Search results
Results from the WOW.Com Content Network
These are dark days for crypto exchanges with Gemini at the end of a lawsuit and Binance embroiled in more regulatory scrutiny. Gemini Exchange Sued by Retirement Investment Firm Over $36M Hack ...
Gemini Trust Company, LLC (Gemini) is an American cryptocurrency exchange and custodian bank.It was founded in 2014 by Cameron and Tyler Winklevoss. [4] [5] [6]In 2023, the company, along with two others, was sued by the New York attorney general Letitia James under allegations that it had "defrauded" investors by exposing them to undue risk.
Amid the last bull cycle, Gemini, which had largely operated as an exchange, launched its ill-fated Earn program that allowed customers to lend out cryptocurrencies for a yield of up to 13%.
NEW YORK (Reuters) -Gemini Trust Company agreed to pay a civil penalty of $5 million to settle U.S. Commodity Futures Trading Commission charges in connection with statements it made in connection ...
The company had collected about 100 million euros by this point. This, the so-called biggest pyramid-scheme in Finland, was put up by Hannu Kailajärvi and his partner Tiina Wartti. They marketed the company by saying that the company is a successful currency exchange firm and that people can join the club only by invitation.
In mid-May 2023, it was reported that DCG had missed a $630 million payment to Gemini, while owing the company $1.65 billion. [ 16 ] [ 17 ] DCG stated that "due to the state of the broader economy and prolonged crypto winter, along with the challenging regulatory environment for digital assets in the U.S," it shut down TradeBlock, an ...
The Commodity Futures Trading Commission alleged Gemini employees misled the agency when the company was evaluating a potential Bitcoin futures contract.
This is a list of Illinois companies which includes notable companies that are headquartered in Illinois, or were previously headquartered in Illinois. In general, this list does not include companies headquartered in one of the municipalities of the Chicago metropolitan area .