1/10 🧵🔮 #CryptoNews: Gemini's latest update states that Digital Currency Group (#DCG) missed a $630M payment due to Genesis last week 💔
🤔 As complex as it sounds, let's break it down in #crypto language
🧵
$GEMINI $DCG $GENESIS
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. 🎲
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. 🌐
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