Gemini


Finance

Winklevoss Twins Lent Their Crypto Platform Gemini $100M: Bloomberg

The brothers had tried to get outside investment, Bloomberg said.

Tyler and Cameron Winklevoss at TechCrunch Disrupt NY 2015 (TechCrunch/Wikimedia)

Markets

Crypto Exchange Gemini Looking to Launch Overseas Derivatives Operation: The Information

Binance’s legal troubles and the collapse of FTX may have left an opening for others to grab market share in the crypto derivatives business.

Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., say they gave $1 million each to the Trump campaign. (Joe Raedle/Getty Images)

Videos

Crypto-Friendly Silvergate Bank to Wind Down Operations

Silvergate Bank will "voluntarily liquidate" its assets and wind down operations, its holding company, Silvergate Capital (SI), said Wednesday. Bianco Research, L.L.C. President and Macro Strategist Jim Bianco discusses the latest blow to the crypto industry and its impact on the markets. Plus, his reaction to CoinDesk reporting that JPMorgan is ending its banking relationship with Gemini, the cryptocurrency exchange owned by Cameron and Tyler Winklevoss.

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Markets

First Mover Americas: Silvergate Shutters in Latest Blow to Crypto

The latest price moves in crypto markets in context for March 9, 2023.

(CoinDesk)

Videos

JPMorgan Is Cutting Ties With Crypto Exchange Gemini: Source; Celsius Bankruptcy Developments

JPMorgan is ending its banking relationship with Gemini, the cryptocurrency exchange owned by Cameron and Tyler Winklevoss, according to a person familiar with the situation. Separately, a judge ruled that Celsius Network should continue to have the exclusive right to prepare a plan for exiting bankruptcy until the end of March. 

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Finance

JPMorgan Is Cutting Ties With Crypto Exchange Gemini: Source

Coinbase said its banking relationship with JPMorgan remains intact.

Gemini co-owners Tyler (left) and Cameron Winklevoss (Joe Raedle/Getty Images)

Finance

Bankrupt Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors: Source

The term sheet includes "an equitization of the 10-year promissory note that DCG gave Genesis in return for the 3AC claims," a person familiar with the situation said.

(Genesis Trading, modified by CoinDesk)

Videos

Gemini Customers Given Confusing Information About Whether Earn Accounts Were FDIC Insured: Report

Cryptocurrency exchange Gemini reportedly implied to customers that their assets in its interesting-bearing Earn product were safe because they were backed by the Federal Deposit Insurance Corp (FDIC), Axios reported on Monday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De weighs in.

CoinDesk placeholder image

Videos

Bitcoin Holds $23K Ahead of Key FOMC Meeting

Bitcoin (BTC) is trading above $23,000 as traders await the upcoming Federal Open Market Committee decision on interest rates. Steve Hanke, professor of applied economics at Johns Hopkins University and former senior economist on President Reagan’s Council of Economic Advisers, discusses the macro headwinds and recession concerns. Plus, his reaction to SEC's lawsuit against crypto exchange Gemini and crypto lender Genesis Global Capital for allegedly selling unregistered securities. Genesis and CoinDesk are sister companies owned by Digital Currency Group (DCG).

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