🚀 TGIF! In this week's edition of the Weekly Market Update
1️⃣ Bybit suffered a $1.5B hack that triggered $5.5B in outflows, leading to emergency measures to secure withdrawals: The exchange is developing new software to recover funds and is exploring all avenues, including a potential Ethereum rollback. The FBI confirmed North Korean hackers were behind the attack.
2️⃣ It’s a new era at the SEC: Over the past week, the financial regulator dropped investigations into Gemini, Coinbase, Uniswap Labs and others, marking a notable departure from its aggressive regulation by litigation approach toward crypto and decentralized finance.
3️⃣ Ethereum's Pectra upgrade was activated on the Holesky test network this week, marking the first phase of stress-testing before full deployment: Despite initial delays, developers plan a Sepolia trial and a potential April launch, promising major improvements to the network.
4️⃣ OKX settled with US authorities for failing to secure a money transmitter license and facilitating over $5B in suspicious transactions: The settlement requires a payment of over $500M in penalties and forfeitures amid ongoing regulatory probes.
5️⃣ Spot bitcoin ETFs recorded a record daily outflow of nearly $938 million on Tuesday: This, combined with Bitcoin’s slide below $85,000 signals a shift in investor sentiment amid wider risks over tariffs and sticky inflation.
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Gemini
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✅Product announcements
✅Event invites
✅Educational content
Disclaimer: Buying, selling, and trading DPT involves risks. Do your own research before engaging in any transaction.
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Gemini: Your Gateway to Cryptocurrency Trading
Gemini is an innovative cryptocurrency exchange founded in 2014 by the Winklevoss twins, Tyler and Cameron. The platform was designed to provide a safe and secure environment for users looking to buy, sell, and trade a variety of digital assets. Unlike many exchanges that operate without regulatory oversight, Gemini stands out as a fully regulated platform, making it a trustworthy choice for both novice and experienced traders. With its headquarters in New York City, Gemini has become one of the leading exchanges in the United States, attracting millions of users globally. The exchange not only focuses on trading but also offers a wealth of educational resources, product announcements, and invitations to exclusive events, ensuring that its members are well-informed and able to navigate the complex world of cryptocurrency. This article will delve into the different aspects of the Gemini platform, highlighting its unique features and addressing common questions that potential users may have, as well as the importance of conducting thorough research before engaging in any transactions.
What makes Gemini a trusted cryptocurrency exchange?
Gemini is one of the few cryptocurrency exchanges that adheres to rigorous regulatory standards and guidelines. It is regulated by the New York State Department of Financial Services (NYDFS), meaning that it is held to strict compliance and operational standards, which ensures a high level of security and customer protection. Additionally, Gemini employs advanced security measures such as two-factor authentication (2FA), cold storage for digital assets, and anti-money laundering (AML) practices, making it a safe platform for trading.
Furthermore, Gemini is known for its commitment to transparency and customer service. The exchange publishes a detailed insurance policy covering the assets held in its hot wallets, offering peace of mind to users. Moreover, their dedicated support team is available to assist users with any issues or queries, further establishing Gemini as a reliable choice for cryptocurrency trading.
What types of digital assets can I trade on Gemini?
Gemini offers a diverse range of cryptocurrencies for trading, catering to both beginner and experienced traders. Users can trade popular coins such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), along with a growing selection of altcoins. The exchange continually evaluates and adds new tokens based on demand and market trends, ensuring that users have access to the latest digital assets available in the market.
In addition to traditional digital currencies, Gemini also provides access to various trading pairs, allowing users to diversify their portfolios. By enabling users to trade against stablecoins like USDC, Gemini supports seamless trading experiences while minimizing volatility risks inherent in cryptocurrency markets.
How does Gemini's educational content benefit users?
Gemini's educational content is designed to empower users with knowledge and insights about the cryptocurrency market, trading strategies, and the underlying technology of blockchain. The platform offers an extensive library of articles, guides, and tutorials that cater to varying levels of expertise, ensuring that both newcomers and experienced traders can benefit from the information provided.
Moreover, Gemini frequently hosts webinars and live events featuring experts in the field, allowing users to ask questions and gain real-time insights into market trends. This commitment to education not only helps users make more informed trading decisions but also fosters a more knowledgeable and supportive cryptocurrency community.
What should I consider before trading on Gemini?
Before trading on Gemini, users should take the time to educate themselves about the cryptocurrency market and the risks involved. Cryptocurrency trading can be highly volatile, with prices fluctuating rapidly; therefore, it's essential to set clear goals and establish a risk management strategy. Understanding one's risk tolerance and market conditions can significantly influence trading outcomes.
Additionally, prospective users should familiarize themselves with the functionalities of the Gemini platform, including its trading interface, security features, and customer support options. By doing thorough research and practicing caution, users can mitigate risks and make the most out of their trading experience on Gemini.
Is there a mobile app available for Gemini users?
Yes, Gemini offers a mobile application available for both iOS and Android devices. The app provides a seamless trading experience, allowing users to trade on-the-go, track their portfolio, and receive real-time market updates. The mobile app mirrors the functionality of the desktop platform, making it easy for users to manage their assets from anywhere.
Additionally, the mobile app features security protocols similar to the web platform, such as biometric login options and two-factor authentication, ensuring that users' assets remain secure while accessing their accounts on mobile devices.
Телеграм-канал Gemini
Welcome to Gemini's Telegram channel! If you're looking for the latest product announcements, event invites, and educational content, you've come to the right place. Gemini is a platform that allows you to buy, sell, and trade digital assets such as cryptocurrencies. However, it's important to note that trading DPT involves risks, so it's always best to do your own research before engaging in any transaction. Whether you're a beginner looking to learn more about the world of digital assets or an experienced trader seeking to stay updated on the latest developments, Gemini's Telegram channel has something for everyone. Stay tuned for exciting updates and valuable insights. For any inquiries or support, feel free to reach out to [email protected]. Join us today and be part of the Gemini community!