Gemini


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Gemini Escalates Dispute with DCG's Genesis; Coinbase Shares Jump Following Layoff Announcement

Crypto exchange Gemini is ramping up its dispute with Digital Currency Group's (DCG) Genesis Global Trading – its partner on a crypto lending product pitched to smaller investors – by terminating a key aspect of their relationship. CoinDesk and Genesis are both owned by parent company DCG. Plus, Coinbase (COIN) shares are on the rise after the crypto exchange announced plans to layoff roughly 20% of its workforce.

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DCG Responds to Cameron Winklevoss Calling for Barry Silbert’s Removal

Digital Currency Group is responding to the open letter Gemini co-founder Cameron Winklevoss issued, stating in part on Twitter that this "is another desperate and unconstructive publicity stunt." Winklevoss asked the DCG board to remove Silbert, citing DCG's inability to find a fair resolution with creditors of DCG's Genesis unit. DCG is the parent company of CoinDesk.

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Financiën

Gemini met fin à son produit de rendement Crypto , intensifiant la bataille avec Genesis

Cette décision, qui, selon Gemini, oblige Genesis à restituer tous les actifs bloqués, met fin au programme Gemini Earn de la bourse, vieux de près de deux ans.

Tyler Winklevoss y Cameron Winklevoss, cofundadores de Gemini. (Joe Raedle/Getty Images)

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Gemini's Cameron Winklevoss Says Barry Silbert Is 'Unfit to Run DCG'

Gemini co-founder Cameron Winklevoss issued an open letter on Tuesday calling for the removal of Digital Currency Group (DCG) CEO Barry Silbert a week after calling out the executive over a business disagreement. Pacific Street Managing Director Gareth Rhodes weighs in on the latest developments. DCG is the parent company of CoinDesk.

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DCG Concerns Linger Amid Crypto Winter

Digital Currency Group (DCG) faces an investigation by the U.S. Department of Justice and SEC on the transfer of funds between DCG and its Genesis unit, according to a report from Bloomberg. DCG is the parent company of CoinDesk. Pacific Street Managing Director Gareth Rhodes weighs in. Plus, he discusses his opinion piece titled, "The Impact of Avraham Eisenberg’s Case on the Future of Crypto," focusing on whether "white hat" hacking could benefit DeFi protocols.

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Financiën

Cameron Winklevoss, de Gemini, appelle à l'éviction de Barry Silbert du conglomérat Crypto DCG

Winklevoss, au nom de Gemini, a demandé le renvoi de Silbert pour son implication dans le désaccord entre Genesis et ses créanciers.

Tyler y Cameron Winklevoss, de Gemini, en el evento TechCrunch Disrupt NY 2015. (TechCrunch/Wikimedia)

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More Time Is Needed To Sort Out Finances, Genesis’ CEO Tells Clients

"The Hash" panel discusses the latest developments for Genesis Global Trading, as its interim CEO told clients it needs more time to sort out its tricky financial position. This comes as Gemini co-founder Cameron Winklevoss blasted DCG CEO Barry Silbert for "bad faith stall tactics." Genesis and CoinDesk share the same parent company, Digital Currency Group (DCG).

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Financiën

Le PDG du courtier en Crypto Genesis informe ses clients qu'il a besoin de plus de temps pour régler ses finances.

Genesis a interrompu les retraits en novembre à la suite de l'effondrement de FTX.

(Genesis Trading, modificado por CoinDesk)

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Bitcoin Trading Flat Below $17K on Its 14th Birthday

Bitcoin (BTC) is trading around $16,600 as Gemini co-founder accused Digital Currency Group CEO Barry Silbert of “bad faith stall tactics.” Silbert responded, saying his firm submitted a proposal to Genesis and Gemini’s advisers last Thursday. DCG is the parent company of CoinDesk. Sean Farrell, Global Advisors Head of Digital Asset Strategy at research firm Fundstrat, shares his crypto markets analysis.

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