Gemini Under Fire: False FDIC Claims Draw NY Regulators‘ Ire

• Gemini is under investigation for misleading claims about FDIC insurance in its marketing.
• The exchange loaned almost $1 billion of user funds to bankrupt crypto lender Genesis, leaving 340,000 users without access to their deposits.
• Both companies are also under US SEC investigation for an unlicensed securities offering.

Gemini Under Investigation

Gemini, a crypto exchange owned by Winklevosses, is under investigation by the New York Department of Financial Services for references to FDIC insurance in its marketing. Federal law prohibits anyone from making false claims about the FDIC insurance status of their financial product.

False Claims About FDIC Insurance

Gemini advertised Earn as a high-yield product and mentioned FDIC insurance in relation to this program. However, the company did not state that Earn deposits benefited from FDIC insurance directly and instead said it was “at least in part” backed by money in such accounts. Regulators are now investigating these claims since false statements about FDIC coverage can mislead depositors into underestimating risks associated with a given financial instrument.

Almost $1 Billion Lost By Users

In reality, user deposits were never covered by Federal Deposit Insurance Corporation (FDIC). Instead, Gemini loaned almost $1 billion of customer funds to Genesis, a crypto lender that has since gone bankrupt. This left some 340,000 Gemini Earn customers without access to their deposits amounting to almost $1 billion lost.

SEC Probe Over Unlicensed Securities Offering

Both companies are now fighting a public battle with each other over who is responsible for these losses while being investigated by the US Securities and Exchange Commission (SEC). The SEC believes that the deal between Genesis and Gemini constituted an unlicensed securities offering and has taken action accordingly against both parties involved.

Increased Pressure on Risky Crypto Investment Schemes

This incident serves as yet another reminder of the potential dangers of investing in cryptocurrencies and highlights the need for increased regulation when it comes to protecting investors from such risks. Regulators are now putting increased pressure on risky crypto investment schemes so as to better protect individuals’ assets from fraudulent activities such as those carried out between Gemini and Genesis

Crypties Awards 2022: Crypto Innovation and Recognition Take Center Stage

• The Crypties Awards 2022: Crypto Unicorns won Game of the Year at the inaugural Crypties Awards from Decrypt Studios in Miami.
• Actor David Bianchi previewed his upcoming web3 TV series ‚RZR‘ and conducted two NFT drops to build engagement from fans.
• At Web Summit in Lisbon, Tezos co-founder Kathleen Breitman talked about how the Tezos blockchain has used a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming.

The world of digital currency and decentralized technology is one that is constantly evolving. From conferences to summits and awards ceremonies, there’s always something new in the world of crypto, and the Crypties Awards 2022 is no exception. On November 30, the inaugural Crypties Awards were held at Decrypt Studios in Miami, and the evening was full of exciting moments.

The night’s biggest honor went to Crypto Unicorns, who won the Game of the Year award. Katrina Wolfe accepted the Cryptie from presenter Avery Akkineni of Vayner3, beating out Stepn, Zed Run, and Blankos Block Party for the honor. The night was sponsored by Polygon, Filecoin, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

The night also featured a special preview of David Bianchi’s upcoming web3 TV series ‚RZR‘. The veteran actor spoke to Decrypt’s Jason Nelson right before a public table read for the show, which is already greenlit and will be distributed through Gala Films. Set in a dystopian future Los Angeles, the show will feature Ethereum and other digital assets as part of the plot. To build engagement from fans, Bianchi also conducted two NFT drops.

Finally, at Web Summit in Lisbon, Tezos co-founder Kathleen Breitman spoke about how the Tezos blockchain has used a proof-of-stake mechanism since its inception. She expressed admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming with Decrypt’s Stephen Graves onstage.

The Crypties Awards 2022 was an exciting night full of crypto innovation and recognition. From Crypto Unicorns winning Game of the Year to David Bianchi previewing RZR and Tezos Co-Founder Kathleen Breitman talking about Tezos‘ proof-of-stake mechanism, the evening was a success and a testament to the ever-growing world of digital currency and decentralized technology.

