Gemini Bitcoin Inflow From Other Exchanges Plunges To New Low, Data Reveals
Genesis halted withdrawals on the $900 million Gemini Earn in November 2022
Source: ibtimes.com
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Crypto Meltdown Continues As Genesis Is Reportedly Filing For Bankruptcy This Week
Since late last year, Genesis showed signs that it was struggling to stave off the negative impacts of the prolonged crypto winter that sent most crypto prices to their new lows.
Source: ibtimes.com
SEC Alleges Gemini, Genesis Sold Unregistered Securities
The U.S. Securities and Exchange Commission (SEC) alleged crypto exchange Gemini and crypto lender Genesis Global Capital sold unregistered securities in a lawsuit filed late Thursday. CoinDesk reports: The investment regulator took aim at Gemini Earn, the troubled yield-bearing product that hundre...
Source: slashdot.org
SEC Slaps Charges Against Genesis, Gemini Over Offer, Sale Of Unregistered Securities
SEC Chair Gary Gensler noted in a press release that "Genesis and Gemini offered unregistered securities to the public, bypassing disclosure requirements designed to protect investors."
Source: ibtimes.com
Prominent Exchange and Token Issuer Crypto.com Slashing 20 Percent of Workforce
Crypto.com will be laying off about a fifth of its workforce, in a second round of layoffs within six months, citing industry-wide issues, including FTX bankruptcy, in what looks like a trying period for the once-booming sector.
Source: theepochtimes.com