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Home BREAKING NEWS

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

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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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.

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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.

Tags: BusinesscryptoCrypto ExchangeGeminiPravjit Tiwana
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