Cryptocurrency exchange Gemini has stopped paying out revenue to its users, and Goldman Sachs’ head in Russia will leave the bank after 17 years of work – these and other important news for the morning of Thursday, November 17, in our daily review.

Gemini Trust, a cryptocurrency exchange run by twin brothers Tyler and Cameron Winklevoss, one of the first crypto-billionaires in the world, announced on Wednesday, November 16, that it has temporarily stopped paying clients participating in the income program. The platform made the decision after its main income payments partner, cryptocurrency lender Genesis Global, suspended withdrawals on its platform amid a liquidity crunch caused by the collapse of Sam Bankman-Fried’s FTX, Bloomberg reports, citing statements from the companies.

Timothy Talkington, a longtime top manager at U.S. Goldman Sachs in Moscow, will leave his post, RBC reported, citing an internal mailing from the investment bank. “After 17 years of service, Tim Talkington, Goldman Sachs’ co-head of Russia and the Commonwealth of Independent States (CIS) and head of global markets in Russia and USA, will leave the firm at the end of the year,” it said.

The Russian economy will show growth only in the third quarter of 2023, before that indicators will fall, Bloomberg agency writes with reference to its analysts. According to Bloomberg Economics forecasts, this year the country’s GDP decline will be at 3.5%, next year – 2%. Compared to expectations in early 2022, the fall in the economy will no longer be comparable to a collapse, but the recession could still be the deepest since the 2008 crisis, the agency warns.

US President Joe Biden has found no evidence of Ukrainian President Volodymyr Zelenskyy’s words that it was not a Ukrainian but a Russian missile that fell in Poland. The US leader said this to journalists on his return from the G20 summit in Washington.

Telsa and SpaceX CEO and CTO and head of Twitter (NYSE:TWTR) Ilon Musk testified in court – Tesla (NASDAQ:TSLA) shareholder Richard Tornetta is appealing the size of Musk’s compensation as head of the electric car maker. Musk stated that he never wanted to be CEO of any company, does not want to be CEO of Tesla and has only headed Twitter temporarily. The billionaire acknowledged that his first responsibility is that of a great engineer, not a CEO, saying that “great engineers will only work for a great engineer,” CNBC reported.