7 / 7 Relevant items tagged with #Gemini
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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.
Don't’ believe the hype — Bitcoin price rally to $17K reflects improving sentiment
[Nov 30, 2022 2:30 PM] Negative newsflow continues to make headlines but BTC’s recent move above $17,000 suggests investors are finding reasons to be bullish.
Gemini gets regulatory greenlight in Italy, Greece amid lending halt
[Nov 30, 2022 6:06 AM] Winklevoss’ Gemini exchange received the latest regulatory approvals days before its lending product Gemini Earn faced major issues.
NYDIG Analyzed The FTX Collapse And Its Implications. What Did We Learn?
[Nov 19, 2022 2:19 AM] It’s time for NYDIG to chip in. The FTX fiasco is the theme of the month in the crypto world, and the show’s just beginning. The NYDIG research team avoids the temptation to summarize the whole saga and goes straight to the implications of the fall…
Crypto Lender Genesis Is On The Chopping Block As Contagion Continues
[Nov 19, 2022 2:00 AM] Genesis needs a $1 billion liquidity injection by Monday and Gemini sees significant bitcoin outflows as fears of insolvency spread throughout the industry. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin…
US crypto exchanges lead Bitcoin exodus: Over $1.5B in BTC withdrawn in one week
[Nov 17, 2022 3:36 AM] Cold feet are in charge as exchange users continue to move Bitcoin from exchanges to non-custodial wallets.
Genesis Global Capital Halts Bitcoin, Crypto Withdrawals
[Nov 16, 2022 9:09 AM] Following the implosion of FTX and the locking up of over $175 million, Genesis’s lending arm faces a liquidity crisis and is actively seeking new capital.Cryptocurrency lender Genesis Global Capital has paused withdrawals and loan applications…
FTX collapse could see crypto sector layoffs accelerate
[Nov 14, 2022 11:54 PM] While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.”