Doodles Collab with Shopify Wins Mainstream Award at Inaugural Crypties Awards

Bullet Points:
• Doodles Collab with Shopify won the Mainstream Award at the inaugural Crypties Awards in Miami on November 30.
• Onstage panels and interviews from conferences and summits including the Crypties 2022 Highlight Reel, Tezos was Ahead of the Proof-of-Stake Merge, and Raising in a Bear Market were also featured.
• The evening was sponsored by various crypto projects and organizations.

At the inaugural Crypties Awards, held in Miami on November 30, Decrypt Studios celebrated the best of the crypto world with an evening of awards and festivities. Presenters Igor Lilic and Gabriela Ramos Lilic of Breakout were on hand to recognize the achievements of the evening’s nominees, with Doodles Collab with Shopify taking home the Mainstream Award.

The other nominees in the category included RTFKT and Nike, Gmoney and Adidas, Tiffany and CryptoPunks, and TIMEpieces. After accepting the award on behalf of Doodles, Shirley Cedeno and Akbar Hamid celebrated their victory in a night filled with entertainment.

In addition to the awards, the Crypties 2022 Highlight Reel, featuring onstage panels and interviews from conferences and summits, was presented at the event. Kathleen Breitman, co-founder of Tezos, discussed the project’s use of a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming with Decrypt’s Stephen Graves onstage at Web Summit in Lisbon. Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock joined Decrypt’s Jason Nelson at 0xpo Summit in San Francisco on November 3 for an extensive panel on raising venture money even during Crypto Winter.

The evening was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721. Josh Ostrovsky („The Fat Jewish“) served as emcee for the evening, and the awards were given out in nine categories.

At the end of the night, the inaugural Crypties Awards was a success, celebrating the achievements of the crypto world, with Doodles Collab with Shopify taking home the Mainstream Award. The evening was filled with onstage panels, interviews, and presentations from conferences and summits, and was sponsored by various crypto projects and organizations. It was an evening of celebration, recognition, and entertainment, and a great start to the Crypties Awards.

Crypties Awards Recognize Best Projects in Cryptocurrency Space

• The inaugural Crypties Awards were held at Decrypt Studios in Miami on November 30.
• Celo won the Social Impact Award, with other nominees in the category being Ukraine DAO, Dream DAO, Proof of Protest, and Digital Diaspora.
• On December 6, 2022, Decrypt Studios held the inaugural Crypties awards gala at Art Basel in Miami, sponsored by Polygon, Filecoin Foundation, Lamina1, and more.

On November 30, Decrypt Studios held their first ever Crypties Awards in Miami. The event was presented by Dan Roberts from Decrypt Media and hosted by Josh Ostrovsky, better known as The Fat Jewish. The award ceremony was to recognize the best projects and developments in the cryptocurrency space, with nine awards being given out. One of the awards was the Social Impact Award, with Marek Olszewski accepting the Cryptie on behalf of Celo, who won the award. Other nominees in that category included Ukraine DAO, Dream DAO, Proof of Protest, and Digital Diaspora.

The event was followed by the Crypties 2022: Highlight Reel on December 6, 2022, at Art Basel in Miami. Hosted by Decrypt Studios, the gala was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721. The event featured onstage panels and interviews with the presenters, including Kathleen Breitman, co-founder of Tezos, who spoke about the proof-of-stake mechanism used by the Tezos blockchain, her admiration for Ethereum and Tendermint, NFT gaming, and progressive decentralization.

Additionally, there was a panel on raising in a bear market, featuring Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, and Marie Oh Huber of Conviction, AngelBlock and 0xpo Summit. They discussed the challenges of fundraising in a bear market, the importance of having a good team, and the benefits of having a long-term vision.

Overall, the Crypties Awards was a great event to recognize the best projects and developments in the cryptocurrency space, as well as offer insight into the future of the industry. With the Crypties 2022: Highlight Reel, Decrypt Studios provided an entertaining and informative evening for all attendees.

