The CFTC’s action against Gemini is bad news for Bitcoin ETFs
The lawsuit against Gemini is not about an exchange-traded fund, it’s about how a particular Bitcoin futures contract is being represented. On June 2, 2022, the United States Commodity Futures Trading Commission (CFTC) initiated an action against Gemini, the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss. Among other things, the complaint alleges that Gemini made a number of false and misleading statements to the CFTC in connection with the potential self-certification of a Bitcoin futures contract, the prices for which were to be settled daily by an auction (the....
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A source close to the crypto exchange reportedly said there were 68 fewer employees on the company’s Slack channel as of Monday, suggesting Gemini had cut roughly 7% of its staff. Cameron and Tyler Winklevoss’ Gemini has reportedly laid off additional staff more than a month after reports suggested the cryptocurrency exchange cut 10% of its employees.In a Monday report from TechCrunch, the news outlet said that a source close to Gemini reported 68 fewer employees on the company’s Slack channel, suggesting the crypto exchange had cut roughly 7% of its more than 1,000 staff. The unnamed....
In the dynamic financial sector, Bitcoin ETFs are rapidly gaining ground against their gold counterparts, with inflows pushing total assets under management toward record highs. Bitcoin ETFs are set to overtake gold ETFs in total assets under management. Bitcoin ETFs Cement Role As Institutional Gateway To Crypto Bitcoin Exchange-Traded Funds (ETFs) are on the brink […]
Gemini expands, bitcoin and banks go head to head, and stealing RSA keys is easier than you might think. Want to catch up on the latest digital currency news? Take a look at the stories below. GEMINI IS GROWING. Digital currency exchange Gemini is stretching into Canadian territory. In a corporate blog post last Monday, Gemini co-founder Cameron Winklevoss wrote: “We are thrilled to announce the expansion of Gemini services to the Great White North! This is just the beginning of Gemini’s international expansion and our tireless pursuit of building a world-class digital asset exchange with....
The crypto world just got some rare good news. After years of fighting, Gemini and the SEC have finally agreed to settle their dispute over the Gemini Earn lending program. The deal isn’t final yet, but it already shows a softer tone from regulators. For investors, it’s a sign that crypto projects might get more breathing room as the industry matures. Add Gemini’s successful IPO to the mix and you have a new narrative: crypto isn’t going anywhere, it’s getting stronger. And that leaves one big question on the table. What’s the next crypto to explode as Gemini and SEC make peace? Let’s dive....
The new service will tailor to companies offering retail investors exposure to cryptoassets through traditional investment channels Being your own bank isn’t for everyone — and that includes companies and fund managers looking to issue cryptocurrency investment vehicles.Cryptocurrency exchange and custodial services provider Gemini announced today the launch of a new service tailored specifically towards funds and ETFs: Gemini Fund Solutions. The new service will offer “custody, clearing, trade execution, and other capital markets” facilities, as well as “provide education around the....