ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages Gemini Earn Program Investors to Secure Counsel Before Important Deadline in Securities Class Action Against Gemini Trust Company, LLC, Tyler Winklevoss, and Cameron Winklevoss

NEW YORK, Feb. 17, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds investors in Gemini interest accounts (“GIAs”), through a program called “Gemini Earn,” between February 2, 2021 and December 27, 2022, inclusive (the “Class Period”) of the important February 27, 2023 lead plaintiff deadline.

This case is against Gemini Trust Company, LLC, Tyler Winklevoss, and Cameron Winklevoss (together, “Defendants”).

SO WHAT: If you invested in Gemini Earn during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Gemini class action, go to https://rosenlegal.com/submit-form/?case_id=11066 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 27, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, Gemini made actionable misstatements that deceived investors by touting Gemini Earn as a safe method of storing crypto assets and collecting interest payments and that Gemini omitted and concealed significant information concerning the risks associated with Gemini Earn, including information concerning its so-called partner and borrower in connection with the program, Genesis Global Capital, LLC. Also according to the lawsuit, Defendants violated securities laws because Gemini failed to register as an exchange and/or broker-dealer and offered and sold unregistered securities without providing registration statements for such securities, which would have apprised investors of the risks and other important information associated with their investments.

To join the Gemini class action, go to https://rosenlegal.com/submit-form/?case_id=11066 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8751929

A Fire Devours Agricultural Lands South Of Hilla

A large fire engulfed agricultural lands in al-Wardiya area, south of Hilla, on Friday evening.

Civil Defense Media Director, Aqil Abdullah, said, “The civil defense teams were able, this evening, Friday, to put out a large fire that broke out in agricultural lands in al-Wardiya area outside the south of Hilla, without injuries, indicating that the police opened an investigation to find out the causes of the fire.”

Source: National Iraqi News Agency

An Iraqi Traveler Arrested And Fake Iraqi Currency Seized In His Possession At Shalamcheh Border Crossing

The Customs Authority seized an Iraqi traveler with (fake) Iraqi currency in his possession at Shalamcheh border crossing.

The Customs stated in a statement: “The Directorate of the Shalamcheh Border Crossing has arrested an Iraqi traveler and seized a forged Iraqi currency amounting to (1,250,000) in his possession.”

It added: “The seizure process was carried out in the arrivals hall by employees of the customs police station and employees of the authority.”

Source: National Iraqi News Agency

Turkey’s Deadly Quake Renews Alarm for Istanbul

The 7.8 magnitude earthquake that killed tens of thousands across Turkey’s southeast has reignited fears of an even more catastrophic death toll if a long-feared one hits Istanbul.

Seismologists warn that a massive earthquake is likely to strike Turkey’s biggest city — officially home to 16 million people but estimated to hold up to 20 million — by 2030.

The city lies on the northern edge of one of Turkey’s main fault lines and is densely packed.

A 7.6 magnitude earthquake with an epicenter on the city’s eastern outskirts killed more than 17,000 people in 1999. The number of Istanbulites has roughly doubled since then.

Independent urban scholar Murat Guney said carnage can be avoided if the government has the political will to relocate people from shoddy buildings filling the city’s shanty towns.

Guney said Istanbul had an ample supply of vacant properties just recently constructed and strong enough to withstand major jolts.

Procrastination could spell doom, he said.

“A major earthquake of up to 7.5 magnitude is expected in Istanbul. Such an earthquake may cause the death of hundreds of thousands of residents while estimates about the number of buildings that will totally collapse or be severely damaged range from 50,000 to 200,000,” Guney told AFP.

“Those high-risk buildings, which are mostly squatter style and not resistant to earthquakes need immediate transformation before they collapse even following a minor earthquake.”

Sliver of good news

The Feb. 6 earthquake claimed the lives of more than 38,000 people in southeastern Turkey and nearly 3,700 in neighboring Syria.

Officials say more than 55,000 buildings were either levelled or damaged beyond repair.