Crypties Awards 2022 Celebrates Crypto Leaders in Miami

• Katrina Wolfe accepted the Cryptie for Crypto Unicorns at the inaugural Crypties Awards in Miami.
• Clay Robbins, Soona Amhaz, Sarah Guo, and Alex Strzesniewski joined Decrypt’s Jason Nelson at 0xpo Summit in San Francisco for a panel on raising venture money.
• Illa Da Producer accepted the Cryptie on behalf of Yuga Labs at the Crypties Awards for NFT Project of the Year.

The Crypties Awards 2022 was held on November 30th in Miami, Florida. It was a star-studded event where some of the most innovative projects from the cryptocurrency and blockchain industry were celebrated. The night was filled with cheers, applause and excitement as the awards were handed out to the winners.

Katrina Wolfe accepted the highly coveted award for Crypto Unicorns from presenter Avery Akkineni of Vayner3. The award was given in the category of Game of the Year, where Crypto Unicorns beat out other nominees such as Stepn, Zed Run, and Blankos Block Party.

Clay Robbins, Soona Amhaz, Sarah Guo, and Alex Strzesniewski were also in attendance at the event, joining Decrypt’s Jason Nelson at 0xpo Summit in San Francisco. The group discussed how to raise venture money during Crypto Winter, a topic that is highly relevant in today’s market.

The night concluded with Illa Da Producer accepting the Cryptie on behalf of Yuga Labs for NFT Project of the Year. This was an especially impressive win, as there was a great deal of competition in this category.

Overall, the Crypties Awards 2022 was a great success. It was wonderful to see the cryptocurrency and blockchain community come together and celebrate the accomplishments of some of the most innovative projects in the industry. It will be exciting to see what projects will win next year!

Raising Venture Money During Crypto Winter: Insights from Industry Experts

– Edward Snowden gave his views on the Ethereum merge, the sanctioning of Ethereum mixer Tornado Cash by the U.S. government, the privacy shortcomings of Bitcoin and Ethereum, and the use of DAOs to source tips from whistleblowers at Camp Decrypt 2022.
– Kathleen Breitman spoke about how the Tezos blockchain has utilized a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming at Web Summit in Lisbon.
– Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock joined Decrypt’s Jason Nelson at 0xpo Summit in San Francisco to discuss raising venture money even during Crypto Winter.

At Camp Decrypt 2022 in Napa, California, Edward Snowden gave a candid talk on the current state of the crypto world. He discussed the Ethereum merge, the sanctioning of Ethereum mixer Tornado Cash by the U.S. government, the privacy shortcomings of Bitcoin and Ethereum, and his view on using DAOs to source tips from whistleblowers. Snowden noted that he believes the Ethereum merge was an important step forward for the blockchain industry, and that the sanctioning of Tornado Cash was an example of the U.S. government attempting to stifle the development of privacy-focused technology. He also emphasized the importance of using DAOs to provide a secure and anonymous way for whistleblowers to come forward with information without fear of retribution.

At Web Summit in Lisbon, Kathleen Breitman spoke about the Tezos blockchain, which has been utilizing a proof-of-stake mechanism since its inception. She expressed her admiration for Tendermint, Ethereum and sharding, as well as her vision for progressive decentralization. Breitman also discussed the potential for NFT gaming, and how it could be used to incentivize users to participate in the Tezos network.

Finally, at 0xpo Summit in San Francisco, Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock joined Decrypt’s Jason Nelson to discuss raising venture money even during Crypto Winter. The panelists agreed that it is still possible to make successful investments in the blockchain market, but it requires a more careful approach to mitigate the risk associated with bear markets. They also discussed the importance of having a well-thought-out strategy for scaling investments, and the potential for using NFTs and other digital assets as a way to diversify portfolios.

