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BlockNews
Home BREAKING NEWS

Gemini’s Culture Revamp Leads to CTO Tiwana’s Unexpected Exit

BlockNews.com Team by BlockNews.com Team
November 6, 2023
in BREAKING NEWS, BUSINESS, CRYPTO
Reading Time: 3 mins read
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  • Gemini’s CTO Pravjit Tiwana is leaving the cryptocurrency exchange according to an anonymous report citing his efforts to make the company’s culture more like Amazon’s.
  • XRP has rallied with Ripple’s legal wins against the SEC and new central bank digital currency partnerships.
  • The NFT marketplace Blurs saw its token price jump higher after top rival Opensea announced significant layoffs.

Gemini‘s Chief Technology Officer and APAC CEO Pravjit Tiwana is leaving the cryptocurrency exchange according to a report citing two anonymous sources. Tiwana worked at Amazon and Disney prior to joining Gemini.

🚨 NEWS: Gemini CTO Pravjit Tiwana steps down.

This move comes amidst internal cultural shifts toward Amazon-like efficiency.

Gemini and Tiwana have yet to comment. pic.twitter.com/tMhjo4pVXx

— BlockNews.com (@blocknewsdotcom) November 6, 2023

The report states that Tiwana made Gemini’s culture more similar to Amazon’s, leading some employees to leave. As CTO, his responsibilities included overseeing product engineering and design.

Gemini is currently in a legal battle with Genesis Trading and its parent company Digital Currency Group. The SEC has also sued Gemini.

Tiwana and Gemini did not immediately respond to a request for comment on his departure.

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XRP has rallied recently as Ripple has scored wins in its legal battle with the SEC. Ripple has also announced new partnerships for using XRP in central bank digital currencies.

Blurs Token Jumps After Rival Opensea Cuts Staff

The price of Blur’s SOAR token jumped even higher after top NFT marketplace Opensea announced layoffs of 20% of its staff. Blurs is a new NFT marketplace competing with Opensea.

Llama Raises $6 Million For Smart Contract Platform

Llama, a new platform for smart contract governance, has raised $6 million in seed funding from investors including Coinbase Ventures.

Bitcoin Holds Near $20,000 As Fed Pivot Expected

Bitcoin’s price is holding steady around $20,000 as analysts anticipate the Federal Reserve will slow its pace of interest rate hikes at its next meeting. A more dovish Fed is seen as bullish for risk assets like crypto.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BusinesscryptoCrypto ExchangeGeminiPravjit Tiwana
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BlockNews.com Team

BlockNews.com Team

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