Tagged: gemini

Digital Assets: Solana (SOL) Staking Now Available on Gemini

Digital asset firm Gemini is pleased to announce that clients are now able to stake Solana (SOL) through Gemini Staking, allowing users to seamlessly receive SOL staking rewards in their Gemini account. Gemini Staking now “supports staking for Ethereum (ETH), Polygon (MATIC), and Solana (SOL).”… Read More

Gemini Sues Digital Currency Group (DCG), CEO Barry Silbert After Dispute Over Unit’s Restructuring Process

Digital asset firm Gemini, one of the largest creditors of bankrupt virtual currency lending platform Genesis, has reportedly sued parent firm Digital Currency Group (DCG) and its CEO. This update has been announced the day after DCG missed the crypto exchange’s deadline for agreeing to… Read More

Cameron Winklevoss of Gemini Sends Terms to DCG, Barry Silbert

The ongoing battler between the Digital Currency Group (DCG) and Gemini has ratcheted up as Cameron Winklevoss has sent a demand letter to DCG and founder Barry Silbert. To take a step back, Gemini had utilized the services of DCG subsidiary Genesis for its yield… Read More

Digital Assets: Gemini Welcomes Voyager Clients to their Platform

Through July 23, 2023, Voyager customers impacted by the Voyager bankruptcy can create a Gemini account “to withdraw their crypto in-kind, pursuant to the claims of the distribution process.” Gemini are pleased “to offer a promotional welcome to all Voyager customers who join Gemini.” New… Read More

Wealthtech: Gemini to Support Crypto Wealth Technology Products With Shrimpy Advisory, Hedgehog

At Gemini, they claim to provide a seamless onramp “to the world of crypto for individuals, institutions, and businesses of all sizes.” Gemini‘s core products, the Gemini Exchange and Gemini Custody, “can be easily integrated with startups seeking a secure and compliant way to offer… Read More

Digital Asset Firm Gemini Announces Expansion Plans in APAC Region

Gemini is pleased to announce their expansion plans in APAC as Gemini’s leadership team recently visited the region on their global odyssey “to propel the promise of crypto.” Over the next 12 months, they plan “to increase their headcount to 100+ in Singapore.” Gemini’s APAC… Read More

Digital Asset Firm Gemini Announces Plans for UAE Crypto License

The team at Gemini is pleased to announce that Gemini will soon “begin the process of acquiring a crypto license to serve customers based in the United Arab Emirates (UAE).” As a “forward-thinking,” global financial hub, the UAE is “continuing its tradition of leadership by… Read More

Digital Assets: Gemini Introduces Non-US Crypto Derivatives Platform

The team at Gemini is pleased to announce the upcoming launch of Gemini Foundation — a non-US crypto derivatives platform. Their first derivatives contract “will be a BTC perpetual contract denominated in Gemini dollars (GUSD).” An ETH/GUSD perpetual contract “will launch soon thereafter.” Gemini Foundation… Read More

JP Morgan Severs Relationship with Gemini, Crypto Firm Disputes Claim: Report

JP Morgan (NYSE:JPM) has severed its relationship with the Winklevoss brothers crypto platform Gemini, according to a report by Reuters. The article cited a contact that was “familiar with the situation.” At the same time, Gemini is disputing the claim. In a Tweet, Gemini stated… Read More

Genesis Reaches an Agreement in Principle with Parent Digital Currency Group

Genesis Global Holdco, LLC says that it has reached an “agreement in principle” with Digital Currency Group (DCG) and the ad hoc groups of creditors of Genesis Global Capital, LLC, which holds or represents more than $2 billion in claims, according to a note from… Read More

Digital Asset Firm Gemini Introduces Electronic OTC Solution

Digital asset firm Gemini is pleased to announce the launch of electronic over-the-counter trading (eOTC), which is described as “a fully-automated crypto trading solution tailored to institutional counterparties worldwide, which will be offered through an affiliate of Gemini Trust Company, LLC (GTC).” Gemini eOTC offers… Read More

Genesis Receives Court Approval on First Day Motions Under Bankruptcy Proceedings

Genesis Global Holdco has received approval from the US Bankruptcy Court for the Southern District of New York for all the first-day motions related to its Chapter 11 filed on January 19, 2023. Last week, Genesis filed for bankruptcy protection after a period when it… Read More

Gemini Cuts Workforce: Report

Photo courtesy notionscapital on Flickr

Gemini, a crypto firm regulated by the New York State Department of Financial Services (NYDFS), is cutting its employee headcount once again, according to a report. Like many other crypto trading platforms, the drop in digital asset valuations, along with crypto contagion, has impacted Gemini’s… Read More

Genesis Files for Bankruptcy After Holding Out for Weeks as Crypto Contagion Continues

Late last night, Genesis, part of the Digital Currency Group (DCG), filed for Chapter 11 bankruptcy protection as it looks to restructure in light of a challenging environment in the crypto sector which has impacted multiple firms. Genesis is a digital asset prime brokerage that… Read More

Gemini Comments on SEC Enforcement Action Targeting it and Genesis

Yesterday, the Securities and Exchange Commission (SEC) announced an enforcement action against Gemini, a digital asset platform, and Genesis – a subsidiary of Digital Currency Group (DCG). The revelation of the lawsuit arrived at a challenging time for both firms as Gemini is in the… Read More

Digital Assets: Gemini Adds Support for Cosmos (ATOM)

Digital asset firm Gemini says it’s pleased to announce support for Cosmos (ATOM), adding a new blockchain to Gemini’s growing list of supported networks. ATOM is now “available for deposits on Gemini.” Trading for ATOM will follow, “opening first on our API/FIX and ActiveTrader applications… Read More

Boom. SEC Files Charges Against BOTH Gemini and Genesis for Sale of Unregistered Securities in Earn Program

The ongoing virtual fisticuffs between Gemini and Genesis – a subsidiary of Digital Currency Group (DCG), just took a dramatic twist as the Securities and Exchange Commission (SEC) has filed charges against both Gemini and Genesis pertaining to the Gemini Earn program and the sale… Read More

Accounting Fraud and Private Lies: Cameron Winklevoss Calls Out Digital Currency Group as Temperatures Rise in Dispute

Cameron Winklevoss, co-founder of the Gemini, has taken to Twitter once again to take Digital Currency Group (DCG) to task in regards to their relationship with DCG subsidiary Genesis. Last week, Winklevoss posted a letter on Twitter criticizing founder Barry Silbert and his DCG, hammering… Read More

Crypto Analyst Provides Gloomy Perspective on Digital Currency Group, Genesis: “Curtains are Closing”

The drums are pounding for institutional crypto trading firm Genesis and its parent company Digital Currency Group (DGC). Genesis halted redemptions in November following “abnormal withdrawal requests which have exceeded our current liquidity.” This event has impacted the crypto trading platform Gemini as it utilized… Read More

Genesis Pondering Bankruptcy Filing: Report

Genesis, part of the Digital Currency Group (DCG) and previously a big crypto lender, is considering filing for Chapter 11 bankruptcy, according to a report. The institutional-focused digital asset platform revealed issues in November when it temporarily suspended redemptions. Genesis, like some other crypto firms,… Read More

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