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Ethereum (ETH) price is aiming for $1,800 in February — Here is why
2.2.2023
ETH price is finding support at $1,560 and multiple data points are beginning to hint at a possible rally to $1,800 before the end of February
New York financial regulator investigates Gemini over FDIC claims: Report
30.1.2023
Many Gemini Earn users reportedly claimed assets in their accounts had been protected by the Federal Deposit Insurance Corporation
Today in Crypto: Bitcoin Mining Difficulty Hits New ATH, Gemini Reportedly Investigated by NYDFS, South Korea Plans to Create a Crypto Tracking System
30.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bitcoin Mining Difficulty Hits New ATH, Gemini Reportedly Investigated by NYDFS, South Korea Plans...
Crypto Exchange Gemini Emphasized FDIC Insurance in Communications With Earn Customers: Report
30.1.2023
Gemini reportedly claimed repeatedly that its the assets of customers using its Earn product were safe thanks to being backed by the FDIC
New York Regulator Investigating Crypto Exchange Gemini Over FDIC Claims: Report
30.1.2023
Gemini reportedly claimed repeatedly that its the assets of customers using its Earn product were safe thanks to being backed by the FDIC
Stablecoin Economy Sheds Another $3 Billion in 44 Days
28.1.2023
The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD...
Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go
28.1.2023
The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations”...
Founders of Gemini-Owned NFT Marketplace Nifty Exchange Are Leaving the Company
25.1.2023
The move comes amid wider problems and recent layoffs at Gemini
Nifty Gateway co-founders resign amid Gemini woes
25.1.2023
Nifty Gateway was founded in 2018 and acquired by Gemini in 2019
Cryptocurrency Exchange Gemini to Lay Off 10% of Workforce – Here’s What Happened
24.1.2023
New York-based cryptocurrency exchange Gemini is letting go of 10% of its workforce amid the ongoing bear market that has seen around $2 trillion wiped out of the crypto market.
This marks the third round of layoffs at the crypto exchange in the past eight months, the Information reported on...
Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May
24.1.2023
A lawyer for Genesis is optimistic it can resolve creditor disputes before the week is out while the firm could exit bankruptcy proceedings in four months
Crypto Markets Today: Bitcoin Holds Steady Near $23K; Gemini’s Job Cuts Continue
23.1.2023
FTX’s FTT token was up 8% for the day. Equities closed up
Crypto Exchange Gemini Cutting Another 10% of Staff: Report
23.1.2023
Gemini has been swept up in the problems of crypto lender Genesis Global Capital, with whom it partnered on an interest-earning product
Jim Cramer Thanks SEC Chairman for Standing up to ‘Crypto Bullies’ Seeking Spot Bitcoin ETF Approval
22.1.2023
The host of Mad Money, Jim Cramer, has thanked Securities and Exchange Commission (SEC) Chairman Gary Gensler for standing up to the “crypto bullies” who want the regulator to approve a spot bitcoin exchange-traded fund (ETF). Cramer has repeatedly warned about the SEC cracking down...
Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit
20.1.2023
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to support its ongoing business operations...
Bybit CEO offers clarity on exposure to Genesis, but community demands more
20.1.2023
The community questioned Bybit’s timing in revealing their exposure now and many demanded proof to back up the reassurance from the CEO
Genesis Files for Bankruptcy as it Seeks Protection From its Creditors – Which DCG Unit is Next to Fail?
20.1.2023
After months of struggling, crypto lending and trading firm Genesis has filed for bankruptcy - but it's not the end of its troubles.
Genesis, a unit of the Digital Currency Group (DCG), said in a press release that Genesis Global Holdco, LLC and two of its lending business subsidiaries, Genesis...
Gemini’s Bitcoin Inflows From Other Exchanges Dropped to Roughly Six-Year Low, CryptoQuant Data Shows
19.1.2023
Gemini’s 30-day simple moving average of its BTC inflows from accounts on other exchanges suggest traders find Gemini less desirable than other exchanges
MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves
19.1.2023
In a dramatically tight voting, some 51% of votes favored ousting Gemini’s stablecoin from MakerDAO’s reserve. The result is a significant blow to GUSD, as MakerDAO has held 85% of all tokens in circulation
Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis
18.1.2023
According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Securities and Exchange Commission (SEC) charging a subsidiary firm of DCG, Genesis...