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- Tyler Winklevoss Just Banned MIT Grads from Gemini – The Shocking Reason!
Tyler Winklevoss Just Banned MIT Grads from Gemini – The Shocking Reason!
Gemini, led by Tyler Winklevoss, has announced a hiring ban on MIT graduates unless the university severs ties with former SEC chair Gary Gensler, blaming him for aggressive enforcement actions against the crypto industry.
Steven Walgenbach
January 30, 2025
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Breaking Crypto Stories
Here are the top stories today:
Gemini Won’t Hire MIT Grads Unless University Drops Ex-SEC Chair Gensler
El Salvador Rushes in New Bitcoin Law to Comply With IMF Deal: Report
Zodia Custody Integrates TON Jetton Standard to Expand Institutional Crypto Access
AI DAO ai16z Rebrands to ElizaOS Amid Branding Concerns from Andreessen Horowitz
Mobile Crypto Wallet Adoption Hits Record 36 Million Users Amid Growing Mainstream Interest
Question of the Day
Do you think DeepSeek used ChatGPT data to train its model?
Gemini, led by Tyler Winklevoss, announced it will not hire MIT graduates or interns unless the university cuts ties with former SEC chair Gary Gensler, citing his role in crypto enforcement actions, sparking mixed reactions from the industry while Gensler returns to MIT as the SEC shifts leadership.
Crypto exchange Gemini, led by Tyler Winklevoss, announced it will not hire MIT graduates or interns unless the university severs ties with former SEC chair Gary Gensler, citing his role in crypto enforcement actions.
Gemini’s hostility toward Gensler stems from a $21 million settlement with the SEC over its Gemini Earn program. While some in the crypto industry, like Erik Voorhees, support the MIT boycott, others argue it unfairly punishes students.
After leaving the SEC following Donald Trump’s inauguration, Gensler returned to MIT to teach AI in finance. The SEC is now chaired by Mark Uyeda, who recently approved spot Bitcoin ETFs alongside Hester Peirce, now leading the agency’s crypto task force.
El Salvador's Congress quickly approved amendments to its Bitcoin laws to comply with an IMF loan agreement, making Bitcoin optional for businesses instead of mandatory, while still maintaining it as legal tender.
El Salvador’s Congress swiftly approved changes to its Bitcoin laws to align with the IMF's requirements, making Bitcoin optional for businesses rather than mandatory.
Despite the changes, El Salvador continues to expand its Bitcoin reserves, holding 6,049 BTC worth $633 million, with plans to increase purchases in 2025.
Former U.S. Senator Bob Menendez, who opposed El Salvador’s Bitcoin adoption, was sentenced to 11 years in prison for accepting bribes in gold and cash.
Zodia Custody, co-owned by Standard Chartered, has integrated support for Jetton tokens on The Open Network (TON), starting with STON, the governance token of Ston.fi.
Zodia Custody, co-owned by Standard Chartered, has integrated support for Jetton tokens on The Open Network (TON), enabling institutional investors to securely hold and invest in TON’s ecosystem.
The first supported asset is STON, the governance token of Ston.fi, with the integration facilitated in partnership with CoinFund, which sought secure custody for its Jetton-based investments.
This move enhances institutional access to TON’s DeFi ecosystem, addressing a key barrier to entry and promoting broader adoption of TON’s blockchain technology.
AI DAO ai16z has rebranded to ElizaOS to avoid brand confusion with Andreessen Horowitz (a16z).
AI-focused DAO ai16z has changed its name to ElizaOS following concerns from Andreessen Horowitz (a16z) over brand confusion. Founder Shaw Walters confirmed the rebrand as the project expands globally and develops Eliza v2 on Solana.
The ai16z token dropped 12% in 24 hours and 53% over the past week, with the broader AI crypto market falling 3.5% to $37 billion amid declining investor confidence.
The market downturn follows DeepSeek’s R-1 model release, which rivals ChatGPT at lower costs. White House AI advisor David Sacks has raised concerns over potential misuse of OpenAI’s outputs to train DeepSeek’s model, adding to the controversy.
Mobile crypto wallet adoption has reached an all-time high of over 36 million users in Q4 2024, marking a shift from passive holding to active engagement in DeFi and blockchain applications.
Mobile crypto wallets hit a record 36 million users in Q4 2024, signaling increased mainstream adoption as more passive holders engage in DeFi and blockchain applications.
Stablecoins emerged as crypto’s “killer app,” with supply surging over 18% and trading volume reaching $30 trillion in 2024, driving liquidity and market participation.
Stablecoins are increasingly replacing fiat in East Asia, driven by inflation and currency devaluation, with on-chain transactions surpassing $400 billion in the region.
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