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Troubled Crypto Firm Genesis Owes Gemini’s Customers $900 Million (Report)

The cryptocurrency brokerage platform – Genesis – and its parent company Digital Currency Group (DCG), reportedly owe customers of Gemini approximately $900 million.  Genesis has been coping with severe issues ever since the crash of FTX. It suspended withdrawals in November while its creditors have been making desperate calls to prevent bankruptcy. Almost $1 Billion in Debt The recent collapse of one of the largest cryptocurrency exchanges (FTX) caused a huge disruption of...

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Gemini Recovers From Services Outage Following Genesis Withdrawal Freeze

Gemini – the crypto exchange founded by the Winklevoss twins in 2014 – experienced sweeping service disruptions shortly after Genesis froze customer withdrawals on Wednesday.  The firm later clarified that an Amazon Web Services EBS outage was responsible for the disruptions, and restored functionality shortly afterward. According to Gemini’s status page, most of the company’s services were down, including “fiat deposits and withdrawals.” Both Gemini Earn and the Gemini...

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Gemini Taps MakerDAO To Boost Adoption of Its GUSD Stablecoin

On September 29, Gemini co-founder Tyler Winklevoss published a proposed “marketing incentive” on the MakerDAO forum to drive the adoption of his stablecoin GUSD through a three-month strategic plan. According to Tyler Winklevoss’ proposal, Gemini will pay monthly fixed annual interest of 1.25% on all the GUSD stored in MakerDAO PSM vaults, as long as the average monthly balance is at least 100 million GUSD by the end of the month. “As we’d like GUSD usage to increase...

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Coin Switch Hires Sudheer Tumuluru as Its Main Crypto Engineer

Coin Switch – a digital currency investing app – has announced Sudheer Tumuluru as the head of its crypto engineering department. Coin Switch Has Added Many People to Its Payroll Sudheer previously served as the vice president of engineering for fashion for the e-commerce company Myntra. He has worked extensively with big data, cloud, and infrastructure platforms, and with several companies in both the United States and India. He’s excited to be bringing his wealth of...

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Gemini Unveils New Crypto Rewards Credit Card

The Gemini exchange in New York is introducing a new credit card that will provide crypto-based rewards to its customers. Gemini Is Establishing a New Crypto Rewards Card Individuals who use the credit card for purchases will earn cash back in crypto. Known as the Gemini Credit Card, the item gives three percent cash back in bitcoin or other forms of crypto to customers using it for dining purposes. They can also get two percent when they use their cards for groceries,...

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Bitcoin-Umfrage: 40 % der Bitcoin-Hodler sind Neueinsteiger

Cameron und Tyler Winklevoss gründeten gemeinsam Gemini, eine Börse für Kryptowährungen und Depotbank, um eine Brücke in die Zukunft des Geldes zu schlagen. Konkret heisst das, 2021 war das Bitcoin-Jahr! Denn 40% der Bitcoin-Hodler haben letztes Jahr das erste mal Bitcoin gekauft. In einer Umfrage hat die Kryptobörse Gemini mehr als 30’000 Menschen aus 20 Ländern befragt, um einen genaueren Blick auf den Kryptowährungsmarkt rund um Bitcoin & Co....

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Brazil and Indonesia Global Leaders in Crypto Adoption: Gemini Survey

A study conducted by the cryptocurrency exchange Gemini determined that approximately 41% of the surveyed individuals from Brazil and Indonesia own digital assets. The United States and the United Kingdom are far behind with respectively 20% and 18%. Brazil and Indonesia: the Global Leaders The US-based crypto platform Gemini questioned nearly 30,000 people across 20 countries to find out what chunk of the population has jumped into the digital asset universe. Per the...

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Gemini Buys Omniex in Trading Expansion Push

US-based cryptocurrency custody and exchange Gemini has made its latest acquisition, with the company purchasing the trading technology startup, Omniex. Gemini announced the news of the acquisition in a blog post on Wednesday (January 19, 2022). According to the exchange platform, Omniex will be integrated into Gemini Prime, which was publicly launched following the acquisition. Prior to the latest development, Gemini Prime was only accessible to a select number of customers...

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