Discover and read the best of Twitter Threads about #GeminiDCGSaga

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1/10 ๐Ÿงต๐Ÿ”ฎ #CryptoNews: Gemini's latest update states that Digital Currency Group (#DCG) missed a $630M payment due to Genesis last week ๐Ÿ’”

๐Ÿค” As complex as it sounds, let's break it down in #crypto language

๐Ÿงต

$GEMINI $DCG $GENESIS Image
2/10 Gemini is now working alongside #Genesis, #DCG, and their creditors to provide some leeway to DCG to prevent a default. This could be a game-changing move in the crypto lending space. ๐ŸŽฒ
3/10 Both Genesis and #CoinDesk are owned by DCG. This is significant because it means there's a lot of interconnection within the crypto industry, and one misstep can cause a domino effect. ๐ŸŒ
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