Investors are pulling funds out of major crypto exchanges as a result of the collapse of FTX, JPMorgan analysts have said. In a note to investors Wednesday, analysts at the investment bank noted that ...
Tag: Gemini
Gemini Restores Service to Exchange After Outage Spooks Investors
Crypto exchange Gemini today went down in a server outage for less than an hour, the platform said on Twitter. The exchange earlier today told customers that its Earn program lending partner, Genesis...
Gemini Dollar Lending Rates Spiked as High as 73% on Aave Amid Genesis Freeze
Gemini Dollar lending rates on decentralized finance (DeFi) lending protocol Aave soared as high as 73% on Wednesday after Gemini announced that withdrawals from its Earn product may be delayed due to...
Gemini suspends withdrawals for its EARN program, Is it also on the edge of bankruptcy?
Gemini, a regulated cryptocurrency exchange has temporarily suspended the withdrawals. Now the question arises… is it safe to keep your assets on this platform? In line with the PR team of the Winkle...
Crypto Exchange Gemini Back Online After Hit by Outage
49 seconds ago | 2 mins read Exchange News Gemini guaranteed its customers that their money is secure. Gemini advised clients earlier today that there may be delays for withdrawals on its Earn product...
Gemini Earn Warns Customers of Likely Withdrawal Delays Due to Genesis Lending Pause
Crypto exchange Gemini warned customers today that there may be delays for withdrawals on its Earn product. The delays are due to Genesis Global Capital’s announcement today that it would pause ...
Tether says it has no exposure to Genesis Global or Gemini Earn
Tether issued a short statement on Nov. 16 saying that it has no exposure to institutional crypto lender Genesis Global or the Gemini Earn program after the announcement that Genesis Global and the Ge...
Gemini Blocks “Earn” Crypto Program
Gemini is the latest in a series of companies experiencing problems with the processing of crypto and non-crypto withdrawals. According to the company itself, it will not be able to process refunds to...
Stablecoins Like USDT and USDC Moving out of Gemini & Other Major Exchanges! What’s Next?
The impact of the FTX collapse has been spreading significantly over the other platforms as more number of them are restricting users’ activity, failing to carry out their business as usual. While som...
Gemini, OKX, Crypto.com experienced ‘severe’ outflows as stablecoins see exodus: JPMorgan
Gemini, OKX and Crypto.com experienced “severe” outflows over the past week while a declining stablecoin market shows an investor exodus, according to analysts at JPMorgan Chase. Exc...
Gemini Exchange Suffers Temporary Outage, Citing ‘Site Maintenance’
Gemini users temporarily lost access to the exchange Wednesday following an announcement the company was pausing its Earn product, but the outage was apparently due to an unrelated server issue. ...
What Went Wrong At Gemini Exchange Today?
Users of crypto exchange Gemini temporarily lost access to their crypto assets on Wednesday. The incident took place soon after the firm announced it was temporarily stopping its Earn product, but it ...
Gemini falters on EARN redemption requests due to partner’s suspended withdrawals – crypto.news
U.S leading crypto exchange, Gemini, says redemption of EARN products is being delayed after its partner in the product, Genesis Global, paused withdrawals on its borrowing platform amid the crypto li...
Gemini Next? On-Chain Analysts Reveal What’s Going On
The contagion effects around the collapse of FTX still cannot be gauged. The close ties within the crypto industry have caused even a reputable exchange like Gemini to run into trouble with withdrawal...
Winklevoss’s Gemini Earn Holds Withdrawals Following Genesis
Yuri Molchan Earn program of Gemini exchange says it will not be able to deliver on its SLA redemptions for customers Disclaimer: The opinion expressed here is not investment advice – it is provided f...
Crypto Exchange Gemini Suffers $485M Rush of Outflows Amid Contagion Fears
Gemini, a crypto exchange and custodian founded by the Winklevoss brothers, has suffered a rush of withdrawals as crypto firms wrestle with the reverberations of the FTX-Alameda bankruptcy and subsequ...
Gemini down due to Amazon Web Services EBS outage; exchange working on restoring functions
Crypto exchange Gemini services are down, causing speculation that it is the latest victim of the FTX crisis. However, the exchange has maintained on its status page that wire transfers are affected,...
Crypto exchange Gemini reports broad outage, says client funds ‘secure’
UPDATE (1:35 p.m. ET): Gemini says its services have been restored following the outage. Gemini’s crypto exchange is offline. The outage is affecting a number of services, including its tr...
Gemini Halts Withdrawals For Its EARN Program. Is The Giant Under Water?
Make no mistake, Gemini promises that “all customer funds held on the Gemini exchange are held 1:1 and available for withdrawal at any time.” And, apparently, they’re just temporally halting withdrawa...
Gemini Recovers From Services Outage Following Genesis Withdrawal Freeze
Gemini – the crypto exchange founded by the Winklevoss twins in 2014 – experienced sweeping service disruptions shortly after Genesis froze customer withdrawals on Wednesday. The firm later clarified...
Gemini Exchange Suffers Temporary Outage, Citing ‘Site Maintenance’
Gemini users temporarily lost access to the exchange Wednesday following an announcement the company was pausing its Earn product, but the outage was apparently due to an unrelated server issue. Gemi...
Genesis Global Capital suspends redemptions, with impact spreading to Gemini
Genesis Global Capital, the lending business of Genesis Trading, temporarily suspended redemptions and new loan originations in the wake of FTX’s recent collapse and the earlier Three Arrows Cap...
Gemini Earn halts withdrawals due to ‘market turmoil’ caused by FTX fallout
Gemini, a cryptocurrency exchange based in the U.S., said that it has paused withdrawals on its Earn program. Genesis Global, the lending partner of the Earn program, is no longer able to meet custome...
Circle Yield Reduced to Zero, Gemini Earn Paused as Genesis Contagion Spreads
Circle, Gemini, Luno and Hut 8 Mining are among major crypto companies with exposure to digital currency prime broker Genesis, which has halted customer redemptions and new loan originations within it...
FTX Contagion: Genesis and Gemini Hit in Crypto Chaos
Key Takeaways Genesis has paused its crypto lending business, citing “extreme market dislocation” caused by FTX’s collapse. Crypto exchange Gemini has also halted withdrawals from its Earn progr...
Gemini Earn unable to meet customer redemptions as Genesis unit pauses withdrawals
Crypto exchange Gemini said its Earn program “will not be able to meet customer redemptions within the service-level agreement of five business days” following the announcement that lendin...
Genesis Capital Pauses Withdrawals, Gemini Earn Affected – Trustnodes
Genesis Global Capital, a crypto lender that focuses on institutional investors with $2.8 billion in loans as of Q3 2022, has suspended loan redemptions its Interim CEO Derar Islim said in a call to c...
Gemini Announces Expansion to 5 More European Union Nations
Over 65 nations may currently use Gemini. In the year 2020, the UK became the first European country to utilize the exchange. Despite the sustained decline in cryptocurrency prices, crypto exchange Ge...
Gemini Opens for Business in Czechia, Denmark, Latvia, Liechtenstein, Portugal, and Sweden – crypto.news
One of the world’s top cryptocurrency exchanges, Gemini, has announced its latest advancements. The company said it has opened and begun to run its operations in more European countries. The company’s...