Its impact was felt across a part of Turkey with approximately the same population as Istanbul.

Guney said Istanbul had about 1.2 million residential buildings.

“Of these, 817,000 buildings (70%) were constructed before the 1999 earthquake, when there were no construction inspections regarding resistance to earthquakes,” he said.

But there was a sliver of good news: Guney said Istanbul had 150,000 earthquake-resistant properties built after 2008 that still stood empty.

“They either belong to the construction companies that are waiting for customers, or they are the second or third houses of the rich, who do not bother to rent those apartments,” Guney said.

“There is even no need for more construction in Istanbul,” he said.

“The number of empty buildings is sufficient to move in those who live in the high-risk buildings … However, such a political decision has never been taken by the government.”

The 1999 quake prompted the government to impose a special levy that became known as the “earthquake tax.”

The money was meant to help make Turkish cities earthquake-proof.

“However, that tax money was not used properly and efficiently,” Guney said. “That special tax money was used to cover other government expenses.”

The Turkish government has issued no public breakdown of how that money has been spent.

“So far, the majority of the high-risk buildings were not covered by an urban transformation project,” Guney said.

Source: Voice of America

3 Rescued From Turkey Rubble; Toll From Quakes Passes 45,000

Rescue teams pulled three people alive from under collapsed buildings in Turkey on Friday, 11 days after earthquakes that have killed more than 45,000, left millions homeless and sparked a huge relief effort.

Mosques around the world performed absentee funeral prayers for the dead in Turkey and Syria, many of whom could not receive full burial rites given the immense damage from the disaster.

While many international rescue teams have left the vast quake zone, survivors were still emerging from under a multitude of flattened homes, defying all the odds.

Hakan Yasinoglu, in his 40s, was rescued in the southern province of Hatay, 278 hours after the first quake, of 7.8 magnitude, struck in the dead of night on February 6, the Istanbul Fire Brigade said.

‘A true miracle’

Earlier, Osman Halebiye, 14, and Mustafa Avci, 34, were saved in Turkey’s historic city of Antakya, known in ancient times as Antioch. As Avci was carried away, he was put on a video call with his parents who showed him his newborn baby.

“I had completely lost all hope. This is a true miracle. They gave me my son back. I saw the wreckage and I thought nobody could be saved alive from there,” his father said.

An exhausted Avci was later reunited with his wife, Bilge, and daughter, Almile, at a hospital in Mersin.

Experts say most rescues occur in the 24 hours following an earthquake. However, a teenage girl was saved 15 days after Haiti’s massive 2010 quake, giving hope that more people might yet be found.

The death toll in Turkey now stands at 39,672, making it the worst disaster in modern Turkish history. But this number is expected to rise, given some 264,000 apartments were lost in the quake and many people are still unaccounted for.

In neighboring Syria, shattered by more than a decade of civil war, authorities have reported more than 5,800 deaths. The toll has not changed for days.

The bulk of Syria’s fatalities have been in the northwest, an area controlled by insurgents who are at war with President Bashar al-Assad, a conflict that has complicated efforts to aid people affected by the earthquakes.

Neither Turkey nor Syria has said how many people are still missing following the quakes.

Source: Voice of America

At Least 53 Killed Syria Attack, Islamic State Blamed, State Media Says

At least 53 civilians were killed in an attack in Syria’s central desert province of Homs, state media reported on Friday, blaming the Islamic State group.

The bodies of all of the victims taken to the Palmyra state hospital had gunshot wounds to the head, state news agency SANA reported, citing a hospital official.

State media said the victims had been gathering desert truffles when they were attacked. Homs province is controlled by the Syrian government and its allies.

Five people who were wounded were transferred to another hospital. One of the survivors told SANA that the attackers had burned their cars.

There was no immediate claim of responsibility for the attack.

IS once controlled vast swaths of territory there, losing its hold on land in separate offensives by U.S.-backed fighters, government forces backed by Russia, regional militants and Turkish-sponsored rebels.

