Gemini Exchange Company in North America Gemini is a regulated digital asset exchange and custodian that allows customers to buy, sell, store, and stake digital assets in a regulated, secure, and compliant manner. More about Gemini Info Twitter LinkedIn
Ethereum development firm ConsenSys will be audited at the request of its shareholders, according to a report from Finextra on Jan. 18. ConsenSys allegedly transferred business products and units between its Switzerland- and U.S.-based corporations in a transaction called “Project Northstar.” That transfer allowed ConsenSys’s U.S. division to raise $715 million from 2020 to 2022….
The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $20,793.29 and BTC market dominance is %. The price of Ethereum is $1,526.28 and ETH market dominance is %. The best performing cryptoasset sector is Adult, which gained 14%.
Ripple CEO Brad Garlinghouse has said that his company’s legal conflict with the U.S. Securities and Exchange Commission will likely conclude in the first half of 2023. On Jan. 18, Garlinghouse spoke to CNBC at the WEF’s Davos conference. He said: “We’re optimistic that this will certainly be resolved in 2023, and maybe [in] the…
Anatoly Legkodymov, the founder of Hong Kong-registered crypto exchange Bitzlato, was arrested in Miami on Wednesday and charged with allegedly running an unregistered money-transmitting business that flouted anti-money laundering laws and facilitated illicit fund transmissions, the U.S. DOJ announced Jan. 18. Russian national Legkodymov was a majority shareholder of Bitzlato and controlled the exchange. Additionally,…
The U.S. Securities and Exchange Commission (SEC) brought 30 enforcement actions against crypto market participants last year — the highest since 2013, according to a Cornerstone Research report. The number of SEC enforcement actions in 2022 was up 50% from the 20 actions launched in 2021, the report stated. Out of the 30 enforcement actions,…
Bankrupt crypto exchange FTX filed a Jan. 17 response — authored by Sullivan & Cromwell (S&C) lawyers — to the objections surrounding its retention of the law firm as an advisor. FTX said the law firm’s role at the bankrupt exchange was of “critical importance,” citing how its information sharing with U.S. prosecutors and regulators…
FTX founder Sam Bankman-Fried (SBF) said on Jan. 17 that FTX.US was solvent, adding that customers should be given access to their funds. SBF was reacting to new revelations made by the FTX management about the shortfalls in the U.S. subsidiary. The claims are “misleading” because it does not consider the $428 million in the…
A recent court filing in the FTX bankruptcy case has revealed a “$65 billion backdoor” between Alameda and FTX. The filing includes a deck detailing the current findings relative to FTX group funds. The deck includes an illustration of the FTX liquidation process alongside a code sample that allegedly represents the Alameda backdoor. While customers…
Irina Heaver, a crypto lawyer based in the Middle East, authored the following guest post. 2022 was an eventful year for the Web3 Founders, crypto lawyers, and Financial Regulators. The industry witnessed multiple bankruptcies and allegations of fraud that would make Madoff look like an angel. Some of the highest-profile influencers and sports stars were…