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According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to FT’s sources. Report Claims Genesis Owes the Winklevoss-Operated Exchange Gemini $900 Million FT reports that the centralized … Read more
The issue is tied to the Gemini Earn program, which offers 8% earn interest on crypto lending and is operated by Gemini in partnership with Genesis. Go to Source Powered by WPeMatico
Negative newsflow continues to make headlines but BTC’s recent move above $17,000 suggests investors are finding reasons to be bullish. Go to Source Powered by WPeMatico
Winklevoss’ Gemini exchange received the latest regulatory approvals days before its lending product Gemini Earn faced major issues. Go to Source Powered by WPeMatico
Cold feet are in charge as exchange users continue to move Bitcoin from exchanges to non-custodial wallets. Go to Source Powered by WPeMatico
While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.” Go to Source Powered by WPeMatico
Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60 billion in trade volume. Out of the top ten crypto exchanges by trade volume, exchanges saw increases between 126% to 305% during … Read more
While the stablecoin economy has seen fluctuations from specific stablecoin tokens either increasing the project’s number of tokens in circulation or decreasing the supply, the stablecoin GUSD issued by Gemini has increased by 129.5% during the last 30 days. GUSD Sees Supply Balloon by Nearly 130% There’s been a number of changes within the stablecoin … Read more
The Digital Assets division within Fidelity Investments will have around 500 total staff members by the first quarter of 2023, according to a spokesperson. Go to Source Powered by WPeMatico
Despite the shift, Cameron and Tyler Winklevoss continue to run the cryptocurrency exchange’s global operations. Go to Source Powered by WPeMatico