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Bitcoin News Cryptocurrency News Ethereum News Litecoin News

Gemini Unveils Plans For Credit Card With Crypto Rewards

Gemini, a crypto exchange and custodian, today announced that it will launch the Gemini Credit Card, a credit card with cryptocurrency rewards. This effort has been accelerated by the acquisition of Blockrize, a fintech startup that has been building a credit card with cryptocurrency rewards. In preparation for launch later this year, Gemini has opened the Gemini Credit Card waitlist — providing Gemini customers, and those already on the Blockrize waitlist, with early access.

By combining Gemini’s simple, reliable, and safe platform with Blockrize’s rewards program, card holders will be able to seamlessly earn up to 3 percent back in bitcoin, or other cryptos, on every purchase they make with the Gemini Credit Card.

“The Gemini Credit Card will make it easier for any consumer to invest in bitcoin and other cryptos without changing their existing behavior, ” said Tyler Winklevoss, CEO of Gemini. “Rather than deciding how and when to buy crypto, customers can do so when making their everyday purchases. We’re excited to welcome the Blockrize team to Gemini and work together to continue to mainstream crypto.”

Those who join the waitlist, and the more than 10,000 people already on the Blockrize waitlist, will get early access. The Gemini Credit Card will work like a traditional credit card. It will be available to U.S. residents in every state and will be widely accepted wherever major cards are accepted. Rewards will be automatically deposited into a cardholder’s Gemini account.

For Gemini users or others interested in signing up to the waitlist, please visit: https://gemini.com/credit-card/waitlist. To sign up for a Gemini account visit: https://exchange.gemini.com/register.

This is Gemini’s second acquisition, following its acquisition of Nifty Gateway in November of 2019. Gemini continues to look for companies that align with its values and mission to empower the individual through crypto.

About Gemini

Gemini Trust Company, LLC (Gemini) is a cryptocurrency exchange and custodian that allows customers to buy, sell, and store more than 30 cryptocurrencies like bitcoin, bitcoin cash, ether, litecoin, and Zcash. Gemini is a New York trust company that is subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the New York State Department of Financial Services and the New York Banking Law. Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss to empower the individual through crypto.

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Bitcoin News Blockchain News Cryptocurrency News

One Of The Nations Largest Independent PR Firms Creates Specialty Branch For Cryptocurrency PR

5W Public Relations, one of the largest independently-owned PR firms in the U.S., announces today the creation of a specialty division focused on PR for the crypto industry. The new specialty focus is a formalization of the agency’s experience representing dozens of global leaders in the cryptocurrency and blockchain sectors.

The agency has a history of working with established and emerging cryptocurrency platforms including blockchain and cryptocurrency driven marketplaces, trading platforms, crypto real estate companies, and more. Last year 5W guided Nasdaq-listed business intelligence firm, MicroStrategy, through the announcement of its hugely consequential purchase of $250M in Bitcoin.

“5WPR has traditionally been an early adapter of emerging industries, and as an agency has been working with cryptocurrency clients for over five years. In this time we’ve come to understand the nuances of the cryptocurrency community and have developed tried and true strategies to build up successful campaigns and brands,” said Ronn Torossian, Founder and CEO of 5WPR. “With the continued success of cryptocurrency platforms and Bitcoin’s recent rise to an all-time high, we’re thrilled to launch our dedicated crypto pr division.”

Services offered to cryptocurrency public relations clients include media relations, targeted outreach to crypto industry publications, content creation, digital media campaigns, speaking opportunities and celebrity relations.

About 5W Public Relations

5W Public Relations is a full-service PR agency in NYC known for cutting-edge programs that engage with businesses, issues and ideas. With more than 175 professionals serving clients in B2C (Beauty & Fashion, Consumer Brands, Entertainment, Food & Beverage, Health & Wellness, Travel & Hospitality, Technology, Nonprofit), B2B (Corporate Communications and Reputation Management), Public Affairs, Crisis Communications and digital strategy. 5W brings leading businesses a resourceful, bold and results-driven approach to communication. 5W was awarded 2020 PR Agency of The Year and CEO Ronn Torossian, was named 2020 Entrepreneur of the Year by the American Business Awards.

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Blockchain News

Future FinTech To Acquire 60% of Blocknance

Future FinTech Group Inc. (NASDAQ: FTFT) a leading blockchain e-commerce company and a service provider for financial technology, today announced it has signed a term sheet with Blocknance Financial International SRL (“Blocknance”), a company incorporated in the Dominican Republic and the selling shareholders of Blocknance on December 30, 2020. Pursuant to the Term Sheet, the Company plans to acquire 60% of the total issued and outstanding shares of Blocknance.

Blocknance provides services for transactions between Bitcoin and other cryptocurrencies and fiat currencies, such as Dominican Peso, US dollar, Euro and Russian Ruble for customers through Bitcoin ATM machines and physical offices. All ATMs and physical offices are currently located in Santo Domingo, Punta Cana, La Romana, and Santiago de los Caballeros in the Dominican Republic.

