Gemini – Page 2 – Ƀitsell X

Coinbase, Ripple, Meta Join Forces to Fight Crypto Scams, Including Pig Butchering

May 23, 2024

Leading crypto and tech companies, including Coinbase, Ripple, Meta, Kraken, and Gemini, have formed a coalition to combat online fraud, including crypto scams like the pig butchering scheme. “We are dedicated to disrupting emerging online scams through collaboration, information sharing, and enhanced consumer education,” said Coinbase’s chief security officer. ‘Tech Against Scams’ Coalition Established Several…
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8 AI Chatbots Predict Precious Metals Year-End Prices: Gold at $2,800, Silver at $42

May 22, 2024

In recent months, our newsdesk has been testing the use of artificial intelligence (AI) chatbots to forecast bitcoin prices by the end of 2024 at specific intervals throughout the year. This time, we’ve changed our approach by employing the same generative AI chatbots to project the year-end prices for an ounce of .999 fine gold…
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7 AI Chatbots Predict Bitcoin’s Price Post-Halving; See $80K-$100K by Year-End

April 29, 2024

On April 28, 2024, the price of bitcoin was coasting along at $62,900 per unit as of 7:28 p.m. Eastern Time (ET). Since then, the price fell below the $62K mark by Monday morning ET, only to climb back above $62,000 by mid-afternoon. It has been nine days since the last halving event and 109…
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Federal Judge Allows SEC Lawsuit Against Gemini and Genesis to Proceed

March 14, 2024

A federal judge has ruled that the US Securities and Exchange Commission’s lawsuit against crypto firms Gemini and Genesis will proceed in court. The judge’s decision comes after Gemini and Genesis attempted to have the lawsuit, which alleges the sale of unregistered securities through the Gemini Earn program dismissed. In a 32-page order issued on March 13, New York…
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Email Shows Digital Currency Group and Gemini Explored Merger Before Genesis Bankruptcy

March 8, 2024

In an email found within the motion by Digital Currency Group (DCG) and Barry Silbert to dismiss the lawsuit initiated by the New York Attorney General, discussions of a potential merger between Gemini and Genesis were revealed before Genesis ultimately opted to declare bankruptcy. “Combined Gemini and Genesis would be a juggernaut and would be…
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Coin-for-Coin Payback — Gemini Announces Full Recovery of Crypto Assets for Earn Users After Genesis Settlement

March 1, 2024

Gemini has reached a settlement with Genesis and other creditors within the Genesis bankruptcy proceedings, promising a full in-kind return of digital assets to Earn program users. This resolution, pending bankruptcy court approval, signifies a major victory for users, with over $1.8 billion in assets set to be returned. Potential Full Crypto Asset Recovery for…
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Gemini Agrees to Over $1 Billion Restoration in Settlement With New York Regulators

February 29, 2024

In an agreement with the New York Department of Financial Services (NYDFS), the Winklevoss-led cryptocurrency exchange Gemini has committed to returning over $1 billion to its customers. The settlement, which also includes a $37 million fine, comes as a significant development for the exchange amidst several ongoing legal challenges with big-name crypto firms and heightened…
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Report: Genesis Global Cleared to Unload $1.3 Billion in GBTC Shares

February 15, 2024

Genesis Global Capital has received authorization to offload its stake in Grayscale’s Bitcoin Trust (GBTC), valued at approximately $1.3 billion. Genesis Global Permitted to Liquidate $1.3 Billion in Bitcoin Trust Shares According to Bloomberg, Genesis Global Holdco LLC secured Judge Sean Lane’s approval to liquidate its GBTC investments, currently estimated at $1.3 billion. The request…
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Crypto Titan Digital Currency Group Opposes Genesis’ Restructuring Plan for Favoring Select Creditors

February 7, 2024

In a legal document filed on Feb. 6, 2024, the crypto juggernaut, Digital Currency Group (DCG), voiced opposition to Genesis’ revised bankruptcy strategy for multiple concerns. DCG argues that the plan favors certain creditors over others unjustly, and the company’s legal team charges Genesis with violating their fiduciary responsibilities and presenting the proposal in bad…
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Genesis Seeks Court Approval to Offload $1.4 Billion in GBTC Assets Post-SEC Settlement

February 4, 2024

After reaching an agreement with the U.S. Securities and Exchange Commission (SEC), the bankrupt company Genesis Global Capital has submitted a petition to the bankruptcy court to dispose of holdings from Grayscale’s Bitcoin Trust, Ethereum Trust, and Ethereum Classic Trust. These assets are estimated to be worth approximately $1.59 billion, and the debtors argue that…
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Category: Gemini