Winklevoss Twins’ Gemini Buys Nifty Gateway, Marking Its First-Ever Acquisition

The Winklevoss twins’ Gemini exchange has made its first-ever acquisition by purchasing the Nifty Gateway platform, which enables users to buy and manage non-fungible tokens (NFTs). Tyler Winklevoss revealed the acquisition in a Nov. 19 blog post, detailing that so-called “nifties” are a unique asset or good on a blockchain that differ from other cryptocurrencies as they are one-of-a-kind and thus not interchangeable. Nifties’ features make them ideal as a base for crypto-collectibles and crypto-art, according to Winklevoss. Because all collectibles will migrate onto blockchain Currently, the Nifty Gateway platform…

Bitcoin Medium Term Outlook: Here Is Why BTC Could Test $6.5K

Bitcoin price is currently in a downtrend below the $9,100 pivot level against the US Dollar. The price is trading well below the $8,500 support and the 100-day simple moving average. There is a crucial bearish trend line forming with resistance near $8,880 on the daily chart of the BTC/USD pair (data feed from Kraken). If the current trend remains intact, the price could test $7,400 or even $6,500. Bitcoin price is following a significant downtrend on the daily timeframe against the US Dollar. If BTC fails to stay above…