Gemini

Gemini set a Guinness World Record by using 1,000 drones to form the Bitcoin logo in the sky over Austin, Texas. The event celebrated Bitcoin's role in the US Strategic Bitcoin Reserve initiative and showcased the growing influence of cryptocurrency.

The SEC has closed its investigation into Gemini without filing charges, after nearly two years of scrutiny. Cameron Winklevoss criticized the investigation's costs and disruption, calling for accountability for those involved.

Gemini is considering an IPO in 2025, following regulatory challenges and legal settlements, including a $5 million fine. The company's move to go public comes amid growing interest from other crypto firms, like Bullish Global, in joining the stock market.

Gemini Trust settled with the CFTC for $5 million over misleading statements made while seeking approval for Bitcoin futures contracts. The settlement avoids a trial and highlights ongoing regulatory challenges facing crypto firms.

Gemini has launched in France after securing its VASP registration, allowing users to trade over 70 cryptocurrencies with local payment methods. The move aligns with the growing crypto interest in France, supported by a favourable regulatory environment and the upcoming EU MiCA regulations.

Gemini is closing all Canadian accounts by December 2024 due to stricter regulations from the Canadian Securities Administrators. Several other exchanges, like Binance and Bybit, have also left Canada because of these new rules.

The "Tech Against Scams" coalition, comprising of Coinbase, Match Group, Meta, Kraken, Ripple, Gemini, and the Global Anti-Scam Organisation (GASO), has united to combat the escalating problem of online fraud and financial schemes.

Genesis Global, a bankrupt crypto lender, agrees to a $21 million penalty tied to Gemini Earn, settling SEC charges of securities law violations.

The crypto industry is actively influencing the 2024 U.S. election, with Super PACs spending millions to back crypto-friendly candidates. However, ethical concerns arise amid the surge in crypto spending, highlighting the need for transparency and accountability in political interactions.

Saad Ahmed's appointment as Head of Asia Pacific at Gemini signifies a strategic move into the region from Singapore. Despite challenges, Gemini's global expansion, under Ahmed's leadership, appears poised for success in navigating the evolving cryptocurrency landscape.