Gemini Announces 10% Reduction In Employment To Survive Crypto Winter
For the first time, Gemini Trust Co., a crypto exchange established by two brothers, Tyler and Cameron Winklevoss, has announced a 10% reduction in employment due to the overall industry decline. Gemini is a United States-based regulated crypto exchange established in 2014, providing services to its customers to trade digital currencies, including Bitcoin, Ethereum, and […]
Related News
Calling a market bottom is impossible, but traders can use these five indicators to get an early signal of when a bear market is close to ending. The bull market is gone and the reality of a long crypto winter is surely giving traders a bad case of the shivers. Bitcoin’s (BTC) price has fallen to lows not even the bears expected, and some investors are likely scratching their heads and wondering how BTC will come back from this epic decline. Prices are dropping daily, and the current question on everyone’s mind is: “when will the market bottom and how long will the bear market last?”While....
The chief of Twitter and Tesla said that bitcoin ‘will make it’, but the financial winter may last quite some time following recent events in the ecosystem.
The boss of the world's largest crypto exchange said we've been through this before as a community. Binance CEO, Changpeng Zhao, commonly known as “CZ,” said in a recent interview that a potential crypto winter is good for business.When asked how Binance will fare during the current crypto winter following reports of recruitment freezes at Gemini and Coinbase, he answered confidently. “It’s not the first time we’ve gone through a crypto winter. If we are in a crypto winter, it would be my third and Binance's second. So it's not the first time we’ve been through this.”Some climbing ahead.....
The multi-month pullback in crypto prices are giving veteran investors flashbacks of the 2018 crypto winter. Here are 5 things investors can do to survive a bear market. The cryptocurrency market has an interesting way of catching even the most seasoned veterans off guard as each bull and bear market initially shows similarities to previous cycles only to veer off in an unexpected direction and wipe out the fortunes of newly minted crypto millionaires. This was the case with the weak close of 2021 which completely went against the bullish $100,000 BTC price estimates that crypto analysts....
Gemini has adjusted its flat fee schedule to a dynamic, real-time, “maker-taker” schedule after collecting enough data to know how to encourage a stable, efficient and active marketplace, according to a blog on the Gemini website by Cameron Winklevoss, president and co-founder. To launch the program, every customer will get the most favorable fee and rebate rates of 15 bps (0.15%) rebate on liquidity-making trades and incur a 15 bps (0.15%) fee on all such trades for the following windows: Current Gemini operation areas March 1, 2016 at 9:30 a.m. ET to March 31, 2016 at 9:30 a.m. ET.....