News

The interest bearing Earn product offered by Gemini relies on lending user money to Genesis. Genesis released a statement today that they are halting withdrawals due to "liquidity issues." Due to the issues at Genesis, Gemini has halted withdrawals for Gemini Earn users.

BitMEX has extended Rene Pickhardt’s Bitcoin developer grant until May 2023, a six month extension from the previous grant. This is the third consecutive time BitMEX has provided Rene a grant and BitMEX continues to support his work for the long term.

As FTX Contagion Spreads, More Custodians Expected to be at Risk: Withdraw Bitcoin to Self Custody ASAP.

"Given the lack of clarity on the status of FTX.com, FTC US, and Alameda, we are not able to operate business as usual."

For the last 48 hours withdrawals have been frozen but some seem to be processing now. This comes following a tweet thread released by FTX Founder Sam Bankman-Fried earlier today on a potential path forward.

As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com.

The Proof of Reserves process is reasonably simple. There is no fancy Merkle tree or any other unnecessary cryptographic complexities. All BitMEX has done here is publish a basic list of the reserves.

Both CZ and SBF have tweeted about the potential deal.

CZ and Binance appear to have taken this action due to recent regulatory lobbying efforts that SBF and FTX have made to the US Government, including lobbying against Binance behind their back.

BitMEX has extended Gleb Naumenko’s Bitcoin developer grant until May 2023, a six month extension from the previous grant. This is the fourth consecutive time BitMEX has provided Gleb a grant and BitMEX continues to support his work for the long term.