Gemini Launches Staking Pro in the UK, Allowing Users to Launch Ethereum Validators
June 23 (Cointime) - Gemini has expanded its Staking Pro to the United Kingdom, enabling UK users with 32 or more ETH to launch dedicated validators on Ethereum through Gemini's secure user interface. Staking Pro is a crypto staking product for institutions and high-net-worth individuals, currently available in over 30 countries.
Pepe Coin Skyrockets by Over 40% in 24 Hours Amid General Crypto Market Rally
June 22 (Cointime) - Pepe Coin (PEPE), a memecoin that gained popularity quickly after its mid-April launch, has surged by over 40% in the past 24 hours. This increase in price is due to the general rally in the digital asset market, which has recently reached a global capitalization of $1.23 trillion.
Gemini Co-Founder Cameron Winklevoss Claims "Great Accumulation of Bitcoin" Has Begun as ETF Filing Deadline Nears
June 22 (Cointime) - Gemini crypto exchange co-founder Cameron Winklevoss has claimed that the "great accumulation of Bitcoin" has begun, sparking speculation among investors and enthusiasts. Winklevoss drew comparisons between the previous decade, when Bitcoin emerged as the best investment, and the current decade, which presents an opportunity for the best trade. He emphasized that the window to purchase pre-IPO Bitcoin before ETFs go live and open the floodgates is closing fast. Big players in traditional finance, including BlackRock and Fidelity Investments, have filed for the spot Bitcoin ETF application, boosting investor confidence.
Gemini to Expand Singapore Office and Hire Over 100 Employees to Target Asia Market
June 20 (Cointime) - Gemini is planning to expand its team in Singapore to over 100 employees within the next year, as the company targets the Asia market. The Singapore office will serve as the hub for Gemini's APAC operations, which the company believes will drive the next wave of growth for crypto.
Gemini and Genesis File Petition to Dismiss SEC Action over Joint Venture Product, Gemini Earn
June 14 (Cointime) - Cryptocurrency exchange Gemini and bankrupt cryptocurrency lender Genesis Global Capital have filed a petition to dismiss the SEC's lawsuit against their joint venture product, Gemini Earn. The SEC claims that the yield-bearing instruments offered by the firms are securities being sold without proper registration. Gemini and Genesis argue that the transactions were loans and not securities, and have asked the court to dismiss the complaint or overturn the SEC's requests for disgorgement and permanent injunction. Gemini has criticized the SEC case as "ill-conceived" and is working with other creditors to ensure the best outcome for Earn users.
Winklevoss: SEC Lawsuits Will Alienate an Entire Generation of Would-be Democrats, Warren and Gensler Waging War against Crypto
Cameron Winklevoss, co-founder of Gemini, warns that the regulatory clampdown on crypto in the US led by Senator Elizabeth Warren and SEC Chair Gary Gensler will alienate a whole generation of would-be Democrats. Last week, the SEC sued two of the largest crypto exchanges, Binance and Coinbase.
Crypto exchange Gemini lays off 500 employees amid financial difficulties and regulatory challenges
Gemini, the cryptocurrency exchange owned by the Winklevoss twins, has had to lay off half of its workforce due to a drop in market prices and volumes. The company is facing regulatory challenges, including a lawsuit from the US Securities and Exchange Commission (SEC) over the alleged sale of unregistered securities. Gemini's market share has decreased by 50% from a year ago, and the Winklevoss brothers have invested $100 million of their own money to cover some of the company's operating expenses. They are also considering opening a second headquarters in Dublin to explore new markets abroad. However, the future of Gemini remains uncertain, and a takeover by a larger player in the industry could be a solution, but the company's legal problems with the SEC could make it difficult. Gemini is hoping for a bullish market recovery to increase volumes and return to profitability.
Gemini Expands into UAE Crypto Market with Acquisition of License
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has announced its plans to expand into the United Arab Emirates (UAE). The decision was influenced by the increasing interest in cryptocurrencies among UAE citizens and favorable conversations with regulators. Gemini plans to acquire a crypto service license to operate within a regulated framework. The UAE market offers potential for growth, with more than 35% of surveyed individuals in the UAE already owning cryptocurrencies and a willingness to use them for in-person purchases. Gemini's commitment to complying with regulations and operating transparently is expected to bring greater accessibility and opportunities for individuals in the UAE to engage with cryptocurrencies.
Gemini Eye UAE as Potential Hub for Crypto Exchange
The billionaire founders of Gemini, Cameron and Tyler Winklevoss, are considering Abu Dhabi and Dubai as potential Middle East hubs for their crypto exchange.
Gemini Faces Challenges As It Tries To Stay Relevant in the Cryptocurrency Industry
Gemini, a cryptocurrency exchange founded by the Winklevoss twins, is facing challenges as it tries to stay relevant in the industry. The SEC is suing the exchange for allegedly selling unregistered securities, its market share has shrunk, and its banking partner wants to break up.