Crypto Titans: Snowden, Breitman & More Discuss Blockchain at Events

Bullet Points:
• Edward Snowden spoke at Camp Decrypt in October about the Ethereum merge, sanctions on Tornado Cash, Bitcoin and Ethereum’s privacy shortcomings, and DAOs for sourcing tips from whistleblowers.
• Kathleen Breitman discussed the Tezos blockchain’s use of proof-of-stake, Tendermint, Ethereum, sharding, and NFT gaming at Web Summit in Lisbon.
• Clay Robbins, Soona Amhaz, Sarah Guo, and Alex Strzesniewski discussed raising venture money during Crypto Winter at 0xpo Summit in San Francisco and Illa Da Producer accepted the Cryptie for Yuga Labs‘ NFT Project of the Year at the Crypties Awards in Miami.

At Camp Decrypt in October, Edward Snowden spoke candidly about the Ethereum merge and the sanctioning of Ethereum mixer Tornado Cash by the U.S. government. He highlighted the privacy shortcomings of Bitcoin and Ethereum, and discussed the potential of using decentralized autonomous organizations (DAOs) to source tips from whistleblowers. Snowden’s conversation with Decrypt’s Dan Roberts explored the ethical implications of using blockchain-based technology and the need for privacy in the digital age.

At Web Summit in Lisbon, Tezos co-founder Kathleen Breitman discussed the Tezos blockchain’s use of proof-of-stake since its inception, and her admiration for Tendermint, Ethereum and sharding. She also spoke about the potential for progressive decentralization and the development of NFT gaming.

At 0xpo Summit in San Francisco, a panel of venture capitalists discussed the challenges of raising money in a bear market. Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock joined Decrypt’s Jason Nelson to explore the complexities of fundraising in the cryptocurrency industry.

The inaugural Crypties Awards from Decrypt Studios in Miami was held in November. Illa Da Producer accepted the Cryptie on behalf of Yuga Labs for their NFT Project of the Year. Other nominees in the category included Moonbirds, Azuki, DeGods, and CloneX. The event showcased the best projects in the blockchain industry and highlighted the immense potential of the technology.

Crypto Events Roundup: Blocknative CEO Speaks, Tezos Co-Founder Interviewed, Bored Ape Wins Crypties

• Blocknative CEO Matt Cutler spoke at 0xpo Crossroads in San Francisco about his Web3 origin story and Blocknative’s business.
• Tezos co-founder Kathleen Breitman was interviewed at Web Summit in Lisbon about the Tezos blockchain and its proof-of-stake mechanism.
• Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and Alex Strzesniewski of AngelBlock spoke at 0xpo Summit in San Francisco on raising venture money during Crypto Winter.

Blocknative CEO Matt Cutler recently spoke at 0xpo Crossroads in San Francisco, where he discussed his Web3 origin story and Blocknative’s business. Cutler explained that his team is working to make the decentralized web easier to use. They want to make the user experience better for those who are new to the blockchain space, as well as for those who are more advanced. He also discussed the misconceptions that people have about the blockchain space.

At Web Summit in Lisbon, Tezos co-founder Kathleen Breitman was interviewed about the Tezos blockchain and its proof-of-stake mechanism. She discussed how the blockchain has been using this mechanism since its inception, as well as her admiration for Tendermint, Ethereum and sharding. She also discussed progressive decentralization and NFT gaming.

Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and Alex Strzesniewski of AngelBlock spoke at 0xpo Summit in San Francisco about raising venture money during Crypto Winter. They discussed how the bear market has affected their businesses, and how they have been able to raise capital in a tough economic climate. They also discussed their strategies for navigating the bear market and how they have been able to remain competitive.

Finally, at the inaugural Crypties Awards from Decrypt Studios in Miami, the Bored Ape Yacht Club won NFT Project of the Year. Illa Da Producer accepted the Cryptie on behalf of Yuga Labs from presenter Alanna Roazzi-Laforet. The other nominees in this category included OpenSea, Rare Art Labs, Dapper Labs and Pungo.

Overall, the crypto space has seen a range of events recently, from Blocknative CEO Matt Cutler speaking at 0xpo Crossroads to the Bored Ape Yacht Club winning NFT Project of the Year at the Crypties Awards. These events showcase the progress that is being made in the blockchain space and the potential for further developments in the near future.

