Gemini’s Cameron Winklevoss Mocks DCG’s Lawsuit Reply

2023-8-12 14:00

Gemini co-founder Cameron Winklevoss criticized Digital Currency Group and Barry Silbert’s response to its lawsuit over the Gemini Earn program.

On August 11, Winklevoss described the response as “a brief written by a law school student conjuring up technical legal defenses in a vacuum.”

Winklevoss Criticizes DCG For Denying Role in Earn Program

In July, Gemini filed a lawsuit against DCG and Silbert over the failure of its bankrupt subsidiary, Genesis. The bankrupt lender could not honor its obligations to its creditors, including the Gemini Earn program, due to its exposure to the FTX’s collapse.

Read More: Top 11 Crypto Communities To Join in 2023

Cameron asserted that DCG’s explanation regarding its non-involvement in the Earn program amounted to clearly acknowledging its responsibility. The exchange CEO pointed out that DCG’s argument, suggesting it holds no obligation to rectify purportedly inaccurate statements from Genesis to Gemini, lacks credibility when subjected to scrutiny.

“You’ve got to be kidding me, When a company you own says you wrote a $1.1 billion dollar check that you know you didn’t write, yes, you have a duty to correct this,” he wrote.

Winklevoss alleged that this response followed Silbert’s pattern of evading accountability, feigning ignorance, and exploiting technicalities to evade legal obligations. He added that the response “completely ignores the reality of the situation in a comical way.”

Navigate the crypto market effortlessly with our XRP price predictions.

On August 10, DCG filed a motion to dismiss the ongoing lawsuit brought forth by Gemini. The cryptocurrency investment firm framed the lawsuit as an extension of a public relations smear campaign initiated by Gemini’s co-founders.

DCG further stated that despite both companies’ corporate relationship, Gemini failed to attach Genesis as a defendant in the case. Due to this, it wants the court to dismiss all of the charges with prejudice.

Gemini Plans 28K XRP Giveaway

Meanwhile, Gemini is trying to attract more users to its platform by giving away 28,000 XRP tokens in one week. In an August 11 tweet, Gemini announced the launch of an XRP faucet program that will give away 4,000 XRP daily until August 18.

Throughout the period, the faucet would open by 3:00 pm EST until the day’s allocation was depleted. The giveaway allows people with verified Gemini accounts to claim a maximum of 20 XRP daily.

The exchange has taken steps to attract greater participation by relisting the XRP token and incorporating support for the XRP Ledger (XRPL) blockchain. Despite this, Gemini encountered minor challenges with the digital asset. Its value soared to $50 on the platform due to liquidity issues.

Read More: 11 Best Crypto Portfolio Trackers in 2023

The post Gemini’s Cameron Winklevoss Mocks DCG’s Lawsuit Reply appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Gemini dollar (GUSD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.9802
Капитализация $0 Rank 99999
Доступно / Всего 0 GUSD

gemini winklevoss lawsuit cameron mocks reply dcg

Источник: beincrypto.com

gemini winklevoss → Результатов: 126


Фото:

Winklevoss Twins, Operators of the Gemini Exchange, Hopeful for a Bright 2019

As the crypto winter continues, many retail investors are saying goodbye to the market, but for Cameron and Tyler Winklevoss, they believe big opportunities in cryptocurrency still exist. The operators of the Gemini crypto exchange- which provides both trading and custodial services to users and launched the Gemini Dollar (GUSD) stablecoin earlier this year, are looking […] Winklevoss Twins, Operators of the Gemini Exchange, Hopeful for a Bright 2019 was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-12-13 15:29


Фото:

Gemini Exchange Launches Gemini Dollar, a Stablecoin Similar to Tether

In a new blog post, cryptocurrency exchange Gemini announced the launch of its own stablecoin — Gemini dollar. The cryptocurrency is pegged to the US dollar 1:1 and designed as an ERC20 token. Cameron Winklevoss wrote in the post that they intend to bring fiat and cryptocurrency closer by creating a regulated and trustworthy US […] Gemini Exchange Launches Gemini Dollar, a Stablecoin Similar to Tether was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-9-12 18:59


Winklevoss Twins Launch Stable Coin, Receive Green Light from Regulator

The Winklevoss twins have just launched a stable coin on their Gemini platform. It is the first of such products to receive approval from a financial regulator. Gemini Dollar Gets Blessing from the New York Department of Financial Services Tyler and Cameron Winklevoss continue to champion the cause of cryptocurrency, despite the declines in prices.

