A source with insider knowledge told TechCrunch that the exchange plans to cut down from 950 employees to 800 in a move aimed at “extreme cost-cutting.”
Gemini stands accused of lying to U.S. federal regulators about market-makers wash trading to artificially goose the digital currency exchange’s trading volume.
The Winklevoss twins have settled their lawsuit against Charlie Shrem, who they claimed owed them $26 million worth of cryptocurrency.
The Winklevoss brothers are suing Charlie Shrem, claiming the crypto investor and entrepreneur owes them some $32 million worth of cryptocurrency from a previous business deal.
Tyler and Cameron Winklevoss are seeking another patent, this time for a blockchain-based system designed for “securely storing digital assets” like cryptocurrency.