Gemini insurance crypto

gemini insurance crypto

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Gemini Earn Or Burn? - What To Expect For Your Funds
Cryptocurrency 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.
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Genesis declared bankruptcy in January , withholding funds for Gemini's Earn program. Issue archives Archive section. Cold Storage: What It Is, How It Works, Theft Protection Cold wallets, a type of crypto wallet, are digital cryptocurrency storage on a platform not connected to the internet, which protects them from hackers.