🚀 Who became #bitcoin's first billionaires? What’s the secret to the success of their bitcoin venture?
► They are famous for suing Mark Zuckerberg, the founder of Facebook, and received $65 mn as a settlement.
► Did you guess them? They are Cameron and Tyler Winklevoss, Co-Founders of #Gemini, the 11th largest crypto exchange used by 13.6 mn users.
► Born on August 21, 1981, in New York, and completed their MBA in 2010 from Oxford University.
► Initially, they co-founded ConnectU, a social networking website, and Guest of a Guest, a digital media company.
► The twins also founded Winklevoss Capital Management, and WinkDex, and nearly 100 enterprises benefited from Winklevoss Capital's investments.
► On Mar 10, 2021, they invested when Belliwelli raised $1 mn through a seed round.
🔗 Read More: https://www.linkedin.com/feed/update/urn:li:activity:6977974946425704448
► They are famous for suing Mark Zuckerberg, the founder of Facebook, and received $65 mn as a settlement.
► Did you guess them? They are Cameron and Tyler Winklevoss, Co-Founders of #Gemini, the 11th largest crypto exchange used by 13.6 mn users.
► Born on August 21, 1981, in New York, and completed their MBA in 2010 from Oxford University.
► Initially, they co-founded ConnectU, a social networking website, and Guest of a Guest, a digital media company.
► The twins also founded Winklevoss Capital Management, and WinkDex, and nearly 100 enterprises benefited from Winklevoss Capital's investments.
► On Mar 10, 2021, they invested when Belliwelli raised $1 mn through a seed round.
🔗 Read More: https://www.linkedin.com/feed/update/urn:li:activity:6977974946425704448
#Crypto exchange Gemini defends against SEC lawsuit over "Gemini Earn" service for alleged securities violations. Gemini challenges SEC's vague classification and labeling of assets as securities.
Want to Know What is #Gemini's defense against the SEC lawsuit concerning "Gemini Earn"? & Why does Gemini argue that the SEC's case lacks clear classification?
Click Below to Know More:
https://coinpedia.org/news/gemini-exchange-responds-to-sec-lawsuit-dismissal-motion-filed/
Want to Know What is #Gemini's defense against the SEC lawsuit concerning "Gemini Earn"? & Why does Gemini argue that the SEC's case lacks clear classification?
Click Below to Know More:
https://coinpedia.org/news/gemini-exchange-responds-to-sec-lawsuit-dismissal-motion-filed/
CoinPedia
Gemini Exchange Files Dismissal Motion Against “Absurd” SEC Lawsuit
In a move mirroring industry giants Coinbase and Binance, Gemini has taken a step to address the lawsuit lodged against it by the U.S. Securities and
Want to know What is the dispute between #Gemini and the #SEC regarding securities sales?
Gemini, a crypto exchange, challenges SEC's claims on its lending program. It cites #Ripple case, questions SEC's definitions, consistency, fairness. Dispute on securities classification.
https://coinpedia.org/news/gemini-challenges-sec-in-crypto-legal-battle-citing-ripple-case/
Gemini, a crypto exchange, challenges SEC's claims on its lending program. It cites #Ripple case, questions SEC's definitions, consistency, fairness. Dispute on securities classification.
https://coinpedia.org/news/gemini-challenges-sec-in-crypto-legal-battle-citing-ripple-case/
CoinPedia
Gemini Hits Back at SEC’s ‘Hypocritical’ Allegations, Cites Ripple Case
In a bid to counter allegations brought forth by the U.S. Securities and Exchange Commission (SEC), Gemini, a prominent cryptocurrency exchange, has
Ethereum co-founder Vitalik Buterin sent $15 million+ USDC to #Gemini, #crypto exchange, reasons unknown, revealed by PeckShield on October 17. Past similar transactions suggest he may be repurchasing #Ethereum.😱👇
https://coinpedia.org/news/vitalik-buterin-transfers-15-million-in-usdc-to-gemini-exchange-heres-why/
https://coinpedia.org/news/vitalik-buterin-transfers-15-million-in-usdc-to-gemini-exchange-heres-why/
Coinpedia Fintech News
Vitalik Buterin Transfers $15 Million in USDC to Gemini Exchange: Here's Why
Ethereum co-founder Vithalik Buterin has been found to send USDC worth above $ 15 million to Gemini, a cryptocurrency exchange. The purpose is unknown,
BREAKING: #Grayscale Parent Company DCG & Gemini Exchange Sued by New York Attorney General #CryptoNews
🔵New York attorney general Letitia James has filed a lawsuit against #Gemini Trust, #Genesis Global, and Digital Currency Group, alleging they defrauded over 230,000 investors of more than $1 billion.
