Data is a real time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stocks, Quotes, and Market Data, and Analysis. What is today’s Bitcoin price? 0.000014844 Bitcoins
While Gemini failed to inform and protect investors of the risks associated with investing with Genesis through the Gemini Earn program, the lawsuit alleges that Genesis tried to conceal more than $1.1 billion in losses from its investors, Gemini, and the public. In June 2022, one of Genesis’ largest borrowers, Three Arrows Capital, defaulted on billions in loans. Around the same time, Genesis lost more than $100 million from another borrower, Babel Finance. In total, Genesis had lost more than $1.1 billion. Why do crypto assets need a valuation? Of course, crypto is notoriously volatile. The last time Bitcoin reached these levels, it fell back several thousand dollars, and it’s undergone multiple corrections that take it down by half or more. Other coins are even more volatile — the memecoins bounce back and forth wildly at times — and scams and hacks occur with some frequency.