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Gemini Exchange Seeks to Retrieve $900 Million from Crypto Lender Genesis


Cryptocurrency exchange Gemini is trying to recover the $900 million it had paid in loan to crypto broker Genesis and its parent company Digital Currency Group (DCG).  According to a Financial Times report, the Winklevoss twins' crypto exchange is seeking to retrieve the funds after Genesis...

Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund


Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of the Korean state represented by Korea Venture Investment Corporation’s Korea Fund of Funds, aims to...

Big Four Company EY Takes Wavespace Utility to the Metaverse


EY, one of the “big four” accounting companies, is taking part of its software suite into the metaverse. EY wavespace, a utility that lets customers join meetings with EY personnel from several places around the world, will now include immersive experiences, allowing customers...

Crypto Exchange Gemini Axes 7% of Its Staff in Second Wave of Layoffs


Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is laying off more staff. According to reports, the company is axing 7% of its current workforce, as it engages in significant cost-cutting policies. This is the second wave of layoffs at Gemini, after the company laid off 10%...

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