Gemini seeks ‘unfit’ Barry Silbert’s ouster as Digital Currency Group CEO
Cameron Winklevoss says some 340,000 Gemini Earn users have been “defrauded” by DCG subsidiary Genesis Global Capital and, by extension, by Silbert “and other key personnel.”
Cameron Winklevoss says some 340,000 Gemini Earn users have been “defrauded” by DCG subsidiary Genesis Global Capital and, by extension, by Silbert “and other key personnel.”
Barry Silbert hits back with Cameron Winklevoss' accusation, saying DCG never borrowed funds from Genesis and has delivered a proposal to solve the liquidity issues at both firms.
Gemini was among the many digital asset companies offering Earn accounts but with the contagion hitting its business partner Genesis, it suspended the accounts.
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.
The U.S. Patent and Trademark Office has awarded the Winklevoss twins a patent that would allow them to settle exchange-traded products (ETPs) with digital currencies like BTC, Ripple, Ethereum, and Dogecoin.