Due to rising concerns about the potential involvement of Genesis’ parent firm Digital Currency Group (DCG) in the lender’s reorganization, U.S. Bankruptcy Court Judge Sean Lane prolonged a mediation session between Genesis and its creditors during a Monday bankruptcy hearing. The original end date for the mediation session of May
The U.S. Securities and Exchange Commission (SEC) filed a complaint against cryptocurrency exchange Gemini and insolvent lender Genesis on May 26 saying that the earn product constitutes the selling of unregistered securities. Gemini maintained that its Earn product, which paid consumers to lend out coins, was not a security. Genesis
The Republic of Ireland was recently named the new European headquarters for Gemini, the cryptocurrency exchange controlled by Tyler and Cameron Winklevoss. The statement came after crypto founders met with Irish Prime Minister Leo Varadkar and officials from the Industrial Development Agency (IDA), the government agency in charge of attracting
Digital Currency Group (DCG), a venture capital firm, has decided to shut down its main brokerage subsidiary TradeBlock due to the general economic climate and the ambiguity surrounding crypto regulation in the United States. Led by Breanne Madigan, TradeBlock will reportedly begin winding down operations on May 31st. A company
Due to the unfriendly atmosphere in the United States, the Winklevoss twins are considering establishing their crypto empire in the United Kingdom. The twins Tyler and Winklevoss, who founded the cryptocurrency exchange Gemini, recently stated that they had met with representatives from the Financial Conduct Authority and the Bank of
In the Philippines, officials issued a warning to Gemini, a cryptocurrency exchange, for operating an unauthorized derivatives exchange. According to Bloomberg, the provincial stock market authority in the nation censured the company for doing business without the proper licenses. There are already plenty of problems for businesses operating in the
The Digital Currency Group (DCG) failed to repay $630M on a loan that was due to Gemini last week, as the exchange confirmed. Genesis, a division of Digital Currency Group, had received $900 million from Gemini before it went bankrupt. The crypto firm controlled by the Winklevoss twins and other
The leading cryptocurrency exchange Gemini added recent investors’ “favorite memecoin Pepe (PEPE)” to its trading list. Soon, trading for $PEPE will begin. British, European, Canadian, Australian, Hong Kong, and Singapore investors can now access Pepe coin through Gemini. Trading will be accessible first via the exchange API/FIX and ActiveTrader applications
Gemini is expanding outside the United States with the development of a derivatives platform that will service 30 nations and territories. The notable cryptocurrency company established by Tyler and Cameron Winklevoss revealed the intention in late April and made the announcement on Tuesday. This, adds to a rising trend of
Cryptocurrency exchange Gemini has announced that it would open a new engineering center in India in order to take advantage of the country’s abundance of highly skilled IT professionals. The exchange is “in the midst” of constructing an engineering facility in Gurgaon, India, according to a statement released by CTO
