Crypto News Live Updates Jan 20: Will Gemini Earn Users Get Their Money Back?

Crypto News Today Live Updates December and Latest News: (20 January 2023) The digital asset market printed green indexes on Friday morning amid the increased volatility. The cumulative market cap registered a marginal surge over the past day.



“Gemini Earn” Users Get Their Money Back?

Cameron Winklevoss, co-founder of crypto exchange Gemini, in a series of tweets on January 20 revealed that they have moved closer to recovering customer funds. Genesis Global Capital, the lending arm of Genesis Global Trading, has filed for Chapter 11 bankruptcy in the Southern District of New York.

Winklevoss says Gemini will use every tool available in the bankruptcy court to maximize recovery for Earn users and any other parties within the bankruptcy court’s jurisdiction. Read More Here…


Yuga Labs Introduces Skill-Based NFT Game

NFT game Dookey Dash has been unveiled by Yuga Labs, the business behind the well-known Bored Ape Yacht Club (BAYC) NFT collection.

Owners of Mutant Ape Yacht Club (MAYC) and BAYC NFTs will be eligible to receive a free “Sewer Pass.” Anyone holding the Sewer Pass NFT is able to play the skill-based “endless runner” NFT game Dookey Dash. Also, which is comparable to Temple Run and Subway Surfers. Read More Here…


Genesis’ House Of Cards

Genesis Global Holdco LLC, a digital asset lender made it to the list of firms filing for bankruptcy after the horrible collapse of the FTX crypto exchange. The FTX contagion has now taken over the numerous crypto projects which have exposure to Genesis.

The list of Creditors and their exposure with Genesis:
Gemini Trust Company, LLC: $765 million
Mirana (ByBit): $151 million
Moonalpha Financial Serviced (Babel Finance): $150 million
Coincident Capital (Mex/Finex Leaderboarders): $110 million

Read More Here…


Cardano’s Charles Hoskinson To Buy CoinDesk?

Cardano founder Charles Hoskinson on Friday said he is considering buying crypto news website CoinDesk to overhaul it into a mix of a news and community site.

He believes the industry has witnessed bad media in recent times, as well as news outlets’ relations to FTX have been questioned as they received investments from companies related to Sam Bankman-Fried. Read More Here…


Nexo Agrees to Pay $45 Million in Fine

Crypto lender, Nexo reached a settlement with the U.S SEC. The firm will be paying $45 million in fines. This move comes after Nexo’s office got raided in Bulgaria. Crypto lender was charged for offering unregistered security and the Earn Interest Product (EIP) to the US investors. Read More Here…


Genesis Files for Bankruptcy

Crypto lender Genesis Global finally filed for Chapter 11 bankruptcy protection in the Manhattan federal court. This marks Genesis as the latest victim in the tally of firms filing bankruptcies due to the horrible collapse of the SBF’s crypto exchange FTX. The crypto lender has been facing severe withdrawals and massive liquidity issues since the collapse of FTX. Read More Here….


Crypto Market Stays Stable

The digital asset market printed green indexes on Friday morning amid the increased volatility. The cumulative market cap registered a marginal surge over the past day to stand at $977 billion. Meanwhile, the 24 hour trading volume dropped by over 32% to stand at $40.4 billion.


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