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Gemini Announces Credit Card with 3% Cashback Crypto Rewards

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Tyler Winklevoss, Gemini Co-Founder & CEO, shared the news his company has a new way to invest in crypto via an official announcement made on January 14th.

The cryptocurrency exchange has announced a new line of products with its own fiat credit card, which will allow holders to gain rewards in Bitcoin or other cryptocurrencies.

One of the most surprising facts about the announcement is that this new credit card will work with fiat dollars instead of crypto despite the company’s status as a crypto exchange.

Crypto Rewards with a Fiat Credit Card at Gemini

2020 saw exchanges like Binance and Coinbase launch and announce their new crypto debit cards, generating a lot of interest in the crypto community due to the benefits it brings for crypto holders.

Gemini’s card is not a debit card but a credit card, similar to the card announced by BlockFi back in December of 2020, making these 2 cards the first to offer rewards in the form of crypto/investable assets instead of traditional cashback, miles, or similar rewards.

It is not clear which of both cards will be launched first, with BlockFi announcing the launch for “spring 2021” while Gemini’s will launch “Later in 2021”. Both companies have opened their waiting lists for users interested in applying.

Investing in Crypto by Spending in Fiat

Gemini’s new credit card will allow holders to earn up to 3% back in cryptocurrencies like Bitcoin for every dollar that is spent with it, although no information on what other cryptocurrencies will be supported has been published.

This option to passively invest in cryptocurrency while paying for daily services and commodities is sure to be attractive for thousands of investors, especially at a time when other credit card’s rewards are not that useful due to the Covid19 pandemic.

Those interested in obtaining the credit card won’t be required to have a Gemini at the time but will need to create an account to receive their rewards automatically once the card is approved.

The card is planned to launch in the United States, which means that only U.S. residents will be able to use it. It is still not clear if there are plans to launch the card in other countries.

Despite rising regulations on financial transactions, there are still few global mechanisms that allow companies to expand to multiple nations.

Fintech Startups are Helping Shape the Future of Crypto

Just like some of its competitors, Gemini has been able to launch its new service after acquiring a fintech startup by the name of Blockrize, which was already working on the same concept.

All of Blockrize’s waitlist members have been transferred to Gemini’s credit card waitlist as it will be the same product once it launches.

While it is known that the card will run with one of the major payment networks and be accepted in any store where major cards are accepted, it is still not known if the credit card will be in collaboration with Visa, MasterCard, Amex, or another network.

The move comes at a time when the Gemini exchange continues expanding its portfolio of services, such as with the acquisition of Nifty Gateway back in late 2019 and partnerships with Brave browser in 2020.

Gemini Custody has also seen increasing popularity with crypto enthusiasts, having surpassed $10 billion in total crypto under its custody back on January 12th according to the company.

While 2020 certainly was a big year for the cryptocurrency ecosystem, there are still barriers that need to be broken before mass adoption is possible. Allowing people to invest in Bitcoin passively without the need for financial or technical knowledge, as well as no risk, is a big step toward this objective.

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Source: https://blockonomi.com/gemini-announces-credit-card/

Blockchain

MicroStrategy Keeps Buying The Dip – Spends Another $10 Million On Bitcoin

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MicroStrategy continues relentless pursuit of Bitcoin with a new $10 million purchase

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Everyone is acquiring bitcoin. From everyday people buying fractions of a bitcoin in the hopes of making a value later on to companies like Tesla padding their wallets with billions worth of the famous asset, bitcoin is all the rage these days.

Given that bitcoin currently hovers around $45,000 after seeing a new all-time price high of over $65,000 a few weeks ago, for some, now may be a desirable time to jump on the train.

BTCUSD
BTCUSD Chart By TradingView

One company that definitely got the memo was MicroStrategy as it was confirmed on May 18, 2021, that the company has bought another $10 million worth of bitcoin.

Bitcoin Whale MicroStrategy Keeps Buying

This latest purchase was confirmed by Michael Saylor, the founder, and CEO of MicroStrategy on Twitter. According to his tweet, MicroStrategy purchased an additional 229 bitcoins with each costing an average of $43,663. With this acquisition, the firm’s total bitcoin stash now comes to about 92,079 with an acquisition value of $2.251 billion. Acquired at an average price of $24,450 per bitcoin, this represents one of the biggest caches of bitcoin held by a single entity.

From the language used in the tweets, it is implied that the company intends to HODL long-term as do many private crypto holders who believe that bitcoin will be worth hundreds of thousands at some point in time. Regardless, it is clear that the corporate world is getting its fill of bitcoin and investing a significant amount of money in it.

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It is safe to expect that other firms besides MicroStrategy will continue to pad their wallets with even more bitcoin and other cryptos, especially given that the market is not mooning at the moment.