2018-9-11 21:00


Фото:

US Regulators Approve Winklevoss Twins’ Fiat-Backed Stablecoin Gemini Dollar

New York regulators have given the green light to Tyler and Cameron Winklevoss’ first cryptocurrency, a stablecoin attached to their trading platform Gemini. Solving Stablecoin ‘Trust Problems’ As Forbes reports on September 10, the token, the Gemini Dollar, will have the backing of investment bank State Street, which takes custody of the fiat dollars it is backed by.

2018-9-10 19:00


Good News! Over $1 billion worth of Crypto to be Returned to victims of Mt.Gox Hack

An end has not come to the controversy that surrounded the first cryptocurrency exchange and the world’s largest holder of bitcoin trades as at 2014. Mt. Gox saga made way for the likes of Tim Draper and the Winklevoss twins Tyler and Cameron the cofounders of Gemini exchange to make good fortune through the stolen […] The post Good News! Over $1 billion worth of Crypto to be Returned to victims of Mt.Gox Hack appeared first on ZyCrypto.

2018-8-25 21:56


Фото:

Братья Уинклвосс создали Ассоциацию виртуальных биржевых товаров

Криптовалютные биржи Gemini, Bitstamp, BitFlyer и Bittrex будут совместно бороться с манипуляциями на рынке цифровых активов в рамках работы Ассоциации виртуальных биржевых товаров (Virtual Commodity Association, VCA), созданной братьями Кэмероном и Тайлером Уинклвосс (Cameron, Tyler Winklevoss).

2018-8-21 00:12


Фото:

Winklevoss’ Gemini Teams Up with 3 Big Exchanges to Form Self-Regulatory Group

Four cryptocurrency exchanges, including Gemini – the one founded by the Winklevoss brothers, is purportedly setting up a working group to bring new industry standards. Virtual Commodity Association Working Group (VCAWG) The Winklevoss twins’ cryptocurrency exchange Gemini is teaming up with three other exchanges to form a new self-regulatory organization (SRO) dubbed the Virtual Commodity Association Working Group.

2018-8-20 19:00


Фото:

This Is A Sign Of Things To Come, There’s Nine More Bitcoin ETF’s To Be Approved

This weeks decision by the United States Securities & Exchange Commission (SEC) to delay the decision on the pending SolidX-VanEck Bitcoin ETF application had caused a storm in the markets. Likewise, a few weeks ago, we saw a similar thing happen within the markets when the SEC rejected a Bitcoin ETF application made by the Winklevoss twins and Gemini.

2018-8-9 12:00


Interview: Bitcoin ETF Approval Unlikely in 2018 but Maybe 2019

Several cryptocurrency investors and analysts believe the first Bitcoin exchange-traded fund (ETF) will not hit the US markets until 2019, regardless of the involvement of VanEck and Cboe. Why is 2018 Unlikely? Last week, the US Securities and Exchange Commission (SEC) officially rejected the Bitcoin ETF proposal of the Winklevoss twins, who operate Gemini, a […] The post Interview: Bitcoin ETF Approval Unlikely in 2018 but Maybe 2019 appeared first on CryptoSlate.

2018-8-2 00:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Gemini Accuses DCG of Baiting Creditors Into Unfavorable Deal

Gemini is opposing Digital Currency Group's (DCG) bankruptcy plan, alleging that DCG is trying to 'bait' its lenders into accepting a deal that would allow DCG to pay less than it owes. The post Gemini Accuses DCG of Baiting Creditors Into Unfavorable Deal appeared first on BeInCrypto.

Will DCG and Barry Silbert Respond to Winklevoss Offer?

Gemini co-founder Cameron Winklevoss has given business partner Barry Silbert until 4p.m. ET today to respond to a proposed agreement for Earn customers. The post Will DCG and Barry Silbert Respond to Winklevoss Offer? appeared first on BeInCrypto.

Gemini Seeks Open Minds and Open Dialogue With Financial Regulators

Andy Meehan, chief compliance officer for Gemini, has called upon regulators to maintain open minds and open dialogue as most exchanges try to ‘do the right thing’. Meehan made the appeal in a recent interview with Blomberg TV, being careful to couch his language in as sympathetic a fashion as possible.