Gemini / 2 posts found
CFTC sues Gemini Trust over statements ahead of bitcoin futures launch
Cryptocurrency Cryptocurrency Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access to the FT’s trusted, award-winning business news Digital Be informed with the essentialnews and opinion MyFT – track the topics most important to you FT Weekend – full access to the weekend content Mobile & Tablet Apps – download to read on the go Gift Article – share up to 10 articles a month with family, friends and colleagues Print FT print edition delivered Monday – Saturday along with ePaper access […]
Gemini Denies Bitcoin Loan Rumors
The crypto exchange said today that it did not lend 100,000 BTC to any counterparties. Key Takeaways Gemini has denied rumors today that it lent 100,000 BTC ($3 billion) to BlackRock and Citadel. An unsourced rumor suggested the companies dumped the borrowed crypto, causing TerraUSD’s price drop. UST is currently valued at $0.65, below its intended $1.00 price peg but above the $0.32 mark touched earlier today. Gemini, a leading crypto exchange, has denied rumors suggesting that it made a large Bitcoin loan which contributed to UST’s stability crisis. Gemini Denies Lending Rumors Gemini has denied rumors that it issued […]