At the same time, some analysts predict that the bitcoin price will reach $100,000 by the end of this year and some even predict $300,000 or 400,000 in a few years, and should this happen, it will be interesting to see at which price point firms like MicroStrategy will sell, if at all.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/microstrategy-keeps-buying-the-dip-spends-another-10-million-on-bitcoin/

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Marvel Icon Behind Batman, Green Lantern To Launch Exclusive Comic NFT Collection

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Marvel Icon Behind Batman, Green Lantern To Launch Exclusive Comic NFT Collection

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The art world and the world of blockchain are currently seeing a huge intersection thanks to the rise of non-fungible tokens or NFTs as they are commonly called. Top artists from around the world have been selling their work as NFTs with millions of dollars being raised and NFT platforms seeing more attention from the artist themselves.

One of the latest of these is from Neal Adams, a legendary comic book artist behind iconic characters like the modern Batman and the Green lantern. It was announced on May 18, 2021, that the comic book artist will be partnering with Vorto Gaming to release an exclusive comic book and NFT collection.  

Batman Immortalized as an NFT?

Some details about the new partnership have been announced such as Adams creating bespoke comic books around Hash Rush, which is the first title published by Vorto Gaming and will be released on its network. Part of this comic will involve new and existing Hash Rush characters and a new storyline from Adams.

Given that Adams has shaped storylines for a number of comics for DC Comics and Marvel, there is a lot of anticipation. He will receive help for this new project from Swedish-based ComicFirst Entertainment and their artist Mikael Bergkvist, who is also his mentee. 

Adams himself has touched on the importance of gaming and why he is excited about this upcoming project.

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“Gaming is without doubt the most innovative entertainment industry of the past decade and is shaping so many different aspects of our culture. We’re moving into a period in history where we are spending as much time exploring digital, imaginary worlds as we are living in this one. Comic books were always a transportation tool – taking us to another place, to experience another story, even just for a moment. Hash Rush is no different and I’m looking forward to sharing this story with the world.’ he said.

At this point, it seems that there is no limit to the type of content that can be created as an NFT. Artists from all sectors are beginning to explore their options with regards to both making money and providing valuable experiences for their fans. Hopefully, Adams’ participation in this project will lead to more prominent comic book artists embracing NFTs as well.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/marvel-icon-behind-batman-green-lantern-to-launch-exclusive-comic-nft-collection/

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PARSIQ And Autonio Partnership Brings Smart Triggers To NIOX Trading Suite

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PARSIQ And Autonio Partnership Brings Smart Triggers To NIOX Trading Suite

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PARSIQ has partnered with the Autonio Foundation to integrate its monitoring technology into Antonio’s NIOX trading suite.

As per the announcement, through this partnership, PARSIQ is planning to deploy its Smart Triggers technology into Autonio’s NIOX suites. The partnership will help Autonio monitor blockchain data for important events by integrating a few lines of code. Generally, this new integration will help save on the time and infrastructure required to create custom listeners. 

Ali Raheman, Autonio Foundation CEO and Founder.

“PARSIQ enables us to secure our governance and our DAO along with granting our users access to info about asset movements, which is a higher up priority for us, while we begin incorporating notifications and triggers into our trading solutions and tracking. Use for AI is longer term. PARSIQ has provided us with a toolset to make improvements in 3 major areas, trading, governance, and analytics data for AI.”

Tom Tirman, CEO of PARSIQ. 

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“Automated trading tools are a natural use case for PARSIQ’s Smart Triggers, and we are glad to be seeing teams like Autonio speed up their development efforts by choosing our solution. There is no reason why crypto app developers should constantly be reinventing the wheel. By letting us take care of the intricacies, they save on time, money, and headaches.”

Autonio Foundation is a decentralized autonomous organization built around developing accessible, easy-to-use training tools and services. By democratizing access to intelligent trading tools, the platform allows crypto traders to conduct deeper trading analysis, pool funds for their original strategy, and deploy complex algorithms.

Autonio’s trading suites are based on Artificial intelligence technology. The suites require a stream of reliable blockchain data, which can create trading alert systems or complex trading strategies 0based on specific triggers.

By integrating PARSIQ’s Smart Triggers, Autonio will easily monitor blockchain data for relevant events. The partnership will also allow Autonio to access the PARSIQ toolset. The toolset allows traders to conduct strategies based on on-chain triggers such as transactions coming to large wallets. Additionally, Autonio will also use PARSIQ monitoring technology to gauge NIOX AI-based effectiveness, strategies, and efficacy. 

Antonio will also be able to use PARSIQ tools for analytic purposes. The tool will allow the company to monitor withdraws and deposits transactions to the NIOX DAO, allowing them to understand their users. The analysis will be key in developing key metrics that will enable tracking growth.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/parsiq-and-autonio-partnership-brings-smart-triggers-to-niox-trading-suite/

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