Winklevoss twins save Gemini Exchange with $100 million personal loan amid crypto crisis
Gemini, the cryptocurrency exchange co-founded by Tyler and Cameron Winklevoss, has reportedly dipped into their own pockets to fund the business amid the current crypto market downturn. According to a Bloomberg report published on April 10, the twins have personally loaned $100 million to the exchange, following failed attempts to secure funding from outside investors. […]
Gemini assures customers of secure accounts despite third-party breaches
Gemini recently announced that it had identified a phishing campaign targeting users in the UK and Europe, attributing it to two third-party vendor incidents. In these attacks, scammers used emails and websites imitating Gemini’s branding. The company has assured its customers that no account information or systems have been affected, reiterating that all customer accounts […]
Investor files class action complaint against BlockFi founders and Gemini for frozen funds
On February 28, Trey Greene, an investor with approximately $2 million worth of funds frozen in the bankrupt cryptocurrency lender BlockFi, filed a class action complaint against its founders, two directors, and crypto exchange Gemini in the U.S. District Court for the District of New Jersey. However, Greene alleged the defendants had violated consumer fraud […]
Genesis, DCG reach agreement: Gemini Earn users one step closer to recover
Crypto investors using Gemini Earn are now much closer to reclaiming their finances with the newly announced agreement between US-based crypto exchange Gemini, Genesis Global Capital LLC (Genesis), and Digital Currency Group. The co-founder of Gemini, Cameron Winklevoss, declared on Twitter that there was an agreement in principle between Gemini and Genesis Global Capital LLC, […]
Gemini Exchange lays off 10% of staff in 3rd round of cuts
Gemini, the cryptocurrency exchange co-founded by Cameron and Tyler Winklevoss, announced that it would reduce its workforce by 10%. However, this is the third time Gemini has conducted layoffs in less than a year. Unlike many of its counterparts, Gemini is subject to New York banking regulations. Gemini reduced its workforce in November 2022 due […]
Genesis in hot water as it owes over $3.5 Billion to its top 50 creditors
Genesis has accrued a staggering $3.5 billion debt that it owes to its top 50 creditors, as revealed in its Chapter 11 bankruptcy filing. According to the filing, Genesis’s biggest debt is $765.9 million owed to Gemini Earn users. Although Cameron Winklevoss of Gemini estimated that in January Genesis was indebted to over 340,000 Gemini […]
Tyler Winklevoss claps back at the SEC for charging Gemini
The United States Securities and Exchange Commission (SEC) brought charges against crypto lending company Genesis Global Capital and Winklevoss-owned cryptocurrency exchange Gemini on January 12 for allegedly marketing and selling unregistered securities via Gemini’s Earn program. According to the SEC, Genesis lent cryptocurrency belonging to Gemini customers and paid a percentage of the gains back to […]
DCG plans to sell assets to help Genesis
The Financial Times reported on Thursday that Digital Currency Group might be selling off some of its venture portfolio assets to generate enough funds for Genesis, their wholly-owned subsidiary, to cover a staggering $3 billion deficit. DCG’s large portfolio of investments in the crypto space, with stakes in more than 200 projects such as Dune […]
Genesis CEO asks for more time as its parent company DCG faces intense pressure
The CEO of Genesis, a crypto broker, has requested more time to address the current issues with its lending unit as DCG (Digital Currency Group), its parent company, faces mounting strain. After FTX experienced a crash, Genesis decided to pause withdrawals in November. However, this left Gemini Earn with an alarming $900 million owed by […]
Here are the top five exchanges that are alternatives to Binance
Binance is the most popular cryptocurrency exchange platform in the world and is also regarded as one of the most secure. It is utilized on a massive scale in every region of the world, and it continues to amass licenses in nations that place use restrictions on it. As can be anticipated, the exchange has plenty […]
Crypto lender Genesis owes nearly $1B to Gemini’s customers
According to a story that was made public by the Financial Times on December 3 and cited persons with knowledge of the matter, cryptocurrency lender Genesis and its parent firm, Digital Currency Group (DCG), are believed to owe $900 million to the customers of Gemini. According to the report in the newspaper, the Gemini exchange […]
Gemini resumes services shortly after Genesis suspends withdrawals
Cryptocurrency exchange Gemini founded by the Winklevoss twins encountered significant service interruptions o Shortly after Genesis on Wednesday froze customer withdrawals. Later, the Company explained that the problems were caused by an Amazon Web Services EBS outage, and functionality was quickly restored. The majority of the firm’s services, including “fiat deposits and withdrawals,” were shut […]
