Gemini is a licensed digital asset exchange and custodian that allows customers to buy, sell, and store digital assets in a regulated, secure, and compliant manner. Gemini was founded in 2014, by Cameron and Tyler Winklevoss also known as the “Winklevoss twins.”
After months of struggling to stay afloat, Genesis Global has finally filed for Chapter 11 bankruptcy. On the other hand, the new year seems to be heralding a new crypto bull market. Let’s find out more. Bitcoin It’s certainly not official, but the green shoots of the beginning of a new crypto bull market are beginning to be seen. JPMorgan CEO Jamie Dimon got visibly irritated and frustrated when presented with facts about Bitcoin in an interview. BTC investment vehicle, Grayscale has once again attempted to convince the United States SEC to allow the conversion of the Grayscale Bitcoin Trust (GBTC) into a spot ETF. Ethereum Ethereum-based Layer-2 protocol, Optimism has outperformed Arbitrum in transaction volume since mid-December. National Australia Bank (NAB) will be launching a stablecoin in mid-2023, pegged against the Australian dollar (AUD) on Ethereum and Algorand. DeFi Decentralized exchange aggregator 1inch has announced the launch of its proprietary cold storage hardware wallet amidst the growing trend of self-custody of assets. The MakerDAO community is voting on keeping Gemini’s GUSD stablecoin as part of the protocol’s reserves amidst insolvency concerns. The SEC has charged the Mango Markets exploiter, Avraham Eisenberg, with fraud and market manipulation. SushiSwap has shared a detailed roadmap for the coming year, revealing plans to launch a DEX aggregator, a decentralized incubator, and several new stealth projects. Altcoins Polygon has announced that it has successfully completed its highly anticipated hard fork, designed to boost performance and reduce spiking gas fees. Technology 22,000 monthly active developers are building in the crypto sector, and their numbers are increasing by 5% year-over-year. Seoul has launched the first phase of a metaverse that will allow its citizens to visit attractions virtually and interact with official services. Business Genesis Global Holdco and two lending subsidiaries, Genesis Global Capital and Genesis Asia Pacific, announced Thursday that it filed for Chapter 11 bankruptcy protection. Cardano CEO Charles Hoskinson has been tweeting his take on whether CoinDesk might be a good buy, leading to speculation that he might purchase the crypto news site. $323 million from FTX and $90 million from FTX US have been classified as “unauthorized third-party transactions” since the bankruptcy petition. CFTC Commissioner Caroline Pham recently gave an interview in which she said that there are advanced discussions and meetings regarding global crypto standards happening outside of the U.S. Cryptocurrency exchange Coinbase announced that it would be suspending all its operations in Japan due to volatile market conditions. SkyBridge Capital founder, Anthony Scaramucci, has announced that he will be investing in a new crypto firm founded by the former president of FTX US. Embattled crypto lender Vauld has been granted an extension on the period of creditor protection by a Singapore court to February 28, 2023. Cryptocurrency giant Digital Currency Group (DCG) has halted its quarterly dividend payments in an effort to conserve cash and improve its balance sheet. Regulation The CFTC has urged lawmakers to prevent cryptocurrency exchanges from “Self Certifying” and listing cryptocurrency tokens without proper oversight. Japan's Financial Services Agency recently issued a statement urging global regulators to consider treating cryptocurrencies and digital assets in the same manner as banks. The European Parliament’s final vote on the EU’s landmark Markets in Crypto Assets regulation has been delayed until April 2023, reportedly due to “technical issues.” On Wednesday, the U.S. authorities accused crypto exchange, Bitzlato of laundering $700 million and named Binance, the world's largest crypto exchange, as a counterparty in the order. Authorities in the Indian state of Maharashtra have uncovered a significant cryptocurrency investment scam, which has led to losses of up to Rupees 300 crores. NFT NFT marketplace Rarible has expanded its marketplace builder to include Polygon-based NFT collections amidst growing interest in Polygon for NFTs and other gaming projects. Web3 The World Economic Forum is the latest testing ground for the metaverse, with a virtual version of the alpine town of Davos being tested during the ongoing summit. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Enslaving us with debt and inflation, the fiat system replaces sincerely-held beliefs. But Bitcoin gives us the chance to be human again.
Genesis Global Holding Corporation has officially filed for chapter 11 bankruptcy. The trading and lending subsidiary of Digital Currency Group submitted filings late Thursday night at the New York Southern District Bankruptcy Court, bringing the toll of top-tier bankrupt crypto companies to 10. The company first disclosed plans to declare insolvency after news of FTX’s […]
Amid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit.
In Todays Headline TV CryptoDaily News: North Korean hackers behind Horizon Bridge theft A pair of North Korean hacker groups were behind the June theft of $100 million in crypto assets from Horizon Bridge, the Federal Bureau of Investigation said. Lazarus Group and APT38, both associated with North Korea, are responsible for the attack in June, the agency concluded. Gemini becomes the latest victim of crypto winter Gemini has revealed cutting 10 percent of its staff, citing macroeconomic factors as its primary pain point, in its third round of job cuts in under a year. The crypto exchange had 1000 employees as of November 2022, suggesting around 100 people lost their positions. It had previously laid off 7 percent of its staff in July 2022, after dismissing 10 percent a month earlier. Cité Gestion becomes first private bank to tokenize its own shares Cité Gestion, an independent Swiss private bank founded in 2009, is using Taurus technology to tokenize its own shares as the bank delves deeper into blockchain technology. The move will be the first by a private bank to issue shares as ledger-based securities under Swiss law, the company said. BTC/USD made a minor downwards correction of 0.1%. The Bitcoin-Dollar pair corrected downwards in the last session, falling 0.1%. According to the RSI, we are in an overbought market. Support is at 22217.3333 and resistance at 23515.3333. The RSI points to an overbought market. ETH/USD dove 1.8% in the last session. The Ethereum-Dollar pair dove 1.8% in the last session. The CCI is giving a negative signal. Support is at 1568.7967 and resistance at 1672.5767. The CCI is currently in the negative zone. XRP/USD dove 1.5% in the last session. The Ripple-Dollar pair dove 1.5% in the last session. The CCI indicates an overbought market. Support is at 0.3854 and resistance at 0.4518. The CCI points to an overbought market. LTC/USD dove 2.2% in the last session. The Litecoin-Dollar pair dropped 2.2% in the last session after rising as much as 1.4% during the session. The MACD is giving a negative signal. Support is at 84.71 and resistance at 95.561. The MACD is currently in negative territory. Daily Economic Calendar: JP Coincident Index The Coincident Index released by the Cabinet Office is a single summary statistic that tracks the current state of the Japanese economy. Japan's Coincident Index will be released at 05:00 GMT, Germany's IFO – Business Climate at 09:00 GMT, the UK's PPI Core Output at 07:00 GMT. DE IFO – Business Climate The IFO Business Climate index is regarded as an early indicator of current conditions and business expectations. The Institute surveys enterprises on their assessment of the economic situation. UK PPI Core Output The Producer Prices Index (PPI) Core Output is a price index of producer prices and excludes volatile items such as food and energy. US MBA Mortgage Applications The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market. The US MBA Mortgage Applications will be released at 12:00 GMT, the UK's Producer Price Index at 07:00 GMT, Australia's Consumer Price Index at 00:30 GMT. UK Producer Price Index The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing. AU Consumer Price Index The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.