{"id":160614,"date":"2022-07-18T21:05:12","date_gmt":"2022-07-18T21:05:12","guid":{"rendered":"https:\/\/precoinnews.com\/?p=160614"},"modified":"2022-07-18T21:05:12","modified_gmt":"2022-07-18T21:05:12","slug":"gemini-cuts-more-staff-as-many-crypto-prices-increase-report","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/gemini-cuts-more-staff-as-many-crypto-prices-increase-report\/","title":{"rendered":"Gemini cuts more staff as many crypto prices increase: Report"},"content":{"rendered":"

Cameron and Tyler Winklevoss\u2019 Gemini has reportedly laid off additional staff more than a month after reports suggested the cryptocurrency exchange cut 10% of its employees.<\/p>\n

In a Monday report from TechCrunch, the news outlet said that a source close to Gemini reported 68 fewer employees on the company\u2019s Slack channel, suggesting the crypto exchange had cut roughly 7% of its more than 1,000 staff. The unnamed source claimed that Gemini continued laying off employees as part of \u201cextreme cost-cutting.\u201d<\/p>\n

The Winklevoss brothers\u2019 Gemini Trust reportedly cut 10% of its employees amid the bear market in June as the price of many major cryptocurrencies fell by double-digit percentages. However, at the time of publication, Bitcoin (BTC) and Ether (ETH) prices have risen by more than 4% and 10% in the last 24 hours, respectively. <\/p>\n

Amid the crypto market volatility and other major exchanges including Coinbase and Crypto.com announcing similar staff cuts in June, the Winklevoss brothers were reportedly on tour with their band, Mars Junction:<\/p>\n

Related: <\/em><\/strong>The CFTC\u2019s action against Gemini is bad news for Bitcoin ETFs<\/em><\/strong><\/p>\n

The United States Commodity Futures Trading Commission filed suit against Gemini in June, alleging the exchange made false or misleading statements in 2017 during in-person meetings and in official documents. The statements were part of Gemini\u2019s self-certification of a BTC futures contract, facilitating the CFTC\u2019s determination to see if the investment vehicle could be susceptible to manipulation.<\/p>\n

Cointelegraph reached out to Gemini, but did not receive a response at the time of publication.<\/em><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cameron and Tyler Winklevoss\u2019 Gemini has reportedly<\/p>\n","protected":false},"author":3,"featured_media":160613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nGemini cuts more staff as many crypto prices increase: Report - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/gemini-cuts-more-staff-as-many-crypto-prices-increase-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gemini cuts more staff as many crypto prices increase: Report - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Cameron and Tyler Winklevoss\u2019 Gemini has reportedly\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/gemini-cuts-more-staff-as-many-crypto-prices-increase-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-18T21:05:12+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/07\/Gemini-cuts-more-staff-as-many-crypto-prices-increase-Report.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/gemini-cuts-more-staff-as-many-crypto-prices-increase-report\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/gemini-cuts-more-staff-as-many-crypto-prices-increase-report\/\",\"name\":\"Gemini cuts more staff as many crypto prices increase: Report - 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