Gemini Partners With Crypto Lender Genesis to Offer 7.4% Yield on Customer De...
The product is part of Gemini’s attempt to bring in new crypto investors with bank-like products.
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Gemini’s new interest-earning program allows customers to earn interest on 26 crypto assets supported by the platform. Gemini cryptocurrency exchange has launched an interest-earning program for customers in the United States.Dubbed Gemini Earn, the program lets customers earn up to 7.4% annual interest on all cryptocurrencies supported by Gemini, the firm announced Tuesday. The platform supports 26 cryptos like Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC) and others. The program is immediately available for select Gemini customers, while a full-scale rollout....
In a recent development, bankrupt crypto lender Genesis has settled with defunct crypto hedge fund Three Arrows Capital (3AC), ending a months-long legal battle. According to court documents, Genesis will pay $33 million to resolve the more than $1 billion in claims asserted by 3AC against the Genesis Debtors. Genesis Resolves Dispute With 3AC The […]
According to recent reports, cryptocurrency company Genesis has suspended customer withdrawals in its lending unit, adding to the already tumultuous landscape of the digital currency industry. This halt follows the company’s bankruptcy filing earlier this year, triggered by the Gemini exchange’s refusal to facilitate customer withdrawals. The situation has escalated, involving legal intervention and a […]
The New York Attorney General, Letitia James, has set her sights on three major players in the crypto space, alleging investor fraud. Genesis Global, its parent company, Digital Currency Group (DCG), and the renowned crypto platform Gemini find themselves in the crosshairs of a significant lawsuit. Attorney General James accuses them of deceptive practices that have allegedly […]
One of the world’s largest credit card company, Mastercard has partnered with the Winklevoss brothers’ Gemini cryptocurrency exchange to facilitate its credit card crypto reward system. The Gemini-powered credit cards would offer a 3% crypto reward on purchases through the card starting this summer. The card is to be issued by WebBank, a Utah-based digital […]