Posts

Showing posts with the label gemini

Gemini, Figure Lead $12B Crypto IPOs

Image
Gemini‘s IPO and Figure‘s IPO are leading a historic $12 billion wave of cryptocurrency company public offerings on Nasdaq right now. The crypto IPO surge includes major Bitcoin IPO candidates and also blockchain firms that are capitalizing on regulatory clarity, along with institutional demand for digital asset exposure through traditional markets. Gemini IPO and Figure IPO Lead Crypto IPO Wave on Nasdaq Listing Figure IPO celebration at Nasdaq bell ringing ceremony – Source: Forbes The Gemini IPO was completed successfully on September 12, 2025, and shares surged 40% from the $28 pricing to $37.01, which raised $425 million at a $3.3 billion valuation. The cryptocurrency exchange that was founded by Cameron and Tyler Winklevoss saw institutional demand exceed available shares by over 20 times during the Nasdaq listing process. Gemini executives and team celebrating at Nasdaq with confetti – Source: CNBC Figure IPO preparations are targeting a $4.13 billion valu...

Gemini confirms 15,000 customers impacted by banking breach

Crypto exchange Gemini has warned users to monitor their accounts for unusual activity after it confirmed that around 15,000 of its customers might be affected by a breach of its banking partner.  As reported by Bleeping Computer, Gemini began contacting affected customers last month to tell them that its unnamed automated clearing house provider had been breached. It informed the California Office of Attorney General last Thursday.  According to Gemini, “an unauthorized actor gained access to an internal collaboration tool on the bank partner’s system, which may have resulted in the potential disclosure of certain transactional data between June 3 and June 7, 2024.” As a result, “a subset of some Gemini customers’ banking information was potentially impacted as part of the incident.,” the exchange added. UK hacker jailed over $900K Coinbase login scam Read more: Crypto-skeptic Andrew Left of Citron Research charged with fraud This impacted information seemingly includes cust...

Gemini: Barry Silbert’s DCG continues to ‘gaslight creditors’

Gemini, the crypto exchange founded by brothers Tyler and Cameron Winklevoss, continues to accuse Barry Silbert’s Digital Currency Group (DCG) of fraud. According to the court filing, filed on Sept. 15, Gemini claims that DCG is trying to avoid accountability for the damage inflicted on the victims of its Earn product. “DCG continues its campaign of contrived, misleading, and inaccurate assertions in an attempt to gaslight creditors of the Genesis estate generally, and the Gemini Lenders specifically, and escape responsibility for the harm it has caused them,” Gemini’s legal advisors, New York-based Hughes Hubbard & Reed LLP, stated. This legal action by Gemini is a direct response to a recent statement issued by DCG concerning a proposed agreement involving the latter, the debtors, and the Official Committee of Unsecured Creditors. Gemini’s allegations center on DCG’s creation of a $1.1 billion promissory note, which Gemini claims was an attempt t...