First Mover Americas: Bitcoin Soars Past $30K

first mover americas bitcoin soars past 30k
first mover americas bitcoin soars past 30k 1

Tyler and Cameron Winklevoss recently lent their Gemini cryptocurrency exchange $100 million to support the business amid the market downturn, Bloomberg reported. The brothers provided the loan after trying to get outside investment for Gemini, Bloomberg said, citing anonymous sources. A Gemini spokesperson didn’t immediately respond to a request for comment. The $100 million figure stands out in part because that equals the amount Gemini agreed to give some of its customers as part of the Genesis bankruptcy case. Genesis, which, like CoinDesk, is owned by Digital Currency Group, froze withdrawals in the aftermath of crypto exchange FTX’s collapse last year, a decision that locked up money for customers of Gemini’s Earn yield product.

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