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.…
Gemini Earn Affected As Genesis Crypto Lending Unit Halts Withdrawals
Following the collapse of FTX, the lending division of cryptocurrency investment bank Genesis Global Trading has temporarily stopped accepting redemptions and initiating new loans, Interim CEO Derar Islim informed customers in a call on Wednesday. According to the company’s website,…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
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,…
