Tag: gemini

Jan 31 2023

Gemini’s stablecoin loses USD peg amid OKX delisting

Jan 31 2023 Published at CryptoSlate under tags  exchanges gemini gusd stablecoins

Gemini-backed stablecoin Gemini Dollar(GUSD) has lost its parity with the US Dollar, falling by 0.84% to $0.9851 in the last 24 hours, according to CryptoSlate's data. Available data shows that the stablecoin experienced sharp price swings over the past week, reminiscent of its run towards the end of last year. The number of active addresses holding GUSD has dropped to a 2020...

Jan 25 2023

Co-founders of Nifty Gateway step down amid Gemini issues

Jan 25 2023 Published at Coinscreed under tags  gemini news nfts nifty gateway

Co-founders of the NFT auction platform Nifty Gateway, Duncan and Griffin Cock Foster, announced their resignations on January 25 in a Twitter thread. Twin brothers Duncan and Griffin Cock Foster, co-founders of the NFT platform Nifty Gateway, owned by Gemini, are leaving the company and resigning from their positions. Their resignations took effect right away. […] The post...

Jan 24 2023

Third Time's the Charm? Gemini Cuts Its Workforce Once Again

Gemini, the cryptocurrency exchange owned by the Winklevoss twin brothers, is set to reduce its workforce by 10%, making job cuts for the third time in the last seven months. Despite a rebound in cryptocurrency prices in 2023, the crypto winter continues,...

Jan 23 2023

Crypto Exchange Gemini Cuts 10% Of Its Workforce

Despite the ongoing relief rally in the crypto market, negative news seems to be never-ending. The latest to make it to the headline today is Gemini, as the crypto exchange company has reportedly cut down another 10% of its global staff according to a recent report published by The information...

Gemini sheds 10% of staff in 3rd layoffs in 8 months

Jan 23 2023 Published at CryptoSlate under tags  exchanges gemini

Crypto exchange Gemini is set to cut 10% of its staff, The Information reported Jan. 23, citing internal slack messages. Gemini co-founder Cameron Winklevoss blamed the latest layoff decision on "persistent negative macroeconomic conditions" and "unprecedented fraud" within the crypto industry....

Breaking: Gemini Exchange Axes 10% Staff, Is Bankruptcy Filing Next?

According to an internal memo that was accessed by media outlets, the cryptocurrency exchange Gemini is planning to lay off 10% of its workforce. This...

Jan 20 2023

Crypto Lender Genesis Files for Bankruptcy

Digital Currency Group subsidiary Genesis Global Capital has filed for bankruptcy protection. It owes over $3.5 billion to its top 50 creditors $3.5 Billion in Liabilities After months of uncertainty,...

Gemini Tops Genesis Creditors List With $766 Million Claim, Winklevoss Teases DCG Lawsuit

Summary: Genesis filed for bankruptcy protection late on Thursday revealing $3.6 billion owed to the top 50 creditors. Top unsecured claimants included Gemini, Babel Finance, VanEck, and Cumberland among others. Gemini President Cameron Winklevoss once again threatened legal against Genesis's parent company DCG and CEO Barry Silbert. The Winklevii Founded Gemini was named a top creditor in a list of unsecured claims published...

Gemini co-founder threatens lawsuit against DCG, Barry Silbert

Gemini co-founder Cameron Winklevoss threatened a lawsuit against crypto conglomerate Digital Currency Group (DCG) and its CEO Barry Silbert if they failed to make a "fair offer" to creditors like Gemini Earn users. Gemini is prepared to take "direct legal action against Barry, DCG, and others who share responsibility for the fraud that has caused harm to the 340,000+ Earn users and others...

BREAKING NEWS: Crypto Lender Genesis Files For Chapter 11 Bankruptcy As Crisis Deepens

Genesis Global Holdco, the parent company of embattled cryptocurrency lender Genesis Global Capital, has filed for Chapter 11 bankruptcy protection, becoming the latest firm to cave in to pressure in the wake of FTX's precipitous decline. Thursday, the company filed for bankruptcy protection in the Southern District of New York, according to court filings cited by numerous...

Will “Gemini Earn” Users Get Their Money Back?

Gemini co-founder Cameron Winklevoss on Friday said the firm will continue with its decision to take legal action against...

Jan 19 2023

Crypto exchange Gemini launches new electronic OTC trading solution

Jan 19 2023 Published at CryptoNinjas under tags  crypto exchanges featured gemini

Gemini, the popular bitcoin & crypto exchange company, today announced the launch of electronic over-the-counter trading (eOTC), an automated crypto trading solution designed for institutions. The Gemini eOTC solution offers a variety...

Genesis Is Reportedly Preparing to File for Bankruptcy Within Days

Troubled crypto lender Genesis Global Trading, which has halted withdrawals, is in the final stages of preparation to file a Chapter 11 bankruptcy, according to multiple media reports. Anonymous insiders have revealed that the company might confirm the bankruptcy...

Jan 17 2023

The DCG Rumor Mill as It Stands

Whispers about Digital Currency Group’s troubles have continued to make rounds on Twitter this week. While it’s hard to separate fact from fiction, it is worth considering the implications of three possible scenarios. Scenario #1: Genesis gave clients “phony financial statements”...

Jan 14 2023

The Chopping Block: Why Gemini Users Are Mad at Genesis and DCG – Ep. 443

Welcome to “The Chopping Block!” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. Show topics: Haseeb’s TL;DR of the ongoing situation between DCG, Genesis and Gemini whether DCG committed fraud because of a misrepresentation of its financials why DCG did Genesis a favor by absorbing the losses from exposure to Three...

Jan 13 2023

SEC Files “Totally Counterproductive” Charges Against Gemini and Genesis

Jan 13 2023 Published at Crypto Briefing under tags  gemini genesis news sec winklevoss

The SEC is accusing both Gemini and Genesis of offering unregistered securities to retail investors. Once Again Late to the Game The Genesis situation keeps getting worse. Yesterday the Securities...

Crypto Lender Genesis Owes Over $3B: Report

Digital Currency Group (DCG) is considering selling some of its assets in light of the billions of dollars its subsidiary Genesis owes creditors. A Thursday report from the...

​SEC Charges Gemini and Genesis With Sale of Unregistered Securities

The U.S. Securities and Exchange Commission has named both Gemini and Genesis in a lawsuit. In a complaint filed on Thursday, the SEC alleged that crypto lending firm Genesis and crypto exchange Gemini had conducted...

SEC Takes Gemini, Genesis to Court for Selling Unregistered Securities

The US Securities and Exchange Commission (SEC) charged two feuding companies, Genesis Global Capital and Gemini Trust Company, for offering and selling crypto lending products under Gemini Earn, which the regulator alleged to be...

Potential Paths Forward For The Grayscale Bitcoin Trust

An interesting saga is developing for Digital Currency Group and its Grayscale Bitcoin Trust with accusations of fraud coming from the co-founder of Gemini.The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,...

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