🔵The lawsuit also names former Genesis CEO Soichiro "Michael" Moro and DCG founder Barry Silbert for attempting to hide the financial condition of Genesis.
🔵The allegations highlight similarities with the FTX and Alameda situation, involving large debts, poor risk management, and concealment attempts.
🔵The lawsuit seeks restitution for defrauded investors, including around 29,000 New Yorkers, and disgorgement of any ill-gotten gains within the under-regulated #cryptocurrency industry.
🔵New York attorney general Letitia James has filed a lawsuit against #Gemini Trust, #Genesis Global, and Digital Currency Group, alleging they defrauded over 230,000 investors of more than $1 billion.
🔵The lawsuit also names former Genesis CEO Soichiro "Michael" Moro and DCG founder Barry Silbert for attempting to hide the financial condition of Genesis.
🔵The allegations highlight similarities with the FTX and Alameda situation, involving large debts, poor risk management, and concealment attempts.
🔵The lawsuit seeks restitution for defrauded investors, including around 29,000 New Yorkers, and disgorgement of any ill-gotten gains within the under-regulated #cryptocurrency industry.
#Genesis Global Capital sues #Gemini Trust for $689M in alleged preferential transfers, claiming unfair advantage; ongoing legal disputes involve U.S. authorities. #cryptonews
Read More:https://coinpedia.org/news/genesis-files-lawsuit-against-gemini-to-recover-689m-in-preferential-transfers/
Read More:https://coinpedia.org/news/genesis-files-lawsuit-against-gemini-to-recover-689m-in-preferential-transfers/
CoinPedia
Genesis Sues Gemini for $689 Million in “Preferential Transfers”
No one can really predict what will happen next in the world of cryptocurrency. Now, Genesis Global Capital, a once-thriving crypto lender now dealing
#Genesis Global to pay $21 million SEC penalty for securities rule violations in #Gemini Earn. #CryptoNews
Settlement conditioned on Genesis repaying creditors, streamlining Chapter 11 proceedings amid regulatory crackdown.
https://coinpedia.org/news/genesis-global-settles-sec-lawsuit-with-21-million-agreement-on-gemini-earn-lawsuit/
Settlement conditioned on Genesis repaying creditors, streamlining Chapter 11 proceedings amid regulatory crackdown.
https://coinpedia.org/news/genesis-global-settles-sec-lawsuit-with-21-million-agreement-on-gemini-earn-lawsuit/
CoinPedia
Genesis Global Settles SEC Lawsuit with $21 Million Agreement on Gemini Earn Lawsuit
Genesis Global, owned by Digital Currency Group, has agreed to a $21 million civil penalty to resolve a lawsuit filed by the U.S. Securities and Exchange
#Polygon whales accumulate 32 million #MATIC tokens after #Gemini listing, hinting at potential price surge. #CryptoNews
Surge in MATIC accumulation coincides with Gemini's listing of MATIC/GUSD perpetual contract, driving momentum."
https://coinpedia.org/news/will-polygons-matic-skyrocket-to-1-after-big-buys-and-gemini-listing/
Surge in MATIC accumulation coincides with Gemini's listing of MATIC/GUSD perpetual contract, driving momentum."
https://coinpedia.org/news/will-polygons-matic-skyrocket-to-1-after-big-buys-and-gemini-listing/
CoinPedia
Polygon Whales Make Big Moves: Here’s Why MATIC Price Could Surge to $1 Soon!
Blockchain tracker Whale Alert has dropped a bombshell: Polygon whales, the big players on the network, have quietly piled up a whopping 32 million MATIC
Top #CryptoNews In Last 12 Hours
#Cryptocurrency
1️⃣ #OpenAI seeks trillions for #AI chip development to address scaling constraints and chip scarcity. CEO Sam Altman leads efforts, engaging global investors.
2️⃣Spot #BitcoinETFs saw $403M inflow amid $BTC surpassing $46K, signaling strong investor demand and growing market interest.
3️⃣London police find spoof address linked to #blockchain.com; block 43 phishing web domains, warning against #cybercrimes.
4️⃣ US bans AI-generated voices in robocalls under telemarketing laws, aiming to curb scams and protect consumers.
5️⃣ Google has announced that its AI chatbot, #Bard, has been officially rebranded to #Gemini, with a mobile app launch in the United States.
