Gemini Trust Co. is eliminating another 10% of its workforce, according to a person familiar with the matter, as the digital-asset firm founded by the billionaire twins Tyler and Cameron Winklevoss remains pressured by a monthslong industrywide slump.
Cryptocurrency lender Genesis Global Capital is debt-ridden and scrounging for funds to avert total collapse. Saddled with liabilities that could go as high as $10 billion, it filed for Chapter [.]
accused mark zuckerberg of stealing their ideas back when they were all at harvard in the early 2000s winklevoss twins. since this time have beenin twins. since this time have been in crypto and they company gemini had quite a close relationship with genesis and they have a joint product together and they ve accused the company of misappropriating in the order of close to $900 million of customer funding so it s going to be a watch this space but yes, that s been the latest development in what has been a really rocky time for the crypto currency community. katie, thank you. to the us now, where the co founder of netflix, reed hastings, says he s stepping down as the company s ceo after leading it for two decades. netflix has been under pressure over the past year, losing subscribers for the first time in its history and suffering a steep fall in its share price. but the latest figures show a return to growth as hit shows including harry & meghan attracted more viewers. samira hussai