Coinbase, Gemini set to bid on Celsius Network’s Assets
The assets of the insolvent crypto lender Celsius Network will be the subject of a bidding war between two new consortiums on April 25 in New York. The cryptocurrency exchanges Gemini and Coinbase are among the businesses taking part in the bids, according to reports and court documents. According to court records, one of the […]
Gemini Submits Application to Stay Open in Canada
According to a blog post on April 12, Gemini has made a regulatory filing through which it expects to go on doing business in Canada. In order to register as a restricted dealer, Gemini claimed to have submitted a pre-registration undertaking to Canada’s Ontario Securities Commission (OSC). This registration is necessary under recent Canadian securities […]
Gemini claims there are no funds backing GUSD at Signature Bank
Gemini claimed to have had a relationship with Signature in the past, but added that it no longer has any funds there. According to an official tweet from the company, Gemini had no cash at Signature Bank and its Gemini US Dollar (GUSD) stablecoin was not secured by any deposits at the bankrupt bank. The […]
Aggrieved investor files lawsuit against BlockFi execs, Gemini
A class-action lawsuit was launched against BlockFi’s executives, two directors, and cryptocurrency exchange Gemini by an investor with approximately $2 million in frozen funds in the insolvent cryptocurrency lender. Investor Trey Greene accused the defendants of numerous wrongdoings, including violating the consumer fraud and exchange acts, breaching its fiduciary duties, and offering and selling unregistered […]
Co-founders of Nifty Gateway step down amid Gemini issues
Co-founders of the NFT auction platform Nifty Gateway, Duncan and Griffin Cock Foster, announced their resignations on January 25 in a Twitter thread. Twin brothers Duncan and Griffin Cock Foster, co-founders of the NFT platform Nifty Gateway , owned by Gemini, are leaving the company and resigning from their positions. Their resignations took effect right […]