It now uses sleeper cells to wage hit-and-run attacks in Syria.

Syrian government troops are spread thin across the country and rely heavily on their allies, including the Lebanese armed group Hezbollah and Iran, to maintain control over their territory.

Source: Voice of America

Security Drives US, Saudi Efforts to Overcome Tensions

The United States and Saudi Arabia are trying to move beyond a public spat last year that saw strategic ties hit a nadir, as Western and Persian Gulf security concerns align over the threat from Iranian drones, diplomats and regional experts say.

A senior U.S. delegation visited Saudi Arabia this week for defense talks with the six-nation Gulf Cooperation Council, headquartered in Riyadh, that was postponed from October when a row erupted between Washington and Riyadh over oil policy.

“The working groups offer a way for the U.S. to engage with Gulf partners on issues of mutual interest away from the political glare,” said Kristian Coates Ulrichsen, a political scientist at Rice University’s Baker Institute.

He said Russia’s use of Iranian drones in the Ukraine war has “certainly concentrated minds in GCC capitals in a way that the initial Russian invasion of Ukraine probably didn’t.”

Saudi Arabia and the United Arab Emirates have resisted Western pressure to help isolate Russia, with which they have economic links, and to limit ties with main trading partner China, whose president met with Gulf leaders in Riyadh in December.

The U.S.-Saudi alliance was already strained under U.S. President Joe Biden, who has taken a tough stance on Riyadh’s human rights record but visited the kingdom last summer to press for more oil supplies.

When in October the OPEC+ oil alliance, which is led by Saudi Arabia and includes Russia, decided to instead cut output targets, Biden vowed there would be consequences for Riyadh.

Two diplomats in the region said the U.S.-Gulf talks showed both sides want to move forward, especially on an institutional level.

Iranian drones

Saudi analyst Abdulaziz Sager, speaking on state-run Ekhbariyah TV, said the entry of Iranian drones into Russia’s war on Ukraine lent fresh impetus at a time when Gulf states were doubting the U.S.’s commitment to the region.

“This is when things really changed, when they [West] felt their security was threatened by Iran’s support for Russia,” said Sager, chairman of Riyadh-based Gulf Research Center.

Sunni Muslim power Saudi Arabia and its allies have long warned about regional rival Shiite Iran’s missile and drone capabilities and proxy network, especially after attacks on Saudi oil facilities in 2019.

The U.S. delegation, which included the U.S. special envoy for Iran, focused on regional integrated air and missile defense and maritime security, Iran and counterterrorism.

Dana Stroul, deputy assistant secretary of defense for the Middle East, told reporters the discussions covered the “full set of threats from Iran” in the region and “increased Iranian-Russian military cooperation for use in Ukraine.”

Stroul said discussions on integrated air and missile defense looked at increased intelligence sharing, early warning and “a more effective layered air defense,” adding that progress depended on the pace at which individual countries were willing to move.

Security is paramount for Gulf energy producers, which rely heavily on the U.S. security umbrella, as they vie for foreign capital to diversify their economies in a turbulent region.

Saudi Arabia and the United Arab Emirates resent U.S. conditions on arms sales, however, including over the Yemen war that pits a Saudi-led coalition against the Iran-aligned Houthi group.

Questioning America’s regional role, Gulf states have increasingly pursued their own national interests, including looking at diversifying their security and economic partners.

The UAE and Bahrain, for example, have forged ties with Israel for a new anti-Iran axis.

“The integrated defense system is a good idea when all parties are under a single leadership, but the question remains … can American promises be trusted?” Sager said.

A third diplomat and a Gulf source said U.S.-UAE ties, also tested last year over what Abu Dhabi saw as a slow U.S. response to Houthi missile and drone attacks on the country, were in a much better place with a focus on security matters.

The United States and the UAE, which hosts the COP28 climate summit this year, have also been cooperating on climate action.

