DCG Failed to Pay $630M to Gemini

DCG Failed to Pay $630M to Gemini


Gemini reports missed payments of $630M by DCG, leading to possible lawsuits and repayment disputes, while also negotiating with a backup plan and introducing a new Blockchain-based IOU limit order system.

The post Gemini Reports, DCG Missed $630M Payments appeared 1st on Coinpedia Fintech News

Digital currency Group(DCG) failed to pay $630M to Gemini, the CEO seeing as Lawsuits over a $900M loan owing to DCG bankruptcy and repayment disputes. SEC accuses DCG-owned corporations of selling unregistered securities through the Earn Program. Gemini negotiates with DCG but has a backup strategy with zero agreement. Mangrove provides a Blockchain-based IOU limit order for traders to propose sales without tying up funds, generating passive yield through collateral. The engine offers liquidity with penalties for unfulfilled obligations and Danos intends to sell with savings.

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