Reversing layoffs of 2022? Crypto exchanges are adding staff members

April 16, 2024 Coin Telegraph

Binance

Kris Marszalek reportedly said Crypto.com planned to “slowly, thoughtfully, and strategically” add new staff members as part of plans to increase the exchange’s registered users.

Crypto.com CEO Kris Marszalek reportedly said the exchange has been adding people to its staff in a move that could increase the number of employees by roughly 1,400.

According to an April 16 Bloomberg report, Crypto.com, Binance, Coinbase, Gemini, and Kraken have been hiring team members as cryptocurrencies like Bitcoin (BTC) rally ahead of the blockchain’s halving. Many major crypto and technology companies announced significant layoffs in 2022 and early 2023 amid a market downturn, resulting in firms including FTX, Celsius, BlockFi, and others filing for bankruptcy.

Marszalek reportedly said Crypto.com had already hired 700 staff members since November 2023 and planned to onboard another 700 for customer service and corporate positions. The CEO said the addition of the staff was aimed at “slowly, thoughtfully, and strategically” supporting plans to increase its number of registered users.

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Genesis settles with SEC for $21M over Gemini Earn

March 19, 2024 The Crypto Briefing

Genesis Global Capital agrees to pay the SEC a $21M penalty, finalizing the settlement over the Gemini Earn program violations.

Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments

Email Shows Digital Currency Group and Gemini Explored Merger Before Genesis Bankruptcy

March 8, 2024 Bitcoin.com

bitcoin.com

In an email found within the motion by Digital Currency Group (DCG) and Barry Silbert to dismiss the lawsuit initiated by the New York Attorney General, discussions of a potential merger between Gemini and Genesis were revealed before Genesis ultimately opted to declare bankruptcy. “Combined Gemini and Genesis would be a juggernaut and would be […]

Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments

Coin-for-Coin Payback — Gemini Announces Full Recovery of Crypto Assets for Earn Users After Genesis Settlement

March 1, 2024 Bitcoin.com

bitcoin.com

Gemini has reached a settlement with Genesis and other creditors within the Genesis bankruptcy proceedings, promising a full in-kind return of digital assets to Earn program users. This resolution, pending bankruptcy court approval, signifies a major victory for users, with over $1.8 billion in assets set to be returned. Potential Full Crypto Asset Recovery for […]

Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments

Gemini Agrees to Over $1 Billion Restoration in Settlement With New York Regulators

February 29, 2024 Bitcoin.com

Gemini Agrees to Over Billion Restoration in Settlement With New York Regulators

Adrienne A. Harris

In an agreement with the New York Department of Financial Services (NYDFS), the Winklevoss-led cryptocurrency exchange Gemini has committed to returning over $1 billion to its customers. The settlement, which also includes a $37 million fine, comes as a significant development for the exchange amidst several ongoing legal challenges with big-name crypto firms and heightened […]

Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments

Report: Genesis Global Cleared to Unload $1.3 Billion in GBTC Shares

February 14, 2024 Bitcoin.com

Report: Genesis Global Cleared to Unload .3 Billion in GBTC Shares

bitcoin.com

Genesis Global Capital has received authorization to offload its stake in Grayscale’s Bitcoin Trust (GBTC), valued at approximately $1.3 billion. Genesis Global Permitted to Liquidate $1.3 Billion in Bitcoin Trust Shares According to Bloomberg, Genesis Global Holdco LLC secured Judge Sean Lane’s approval to liquidate its GBTC investments, currently estimated at $1.3 billion. The request […]

Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments

Crypto Lender Genesis Agrees to $21 Million Civil Penalty To Settle Gemini Earn SEC Lawsuit: Report

February 2, 2024 The Daily Hodl

crypto

Bankrupt crypto lender Genesis is reportedly agreeing to pay a $21 million civil fine to settle with the U.S. Securities and Exchange Commission (SEC) over the now-defunct Gemini Earn program. According to a new report by Reuters, the settlement will allow Genesis to focus on repaying customers and creditors instead of having to defend itself […]

The post Crypto Lender Genesis Agrees to $21 Million Civil Penalty To Settle Gemini Earn SEC Lawsuit: Report appeared first on The Daily Hodl.

Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments

Bitcoin Whale Abruptly Moves Over $1,518,000,000 in BTC – Here’s Where the Crypto’s Going

February 1, 2024 The Daily Hodl

Bitcoin

Deep-pocketed Bitcoin (BTC) traders are suddenly moving billions of dollars worth of the flagship digital asset to and from crypto exchanges and unknown wallets. New data from whale-surveying platform Whale Alert reveals that one BTC whale abruptly moved 35,049 BTC worth $1,518,020,170 from an unknown wallet to another on January 31st, the biggest transaction involving […]

The post Bitcoin Whale Abruptly Moves Over $1,518,000,000 in BTC – Here’s Where the Crypto’s Going appeared first on The Daily Hodl.

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Google slashes price of Gemini AI model, opens up to developers

December 14, 2023 Coin Telegraph

Amazon

The Google parent company Alphabet said it is slashing prices for its pro version of AI model Gemini and plans to make its tools more accessible to developers to create their own versions.

Alphabet, the parent company of Google, announced on Dec. 13 that it plans to slash the cost of a version of its most advanced artificial intelligence (AI) model Gemini and make it more accessible to developers.

According to reports, the company said the price for the pro model of Gemini has been cut 25-50% of what it was in June.

Gemini was introduced in three variations on Dec. 6, with its most sophisticated version being able to reason and understand information at a higher level than other Google technology, along with computing video and audio.

Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments

Gemini creditors revolt over ‘brutal’ Bitcoin slashing reorg plan

December 14, 2023 Coin Telegraph

Coin Telegraph

Under the proposed plan, Gemini Earn users may only recover 61% of their lost funds in a worst-case scenario.

Gemini Earn creditors are fuming over a proposed reorganization plan that could see their promised Bitcoin (BTC) payouts effectively slashed to about 30% of what they’re worth at current market rates.

In an X post, Gemini Trust revealed it sent creditors an email on Dec. 13 outlining the proposed plan, which has now been put up for a vote.

Under the proposed plan, creditors will receive a payout equal to their Earn crypto balances as of Jan. 19, 2023 — the date that Gemini’s cryptocurrency lending partner Genesis Global Capital filed for bankruptcy.

Gemini

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