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Last year and during the first half of 2022, speculators assumed the third-largest bitcoin address was a ‘mysterious whale,’ even though the wallet had shown strong characteristics of being a…
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…
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.
Winklevoss’ Gemini exchange received the latest regulatory approvals days before its lending product Gemini Earn faced major issues.
Crypto exchange Gemini revealed working closely with Genesis Trading and its parent company Digital Currency Group, Inc, to find a solution for Earn users to redeem their funds. In a…
Early this week, crypto lending firm Genesis sought a $1 billion emergency loan from investors without success before halting withdrawals Wednesday. Genesis Sought Emergency Loan Genesis Global Trading sought an...
Cold feet are in charge as exchange users continue to move Bitcoin from exchanges to non-custodial wallets.
Gemini – the crypto exchange founded by the Winklevoss twins in 2014 – experienced sweeping service disruptions shortly after Genesis froze customer withdrawals on Wednesday. The firm later clarified that…
Genesis Global Capital has temporarily suspended redemptions and new loan originations following the spectacular collapse of the FTX cryptocurrency exchange. Genesis, Gemini Hit by FTX Contagion Early signs of contagion...
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.”