Earlier this year, regulatory authorities in the United States initiated legal action against Gemini and Genesis Global Capital, accusing them of engaging in the trading of unregistered securities via the Gemini Earn crypto asset lending initiative.
BrianCameron alleges DCG used a promissory note as a stall tactic instead of a concrete plan to reimburse creditors.
BeincryptoThe deal includes DCG absorbing payouts exceeding $300 million and contributing $100 million to the Genesis bankruptcy estate.
BeincryptoThe company has submitted a pre-registration undertaking with regulators.
CryptoSlateThe decision to invest $100 million of their own money into their exchange was reportedly due to difficulty finding outside investors.
cryptopotatoThe chief executive of Gemini is calling the U.S. Securities and Exchange Commission's (SEC) actions against the crypto exchange “counterproductive.”
dailyhodlThe beleaguered Gemini Earn program is now the linchpin in a new set of charges filed by the Securities and Exchange Commission against both Genesis and Gemini.
decryptGemini Trust Co. and its founders are facing a class-action lawsuit over claims the exchange sold interest-bearing accounts without registering them as securities.
decryptThe leading crypto, Bitcoin, is up by nearly 12% in two weeks, whereas Ethereum is up by almost 20%.
BeincryptoThe terminations were indicated by company filings, and confirmed by a spokesman, who emphasized the elevation of local leadership.
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