#Cryptocurrency
1️⃣ #OpenAI seeks trillions for #AI chip development to address scaling constraints and chip scarcity. CEO Sam Altman leads efforts, engaging global investors.
2️⃣Spot #BitcoinETFs saw $403M inflow amid $BTC surpassing $46K, signaling strong investor demand and growing market interest.
3️⃣London police find spoof address linked to #blockchain.com; block 43 phishing web domains, warning against #cybercrimes.
4️⃣ US bans AI-generated voices in robocalls under telemarketing laws, aiming to curb scams and protect consumers.
5️⃣ Google has announced that its AI chatbot, #Bard, has been officially rebranded to #Gemini, with a mobile app launch in the United States.
New York Attorney General expands lawsuit against #Gemini, #Genesis, DCG to $3 billion fraud. #CryptoNews
Allegations include misleading #investors, risky loans, with over 230,000 affected investors facing $3 billion losses.
https://coinpedia.org/news/winklevoss-twins-crypto-empire-crumbles-ny-attorney-general-exposes-massive-3-billion-fraud/
Allegations include misleading #investors, risky loans, with over 230,000 affected investors facing $3 billion losses.
https://coinpedia.org/news/winklevoss-twins-crypto-empire-crumbles-ny-attorney-general-exposes-massive-3-billion-fraud/
CoinPedia
NY Attorney Claims Gemini and Genesis Duped Investors, Seeks $3 Billion in Damages
In a bold move, New York Attorney General Letitia James has tripled the stakes in her ongoing lawsuit against cryptocurrency firms Gemini, Genesis Global
Top #CryptoNews In Last 12 Hours
1️⃣ #Coinbase sought to launch perpetual futures contracts in Canada, engaged with #regulators for policy updates. #Kraken and #Gemini also increase Canadian investments.
2️⃣ #Ether's price surges, nearing $3,000 for the first time in almost 2 years, while Bitcoin remains steady. Public holiday in US limits #Bitcoin demand.#Altcoins show potential.
3️⃣ Bitcoin holdings on #Coinbase hit a 9-year low as whales withdraw $1B $BTC, sparking debate on supply shock or over-the-counter liquidity.
4️⃣ The #Cryptomarket saw a $2.45 billion inflow, led by the US. Bitcoin dominated with $2.42 billion. Total Assets Under Management reached $67 billion.the highest since December 2021.
5️⃣ British gov't planned #crypto rules approval by lawmakers within 6 months before 2024 election, addressing regulatory concerns. Announced by Bloomberg.
1️⃣ #Coinbase sought to launch perpetual futures contracts in Canada, engaged with #regulators for policy updates. #Kraken and #Gemini also increase Canadian investments.
2️⃣ #Ether's price surges, nearing $3,000 for the first time in almost 2 years, while Bitcoin remains steady. Public holiday in US limits #Bitcoin demand.#Altcoins show potential.
3️⃣ Bitcoin holdings on #Coinbase hit a 9-year low as whales withdraw $1B $BTC, sparking debate on supply shock or over-the-counter liquidity.
4️⃣ The #Cryptomarket saw a $2.45 billion inflow, led by the US. Bitcoin dominated with $2.42 billion. Total Assets Under Management reached $67 billion.the highest since December 2021.
5️⃣ British gov't planned #crypto rules approval by lawmakers within 6 months before 2024 election, addressing regulatory concerns. Announced by Bloomberg.
#Gemini Trust Co. to return $1.1 billion to customers, pay $37 million fine, resolving issues with NYDFS over Gemini Earn program.
Settlement addresses compliance lapses, fraud allegations, assures Earn users 100% #crypto back, pending final approval and #Bankruptcy Court process.
https://coinpedia.org/news/gemini-trust-co-strikes-1-1-billion-deal-with-nydfs-to-compensate-earn-customers/
Settlement addresses compliance lapses, fraud allegations, assures Earn users 100% #crypto back, pending final approval and #Bankruptcy Court process.
https://coinpedia.org/news/gemini-trust-co-strikes-1-1-billion-deal-with-nydfs-to-compensate-earn-customers/
CoinPedia
Gemini Trust Co. Strikes $1.1 Billion Deal with NYDFS to Compensate Earn Customers
Gemini Trust Co. has agreed to return $1.1 billion to customers and pay a $37 million fine, marking a resolution with the New York Department of Financial
Top #CryptoNews of Last Week
1️⃣ #BTC surged 5.25% on February 28th, exceeding $60,000, hitting a record high of 64K. February saw a nearly 45% increase.
