Tag Archives: gemini

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Popular digital currency exchange Coinbase is launching its Bermuda-based trading platform. After just a few weeks of teasing that it had gotten the proper licensing documents due to regulatory scrutiny in the U.S., the firm appears to be opening its international enterprise without delay. Coinbase Has Opened...

Amid growing concerns about consumer protection, market integrity, and financial crimes, the FCA has increased its scrutiny of the crypto sector. The UK’s Financial Conduct Authority (FCA) has approved Bitstamp’s registration as a crypto asset firm. Following the approval, Bitstamp became only the third firm to obtain the FCA license as a crypto exchange, following Gemini and Archax. Bitstamp Secures FCA Approval According to the FCA’s crypto register, Bitstamp UK Limited secured...

The Winklevoss-led crypto exchange Gemini announced it has started the process of acquiring a crypto license to serve customers based in the United Arab Emirates (UAE). As part of its global expansion plans, Gemini revealed engaging with stakeholders throughout the region to learn more about local regulatory requirements and the needs of UAE crypto investors. In other exchange-related news, Crypto.com said it had acquired a Major Payment Institution license for Digital...

Gemini is looking to expand its business offerings across the UAE as regulators begin to accept applications for VASP licensing. Leading cryptocurrency exchange Gemini has announced its plans to secure a license in the United Arab Emirates (UAE) to tap into the surging interest in digital assets in the region. The move aligns with the company’s commitment to catering to the evolving needs of investors and its plans to strengthen its position in the global crypto market. In a blog post...

Crypto exchange Gemini and bankrupt digital asset lender Genesis Global Capital have jointly filed a motion to dismiss a lawsuit from the U.S. Securities and Exchange Commission (SEC) against the former’s Earn program. According to a document filed at the United States District Court for the Southern District of New York on Friday, May 26, Gemini and Genesis insisted that the SEC has no basis in law to describe the Earn product as the sale of unregistered securities, as it...

The outcome of the SEC’s lawsuit against Gemini and Genesis is expected to have significant implications for the crypto industry and its evolving regulatory landscape. Gemini crypto exchange, and Genesis, an insolvent crypto lender, have jointly filed a motion in US federal court, seeking the dismissal of the complaint filed by the United States Securities and Exchange Commission (SEC) complaint against the Earn Program. The SEC alleges that the Earn Program, operated by both firms,...

The regulatory tension in the United States has caused many large crypto-focused companies to look abroad, and Gemini is no exception. The firm led by the Winklevoss twins has managed to secure a license to operate as a Virtual Asset Service Provider in Ireland. The company said it will host its European operation in Dublin. Leo Varadkar, the prime minister of Ireland, took the opportunity to formally congratulate Gemini. Gemini – the first firm registered by the Central Bank...

Gemini also plans to expand its workforce after the EU adopted the new Markets in Crypto-Assets Regulations (MiCA), which were formally approved on May 16. Cryptocurrency firm Gemini has revealed that Dublin, Ireland, will be the home of its new European headquarters. On May 25, Tyler and Cameron Winklevoss, owners of the crypto firm, told reporters that the established technology and innovation community, a strong regulatory landscape, and a huge talent pool were all factors that...

The Digital Currency Group (DCG) has been dealing with financial turmoil for several months now. Mostly, its financial issues are due to the liquidity crisis that one of its owned companies, Genesis, is facing. Internal and External Disputes Although the financial problems of the DCG Group primarily boil down to the predicament Genesis is in, some creditors – Gemini chief among them – believe the main culprit is the CEO of the DCG Group, Barry Silbert. According to the...

Gemini seeks to exact its owed payment sum from Genesis parent DCG and is working with several creditors on a forbearance plan. Gemini Trust Company LLC recently said that Genesis parent DCG missed a $630 million loan payment last week. This development is the latest occurrence in the ongoing dispute between the Cameron Winklevoss-run crypto custodian and digital currency VC firm. In January, Gemini CEO Winklevoss threatened to sue his DCG counterpart Barry Silbert, and the entire company,...