Gemini

New York Attorney General Sues Crypto Giants, Demands $3B for Investor Fraud

February 10, 2024 2 mins read

Letitia James, the attorney general of New York, is requesting $3 billion in damages in her lawsuit against the crypto companies Gemini Trust and Digital Currency Group (DCG). This rise from the initial $1.1 billion is intended to assist more investors who fell for Gemini Earn’s deceptive claims. James claimed that when the lawsuit was filed in October, Gemini, DCG, and their executives had deceived investors by making false claims

Genesis seeks court nod to sell $1.4 billion in Bitcoin shares amid financial woes

February 6, 2024 1 min read

Genesis, which is having financial issues, is seeking permission from the court to sell off a sizable amount of its digital currency holdings, with a target price of about $1.4 billion in shares of GBTC. Crypto lender Genesis’s move comes while the company is navigating bankruptcy procedures to sell off assets and regain stability. To help with its financial difficulties, Genesis is asking the court to approve the sale of

Gemini Announces Restrictions on Crypto Transfers in the UK

November 8, 2023 1 min read

Gemini crypto exchange is introducing new rules for its UK branch starting November 17. Under these new rules, Gemini will only allow crypto transfers to be made to firms registered with TRUST. This change is in response to the UK’s regulations, which require sender and receiver details to be shared. The sharing of information is a critical aspect of adhering to the UK Travel Rule, aimed at enhancing transparency and

Gemini and Genesis Seek to Dismiss SEC Lawsuit

May 28, 2023 1 min read

Gemini and Genesis, two cryptocurrency companies, have filed a motion to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC) alleging that their Earn offering violated securities laws. The Earn offering allowed users to earn interest on their cryptocurrency deposits by lending their coins to Genesis. Genesis then invested the coins in various ways, including lending them to other cryptocurrency companies. The SEC alleges that the Earn offering