Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Winklevoss Twins’ Gemini Promises to Return $1.1B to Earn Customers in NYDFS Settlement

Date:

Share post:



Winklevoss Twins' Gemini Promises to Return $1.1B to Earn Customers in NYDFS Settlement

As part of the settlement, Gemini will give Genesis – which provided services that helped Earn function – $40 million for its bankruptcy proceedings, which are ongoing, and pay $37 million to NYDFS. And, according to a press release, Gemini “has committed” to having $1.1 billion for its Earn customers by the time Genesis wraps up its bankruptcy proceedings. In a tweet, Gemini said this would amount to 100% of customers’ assets, received in-kind, assuming a bankruptcy court signs off on the agreement.





Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

HTX Backs Cold Storage and Automation in BitGo Deal to Attract Institutions

HTX, a global cryptocurrency exchange, has announced a partnership with BitGo Singapore to offer off-exchange settlement through the Go...

Florida’s Newest Snorkel-friendly ‘Reef Trail’ Is Now Open

Hollywood Beach, Florida, has opened a new artificial reef trail for snorkelers.The trail consists of underwater statues...

This Traveler Almost Received an $800 Fine and Lost Global Entry Over an Apple

A traveler shared a recent incident on TikTok in which she was almost fined by Customs and...

Latam Insights Encore: Milei’s Dollar Gambit Pays off, Argentina to Enter Global Market

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news...
Verified by ExactMetrics