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Gemini CEO Cameron Winklevoss has published another open letter on Twitter, addressed to the board members of Digital Currency Group (DCG). In the letter, Winklevoss accuses DCG and CEO Barry Silbert of making poor decisions with the now-defunct crypto hedge fund Three Arrows Capital (3AC), and claims that DCG orchestrated a “campaign of lies” in … Read more
Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal prosecutors from New York are scrutinizing transfers between Digital Currency Group and its subsidiary, Genesis Global Capital. Report Claims Digital Currency Group, Genesis Global Capital Allegedly … Read more
The beleaguered bank was allegedly moving money between FTX and Alameda; then it sold debt at a discount and sacked employees after a bank run. Go to Source Powered by WPeMatico
As a decentralized trading and matching system, the 1inch Swap Engine connects DeFi users and provides liquidity for crypto trades through professional market makers. Go to Source Powered by WPeMatico
Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors committee. 31 days after Gemini paused the Earn program’s withdrawals, Cameron Winklevoss tweeted that it has … Read more
The Digital Currency Group and its affiliates (DCG) cited liquidity problems as it suspended repayments, temporarily halting users from withdrawing their funds. Go to Source Powered by WPeMatico
The top 100 DeFi token had a mixed week with majority of them losing bullish momentum from the last week. Go to Source Powered by WPeMatico
The pilot “eAUD” program is unique in that the Reserve Bank of Australia has not proposed use cases, and has received numerous suggestions from the industry. Go to Source Powered by WPeMatico
Genesis said it will take additional weeks to carve out a recovery path for its lending business. Go to Source Powered by WPeMatico
Following the FTX fiasco, retail and institutional investors alike are now looking to draw valuable conclusions. Go to Source Powered by WPeMatico