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Gemini Earn Or Burn? - What To Expect For Your FundsCryptocurrency exchange and custodian Gemini Trust Company has launched Nakamoto, a captive insurance company licensed by the Bermuda Monetary Authority. Gemini reportedly claimed repeatedly that its the assets of customers using its Earn product were safe thanks to being backed by the FDIC. New York State's Department of Financial Services is reportedly investigating cryptocurrency exchange Gemini over claims that the firm made.