Gemini Earn – the Winklevoss-owned crypto exchange’s digital asset lending arm – announced on Sunday that it had agreed with Barry Silbert’s Digital Currency Group (DCG) on a mediation process to bring their bankruptcy dispute to a close. 

Gemini, Genesis, and Digital Currency Group (DCG) will initiate a 30-day mediation process to resolve outstanding issues related to the Genesis bankruptcy plan. The mediation will focus on DCG's economic contribution to the bankruptcy estate for the benefit of all creditors, including Gemini Earn users. An order from Bankruptcy Judge Lane to direct the mediation is anticipated to be issued soon.

With every major stakeholder in the Finance ecosystem keeping tabs with the events around First Republic Bank (FRC), Gemini Co-Founder and CEO, Cameron Winklevoss has slammed US banking regulators. Taking to his Twitter account, the vocal crypto leader and entrepreneur noted that the regulators are showing double standards with respect to their handling of the embattled First Republic Bank.

Cointime early reported that stalking horse bidder NovaWulf will be competing against two other qualified bidders.

April 26 (Cointime) -  The official committee of unsecured creditors for Celsius has announced that the auction of Celsius Network’s assets has been adjourned until tomorrow.   

Leading cryptocurrency exchanges Coinbase and Gemini are parts of the two consortiums set to bid for bankrupt crypto lender Celsius Network’s assets at an auction scheduled for Tuesday, the 25th of April, 2023, according to a court filing and report from Fortune.

Crypto exchanges Gemini and Coinbase are among the bidders for bankrupt crypto lender Celsius Network's assets in an auction scheduled for April 25 in New York. Two consortiums, Fahrenheit and the Blockchain Recovery Investment Committee, are also participating in the bids. NovaWulf Digital Management, the Stalking Horse Bidder, is also disputing the assets with a proposal that includes a cash contribution of $45 million to $55 million and the creation of a new public platform fully owned by Celsius creditors.

Coinbase receives license to operate in Bermuda; Gemini launches derivatives platform; EU Parliament approves crypto rules; HK court recognizes crypto as property; Hitachi establishes $300 million fund.

April 22 (Cointime) - Cryptocurrency exchange Gemini has announced the launch of a derivatives platform Gemini Foundation, but only for users outside of the U.S.

The platform will offer its first derivatives contract in the form of a BTC perpetual contract denominated in Gemini dollars.