Source: Voice of America

Zakharova: There is clear politicization by the West in delivering humanitarian aid to Syria

Moscow, There is a clear politicization by the West in delivering humanitarian aid to Syria, Russian Foreign Ministry Spokeswoman Maria Zakharova said at press conference on Friday.

“There is clear politicization by the West in delivering humanitarian aid to Syria, as Turkey received assistance from 21 countries in the European Union, while only a few provided assistance to Syria, which is unacceptable in the humanitarian field,” Zakharova said.

Rendering emergency humanitarian assistance to Syria is a priority, given the destruction caused by the earthquake, the Russian diplomats indicated.

“We stress the importance of lifting unilateral restrictions from Syria to simplify relief efforts,” Zakharova added.

Russia will continue to provide humanitarian assistance for the quake- affected people in Syria, adding that the Russian rescuers returned from Syria after completing the search-and-rescue operation in the earthquake- affected area, Zakharova said.

Source: Syrian Arab News Agency

Iranian Education Minister: Supporting education sector in Syria to address impacts of quake

Damascus, Iranian Minister of Education, Dr. Yousef Nouri, extends condolence over quake victims, affirming that his country stands by Syria in its affliction.

During a video conference meeting with the Minister of Education Dr.Darem Tabaa , Dr. Nuri pointed out the strong relations between Iran and Syria in various fields, especially educational ones, stressing readiness to support the educational sector in the affected governorates.

Nouri indicated that several Iranian aid planes were sent through the Red Crescent and a fundraising campaign was launched by students and their administrations under the supervision of the Iranian Ministry of Education to help the earthquake victims.

For his part, Minister Tabaa appreciated the support provided by Iran and thanked the Iranian students and teachers for their assistance.

The Minister said that the statistics indicate that the earthquake victims, including teachers and students, reach to 142 victims, and 139 schools were turned into shelter centers for the affected families in Lattakia, Aleppo and Hama.

Source: Syrian Arab News Agency

An empty building collapsed in Bayada neighborhood, no casualties, Homs

Homs- An uninhabited three-storey building, in Bayada neighborhood of Homs city collapsed without causing any casualties.

“The building was devoid of its population, and was damaged due to the crimes of terrorist groups during their presence in the region”, Brigadier General Ghiath Aqel, Director of the Civil Defense in Homs, said in a statement to SANA reporter, indicating that the collapse occurred as a result of the earthquakes that occurred in the area recently.

The neighboring buildings have been evacuated to ensure safety, with the rubble being removed, Aqel noted.

Source: Syrian Arab News Agency

Arab and international campaign to break the siege on Syria: “Caesar Act” is the biggest obstacle facing relief campaigns

Beirut, The Arab and international campaign to break the siege imposed on Syria called for expanding relief operations for those affected by the earthquake disaster, and linking them to campaigns to cancel the so-called US’ “Caesar Act” along with its annexes.

The Campaign decided to link the existing Arab and international relief campaigns with campaigns to overturn the “Caesar” Act and its annexes, as it is the biggest obstacle in the way of raising relief campaigns to the level required, according to a statement issued after the campaign’s regular meeting on Friday, headed by its general coordinator Magdy al-Maasrawi.

The statement referred to the preparation for an international meeting of campaign members from five continents to develop an international action plan for relief and reconstruction in Syria, leading to the drop of the unjust “Caesar” Act against Syria.

Source: Syrian Arab News Agency

Civil Defense teams put out a fire that broke out inside the Zayouna Mall in Baghdad / expanded

The civil defense teams put out a fire that broke out inside the Zayouna mall, after evacuating shoppers and working staff.

A statement by the Directorate stated that a fire broke out today, Friday, on the upper floors inside a fast food restaurant, causing thick smoke throughout the mall, where the civil defense teams rushed and put out the fire at first sight using fire extinguishers, and ensured the safety of workers and finished their work after stressing the need to observe safety conditions inside the Mall restaurants.

Source: National Iraqi News Agency