Gemini Financial News

14.02 / 19:55

BTC Gemini Southern Bitcoin Former Gemini executives faced criminal investigation in 2022: Report

Two former executives at crypto exchange Gemini were probed as part of a now-closed criminal investigation related to the first US Bitcoin [BTC] futures contract, which was debuted by the exchange. The investigation revolved around the civil case filed against the exchange by the Commodity Futures Trading Commission (CFTC) in June 2022.

13.02 / 20:02

UPS Digital SEC Platform Action Gemini More Trouble For Winklevoss Brothers As SEC Sues Over 'Gemini Earn' Program

The Securities and Exchange Commission (SEC) sued crypto firms Genesis Global Capital and Gemini for offering and selling unregistered securities to investors through the Gemini Earn crypto lending program, just a day after crypto exchange Gemini terminated its flagship Earn program over a dispute with crypto lender Genesis.

13.02 / 19:56

UPS Platform coinbase Gemini Kraken Huobi Crypto Winter Gets Icier Just Days Into New Year

Less than a week into the New Year, the cryptocurrency winter is turning icier as job cuts mount, regulators turn up the heat and firms warn of losses--and there's little sign the tumult will ebb anytime soon.

13.02 / 19:48

Provident Target Digital Platform Action coinbase Gemini Silvergate Shares Plunge 45% After $8 Billion Crypto Run Is Revealed

Shares of Silvergate Capital Corp., a crypto-focused California bank, lost almost half their value after the Wall Street Journal reported it spent the equivalent of a decade's profit and fired 40% of its workers after investors scrambled to redeem $8.1 billion in the wake of crypto exchange FTX's collapse. Silvergate, based in La Jolla, slid 45% to $12.27 as of 12:20 p.m. New York time. It was the bank's biggest one-day decline since March 12, 2020.

13.02 / 19:44

COST UPS Digital Action Fallout Gemini dividend Digital Currency Group Halts Dividend Amid Genesis Crisis

Cryptocurrency conglomerate Digital Currency Group (DCG) said it halted dividend payments, telling shareholders that it's focused on strengthening its balance sheet by cutting costs as it copes with fallout from the FTX meltdown that was itself triggered by reporting by one of its own units.

13.02 / 19:26

UPS Digital CEO Assurant Fallout Gemini Gemini's Winklevoss Claims Fraud, Calls for Removal of DCG Chief

Cameron Winklevoss, the co-founder of crypto exchange Gemini, launched an attack on Genesis, a crypto lender, saying the lender defrauded his company and more than 340,000 clients.

13.02 / 19:25

COST Binance Digital CEO Gemini Coindesk Crypto lender Genesis Crypto Lender Genesis Slashes 30% of Staff, Considers Bankruptcy

Cryptocurrency lender Genesis Global Trading Inc. laid off 30% of its workforce in a second round of layoffs in six months, and is considering bankruptcy as the FTX contagion continues to spread.

13.02 / 19:06

Lowe's Digital Career CEO Platform Gemini Crypto Lending Platforms Hit Hard as Contagion Spreads

The crypto lending industry, which handed borrowers billions of dollars in just the past few years, faces its biggest crisis yet as some of its leading firms implode.

13.02 / 19:06

UPS CEO Platform Fallout Gemini BlockFi Declares Bankruptcy As FTX Fallout Spreads

Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection on Monday along with eight affiliates as contagion from the collapse of cryptocurrency exchange FTX spreads across the industry.

13.02 / 19:00

Digital Platform coinbase Gemini Kraken Southern Bitcoin Crypto lender Genesis Crypto Lender Genesis Files for Bankruptcy as FTX Contagion Spreads

Genesis, a crypto lending platform owned by venture capital firm Digital Currency Group, joined crypto firm BlockFi in filing for bankruptcy, the latest crypto company to go belly-up amid allegations of fraud after the collapse of FTX late last year.

