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In the absence of federal action, states are leading the way on oversight—including new legislation out of California. California’s crypto bill reveals the fractured state of digital asset ...
Due to a massive Bitcoin selloff as a result of crypto prices crashing back in May, several crypto exchanges including Coinbase, Binance, Gemini and Kraken had technical issues. Now, some investors...
Founded in 2015, Gemini received a key trust charter from DFS the same year, allowing it to operate as a regulated crypto business under the state's first-of-its-kind oversight regime.
The estate of defunct crypto exchange FTX filed a suit against Binance and its former CEO ChangPeng Zhao seeking to recoup almost $1.8 billion FTX alleges was “fraudulently” transferred to ...
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Gemini Trust Company, LLC (Gemini) is an American cryptocurrency exchange and custodian bank.It was founded in 2014 by Cameron and Tyler Winklevoss. [4] [5] [6]In 2023, the company, along with two others, was sued by the New York attorney general Letitia James under allegations that it had "defrauded" investors by exposing them to undue risk.
Gemini Trust, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, will return at least $1.1 billion to customers of its now shuttered lending program, following a settlement with a ...
In June 2022, the US Securities and Exchange Commission launched an enquiry into Binance as an entity and not into the crypto products it was dealing in. [21] On 11 November 2022, FTX , which was at that time the third largest cryptocurrency exchange by volume and valued at $18 billion, [ 22 ] entered bankruptcy proceedings in the US court ...
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