Gemini, a cryptocurrency exchange established by Cameron and Tyler Winklevoss, has been focusing on its expansion into the European market. Recent developments include several strategic leadership appointments and efforts to align with the European Union’s new regulatory framework for digital…
Crypto Exchange Gemini Agrees to $50 Million Payout in Legal Settlement
The cryptocurrency market has been fraught with various legal battles, regulatory scrutiny, and investor skepticism. One of the latest developments involves Gemini Trust Co., a well-known crypto exchange, and its controversial Gemini Earn program. This article delves into the details…
SEC Legal Battle with Gemini and Genesis Over Unregistered Securities Claims
The Securities and Exchange Commission (SEC) has made significant progress in its case against Gemini Trust Co. and Genesis Global Capital, accusing them of illegally offering unregistered securities through their interest-paying product, Gemini Earn. US District Judge Edgardo Ramos recently…
NY AG files crypto fraud lawsuit against Gemini
New York Attorney General Letitia James has recently taken a lawsuit against cryptocurrency exchange Gemini Trust Co., alongside the insolvent crypto lender Genesis Global Capital and its parent company, Digital Currency Group. This move comes as part of a broader…
Why Gemini crypto exchange sued Genesis Global ?
In a significant legal development, cryptocurrency exchange Gemini has filed an adversary proceeding against bankrupt crypto lender Genesis Global Holdco in the Southern District of New York Bankruptcy Court. The dispute revolves around the ownership and distribution of 62,086,586 shares…
Gemini to Quit the Dutch Market by Mid-November, Cites Compliance Issues
Gemini, a New York-based cryptocurrency exchange, has recently announced its decision to suspend cryptocurrency services in the Netherlands. This move stems from the exchange’s inability to meet the stringent regulatory requirements set forth by the Dutch central bank, De Nederlandsche…
Did the Winklevoss Twins Have Prior Knowledge of Gemini Withdrawing $282 Million from Genesis Before its Bankruptcy?
In the ever-evolving landscape of cryptocurrency exchanges and financial institutions, the recent withdrawal of $282 million by Gemini from Genesis has drawn significant attention and raised concerns within the industry. This article delves into the details of this strategic move,…
Can Gemini Earn Participants Get All Money Back in the Updated DCG Compensation Plan?
Introduction In the world of cryptocurrency exchanges, Gemini has found itself entangled in the intricate bankruptcy proceedings of Genesis Global Capital, a digital-assets lender. In early 2023, Genesis initiated its bankruptcy filing, plunging into a financial quagmire and owing substantial…
Gemini Exchange Aims to Recoup $900M From Crypto Lender Genesis After FTX Collapse
Cryptocurrency exchange Gemini is attempting to recoup the $900 million it loaned to cryptocurrency broker Genesis and its parent company Digital Currency Group (DCG). Effects Of FTX Collapse The Financial Times reported that the Winklevoss twins’ cryptocurrency exchange is attempting…
Gemini Under Scrutiny Despite Assurances that Funds are Safe
The collapse of FTX, a major cryptocurrency exchange, has put into question the stability of all exchanges. This doubt in the crypto space did not spare Gemini, considered to be one of the most regulated crypto companies in the US.…
Why Did North Korean Hackers Steal $1.3 Billion in Crypto in 2024?
North Korean hackers have increasingly targeted cryptocurrency platforms, stealing significant amounts and using advanced methods to hide their activities. In 2024, they were responsible for over half of the $2.2 billion lost globally to crypto theft. These attacks often involve…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
