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Genesis says the Winklevoss-founded crypto exchange benefited at the expense of Genesis’ creditors when it withdrew the money at the beginning of the crypto winter. Genesis Global Capital, a crypto brokerage firm owned by Digital Currency Group (DCG), is seeking $689 million from Gemini, saying the Winklevoss-founded crypto exchange benefited at the expense of Genesis’ creditors. In a Nov. 21 lawsuit filed in U.S. District Court for the Southern District of New York, lawyers representing Genesis claim that Gemini withdrew n early $690 million from its client “at the nadir of the significant cryptocurrency market turmoil,” which started in the spring of 2022. In an effort “to correct this unfairness,” Genesis is now seeking to recover the money from Gemini as the crypto exchange continues to benefit from that withdrawal “to this day” through retention of the assets, lawyers for the New York-based broker added. “Thus, Plaintif...

Also Read: France To Make Wholesale CBDC A Key To Digital Assets And Tokenized Assets advertisement Judge Torres effectively reopened the doors for XRP trading on US crypto exchanges thanks to her ruling that the token sale does not amount to securities. Hence, the token’s trading volumes rose significantly while the XRP price jumped by as much as 60% almost immediately. Gemini To Soon Relist XRP? On July 13, the exchange informed that it was exploring the listing of XRP for both spot and derivatives trading on its platform, considering the ruling in favor of Ripple . In a fresh hint, the official Twitter handle of Gemini commented with a ‘Thinking Face Emoji’, to a query on whether Gemini is going to relist the token or not. On the other side, Gemini cofounder and chief executive officer Cameron Winklevoss expressed bullish sentiment around Bitcoin accumulation. He said the great accumulation of Bitcoin began with the recent flurry...

ETH price is finding support at $1,560 and multiple data points are beginning to hint at a possible rally to $1,800 before the end of February. Ether (ETH) has been struggling with the $1,680 resistance since Jan. 20. Still, the ascending triangle pattern and improvements in investor sentiment in ETH derivatives provides hope that Ether price could reach $1,800 or higher by the end of February. This, of course, depends on how the Ether price behaves as it reaches the pattern deadline by mid-February.  Ether/USD price index, 12-hour. Source: TradingView From one side, traders are relieved that Ether is trading up 33% year-to-date, but the repeated failures to break the $1,680 resistance coupled with negative newsflow might give bears the power to cancel the bullish triangle pattern. According to a Jan. 30 report from Axios, New York State's Department of Financial Services is reportedly investigating Cryptocurrency Exchange Gemini over claims that the firm made regarding assets in...