Monat: Januar 2023

• The U.S. Securities and Exchange Commission (SEC) has charged crypto firms Genesis and Gemini for allegedly selling unregistered securities concerning a high-yield product offered to depositors. • The product in question, Gemini’s Earn Program, satisfied the SEC’s definition of security and was backed by Genesis’ lending activities. • SEC Chair Gary Gensler said in a statement that the charges are meant to make it […]

• Crypto Payments Company Wyre CEO Loannis Giannaros has downplayed claims that his company is planning to shut down operations this month. • Michael Staib, formerly the technical engineer at Wyre, posted on his LinkedIn profile on December 31, 2022, saying: Wyre won’t continue as a profitable business. • The Wyre-Bolt deal was scrapped in September, but the two firms agreed to remain „friends“ and […]

• Genesis Global Trading, a crypto lender and market maker, is facing financial issues and has halted withdrawals. • Interim CEO Derar Islim has sent a letter to clients asking for more time to resolve the crisis. • Barry Silbert, the CEO of Genesis‘ parent company Digital Currency Group, has been involved in a Twitter altercation with the co-founder of Gemini, Cameron Winklevoss, over the […]