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With investor confidence seemingly at an all-time low thanks to the recent slew of insolvencies, a new saga seems to be now unfolding in real time. This one involves crypto exchange Gemini’s Winklevoss twins and Barry Silbert, CEO of Digital Currency Group (DCG) — the parent firm behind crypto market
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The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from hundreds of thousands of investors,” the SEC alleged. SEC Takes
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The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 13, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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The SEC also revealed that Genesis and Gemini generated assets worth hundreds of dollars from hundreds of thousands of investors.On the 12th of January, the US Securities and Exchange Commission (SEC) charged crypto exchange Gemini and crypto lending firm Genesis Global Capital with offering and selling unregistered securities. Both companies
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The Securities and Exchange Commission alleged crypto exchange Gemini and Genesis sold unregistered securities in an enforcement action late Thursday. Source
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The United States Securities and Exchange Commission (SEC) on Jan. 12 charged cryptocurrency lending firm Genesis and crypto exchange Gemini with offering unregistered securities through Gemini's "Earn" program.“We allege that Genesis and Gemini offered unregistered securities to the public, bypassing disclosure requirements designed to protect investors,” said SEC Chair Gary
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In his letter Tuesday, Silbert said DCG has borrowed from Genesis Capital, but "these loans were always structured on an arm's length basis and were priced at prevailing market interest rates." Silbert said DCG has a $1.1 billion promissory note maturing in 2032 with Genesis Capital, which arose from DCG
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Gemini ended the master loan agreement (MLA) between its customers and Genesis, Gemini told customers of its Gemini Earn in an email on Tuesday. "This officially terminates the Earn Program and requires Genesis to return all assets outstanding in the program," according to Gemini's email. "Existing redemption requests are not
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The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 9, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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