How to stake Apecoin in 2022
ApeCoin was created in March 2022 as a way to use gaming, culture, and commerce. APE is the primary crypto of the Bored Ape Yacht Club ecosystem. This ERC-20 token has a market capitalization of US$4.02 billion, according to CoinMarketCap. However, only 28% of Apecoin’s 1 billion tokens are in circulation. With a growing number […]
Gemini: Winklevoss led exchange planning to lay off 10% of staff
Various companies are struggling with the changing market situation. Gemini is one of those exchanges which have continued to face problems due to lowered business. The impacts of the market changes are evident from lowering market shares and lowered influx of funds. The changes have impacted bigger exchanges like Binance, which are looking for secure […]
Gemini denies influencing LUNA decline
Gemini crypto exchange has refuted claims that it had something to do with the recent dump of Terra protocol’s native token, LUNA. According to the exchanges, the rumors that it was involved in the massive decline of the token are false. The company noted that contrary to public opinion, it didn’t lend out 100,000 BTC […]
Gemini exchange plans to use regulatory turbulence to overtake Binance
TL;DR Breakdown Multiple exchange firms plan to overrun Binance through regulatory compliance Binance under fire from many regulators after FCA called it illegal in UK Top American crypto trading platform Gemini Exchange has revealed plans to take over Binance as number one crypto exchange through regulatory compliance. This is in the wake of many clampdowns […]
Wealthsimple: Canada’s first regulated exchange goes live
Canada welcomes its first cryptocurrency exchange Wealthsimple following regulatory approval by the Canadian Securities Administrators (CSA) . The exchange is powered by the Winklevoss twins’ Gemini Trust Company and has been regulated by the federal government as well as regulators in 13 provinces and territories in Canada. Wealthsimple exchange launch Investment firm Wealthsimple announced on […]
Gemini crypto exchange improves security for Android, iOS users
Gemini crypto exchange has announced the integration of wireless hardware security keys, a two-factor authentication (2FA) method into its mobile app, in a bid to improve security for mobile users. According to the announcement, Gemini crypto exchange claims, it’s has become the first cryptocurrency exchange to roll out support for hardware security keys on iOS […]
Gemini welcomes latest New York BitLicense alterations
The newly updated New York BitLicense regulations have garnered a mixed response from the crypto community. But Gemini isn’t the one to shy away from crypto regulations. With its headquarters in New York, Gemini has chosen to fully comply with the new guidelines and looks set to increase its credentials as a law-abiding crypto exchange. […]
Winklevoss Twins Gemini plans Asia expansion
Founded by the billionaire twins Winklevoss Twins, the US-based cryptocurrency exchange and custodian Gemini is considering Asia expansion and has already appointed its new Managing Director for the Asia Pacific region. According to the announcement by Coindesk, Winklevoss Twins founded entrepreneurial venture is expanding its roots to Asia, following its successful launch in Australia last […]
Bitcoin billionaire book to be filmed telling Winklevoss twins crypto story
Greg Silverman ex-President, Creative Development and Worldwide Production, Warner Bros alongside Cameron and Tyler Winklevoss that founded Gemini Exchange are working together to produce a movie form Bitcoin billionaire book, published in 2019. Reportedly, Greg Silverman and Jon Berg would be co-producing the movie. Berg is famous for producing superhero movies Aquaman and Wonder woman. […]
Wallet integration with Gemini enhances Samsung services
Popular electronic and smart technology manufacturers, Samsung has partnered with Gemini, an exchange firm, to further wallet integration and make it easy for Americans and Canadians to access cryptocurrency services. The wallet integration partnership between the two firms would enable Samsung users’ trade crypto coins like BTC, ETH, and keep them in a cold wallet […]
JPMorgan crypto banking support services for Gemini and Coinbase
JPMorgan crypto banking support comes as no surprise for a banking institution that has its own token. According to a Wall Street source conversant with the arrangement, the bank becomes the first in the U.S. to extend a helping hand in the crypto space to support Gemini and Coinbase crypto exchange users. The report dated […]
Gemini Brave token trading support set for April 24
Gemini brave token trading is set to commence on April 24. The pay to browse token is a Brave browser open-source project. The support will see increases visibility of Brave (BAT) token giving the users additional browsing options. The announcement dated April 6 has been made through the Gemini portal. According to the statement, the […]
