The catalyst for Bitcoin was very much the financial crisis of 2008 and the catalyst for privacy is the age or the dawn of the age of AI. Bitcoin really proved out the concept of decentralization and non-government money in a big way, but there's more work to be done. Bitcoin is where you store your value and Zcash is where you transact or spend your value.Hi there everyone. Gareth Jeninson here at Bitcoin Amsterdam. It's a great pleasure to be joined by Cameron and Tyler Vinklvos.They're twins. Uh I'm a tw ...

Core Insights - Ripple is partnering with Mastercard and Gemini to enable stablecoin payments for credit card transactions, specifically using the RLUSD stablecoin on Ripple's XRPL blockchain [1][5] - Mastercard is integrating regulated stablecoins into its global payments network, emphasizing consumer choice and safety, while exploring future blockchain applications [2] - The stablecoin market has grown 48% to a valuation of $305 billion, with expectations to reach $4 trillion by 2030, attracting institutional interest from major financial players [3] Partnership Details - The partnership allows purchases with a Gemini-branded credit card to be settled using RLUSD, with WebBank as the issuer [1][5] - This collaboration marks one of the first instances of a US bank settling credit card transactions using stablecoins on a public blockchain [5] Market Trends - The US government has adopted a more favorable stance towards digital assets, leading to regulatory easing and the signing of a landmark stablecoin bill [2] - Major financial institutions, including Zelle, Western Union, and Wells Fargo, are looking to engage with stablecoins [3] Company Developments - Mastercard is reportedly in late-stage talks to acquire stablecoin startup Zerohash for up to $2 billion [4] - Ripple's RLUSD stablecoin is backed by US dollar deposits, short-term US Treasuries, and cash equivalents, and is being integrated into Ripple's various business operations, including GTreasury [6] Industry Education - GTreasury's CEO expressed a commitment to educating clients on the benefits of stablecoins in treasury management during Ripple's Swell conference [7]

Market Overview - Bitcoin rose nearly 2.5% to trade at $111,000, while Ether gained over 0.5% to cross the $4,000 mark, indicating a recovery from last week's selloff [2][3] - The Salana Soul token, however, experienced a decline, dipping to $190 [2] Regulatory Developments - Former New York Governor Andrew Cuomo announced plans to position New York City as a crypto hub, including the establishment of a chief innovation officer role focused on emerging technologies [4][5] - The crypto advisory committee will aim to modernize regulations to protect consumers and foster responsible innovation [5] Company News - Coinbase faced access issues due to an Amazon Web Services outage but reported that user funds remained safe, with shares up 4.3% [6][7] - Gemini launched a new credit card that allows users to earn up to 4.5% back in the form of the Salana Soul token, alongside existing offerings that reward with Bitcoin and XRP [7][8] Product Features - The new Salana-focused credit card includes autostaking features, enabling customers to earn additional rewards [9][10] - Customers have responded positively to the credit card offerings, with a referral program allowing users to earn $50 for each successful referral [13][11] - The card has no annual fees or foreign transaction fees, making it appealing to new crypto users [17] Market Expansion - Gemini is expanding into Australia, indicating a strategic move to tap into growing markets in the region and Europe [18]

Core Viewpoint - KBW initiated coverage of Gemini Space Station (GEMI) with a market perform rating and a $27 price target, highlighting its potential for long-term growth despite current unprofitability and elevated market risks [1][2] Company Overview - Gemini is described as a well-rounded digital asset platform with an ecosystem that includes trading, custody, credit cards, staking, stablecoins, and tokenized equities, which offers cross-selling potential as the crypto market expands [1] - The company went public at $28 per share, valuing it at over $3 billion [2] Growth Drivers - The credit card business is identified as a key growth driver, boasting over 100,000 users and strong conversion rates into exchange activity due to crypto-based rewards [2] - A new partnership with Nasdaq could generate up to $47.7 million in near-term revenue through custody and staking services for listed firms, with additional upside linked to tokenization trends [3] Financial Projections - KBW projects a 53% annualized revenue growth over the next three years, which is expected to outpace peers, and anticipates profitability by late 2027 [4] - The stock was noted to be 2% higher premarket at $25.80 [4]

Crypto exchange Gemini pricing its IPO above an expected range. Gemini selling 15.2% million shares for $28 each, giving the company a valuation above $3 billion. The company listing at the NASDAQ and under the simple GMI.Join us right now first on CNBC. We're thrilled to have him back with us. Tyler and Cameron Winklevoss, co-founders of Gemini.And uh we've been talking about crypto together for so long. Uh, congratulations. This is uh quite quite the road.I when we first started talking about this, I want ...

Company Overview - Gemini is pricing its IPO at $28 per share, selling 15.2 million shares, resulting in a valuation exceeding $3 billion. The company will be listed on NASDAQ under the ticker GMI [1] - The co-founders, Tyler and Cameron Winklevoss, express confidence in the future of Bitcoin, predicting it could reach $1 million per Bitcoin if it disrupts gold, indicating a potential 10x increase from current levels [3][4] Market Position and Growth - Since its inception, Gemini has expanded from solely offering Bitcoin to supporting over 100 tokens, reflecting significant growth in the cryptocurrency space [5] - The company has partnered with NASDAQ to advance the integration of markets on-chain, suggesting a commitment to innovation and market development [6] Product Differentiation - A key product offering is the Gemini credit card, which allows users to earn up to 4% back in Bitcoin or other supported cryptocurrencies on purchases, enhancing customer engagement and loyalty [8][10] - The credit card rewards are designed to be immediate, with Bitcoin credited to the user's account in real-time upon transaction completion [21] Future Outlook - The Winklevoss twins believe the cryptocurrency market is still in its early stages, with expectations of continued growth and adoption over the next decade [4][6] - The company positions Bitcoin as a "store of value" akin to gold, suggesting that its primary function may not be as a transactional currency but rather as an inflation hedge [15][18]