Gemini Financial News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Tyler and Cameron Winklevoss, the billionaire twins behind crypto exchange Gemini, are facing a series of setbacks as issues surrounding their exchange have reached new heights in recent times.

debt ceiling stalemate and rising inflation in the UK. Bitcoin, in particular, has been witnessing significant fluctuations, trading between the range of US$26,000 and US$27,500 in recent days. On Thursday, BTC dropped below the US$26,000 level, as bearish pressure intensified in the market. This decline led to BTC reaching its lowest point since May 12th, touching a bottom of US$25,810. In the past 24 hours, Bitcoin's trading range has revolved around the US$26,400 level, showing a gain of over 1%. This increase can be attributed to the release of stronger-than-expected unemployment and productivity data in the United States. However, market sentiment remains heavily influenced by the ongoing negotiations surrounding the debt ceiling, which continues to capture investors' attention. Bitcoin has seen a decline of 9% in its month-to-date performance. Currently, BTC faces a resistance level at US$26,471. If the price manages to close near this level, it could potentially pave the way for further upward movement towards the US$26,600 and US$27,000 levels. Shifting focus to Ethereum, the second largest cryptocurrency, it has recorded a minor gain of 1.8% over the past 24 hours, with the currency trading around US$1,814. Ethereum has shown positive momentum over the past four days. While it has experienced a decline of over 4% in the month-to-date performance, it has surged by more than 50% year-to-date, showcasing its overall upward trend.

In a recent update, the cryptocurrency exchange Gemini, run by the Winklevoss twins, filed a motion to dismiss the SEC’s securities violation lawsuit. 

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Cryptocurrency exchange Gemini and bankruptcy crypto lending platform Genesis are firing back after being sued by the US Securities and Exchange Commission earlier this year.

The World Economic Forum, in collaboration with its Digital Currency Governance Consortium, has released a paper on regulating crypto assets.

Crypto exchange Gemini will have a second home in Ireland after co-founder Cameron Winklevoss announced it would make Ireland its European headquarters.

Crypto exchange Gemini has selected Dublin as the headquarters for its European operations, amid a backdrop of crypto companies seeking expansion outside of the United States.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Amid an ongoing crypto market downturn, digital asset-focused venture capital firm Digital Currency Group (DCG) has announced it is closing its subsidiary TradeBlock which offers its trading services to institutional investors.

Barry Silbert’s crypto conglomerate Digital Currency Group (DCG) saw its revenue rise 63% in the first quarter compared to the prior quarter, but it was still down on a year-over-year basis.

Crypto lender Genesis and its key creditor group have agreed to a 30-day mediation process in an attempt to move forward with a final restructuring plan, though one company is expressing "frustration" over the pace of progress.

Bitcoin enthusiasts and investors are buzzing with excitement as the world's most prominent cryptocurrency surges by 4% within just 24 hours. The sudden increase in Bitcoin's price has left many speculating about the factors driving this upswing, while others scramble to make sense of the market dynamics.

Blockchain Recovery Investment Committee is also backed by Coinbase, according to Fortune, citing a now deleted Arrington tweet.Celsius filed for bankruptcy and suspended customer withdrawals in July, citing a $1.19 billion deficit on its balance sheet.In January, New York's attorney general filed a civil lawsuit against founder Alex Mashinsky, alleging that he defrauded hundreds of thousands of investors out of billions of dollars worth of cryptocurrency.Earlier this month, the official committee of Celsius creditors won court approval to assert fraud and negligent misrepresentation claims against the company on behalf of account holders.

Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York. According to reports and court filings, crypto exchanges Gemini and Coinbase are among the companies participating in the bids. 

The European Union Parliament has passed into law its MiCA act, and big-time industry player and CEO of Binance Changpeng Zhao is raising support following the new crypto regulations.

United States-based crypto exchange Gemini announced on April 21 the upcoming launch of a derivatives platform outside the U.S. The move comes amid a tightening and uncertain regulatory environment for crypto firms in the country. 

Despite an ongoing legal tussle with US authorities, Winklevoss Twins-owned crypto exchange Gemini has announced the launch of a crypto derivatives platform. 

 Gemini’s global CTO, Pravjit Tiwana, will also be taking on the responsibility of APAC CEO for the company. In this position Tiwana will be leading new product launches from the region and ensuring financial stability.

United States-based cryptocurrency exchange Gemini announced the establishment of a new engineering hub in India with plans to tap into the country’s pool of top tech talent.