The first broker-dealer start-up has been announced recently.
The outcome of the SEC’s lawsuit against Gemini and Genesis is expected to have significant implications for the crypto industry and its evolving regulatory landscape.
TradeBlock will officially begin the process of shutting down on May 31.
Gemini seeks to exact its owed payment sum from Genesis parent DCG and is working with several creditors on a forbearance plan.
Biden’s latest action against crypto has garnered several opposing reactions from the crypto community.
While the EU is in the final stages of making MiCA a reality and hence fosters a more defined market participation, the industry has been fussing around the laid-back approach of the US in relation to floating similar rules.
The anonymous sources revealed that the loan came after Gemini failed to raise external financial support.
The Bitcoin.com CEO says he has sufficient funds to repay $21 million to Genesis but questions the lawsuit against him.
The departure of the Nifty Gateway co-founders comes one week after Gemini’s partner, Genesis Global Capital, filed for bankruptcy protection.
GGC has given Ver 20 days to respond to the complaints filed against him.
Grayscale is now neck deep with the lawsuit and there are many assumptions from members of the public with respect to the potential bottlenecks that the lawsuit might present.