Cameron Winklevoss of Gemini has criticized DCG and Barry Silbert over "bad faith stall tactics" relating to locked user funds.
January 02, 2023 | | | | | 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $16,709 | Bitcoin price has started the year in the upper $16,000s – a positive move, yet still a low-volatility one. | Top-20 altcoins have had a good 24 hours of price action, as Ethereum gains 1%, XRP rises 5% and Solana recovers strongly with a 12% rally. | Top Stories for January 2, 2022 🔥 | | Cameron Winklevoss, co-founder of the Gemini crypto exchange, has criticized Digital Currency Group (DCG) founder Barry Silbert over "bad faith stall tactics" relating to locked user funds. | DCG is the parent company of crypto broker Genesis, which owes users around $900 million relating to the collapse of FTX. Genesis was a borrower of funds from Gemini's Earn program, which resulted in the loss of user funds on both platforms. | Winklevoss has expressed his frustration with Silbert in working out a way to return funds to users, writing that Silbert has so far refused to "get into a room" with Gemini executives to come to a resolution. | | Turkey plans to use a blockchain-based digital identification in the login process for its online public services portal, E-Devlet. | Fuat Oktay, the vice president of Turkey, called the use of blockchain a "revolution" for the country's e-government efforts and said that it will make online services more secure and accessible for users, who will be able to keep their digital information on their mobile phones. | | According to a survey by the Wall Street Journal, over two-thirds of economists at 23 major financial institutions expect the US to experience a "shallow" or "mild" recession in 2023, with two institutions predicting a recession in 2024. | The Federal Reserve, which has been raising interest rates to fight inflation, is seen as the main cause of the potential recession. Other contributing factors include pandemic savings being spent, a decline in the housing market, and stricter lending standards by banks. |
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