Nifty Gateway co-founders resign amid Gemini woes
[Jan 25, 2023 10:00 AM] Nifty Gateway was founded in 2018 and acquired by Gemini in 2019.
6 / 7 Relevant items tagged with #Gemini
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Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May
[Jan 23, 2023 11:11 PM] A lawyer for Genesis is optimistic it can resolve creditor disputes before the week is out while the firm could exit bankruptcy proceedings in four months.
Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit
[Jan 20, 2023 8:00 AM] Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to…
Bybit CEO offers clarity on exposure to Genesis, but community demands more
[Jan 20, 2023 5:23 AM] The community questioned Bybit’s timing in revealing their exposure now and many demanded proof to back up the reassurance from the CEO.
Crypto exchange Gemini launches new electronic OTC trading solution
[Jan 19, 2023 10:53 AM] 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 of…
Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets
[Jan 14, 2023 11:30 AM] Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1…
Gemini and Genesis’ legal troubles stand to shake up industry further
[Jan 14, 2023 9:01 AM] Now that the SEC has gotten involved in the ongoing Gemini–Genesis spat, things could get ugly for both parties in the near term.
Total crypto market cap closes in on $1T right as Bitcoin price moves toward $20K
[Jan 13, 2023 4:30 PM] Crypto traders chase after neutral-to-bullish options as Bitcoin price targets $20,000 and the total crypto market cap surges above $900 billion.
Potential Paths Forward For The Grayscale Bitcoin Trust
[Jan 13, 2023 2:00 AM] 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…
Digital Currency Group CEO Barry Silbert Responds to Accusations by Gemini’s Cameron Winklevoss With Shareholders Letter
[Jan 11, 2023 9:00 AM] Barry Silbert, CEO of Digital Currency Group (DCG), has released a letter to shareholders in response to a recent open letter from Gemini CEO Cameron Winklevoss. The letter, issued Tuesday by Winklevoss, calls for the DCG board to force Silbert to…
Dutch exchange Bitvavo rejects DCG’s proposal to repay 70% of debt
[Jan 11, 2023 7:07 AM] After having about $290 million locked at Digital Currency Group, Bitvavo decided to pre-fund the assets on its own and is now looking for full repayment.
Gemini Co-Founder Accuses Digital Currency Group of Misrepresentation, Demands CEO Resignation
[Jan 10, 2023 12:30 PM] Gemini CEO Cameron Winklevoss has published another open letter on Twitter, addressed to the board members of Digital Currency Group (DCG). In the letter, Winklevoss accuses DCG and CEO Barry Silbert of making poor decisions with the now-defunct…
Gemini’s Winklevoss Alleges DCG, Genesis Defrauded His Exchange And 340,000 Users
[Jan 10, 2023 11:24 AM] Cameron Winklevoss, president and co-founder of Gemini, has written an open letter demanding Barry Silbert’s removal as CEO of Digital Currency Group.The Co-Founder of Gemini, Cameron Winklevoss, has released an extensive letter alleging that…
Cameron Winklevoss: ‘There is no path forward as long as Barry Silbert remains CEO of DCG’
[Jan 10, 2023 8:28 AM] Recursive trades between the Grayscale Bitcoin Trust and the Three Arrows Capital hedge fund allegedly inflated assets, according to an open letter from the Gemini co-founder.
Digital Currency Group under investigation by U.S. authorities: Report
[Jan 8, 2023 10:47 AM] U.S. authorities are reportedly investigating internal transfers from Digital Currency Group to its subsidiary Genesis.
Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis
BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues
[Jan 6, 2023 9:00 AM] According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion…
Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process
[Jan 5, 2023 3:30 PM] The founders of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have been served subpoenas by the fund’s liquidators via Twitter. While serving subpoenas on Twitter is rare, it has happened on various occasions in the…
Genesis tells clients it needs more time on financial woes after Gemini demands action
[Jan 4, 2023 3:00 PM] Genesis interim CEO Derar Islim has sent a second letter to clients to say the crypto lender is working on its liquidity issues resulting from the FTX collapse, but they’re not there yet.
Gemini’s Cameron Winklevoss Insists Digital Currency Group Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert
[Jan 3, 2023 9:30 AM] Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47 days since withdrawals from Genesis had been halted. In…
Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens
Crypto investors sue Winklevoss twins over interest accounts on Gemini
[Dec 28, 2022 7:24 AM] Plaintiffs have alleged that the products have not been registered, which prevented them from receiving disclosures to better assess the risks of using Gemini Earn.
Crypto billionaires lost $116M since March: Report
[Dec 24, 2022 12:50 PM] The loss represents the collective personal equity of 17 people in the space, including 15 who have lost over half of their fortunes since March.
Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues
[Dec 18, 2022 1:00 PM] Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors…
Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month
[Dec 16, 2022 2:30 PM] While billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of…
Crypto users claim Gemini email leak occurred much earlier than first reported
[Dec 14, 2022 12:59 PM] Alleged reports of compromised emails began appearing as early as October.
Gemini allegedly suffered data breach; 5.7 million emails leaked
[Dec 14, 2022 9:03 AM] Users’ emails, account numbers and partial phone numbers were allegedly leaked.
Bitcoin’s Third Largest Wallet Changed Hands, but Onchain Data Shows It’s Likely the Same Owner
Report: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets
[Dec 3, 2022 10:30 AM] According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to…
Crypto lender Genesis allegedly owes $900M to Gemini's clients: Report
[Dec 3, 2022 10:05 AM] The issue is tied to the Gemini Earn program, which offers 8% earn interest on crypto lending and is operated by Gemini in partnership with Genesis.