gemini

Cryptocurrency Firms Gemini, DCG, Genesis Sued in US for Alleged $1 Billion Fraud

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[ad_1] New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly “defrauding” investors of more than $1 billion (roughly Rs. 8,317 crore).  The development underscores the challenges the crypto industry continues to face almost a year after the bankruptcy of Sam … Read more

Gemini Crypto Exchange to Invest Up to Rs. 200 Crore in India as Part of Expansion Plans

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[ad_1] Gemini crypto exchange, originally based in the US, is now exploring foreign nations to expand its operations in and India seems to have caught its attention. Gemini first forayed in India back in May and after testing the waters for the last four months, the crypto exchange has decided to broaden its presence in … Read more

Mastercard, Binance to End Crypto Card Programmes in Four Countries

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[ad_1] Mastercard and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of September 22, a spokesperson for Mastercard said via email on Thursday. The Binance cards allow users to make payments in traditional currencies, funded by their cryptocurrency holdings on the exchange. Mastercard’s website also lists … Read more

Middle Eastern Crypto Exchange Rain Grabs License to Handle Assets in UAE

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[ad_1] Middle Eastern crypto exchange Rain said on Tuesday its Abu Dhabi unit obtained a license to operate a virtual assets brokerage and custody service for clients in the United Arab Emirates. The Bahrain-headquartered Rain, backed by Coinbase, said its entity based in the Abu Dhabi Global Market financial freezone will now offer institutional clients … Read more

Portuguese Startup Ethena Garners $6 Million in Funding from DragonFly, Huobi for Stablecoin Development

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[ad_1] Several venture capital firms have collectively poured in millions into Ethena, a Portugal-based startup. A total of $6 million (roughly Rs. 55 crore) has been poured by multiple investment firms into Ethena, that is gearing to launch a stablecoin backed on the Ethereum blockchain in the coming months. Dragonfly led this seed funding round, … Read more

Genesis Creditor Gemini Sues Parent Company Digital Currency Group, CEO

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[ad_1] Cryptocurrency exchange Gemini, the largest creditor of bankrupt crypto lending firm Genesis, sued parent company Digital Currency Group (DCG) and its CEO, the day after DCG missed the exchange’s deadline for agreeing to a restructuring deal for the venture capital firm’s troubled unit. DCG and Gemini, two prominent players in the crypto industry, have … Read more