday, Bolt has reached definitive agreement to acquire Wyre, aiming to close the deal later in 2022. According to a report by The Wall Street Journal, the acquisition…
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Binance.US, the American partner of Binance, the world’s largest cryptocurrency exchange by trading value, has completed its first-ever external funding from investors like Circle Ventures. Binance.US has raised more than $200 million in a seed round to reach a pre-money valuation of $4.5 billion, the firm announced to Cointelegraph on Wednesday. Circle’s venture arm Circle…
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Sam Bankman-Fried’s cryptocurrency exchange FTX continues aggressively investing in traditional finance, with the United States-based affiliate FTX US investing in Investors Exchange (IEX), a U.S. national stock exchange. FTX US has signed an agreement to make a strategic investment in the IEX’s operator IEX Group to jointly establish a market structure for buying, selling and…
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The cryptocurrency hardware wallet provider Ledger has partnered with The Sandbox blockchain game to promote crypto education in its virtual world. Ledger’s chief experience officer Ian Rogers announced the news at the Non-Fungible Conference (NFC) on Monday. He said that the new partnership aims to bring security into The Sandbox’s world and also provide Ledger…
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The number of cryptocurrency owners has massively increased last year, with nearly half of all owners worldwide buying crypto for the first time in 2021, according to a new report. Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has polled about 30,000 respondents in 20 countries between November 2021 and February 2022 to…
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Cryptocurrency investment firm Galaxy Digital has not managed to finalize the acquisition of the digital asset custodian BitGo in the first quarter of 2022 as the firm originally planned. Galaxy Digital has made some changes to the terms of its acquisition of BitGo, CEO Mike Novogratz announced in an earnings call on Thursday. “We’ve adjusted…
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As Russia continues to work on new regulations for the cryptocurrency industry, the Russian Ministry of Finance has expressed fresh support for Bitcoin (BTC) mining. Russia should encourage the development of industrial-level cryptocurrency mining in the country, the Ministry’s director of the financial policy department Alexey Yakovlev urged. There’s also no point in banning retail…
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