Crypto has faced some tough times lately, though the kids who are among its most fervent boosters keep insisting that the value of their shiny coins will rebound in 2023. Like, for sure. Faster than you can say Winklevoss! Good times for us and the brothers must be right around the corner, right? Well, it… Read More >>
CFTC Sues Gemini Over Bitcoin Futures Offering Data
The Commodity Futures Trading Commission (CFTC) is suing Gemini Trust Company, based in New York City, alleging that in 2017 the cryptocurrency exchange made false or misleading statements to the CFTC about the self-certification of a bitcoin futures product. The regulator has filed a complaint in the U.S. District Court for the Southern District of… Read More >>
Gemini Unit Wins FINRA Approval & Other Briefs
Gemini Says It Has First-Mover Advantage Gemini Trust Co., a cryptocurrency exchange and custody company, reports via a company blog that its broker-dealer candidate Gemini Galactic Markets has gotten the approval of self-regulatory organization FINRA to operate as an SEC-registered broker-dealer, and to be a FINRA member. The Gemini Team blog post argues that the… Read More >>
Regulator Wants Social Media Controls After Twitter Hacks
“On July 15, 2020, a 17-year old hacker and his accomplices breached Twitter’s network and seized control of dozens of Twitter accounts assigned to high-profile users,” a recent report from the New York State Department of Financial Services specifies. That widely publicized hack also exposed private information about both regulated cryptocurrency firms and public figures… Read More >>
Gemini Founders Want SRO for Crypto Markets
The founders of a cutting-edge digital asset exchange company, Gemini Trust Company, LLC, are arguing for a self-regulatory organization (SRO) that would govern transactions based upon emerging cryptocurrencies, and the effort has gotten the attention of the CFTC. Cameron Winklevoss, co-founder and president at Gemini, and his twin brother Tyler launched Gemini “a licensed digital… Read More >>
