Will Gemini & Genesis Cause The Next Big Crypto Crash?
The crypto bear market has caused several of the industry giants to collapse and file for bankruptcy. Now the Gemini Exchange, owned by the Winklevoss Twins, is in hot water because of the Gemini Earn program lent $900 million dollars to Genesis & the Digital Currency Group and those funds are nowhere to be found at this point. Users who deposited into Gemini Earn expecting to earn interest on their cryptocurrency are now left wondering if they will ever get their money back. In this video Connor explains this situation and what the potential effects it can cause on the crypto market if Gemini, Genesis, and The Digital Currency Group cannot solve this issue soon.
Cameron Winklevoss Letter To Barry Silbert: https://twitter.com/cameron/status/1609913051427524608
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Timestamps
0:00 Intro
0:39 Crypto Market Overview
0:57 Genesis Getting Sued by Gemini Earn Users
1:39 Gemini Earn Situation Explained
5:31 What Effects This Can Have On The Market
7:56 BTC Shorter Term Analysis
13:59 Closing Summary
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