• Gemini crypto-back credit card

    Gemini to offer a credit card with crypto-back rewards

    The New York-based exchange’s credit card will allow its users to earn up to 3% back in Bitcoin or other crypto assets on every purchase they make

    "The Gemini Credit Card will make it easier for any consumer to invest in Bitcoin and other cryptos without changing their existing behavior,” the New York-based exchange’s CEO Tyler Winklevoss said. “Rather than deciding how and when to buy crypto, customers can do so when making their everyday purchases."

  • Blockchange IRA Financial retirement funds crypto
    Cryptocurrencies,  Technology

    Blockchange, IRA Financial partner to push retirement funds into crypto

    The two firms offer financial advisors the ability to help clients bring Bitcoin, Ether, Litecoin, and 18 other crypto assets to IRA and 401(k) accounts

    Crypto assets are increasingly becoming a part of the mainstream investor’s portfolio, which indicates a growing appetite for such a product. As Modern Consensus reported at the end of October, more than half of U.S. investors are interested in buying Bitcoin, and nearly one quarter already have.

  • Gemini TaxBit partner
    Regulation,  United States

    Gemini, TaxBit partner on tax tools as IRS releases new guidance

    The exchange will offer features that help users keep track of tax obligations and reduce their liabilities

    The IRS is ramping up efforts to track down those who fail to pay tax when they sell digital assets for a profit—not to mention those who fill out the relevant forms incorrectly. But exchanges in the space are now attempting to make it easier for their users to abide by the rules.

  • FCA bans crypto derivatives
    Cryptocurrencies,  Regulation

    U.K. regulator shuts small investors out of crypto derivatives

    The Financial Conduct Authority prohibited the sale of cryptocurrency derivatives to retail customers, starting today, to protect consumers

    The regulator explained that the reason it believes that to be true is that the cryptocurrencies underlying such derivatives “have no reliable basis for valuation.” Beyond that, the presence of financial crime and market abuse in the crypto secondary market also makes reliable information hard to get. The FCA also cited the extreme volatility in cryptoasset valuation and the inadequate understanding of crypto by retail investors.