The SEC is suing Gemini and Genesis Capital for allegedly selling unregistered securities. crypto gemini genesis blockchain layoffs
Cameron and Tyler Winklevoss' crypto exchange Gemini and crypto lender Genesis Global Capital sold unregistered securities in a. The regulator took aim at Gemini Earn, the troubled interest-bearing product that hundreds of thousands of U.S. investors entrusted with their crypto. Gemini generated yield on billions of dollars in crypto by loaning deposits to Genesis, which loaned them out again. as the industry continues to reel from the effects of the crypto winter.
of $254.65 for the shares, which closed at $47.55, up 8.6%, on Thursday. Analysts on average have a price target of $61.46, according to data compiled by FactSet.The chart shows the daily dollar value of short bets in the bitcoin futures market liquidated since August. On Thursday, centralized exchanges liquidated short positions worth $61.8 million, the highest since Sept. 9, taking out overleveraged bears from the market as bitcoin jumped to a two-month high of $19,097.
Liquidations happen when traders cannot fulfill margin requirements for holding long/short positions and often exacerbate bullish/bearish moves.
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