Gemini

Tyler and Cameron Winklevoss, billionaire twins and founders of the Gemini crypto exchange, are turning their ambitions to the United Arab Emirates (UAE) as they plan to seek a digital-asset license in the country. The move, unveiled in a recent Gemini Twitter announcement, marks the initial...

The Winklevoss twins are currently facing a series of challenges regarding their cryptocurrency exchange, Gemini. The U.S. Securities and Exchange Commission (SEC) is suing Gemini for its alleged engagement in the unauthorized offering and selling of securities to retail investors, facilitated...

Cryptocurrency exchange Gemini, on Sunday, said that it will enter a mediation period with Genesis, a struggling crypto firm owned by Barry Silbert.  What Happened: The mediation process also involves Digital Currency Group, or DCG, Unsecured Creditors Committee and an ad-hoc Creditor Committee led...

Cryptocurrency exchange Gemini, on Monday, reportedly received a $100 million loan from its co-founders, Tyler Winklevoss and Cameron Winklevoss.  What Happened: The loan was made after Gemini failed to secure funding from outside investors, according to a Bloomberg report, citing anonymous...

JPMorgan (NYSE: JPM) has ended its banking relationship with Gemini, the cryptocurrency exchange owned by Cameron and Tyler Winklevoss. The banking giant had taken on Gemini and Coinbase (NASDAQ: COIN) as customers early last year. While Coinbase Global Inc (NASDAQ: COIN)'s banking...

Cameron Winklevoss, the co-founder of Gemini, said on Twitter that the company has entered into an "agreement in principle" with Barry Silbert's Genesis Global Capital on Monday. What Happened: Investors were at risk of losing hundreds of millions of dollars in Genesis’...

Stablecoin issuer Circle (CRYPTO: USDC) has stated that the Securities and Exchange Commission is to blame for the failure of its $9 billion plans to go public through a SPAC deal. What Happened: The group abandoned listing plans in December, telling the Financial Times that the deal fell...

Cryptocurrency exchange Gemini is reportedly laying off 10% of its staff, marking the company's third round of layoffs since June, The Information reported. The layoffs come as a result of the bankruptcy of crypto lender Genesis Global Capital and Gemini's inability to pay out funds to its...

Genesis Global, the crypto lending company that filed for bankruptcy protection in New York late Thursday, owes more than $3.6 billion to its top creditors.  What Happened: Genesis released a list of their top 50 unsecured creditors. We look at the top five unsecured claims,...

Digital Currency Group (DCG) has announced that it is suspending all dividend payments to its shareholders until further notice.  What Happened: According to the letter to shareholders seen by Bloomberg, the move comes as a result of contagion in the crypto space brought on by the bankruptcy...

The Securities and Exchange Commission (SEC) announced on Thursday it charged Genesis Global Capital and Gemini Trust Company “for the unregistered offer and sale of securities to retail investors through the Gemini Earn crypto asset lending program.” What Happened: The...

A popular crypto analyst recently declared that Gemini (CRYPTO: GUSD) is not involved in any shady dealings — they're simply "losers." What Happened: Ki Young Ju, co-founder of CryptoQuant, a crypto analysis platform, revealed that only $9 million Gemini is sitting on...

Digital Currency Group CEO Barry Silbert has refuted Gemini co-founder Cameron Winklevoss's allegations that his venture capital company owes hundreds of millions to the cryptocurrency platform. What Happened: Winklevoss said on Monday that DCG parent...

Binance saw most of the "dumb Bitcoin (CRYPTO: BTC) inflow" when it was first established in 2017.  A dumb money investor is an individual who makes poor investment decisions due to market hype or the fear of missing out. These investors usually purchase when the...

Binance, one of the world’s largest cryptocurrency exchanges, holds over 584,083 Bitcoin (CRYPTO: BTC) worth 9.34 billion in its reserve, data from CryptoQuant showed. What Happened: According to CryptoQuant, Binance has surpassed Coinbase Global (NASDAQ: COIN)...