Articles filed under
Gemini
24 articles
March 2024
Gemini to reimburse US$1.1 bln to Earn customers after settlement
Gemini exchange reaches a settlement to return funds to users affected by the Genesis bankruptcy.
October 2023
Gemini, Genesis, DCG sued by New York Attorney General
The lawsuit alleges that the companies defrauded over 230,000 investors.
July 2023
Singapore, Thailand clarify crypto rules; NFTs become new cultural frontier
Welcome to Forkast IQ, presented by Angie Lau, where we look beyond the headlines to get you insights that power smarter decisions. Coming up on today’s show:
May 2023
Philippines regulator warns against Gemini Derivatives for unregistered securities
The Philippines Securities and Exchange Commission warned the public last week not to use crypto exchange Gemini’s derivatives platform.
February 2023
Gemini agrees to put US$100 mln to Earn asset recovery efforts
Gemini has agreed to put up US$100 million to the asset recovery of Earn users as part of bankrupt crypto lender Genesis Capital’s in-principle agreement with parent firm DCG and other creditors.
January 2023
Genesis, Gemini face US charges over unregistered securities sales
Top blockchain and crypto news: SEC frowns on Genesis, Gemini. Solana soars. Will China tighten its embrace of WeChat Pay and Alipay to push its CBDC?
SEC in the U.S. charges Genesis, Gemini with selling unregistered securities
The U.S. Securities and Exchange Commission on Thursday charged cryptocurrency lender Genesis Global Capital and crypto exchange Gemini Trust with offering and selling unregistered securities to retail investors.
Digital Currency Group in spotlight over suspicious fund transfers
Top blockchain and crypto news: DCG under investigation. Lido DAO surges as Ethereum’s Shanghai upgrade looms. Hong Kong burnishes crypto credentials.
DCG writes to shareholders to detail finances amid US$900 mln Twitter feud with Winklevoss
Barry Silbert of the Digital Currency Group wrote to shareholders on Tuesday to explain loans from its subsidiary Genesis Global Capital.
DCG’s Silbert, Gemini’s Winklevoss start Twitter spat over frozen funds, billion dollar loans
Barry Silbert, the CEO of Digital Currency Group rejected claims that the company borrowed US$1.6 billion from its Genesis Global Capital.
November 2022
Genesis crypto broker freezes withdrawals; Winklevoss’s Gemini, S. Korea’s GOPAX exchanges affected
The Genesis brokerage arm of the Digital Currency Group is one of the latest cryptocurrency platforms to lock down withdrawals following the bankruptcy of crypto exchange FTX, and the freeze is spreading.
September 2022
Are stablecoins like Tether ready for regulatory scrutiny?
The Terra UST disaster is spurring regulators to converge on global stablecoin standards, writes Michael Shing of XREX. But major issuers still fall short.
August 2022
Crypto exchange Gemini launches MATIC, ETH, SOL and DOT staking
The New York-based crypto exchange said its staking service will allow customers to stake their cryptocurrencies and receive rewards within their Gemini account. See related article: Gemini sued over US$36 mln Bitcoin and Ethereum hack Fast facts Gemini Staking will be available for users across the U.S. (excluding New York), Singapore, and Hong Kong, the […]
June 2022
Valar Ventures-backed Vauld to lay off 30% of staff
The Singapore-based cryptocurrency exchange said the actions of a “few market participants” are creating a lot of uncertainty in the eyes of customers. See related article: ‘Buckle up’ for downsizing crypto market as employees laid off Fast facts The layoffs impact every team with marketing and talent acquisition departments being affected the most, as Vauld […]
Gemini sued over US$36 mln Bitcoin and Ethereum hack
IRA Financial Trust announced a lawsuit against cryptocurrency exchange Gemini Trust Company on Monday for alleged failures in safeguarding IRA’s crypto assets in the exchange. See related article: Binance users burned by outage band together to take legal action Fast facts IRA manages self-directed retirement accounts in non-traditional assets such as Bitcoin which were held […]
‘Buckle up’ for downsizing crypto market as employees laid off
The industry should fasten its seat belt, an industry watcher told Forkast, as the largest of crypto firms headline widespread layoffs amid the 2022 market crunch.
January 2022
SEC scrutinizing crypto lending by Celsius, Gemini, Voyager: reports
The U.S. Securities and Exchange Commission is scrutinizing the cryptocurrency companies Celsius Network, Gemini Trust and Voyager Digital about their practice of paying interest on crypto token deposits, Bloomberg.com reported on Thursday. Fast facts The SEC has begun an enforcement review focused on whether these tokens are unregistered securities, the report states, citing unnamed sources […]
December 2021
Shiba Inu now accepted at GameStop, Lowe’s and Nordstrom via Gemini-backed Flexa
It’s come full circle: Shiba Inu holders can now spend their SHIB at GameStop — the company that helped trigger the memecoin trend.
November 2021
Crypto exchange Gemini raises $400M for product and market expansion
Joining the slew of cryptocurrency exchanges that have completed investment rounds in recent months, New York-based cryptocurrency exchange Gemini this week announced the close of a US$400 million funding round led by Morgan Creek Digital, bringing the company’s valuation to US$7.1 billion. Fast facts Investors in the funding round — which was Gemini’s first-ever outside […]
July 2021
Battle for blockchain talent is heating up. What and where are the crypto jobs?
Flush with capital, blockchain and crypto firms are on a hiring spree. Here’s how the battle for crypto talent is playing out.
June 2021
Crypto exchange Gemini buys carbon offsets, pledges carbon-neutrality
Crypto exchange Gemini has bought US$4 million in carbon credits to offset the environmental impact of its Bitcoin holdings
May 2021
Dogecoin keeps on barking; Mining for Chia heats up | The Daily Forkast
Dogecoin breaks another ATH while Chinese electronics vendors say that Chia is the hottest mining project in the mainland.
April 2021
Asian governments urge ‘extreme caution’ before buying cryptocurrency
As Bitcoin and crypto market swells beyond $2 trillion, even crypto-friendly Singapore is warning the public about risks. Are more regulations coming?
February 2021
In Singapore, bitcoin is challenging gold as a store of value
Eugene Ng of Gemini, the cryptocurrency exchange that recently expanded in Singapore, explains why the Lion City is good for doing crypto business.