Gemini Financial News

01.07 / 20:43

business coinbase Gemini June roundup: who's hiring and who's firing in the crypto space

Amid the recent volatility in the crypto market affecting investments and stock prices, many firms made significant staff cuts in the last month while others continued hiring.

21.06 / 12:28

BLOCK Cooper Platform Gemini Celsius Repays Compound Finance $10m Worth of DAI

Crypto lender Celsius Network has repaid interest-yielding DeFi service Compound Finance with $10 million worth of the DAI stablecoin, according to a report from Crypto Briefing.

15.06 / 20:03

business coinbase Gemini FINRA FINRA may hire employees terminated from crypto firms: Report

The United States Financial Industry Regulatory Authority, or FINRA, reportedly plans to “bulk up” its capability to monitor crypto — a move which could include scooping up employees recently terminated from crypto companies.

14.06 / 16:33

FIVE coinbase Gemini Bitcoin Coinbase to lay off 1100 employees

Coinbase had already put in place a hiring freeze and rescinded a host of accepted job offers.The news comes as crypto markets are in freefall. Yesterday, bitcoin crashed to its lowest level since December 2020 after one of the crypto-economy's largest lenders, Celsius Network, suspended withdrawals on Sunday.Bitcoin is currently trading at around $22,000, down from an all-time peak of nearly $65,000.Yesterday, BlockFi said it is cutting about 20% if its staff, while Crypto.com said it will axe five per cent of its workforce.

14.06 / 13:53

Gemini Investment Bitcoin Celsius Problems Impact Nuri's Bitcoin Interest Accounts

With the massive downturn fueled by major crypto lender Celsius (CEL) continuing to roll over numerous crypto businesses worldwide, German crypto bank Nuri has announced that its bitcoin (BTC) interest accounts are affected due to their reliance on Celsius.

13.06 / 13:47

MARKET Altcoins Gemini Nexo 100º Celsius: Industry Debating Possible Impact, Lenders Reassuring Users, Nexo Offers Help

Major crypto lender Celsius (CEL) has entered boiling hot water today when it announced a halt to withdrawals, transfers between accounts, and Swap – leaving the crypto industry to try and figure out how this crisis may affect it, as lenders left and right reassure their users of normal operations.

13.06 / 12:29

VISA coinbase Gemini freeze Coinbase extends hiring freeze, rescinds job offers

The news comes shortly after rival outfit Gemini said it will lay off 10% of its staff amid worries about a "crypto winter".Coinbase paused hiring two weeks ago but now chief people officer L J Brock says it has "become evident that we need to take more stringent measures to slow our headcount growth" in response to market conditions and "ongoing business prioritisation efforts".The hiring freeze will go on for as long as the "macro environment requires" and will include backfills.

10.06 / 02:07

Gemini Crypto unicorn Gemini lays off 10% of workforce

Gemini, which is estimated to employee around 1000 people, will lay off about 10% of its workforce as its becomes "focused only on products that are critical to our mission"."Today is a tough day, but one that will make Gemini better over the long run,” say the twins, who raised $400 million at a $7.1 billion valuation late last year.

10.06 / 02:07

UPS Gemini Bitcoin CFTC sues Gemini over 'false statements' relating bitcoin futures plan

The statements were false or misleading with respect to, among other things, "facts relevant to understanding whether the proposed Bitcoin Futures Contract would be readily susceptible to manipulation".Gemini staff "knew or reasonably should have known" that the statements were false or misleading, says the CFTC.The regulator is seeking disgorgement of ill-gotten gains, civil monetary penalties, and injunctions relating to registration and trading.In a statement, Gemini says: "We have an eight year track-record of asking for permission, not forgiveness, and always doing the right thing.

08.06 / 22:43

SEC Gemini Bitcoin Bears Bitcoin bears have plenty of reasons to hold BTC price below $32,000

Since May 10, the Bitcoin (BTC) chart shows a relatively tight range of price movement and the cryptocurrency has failed to break the $32,000 resistance on multiple occasions.

06.06 / 22:25

business Blockchain regulation Gemini Exploit Financial IRA Financial Trust to sue Gemini over $36M crypto assets exploit back in February

On Monday, IRA Financial Trust, a platform providing self-directed digital asset retirement and pension accounts, filed a lawsuit against cryptocurrency exchange Gemini for alleged negligence in safeguarding customers' digital assets during a critical exploit. The firm's client accounts were held in Gemini's custody. On February 8, a breach led to the siphoning of $36 million in crypto assets from customers' accounts via unauthorized withdrawals.

06.06 / 19:11

Binance ETF Gemini Legal DEXes Outpace CEXes, Binance Buys CAKE, Losing Crypto Funds, IRA vs. Gemini + More 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.

06.06 / 12:21

Kucoin Platform coinbase Gemini Coinbase is Safest Crypto Exchange Overall: BrokerChooser

Coinbase is the safest among all cryptocurrency exchanges globally in 2022, according to research by BrokerChooser.

06.06 / 02:21

VISA coinbase Gemini freeze Coinbase extends hiring freeze, rescinds job offers

04.06 / 10:07

cryptocurrency Gemini cryptocurrency news Bitcoin Crypto Exchange Gemini Sued Over 2017 Bitcoin Futures Contract: US CFTC

US CFTC sues crypto exchange Gemini over 2017 statements

03.06 / 02:39

UPS Gemini Bitcoin CFTC sues Gemini over 'false statements' relating bitcoin futures plan

02.06 / 20:39

CFTC regulation Gemini Bitcoin CFTC sues Gemini claiming the crypto exchange lied in futures contract evaluation

The United States Commodity Futures Trading Commission (CFTC) filed suit against Gemini Trust Co. in the U.S. Southern District Court of New York on Thursday. The CFTC claimed in the civil suit that Gemini made false or misleading statements to the CFTC in 2017 during in-person meetings and in documents, violating the Commodity Exchange Act and other regulations.

02.06 / 17:49

business coinbase Gemini Bitcoin Major crypto firms reportedly cut up to 10% of staff amid bear market

Gemini, a cryptocurrency trading platform founded by brothers Cameron and Tyler Winklevoss, is the latest industry firm to lay off a significant part of its staff due to unfavorable market conditions.

02.06 / 16:37

Gemini Crypto unicorn Gemini lays off 10% of workforce

31.05 / 14:51

Blockchain Provident Gemini Bitcoin CBA presses pause on crypto pilot

The bank said in November that it had partnered with crypto exchange and custodian, Gemini, and blockchain analysis firm, Chainalysis to design a service that will be offered to customers through a new feature in the app. A pilot programme was initiated that provided access to up to ten selected crypto assets including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

27.05 / 14:35

MARKET Gemini stocks Bitcoin Redemptions Decoupling of Crypto and Stocks 'Driven by Fund Redemptions', 'Should Cease' Today as Stock Markets Close

After much talk in recent years about an increasing correlation between stocks and bitcoin (BTC), a ‘decoupling’ between the two has been observed in May, as BTC has fallen significantly more than stocks. But according to an observer, bitcoin could find support as soon as the stock market closes for the week.

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