1. Gemini Is Working With Genesis to Find Solution for Earn Users
📰 Crypto exchange Gemini revealed working closely with Genesis Trading and its parent company Digital Currency Group, Inc, to find a solution for Earn users to redeem their funds.
📰 Gemini assured that the turmoil had not impacted any other products and services on its platform and that rest of its operations are working normally.
📰 Genesis is now looking to raise more fresh funding for its lending unit from potential investors. However, a failure to do so may push the company to file for bankruptcy. Despite this, a representative of for Genesis told Bloomberg that it has no plans to file for bankruptcy imminently.
https://cryptopotato.com/gemini-is-working-with-genesis-to-find-solution-for-earn-users/
2. Crypto Influencer BitBoy Flies to Bahamas to Find Sam Bankman-Fried
📰 Prominent crypto influencer Ben Armstrong, aka BitBoy Crypto, has flown to the Bahamas in a bid to talk to Sam Bankman-Fried, FTX founder and its former CEO.
📰 Over the past couple of days, BitBoy has been posting tweets and sharing pictures of himself camping outside Bankman-Fried's home in the Bahamas.
📰 The influencer has been critical of Bankman-Fried over the recent collapse of FTX, once the third-largest cryptocurrency exchange in the world, which led to a crypto crash.
3. Co-Founder of $3 Billion Crypto Firm Dies at 30
📰 Tiantian Kullander, co-founder of $3 billion crypto finance service provider company Amber Group, passed away in his sleep on November 23.
📰 Also known as “TT,” Kullander was a co-founder of the Hong Kong-based Amber Group, which describes itself as a "one-stop crypto finance service provider that provides liquidity provision, trading and asset management services 24/7."
📰 Besides Amber Group, TT sat on the board of esports company Fnatic and founded KeeperDAO, a decentralized finance protocol that allows participants to trade, borrow and stake assets with protection from miner value-extracted bots, before returning it to the community.
📰 Kullander was 30 years old and leaves behind a wife and a son.
4. Miami nightclubs mourn absence of high-rolling crypto entrepreneurs
📰 Miami club owners told the Financial Times business is slumping as the crypto industry takes a blow.
📰 Crypto, tech, and hedge fund leaders came to the city en masse during the pandemic.
📰 But in the wake of the FTX implosion, some of the city's top spenders have vanished.
https://www.ft.com/content/68ca53f4-50e1-4607-8b05-a8801d8b1cb5
5. The EU passed a law requiring influencers to disclose the risks associated with crypto
📰 In the EU, a new set of regulations known as MiCA laws will require crypto influencers to fully disclose the financial risks associated with the products they’re advertising.
📰 Other countries are expected to follow their lead. For example, Singapore is instituting even more stringent measures. The city-state will only allow crypto companies to advertise their products on their own platforms while completely barring influencers from promoting any crypto asset on social media.
https://cointelegraph.com/news/more-laws-are-the-solution-for-taking-down-crypto-influencers
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