The founders of the crypto exchange Gemini, have contributed 30.94 BTC worth $2 million to Presidential candidate Donald Trump’s campaign. Winklevoss twins —Tyler and Cameron — are optimistic about Trump’s pro-crypto stance putting “an end to the Biden Administration’s war on crypto.” In his X post, Tyler Winklevoss criticized President
The failure of Gemini Earn, the exchange’s lending program, led to charges of fraud, which Gemini agreed to settle for $50 million. This follows strict regulations imposed in New York on lending initiatives associated with cryptocurrency. The authorities claim that the settlement would recompense the victims of fraud and clear
Users of the now-defunct Earn lending program have started to get their funds via cryptocurrency exchange Gemini. A statement on May 29 states that members of Gemini’s Earn program received $2.18 billion in digital assets, which amounts to 97% of the assets owed to them and a 232% recovery after
In a complaint launched by the U.S SEC over the Gemini Earn program, a U.S. district court dismissed petitions by crypto lender Genesis and crypto exchange Gemini to dismiss the case. The SEC “plausibly alleged” that Genesis Global Capital, LLC and Gemini Trust Company, LLC marketed and sold unregistered securities,
In a lawsuit against Genesis Global, crypto exchange Gemini seeks to recover 60 million shares of the Grayscale Bitcoin Trust (GBTC) that were committed as collateral for the Gemini Earn product. To access the funds that were frozen when Genesis temporarily stopped processing withdrawals last year, Gemini has launched an
After investing $24 million to extend operations to India, cryptocurrency exchange Gemini has named a head of operations for its Indian arm. According to his LinkedIn page, Sachin Ranglani, who had substantial expertise in the IT industry, joined the company in the roles of Vice President and India Head in
Gemini, a cryptocurrency exchange based in New York, has chosen to leave the Netherlands. The firm plans to return to the Dutch market, but it cannot yet satisfy the standards set by the government. According to a statement sent to Dutch consumers on September 26, Gemini will cease operations in
FTX, the leading crypto exchange, is facing issues as its former CEO, Bankman-Fried has been accused of criminal charges. In the latest development, the bankrupt crypto firms FTX and Genesis have reached an agreement in principle. It would resolve the claims made by both firms in their ongoing lawsuits over
A major crypto twist unfolded in the crypto market as Ripple’s XRP experienced a resurgence. Several prominent exchanges have announced their plans to relist XRP. The surge follows a U.S. federal court ruling that declared the sale of XRP on exchanges and through algorithms as not constituting investment contracts. This
Cameron Winklevoss, the co-founder of Gemini, has declared that he has sued the Digital Currency Group (DCG) and its CEO, Barry Silbert, in his personal capacity. The complaint claimed that DCG and Silbert defrauded creditors by keeping their money. This comes after Winklevoss, earlier this week, made the last offer
