Gemini

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 Gemini is investigating the root cause behind the suspected price glitch. 
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<div class="cointelegraph"> 
 Crypto <a rel="noopener noreferrer nofollow" title="users" href="https://thebittimes.com/tag/users.html">users</a> have reported seeing “wonky” <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s for Ripple’s XRP (XRP) token on the Gemini crypto exchange hours after it relisted the token on its platform for deposits and trading. 
 Several crypto community members on X (Twitter) on Aug. 11 posted screenshots of what many have described as a "<a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="glitch" href="https://thebittimes.com/tag/glitch.html">glitch</a>" that has seen XRP’s displayed <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> on the exchange rise above $1 a number of times and even spiking to $50 on one occasion. 
 <blockquote class="twitter-tweet"> 
 Major exchange @Gemini had a <a rel="noopener noreferrer nofollow" title="glitch" href="https://thebittimes.com/tag/glitch.html">glitch</a>. $50 per #XRP! pic.twitter.com/UBEWN7Rv7j— JackTheRippler ️ (@RippleXrpie) August 10, 2023 
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 However, the current market price for XRP is $0.63,&nbsp;according to the crypto tracking website CoinGecko. 
 <blockquote class="twitter-tweet"> 
 Wow. Current price of $XRP on @Gemini. Is this a glitch? pic.twitter.com/Nbzro1ahlW— Yassin Mobarak (@Dizer_YM) August 11, 2023 
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 Meanwhile, as of Aug. 11, 1:25 am UTC, Gemini announced it has put its platform into full site maintenance. 
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 “We are currently performing maintenance on the Gemini platform and so all services are currently unavailable. All customers assets and funds remain secure. We will provide updates here once we have more information to share.” 
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 It also reported some users were seeing timeout issues on spot markets. 
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 <img src="https://cdn.thebittimes.com/images/2023/08/11/1ef7c2e34226e6942eb6c630a2936282.webp"> 
 <figcaption style="text-align: center;"> Gemini also noted it had disabled cryptocurrency deposits and withdrawals on Aug. 10, 10:45 am UTC. Source: Gemini 
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 Related: Digital Currency Group files motion to dismiss Gemini lawsuit, claiming it’s a PR campaign 
 Gemini announced it had made XRP available again for trading on the crypto exchange on Aug. 10. 
 It comes after United States District Court Judge Analisa Torres ruled in the Ripple’s case against the Securities Exchange Commission that XRP is not a security when sold on exchanges. 
 <blockquote class="twitter-tweet"> 
 Xcited to announce $XRP is now available for trading on Gemini. pic.twitter.com/E9Xiv8BTo3— Gemini (@Gemini) August 10, 2023 
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 Magazine: Deposit risk: What do crypto exchanges really do with your money? 
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XRP briefly hits $50 on Gemini as users suspect relisting 'price glitch'

TheBitTimes

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