Tag Archives: gemini

Following a lot of legal back-and-forth jabber, the Winklevoss Twins of the Gemini exchange in New York are moving forward with their lawsuit against Barry Silbert and his company Digital Currency Group. The Twins allege that the firm and its CEO Silbert engaged in massive fraud. The Winklevoss Twins Are Taking DCG to Court The problems stem from a program introduced by Gemini called Earn, which allowed users to loan their assets to Genesis, a division of the...

Despite a solid rally in the week prior, mid-July saw bitcoin experience something of a dip in its price. It fell to about $30K even after several weeks of trading above $31,000 per unit. Bitcoin Endured a Few Slips The crypto market experienced a few nasty hits, such as non-fungible tokens (NFTs) being dramatically sold off. Many major collections saw their prices slouch as more and more individuals begin to question whether these assets are worth anything at...

[unable to retrieve full-text content]CoinspeakerDigital Currency Group (DCG) Files Motion to Dismiss Lawsuit by Gemini The DCG filing notes that Silbert and the company "played an insignificant role in the Gemini Earn program", and Gemini's allegations of fraudulent behavior don't hold merit. Digital Currency Group (DCG) Files Motion to Dismiss Lawsuit by Gemini

Gemini confirmed it now accepts XRP deposits after days of speculation driven by a cryptic post on its verified X account. The post, a thinking face emoji, was made in response to a question by crypto journalist David Gokhstein, who wondered whether Gemini would relist XRP. In its announcement, Gemini clarified that it would initially only accept XRP deposits, but it is working on enabling XRP-related trading pairs in the coming days. The exchange also asked its users to...

[unable to retrieve full-text content]CoinspeakerBitstamp to Expand Derivatives Trading in Europe amid Fundraise Bitstamp is also looking to expand its operations in the UK after securing the FCA license earlier this year. Bitstamp to Expand Derivatives Trading in Europe amid Fundraise

[unable to retrieve full-text content]CoinspeakerDerivatives Exchange Gemini Preps to Host Trading Competition Next Month Gemini launched its derivative platform Gemini Foundation in May in the heat of the regulatory tension in the United States. Derivatives Exchange Gemini Preps to Host Trading Competition Next Month

Nansen – a blockchain data firm based in Singapore – has laid off about 50 people at the time of writing, suggesting the crypto winter is not fully over. Nansen Says Goodbye to Many Employees 2022 was marred by news of many large crypto firms and companies laying off employees. Big names like Gemini in New York and Coinbase joined the ranks, with the latter initially putting off plans to triple its workforce. Originally, Coinbase had the goal to become bigger than...

The Gemini exchange in New York is relocating to Dublin, Ireland, and joins a growing list of digital currency exchanges and related companies leaving the U.S. either due to complicated regulations or persecution from agencies like the Securities and Exchange Commission (SEC). The Gemini Sets Its Sights on the Emerald Isle The crypto industry in the U.S. has been under heavy scrutiny from organizations like the one mentioned above. Its head, Gary Gensler, has gone...

Winklevoss-owned crypto exchange Gemini has filed a lawsuit against Digital Currency Group (DCG) – the owner of the institutional crypto lending company Genesis – for committing “fraud” against the exchange’s customers. The lawsuit asserts that DCG and its CEO, Barry Silbert induced depositors to lend “huge amounts of cryptocurrency and U.S. Dollars” to Genesis through “false, misleading, and incomplete representations” of the company’s financial position and “robust...

[unable to retrieve full-text content]CoinspeakerUnhappy Staff: Binance, Coinbase, and Gemini Rank Low in Job Satisfaction Companies like Circle, Ripple, and the non-fungible tokens (NFTs) marketplace OpenSea have happier employees. Unhappy Staff: Binance, Coinbase, and Gemini Rank Low in Job Satisfaction