Blocknance is headquartered in the Dominican Republic. Its subsidiary Cryptocana SRL works with financial consulting companies to help clients buy, rent and sell residential, commercial, local and international real estate using cryptocurrencies; another subsidiary Blockchain Finance International Inc. is registered in Wyoming, US and officially registered as a Money Service Business (MSB) which is regulated and administered by the Financial Crimes Enforcement Network (FinCEN). According to the framework agreement, the current total valuation of Blocknance is $1.6 million. Future FinTech or its wholly-owned subsidiary plans to acquire 60% of Blocknance through cash and shares with a purchase price of US $960,000. Future FinTech reserves the right to purchase additional shares from the seller.

Emmy Jude Fortune, the General Manager of Blocknance, stated, “Blocknance is one of the most advanced, semi-decentralized cryptocurrency exchange platforms on the market today. It provides a safe way to exchange Bitcoin and cryptocurrency with fiat currencies for individuals who want to use them to buy and sell goods or services and is the largest Bitcoin transaction service provider in the Caribbean. With the help of our new ATMs, more and more people use cryptocurrency for transactions. Our Punta Cana and Santiago office provides services to more than 10,000 tourists every year, because most tourists do not have local bank accounts. Our physical offices or ATMs provide convenient two-way exchange services of Bitcoin and other cryptocurrency to fiat currencies for tourists. Blocknance plans to increase the number of Bitcoin ATMs and expand them to Europe, Asia and other regions pursuant to local regulatory requirements in 2021. FTFT has a great management team in financial services and blockchain technology. The union with FTFT can rapidly expand our operations, continuously improve customer experience and satisfaction, increase service scenarios, and meet the needs of more and diversified customers. “

Shanchun Huang, Chief Executive Officer of Future FinTech said, “Blockchain technology and its application is an important strategic segment and business component of FTFT. Building a complete blockchain financial service system is an important development plan of FTFT. We have been looking for valuable blockchain technology companies to dock with our existing resources. When Bitcoin holders could convert Bitcoin into cash at ATM as Blocknance does in Dominican Republic, cryptocurrency will be gradually accepted by more and more people. We believe that the investment in Blocknance can further expand our business, bring additional income to the Company, and we hope to eventually create a channel that can connect Bitcoin and other cryptocurrencies with the services of mainstream financial institutions under applicable laws and regulations. “

About Future FinTech Group Inc.

Future FinTech Group Inc. is a leading blockchain e-commerce company and a service provider for financial technology incorporated in Florida. The Company’s operations include a blockchain-based online shopping mall platform, Chain Cloud Mall (“CCM”), a cross-border e-commerce platform (NONOGIRL), an incubator for blockchain based application projects. The Company is also engaged in the development of blockchain based e-Commerce technology as well as financial technology.

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Blockchain News Cryptocurrency News

LCX Receives Approval From the Financial Market Authority of Liechtenstein

The Liechtenstein Cryptoassets Exchange, LCX, secured approvals of eight license categories under the the Token and Trusted Technology Service Provider Act (TVTG), which makes it one of the first cryptocurrency platform to achieve this important regulatory milestone in Liechtenstein, allowing LCX to offer the broadest scope of blockchain services.

LCX is proud to announce that it has become the first cryptocurrency platform to receive approvals for eight license categories from the Financial Market Authority (FMA) of Liechtenstein. To date, LCX has been operating under the transitory provisions of the Blockchain Act and has worked closely with the regulator to satisfactorily complete the assessment process. 

LCX AG, the legal entity owning and operating LCX.com platform, has received the regulatory approval to operate the following services:

  • TT Exchange Service Provider
  • TT Token Depositary
  • TT Key Depositary
  • TT Price Service Provider
  • TT Identity Service Providers
  • Token Generator
  • Token Issuer on its own
  • Token Issuer on behalf of the clients

View it in the FMA Register

LCX aims to offer a full range of services in accordance with the scope and the definitions of the Lichtenstein Blockchain Laws.

“We have a long-standing commitment to building a fully regulated safe and reliable business while delivering a seamless user experience. Being one of the first cryptocurrency platforms to receive the Liechtenstein blockchain licenses is an important milestone. We look forward to rolling out additional compliant and innovative products and services in 2021,” says Monty C. M. Metzger, CEO and Founder at LCX. 

The Liechtenstein Blockchain Act officially known as the Token and Trusted Technology Service Provider Act (TVTG) has entered into force on Jan. 1, 2020. Liechtenstein has been among the first countries worldwide to introduce a comprehensive regulatory framework for the blockchain industry, encompasing definitions and specific requirements applicable for different service providers and the assets, products and services they offer. The Liechtenstein blockchain laws use the term Trusted Technology (TT) as a hypernym of distributed ledger technology (DLT), blockchain technology, cryptocurrency or digital assets.

About LCX: 

LCX is a financial technology services company that focuses on tokenization of assets, security token offerings and advanced trading tools. The LCX STO Launchpad is a one-stop tokenization platform automating the fundraising and investor management on the blockchain. The LCX Terminal brings together real-time and full historical data on all cryptocurrency markets, news, social analytics, and trading signals, powerful analytical engine, smart order routing, and trading execution capabilities — all on one solution. LCX also launched the LCX DeFi Terminal (in beta version) as a decentralized trading platform built on top of Uniswap. Recently LCX also announced the expansion of the LCX Exchange as a compliant cryptocurrency exchange for a variety of digital assets. LCX is headquartered in Liechtenstein with offices in Switzerland and India.