Gemini

The post Gemini and Coinbase Clash with CFTC Over 2024 Presidential Betting Ban! appeared first on Coinpedia Fintech News Leading crypto exchange Gemini has taken the first step against CFTC. In a bold move, leading cryptocurrency exchange Gemini has urged United States regulators to withdraw a proposed regulation that threatens to ban all event contracts on decentralized prediction markets. “We highlight the adverse impact that this rule would have on prediction markets, including those used to forecast elections,” Gemini stated…

The post Gemini Announces Full Recovery as Earn Users to Receive 232% of Their Digital Assets appeared first on Coinpedia Fintech News Gemini has announced a 232% recovery for its Earn users, who are set to receive $2.18 billion in crypto over the next 12 months. This amount, significantly influenced by the current market prices, will be disbursed in-kind, avoiding conversion to fiat currency. Remarkably, this figure marks over $1 billion increase from the value of the assets when Genesis…

Cameron Winklevoss returned to Twitter on Tuesday with another callout of Digital Currency Group (DCG) and its CEO, Barry Silbert. Winklevoss accused both Genesis Global, DCG, and Silbert of defrauding Gemini, and over 340,000 users of the company’s Earn program. Lies and Fraud at DCG? According to a public statement from the exchange CEO, each party misrepresented the financial health of DCG and Genesis. This lured lenders into continuing to make loans to Genesis, buying time to “dig themselves out…

The exchange will lay off approximately 10% of its staff.   Gemini has announced that it will discharge about 10% of its staff as it prepares for the approaching crypto stasis. Winter is Here, Say the Winklevoss Bros. In a blog post, on the second of June, the crypto exchange and custodian announced the news of the impending downsize to its employees. The company's CEO and President both reiterated that they consider people to be their most valuable asset. While…

The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Gemini Trust Company LLC. The regulator alleges that the New York-based crypto exchange was deceptive in responding to questions regarding a BTC-backed futures contract.  At present, the CFTC is asking for monetary penalties against the exchange, and other punitive measures, which include stopping Gemini from trading commodities. The CFTC's Complaints The crypto trading firm and its staff, headed by billionaire twins Cameron and Tyler Winklevoss, are currently under fire.…

Gemini is the latest crypto exchange to join the Crypto Council for Innovation (CCI). Its addition enhances CCI's list of prestigious crypto firms supporting regulations on digital assets. So far, the group includes Coinbase, Block, Fidelity Digital Assets, and Paradigm, among others. Gemini’s Quest for Regulating Crypto Joining the CCI is only one of Gemini's recent initiatives for supporting policy and regulatory affairs. Notably, the company spent $120,000 on lobbying activities in the U.S. in the last six months of…

Investing in crypto is not as complex as most people think. So if you’re curious and optimistic about the rise of crypto, there is no reason to hold back and dive into it. Remember, it is normal for beginner investors to get caught in the cobweb of endless crypto exchanges. As a beginner investor, your objective should focus on the best crypto exchanges to make the right investment decisions. Whether it’s Bitcoin or Ethereum, cryptocurrencies remain at the forefront in…

2021 has been a relatively good year for crypto. More people want to buy cryptocurrencies. Companies are also expanding quite well. Expansion tales are always good signs. They show that the market is growing and doing quite well. This week, two of the largest crypto exchanges are taking centre stage. Rumours have started to circulate that Binance US and the Gemini Exchange are raising funds. Both companies are reportedly finalizing their fundraising rounds, with both sure of securing the "unicorn" status.…

Yesterday, the price of Bitcoin dropped below $40,000 despite the positive news that has been flocking the crypto space. Jack Dorsey even made an announcement teasing that he would make a bitcoin payment plan. However, despite the opportunity to buy that the dip has provided for buying, bulls are hesitant to do so. On the other hand, long-term holders continue to accumulate. Why the Price Dropped The price of Bitcoin has not recovered despite continuing claims that Wall Street banking…