2️⃣ In February, #Ethereum surged over 47%, hitting 3.4K on February 28th. It marked its sixth month of gains and its best since July 2022.
3️⃣#MicroStrategy bought 3,000 #bitcoins at $51,813/coin. By Feb 25, 2024, they held 193,000 bitcoins. #Saylor's wealth surged $700M.
4️⃣ Hong Kong's SFC CEO Anita ordered service providers to halt operations by May 31st without licenses. Deadline for virtual asset licenses passed on February 29th.
5️⃣President Nayib Bukele revealed #ElSalvador's #Bitcoin profits surpassing 40% with no plans to sell holdings. Acquisition cost: $44,292; 2,381 #bitcoins held.
6️⃣#SBF's lawyer seeks 63 to 78 months imprisonment, disputing fraud claims. SBF's diagnosed anhedonic depression considered for reduced sentence.
7️⃣After Nigeria banned cryptocurrency trading sites, executives were detained, and passports seized. Central Bank expressed concern over #Binance's operations.
8️⃣#Gemini returned $1.1 billion to customers post-settlement with NYDFS, addressing compliance lapses and reputational damage.
9️⃣ #DoKwon's potential extradition delays from Montenegro might make him miss the US civil trial against the SEC scheduled on March 25th.
1️⃣ #BTC surged 5.25% on February 28th, exceeding $60,000, hitting a record high of 64K. February saw a nearly 45% increase.
2️⃣ In February, #Ethereum surged over 47%, hitting 3.4K on February 28th. It marked its sixth month of gains and its best since July 2022.
3️⃣#MicroStrategy bought 3,000 #bitcoins at $51,813/coin. By Feb 25, 2024, they held 193,000 bitcoins. #Saylor's wealth surged $700M.
4️⃣ Hong Kong's SFC CEO Anita ordered service providers to halt operations by May 31st without licenses. Deadline for virtual asset licenses passed on February 29th.
5️⃣President Nayib Bukele revealed #ElSalvador's #Bitcoin profits surpassing 40% with no plans to sell holdings. Acquisition cost: $44,292; 2,381 #bitcoins held.
6️⃣#SBF's lawyer seeks 63 to 78 months imprisonment, disputing fraud claims. SBF's diagnosed anhedonic depression considered for reduced sentence.
7️⃣After Nigeria banned cryptocurrency trading sites, executives were detained, and passports seized. Central Bank expressed concern over #Binance's operations.
8️⃣#Gemini returned $1.1 billion to customers post-settlement with NYDFS, addressing compliance lapses and reputational damage.
9️⃣ #DoKwon's potential extradition delays from Montenegro might make him miss the US civil trial against the SEC scheduled on March 25th.
DCG CEO Silbert proposed Genesis-#Gemini merger in 2022, aiming at competing with major #cryptoexchanges.
Genesis-Gemini "Earn" initiative halted in 2022; DCG settles over $1 billion debt amidst complexities. #CryptoNews"
https://coinpedia.org/news/digital-currency-groups-merger-proposal-for-genesis-and-gemini-revealed-in-court-documents/
Genesis-Gemini "Earn" initiative halted in 2022; DCG settles over $1 billion debt amidst complexities. #CryptoNews"
https://coinpedia.org/news/digital-currency-groups-merger-proposal-for-genesis-and-gemini-revealed-in-court-documents/
CoinPedia
Digital Currency Group’s Merger Proposal for Genesis and Gemini Revealed in Court Documents
In recent court documents, an email exchange from 2022 brought an interesting proposal from Barry Silbert, founder and CEO of Digital Currency Group
K33 Research predicts #bullish trend due to #FTX's $14.5 billion cash repayments, contrasting with #crypto repayments. #CryptoNews
Staggered repayments from #FTX, #Gemini, and #Mt.Gox could smooth market volatility, despite controversies over FTX's proposal.
https://coinpedia.org/news/ftx-repayments-could-spark-crypto-market-surge-says-k33-research/
Staggered repayments from #FTX, #Gemini, and #Mt.Gox could smooth market volatility, despite controversies over FTX's proposal.
https://coinpedia.org/news/ftx-repayments-could-spark-crypto-market-surge-says-k33-research/
CoinPedia
FTX Cash Repayments: Bullish Signal for Crypto Market Recovery?
Experts at K33 Research are eyeing an encouraging upswing in the crypto market, thanks to the upcoming reimbursements from the bankrupt crypto exchange,