Crypto Leaders Discuss Raising Money, Ethereum Merge, and NFT Gaming

Bullet Points:
• Edward Snowden gave his views on the Ethereum merge, the sanctioning of Ethereum mixer Tornado Cash by the U.S. government, the privacy shortcomings of Bitcoin and Ethereum, and his view on using DAOs to source tips from whistleblowers.
• Tezos co-founder Kathleen Breitman talked about the Tezos blockchain’s use of a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming.
• Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock discussed raising venture money even during Crypto Winter at 0xpo Summit in San Francisco.

In October of 2022, Edward Snowden made an appearance at Camp Decrypt in Napa, California, where he gave a candid talk with Decrypt’s Dan Roberts on a variety of topics. Snowden discussed the Ethereum merge, the sanctions on Ethereum mixer Tornado Cash by the U.S. government, the privacy shortcomings of Bitcoin and Ethereum, and his view on using DAOs to source tips from whistleblowers. He expressed his belief that the Ethereum merge should not be seen as a “one-size-fits-all solution,” but rather one that should be approached with caution in order to ensure the highest level of privacy for users.

At Web Summit in Lisbon, Tezos co-founder Kathleen Breitman discussed the Tezos blockchain’s use of a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming. She suggested that the evolution of blockchain technology should not be seen as a “zero-sum game,” and that “we should be building on competing blockchains and interoperating between them.”

At 0xpo Summit in San Francisco, Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock gathered to discuss raising venture money even during Crypto Winter. They discussed the importance of understanding the “big picture,” the need to think beyond just the token when evaluating investments, and the potential for making money in bear markets.

These talks illustrate the continued growth and evolution of the blockchain and cryptocurrency space, and the importance of understanding the nuances of each individual project in order to make informed decisions. As the industry continues to evolve, it is important to stay informed on the latest developments and to listen to the perspectives of experienced industry leaders.

Secure Funding and Avoid Legal Pitfalls: Advice for Blockchain Companies

• Lisa Rubin, a blockchain attorney with Paul Hastings, recently discussed legal misconceptions the industry still holds at 0xpo Crossroads in San Francisco.
• Kathleen Breitman of Tezos discussed how the Tezos blockchain has used a proof-of-stake mechanism since its inception at Web Summit in Lisbon.
• Clay Robbins, Soona Amhaz, Sarah Guo, and Alex Strzesniewski discussed raising venture money even during Crypto Winter at 0xpo Summit in San Francisco.

As the cryptocurrency and blockchain industry continues to mature and evolve, there is a need for legal advice and guidance to ensure companies in the space are compliant with all relevant regulations. Recently, Lisa Rubin, a blockchain attorney with Paul Hastings, sat down with Decrypt’s Jason Nelson at 0xpo Crossroads in San Francisco to discuss legal misconceptions the industry still holds. Rubin stressed the importance of understanding the risks associated with launching a project in the blockchain space, as well as being aware of the potential legal issues that may arise, such as money laundering and securities law.

At Web Summit in Lisbon, Tezos co-founder Kathleen Breitman discussed how the Tezos blockchain has used a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming with Decrypt’s Stephen Graves onstage. Breitman also noted that Tezos was one of the first projects to use a proof-of-stake consensus mechanism, which has since become a popular alternative to proof-of-work systems.

Finally, at 0xpo Summit in San Francisco, Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock joined Decrypt’s Jason Nelson for an extensive panel on raising venture money even during Crypto Winter. The panelists discussed the challenges of raising money in a bear market and strategies to combat them, such as focusing on fundamentals, networking, and being patient. They also noted that the bear market has caused investors to be more discerning and selective when it comes to investing in new projects.

Overall, the industry’s need for legal advice and guidance has become increasingly important. As the space continues to evolve, it’s crucial for companies to seek out legal counsel in order to ensure compliance and success. In addition, the bear market has caused investors to be more selective, so it’s important for companies to pay attention to fundamentals and have a long-term vision in order to secure the necessary funding.