13.02 / 18:48

Blockchain Digital SEC Platform Action Gemini Kraken Crypto exchange Kraken settles with SEC for $30 million, will close U.S. staking operation

Crypto exchange Kraken will shutter its U.S. cryptocurrency staking operation and pay a $30 million fine to settle an enforcement action alleging it sold unregistered securities, the Securities and Exchange Commission said Thursday.

13.02 / 18:22

Provident Binance Digital CEO Platform Gemini Coindesk CoinDesk Explores Sale as DCG Crisis Worsens

Cryptocurrency news provider CoinDesk, which broke the news that led to the collapse of FTX, hired financial advisory firm Lazard to explore a potential sale as its parent, Digital Currency Group, faces financial strain from the collapse of the cryptocurrency platform.

09.02 / 01:31

business Law Gemini Court Bankruptcy creditors What creditors can expect from Genesis’ bankruptcy — and what others can learn

The holding company of troubled crypto lender Genesis Global Capital, Genesis Global Holdco LLC, filed for Chapter 11 bankruptcy protection in New York on Jan. 19. Genesis is the latest crypto platform to file for bankruptcy, joining Celsius, Voyager, BlockFi and FTX.

07.02 / 17:31

Gemini Digital Currency Group Digital Currency Group Announces Major Shake-Up: Genesis Trading and Lending Arms to be Sold

The troubled crypto firm Genesis has reached an agreement with key creditors that would involve a sale of the crypto lending and trading arm of the company.

02.02 / 21:49

markets Ethereum Ether price Gemini Ethereum (ETH) price is aiming for $1,800 in February — Here is why

Ether (ETH) has been struggling with the $1,680 resistance since Jan. 20. Still, the ascending triangle pattern and improvements in investor sentiment in ETH derivatives provides hope that Ether price could reach $1,800 or higher by the end of February. This, of course, depends on how the Ether price behaves as it reaches the pattern deadline by mid-February.

01.02 / 14:15

Ripple XRP SEC Gemini LBC LBRY Bitcoin LBRY Credits’ Win Against SEC Ignites Hope for the XRP Community

The US Securities and Exchange Commission (SEC) has been going after several crypto projects and companies for claiming that they are selling unregistered securities. In November last year, the SEC won a case against LBRY Credits, with the judge ruling that the LBC token was an investment contract. However, in a recent win for the LBRY community, the judge clarified that the ruling did not include secondary market sales.

30.01 / 23:03

regulation Gemini lending NYDFS Financial New York financial regulator investigates Gemini over FDIC claims: Report

New York State’s Department of Financial Services is reportedly investigating cryptocurrency exchange Gemini over claims the firm made in regards to assets under its Earn lending program.

30.01 / 19:11

Gemini Legal Bitcoin Mining Difficulty tracking ATH Today in Crypto: Bitcoin Mining Difficulty Hits New ATH, Gemini Reportedly Investigated by NYDFS, South Korea Plans to Create a Crypto Tracking System

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

26.01 / 22:25

business Gemini Grayscale FTX Winklevoss Twins Digital Currency Group Opinion: Barry Silbert keeps quiet as Genesis goes down in flames

Just two months after the collapse of FTX, Genesis is following suit.

25.01 / 19:19

business Blockchain NFT Gemini Nifty Gateway co-founders resign amid Gemini woes

In a Twitter thread posted on Jan. 25, Duncan Cock Foster and Griffin Cock Foster, co-founders of nonfungible token (NFT) auction platform Nifty Gateway, announced their resignations effective immediately. In supporting the decision, Duncan said they were leaving because “Griffin and I are founders at heart, and we want to start another company.”

24.01 / 11:17

Ethereum ETH BTC Lowe's FIVE Gemini Bitcoin Bitcoin Prices and Ethereum Prediction: Will BTC's Recent Price Surge To Over $23,000 Lead To A Bullish Rally?

Bitcoin, the world's most valuable cryptocurrency, has been rising and has reached $23,333 for the first time since August 19. Over the weekend, BTC broke through the $23,000 barrier for the first time in five months, making it exciting for the cryptocurrency market.

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