Major US Crypto Exchange Obtains Insurance, Will it Have Positive Effect on the Industry?

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This week, major US-based crypto exchange Gemini obtained insurance coverage from a consortium of leading insurance providers led by Aon, a multi-billion dollar insurance giant based in London. Yusuf Hussain, Gemini’s Head of Risk, emphasized the importance of providing sufficient consumer protection to assure that investors on the platform can freely trade cryptocurrencies without the…

Winklevoss Twins Charge Ahead Despite Second Bitcoin ETF Rejection

Winklevoss Twins Charge Ahead Despite Second Bitcoin ETF Rejection

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Undaunted by the SEC’s second Bitcoin ETF proposal rejection, Tyler and Cameron Winklevoss appear to be charging full steam ahead with their cryptocurrency exchange and custodian, Gemini. For the twin brothers, the commission’s green light may have granted Gemini the largest rush of institutional capital seen in this industry. Now, with Gemini ranked 24th largest exchange…

Wall Street Falls Behind: One Firm Trades Bitcoin for the Past Two Years

Wall Street Falls Behind: One Firm Trades Bitcoin for the Past Two Years

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As one of the earliest adopters of institutional digital assets trading, Susquehanna International Group, founded in 1987, has been ahead of the blockchain curve – actively trading cryptocurrencies for the past two years. Wall Street is Old News In contrast to traditional financial markets, cryptocurrency draws a worldwide, 24/7 audience of retail and institutional investors. Related…

NYDFS Authorizes Paxos Trust Company to Add Ethereum, Litecoin, Bitcoin Cash, and Stellar Lumen

NYDFS Authorizes Paxos Trust Company to Add Ethereum, Litecoin, Bitcoin Cash, and Stellar Lumen

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Despite a recent market downturn, cryptocurrencies continue to make regulatory progress. Starting June 14, Paxos Trust Company will make Ethereum, Litecoin, Bitcoin Cash, and Stellar Lumens available for OTC trading on their itBit digital asset exchange. Early Bird Authorization by NYDFS Joining a short list of exchanges authorized to trade cryptocurrency, Paxos Trust Company was approved…