Genesis Global Trading’s lending business remains on a growth tear, especially its loans of dollars and stablecoins.
CoinDesk
WAX (WAX) Introduces Genesis Tokens With Bonus Staking Rewards for 3 Years
World Asset eXchange (WAX) announced its Genesis Block Member Program (GBM) this week, which is designed to provide early network supporters with additional daily token rewards for 3 years as part of the WAX mainnet token swap. WAX Blockchain and Protocol Token Release Update: Introducing the Genesis Block Member Program (GBM). GBM participants will receive daily […]
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With BTC Emphasis, Genesis Capital Reports $425 Million Originations in Q1
Cryptocurrency trading and lending firm Genesis Capital released a “Digital Asset Lending Snapshot” for Q1 2019, indicating that it originated $ 425 million for the period. According to its report, the firm has originated over $ 1.53 billion since its trading service was launched in March 2018.
In addition, the company’s total active loans increased to $ 181 million, a 17 percent increase over Q4 2018.
Genesis Lends $425 Million of Crypto in Q1 – and Not Just to Short Sellers
Genesis Global Trading’s cryptocurrency lending arm continues to grow, even as the number of short sellers dwindles.
CoinDesk
Genesis Capital Processed $1.1B of Cryptocurrency Loans in 2018
Cryptocurrency lender Genesis Capital provided $ 500 million worth of digital asset loans in the fourth quarter of 2018 alone, soaring almost 100 percent from six months earlier, when the company started its lending business. Altogether, loans reached $ 1.11 billion for the whole of last year.
Also read: Iran in Talks With 8 Countries for use of Cryptocurrency in Financial Transactions
Crypto Loans Rose Sharply in Q4 Despite Falling BTC Price
According to the U.S. company’s Q4 Digital Asset Lending Snapshot published Jan. 30, the loans were issued to corporate borrowers such as hedge funds and trading firms mainly in the form of BTC, ETH and other virtual currencies.
BitGo Partners With Genesis to Enable Cold Storage Crypto Trading
Palo Alto-based crypto custody startup BitGo announced Wednesday that it has partnered with Genesis Global Trading, an OTC digital currency trading firm, to allow clients to buy and sell digital assets directly from the security of their BitGo Trust cold storage account. On the BitGo blog today: “Partnering with @GenesisTrading underscores our commitment to developing institutional-grade cryptocurrency infrastructure and represents […]
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The Daily: Genesis Trading Doubles OTC Volume, Bittrex Moves 130,000 BTC
OTC crypto platform Genesis Global Trading has increased its annual trading volume by 50 percent and we’ve got the details in this edition of The Daily. We also feature an announcement by Bittrex which sought to calm traders who spotted 130,000 BTC being moved, and the launch of an offers bot by P2P exchange Hodl Hodl.
Also read: Critical Bug Found in Beam Wallet, Wirex Adds Another Cryptocurrency
Ten Years Later, a Reflection on Bitcoin’s Genesis and Satoshi’s Timing
October 31, 2008, and January 3, 2009.
The two dates have cemented themselves with Promethean significance into Bitcoin’s lore. On October 31, Satoshi Nakamoto published the Bitcoin white paper, a constitution of sorts for his revolutionary monetary system and its intrinsic currency.
On January 3, this constitution came alive with Bitcoin Block #0. Also known as the network’s genesis block, this cornerstone would provide the foundation for an ecosystem that would challenge our perception of how money is valued and managed in a digital age.
10 Years Ago Bitcoin’s Genesis Block Changed the Course of History
Over the last 12 hours, cryptocurrency supporters across the globe have been celebrating the 10-year anniversary of the Bitcoin genesis block which was mined at approximately 18:15:05 UTC. Die-hard crypto enthusiasts believe the software released by the anonymous creator Satoshi Nakamoto has forever changed the way people look at money, and that the technology’s effect on the global economy will transform the course of history.
Also read: 2018’s Top Cryptocurrencies Ranked by Github Activity
Congratulation! 10th Anniversary of the Genesis Block
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Satoshi Nakamoto introduced the world’s first ever block of blockchain on January 3rd, 2009. He brought “Financial Freedom” to the worlds and people were genuinely excited by the … Continued
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Trace Mayer Draws Support for Proof of Keys — Celebrating Genesis Block Day
Trace Mayer is calling for all bitcoiners to participate in a “Proof of Keys” celebration on Genesis Block day. “Not your keys; not your bitcoin,” he emphasized, urging bitcoiners to declare monetary sovereignty by withdrawing all of their bitcoins held with trusted third parties to software for which they control the private keys.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
Proof of Keys
Early Bitcoin promoter, investor and podcaster Trace Mayer is hoping to inspire the community to take their bitcoins out of exchanges and third-party wallets on Genesis Block day.
Genesis Trading CEO Sees $3,000 as Bitcoin’s (BTC) Price Floor
Michael Moro, the CEO of Genesis Global Trading, an OTC digital currency trading firm, believes that Bitcoin’s (BTC) price decline is not yet over, setting a price floor of $ 3,000. In a recent interview on CNBC, Moro revealed that he sees another 30% decline for Bitcoin, stating, “You really won’t find [the floor] until you kind of […]
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Bitcoin Price Will Likely Bottom at $3,000: Genesis Trading CEO
Genesis Trading CEO Michael Moro has predicted that bitcoin will bottom out at about $ 3,000 after a week that has seen the leading cryptocurrency fall as low as $ 4,035. Speaking to CNBC, Moro stated that he does not expect the $ 4,000 support level to hold out much longer as selling pressure from pre-2017 bitcoin investors
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Genesis Capital Has Issued $553 Million in Crypto Loans Since March
Genesis Global Trading, an OTC digital currency trading firm, has reportedly issued $ 553 million in cryptocurrency loans to hedge funds and other institutional investors in the last six months through its affiliate, Genesis Global Capital. We are excited to present the first Digital Asset Lending Snapshot that highlights key trends and metrics since our launch.https://t.co/cIkfwCx4Lu $ BTC […]
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Genesis Capital CEO: Bitcoin More Likely to Hit $10,000 Than $5,000
Genesis Capital CEO Michael Moro believes that Bitcoin is more likely to hit $ 10,000 than $ 5,000, should the price hold above $ 7,150 for a period. .@michaelmoro of @GenesisTrading says #bitcoin $ 10k is coming soon. Here's why. pic.twitter.com/fdn79pwQ5K — CNBC's Fast Money (@CNBCFastMoney) August 29, 2018 In an interview on CNBC’s Fast Money, Moro asserted that […]
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Here’s Why Genesis Mining Might Have Just Booted You Off Their Platform
Genesis Mining is a popular cloud based Bitcoin mining platform that lets users mine for Bitcoin. Each user is placed on a contract, through which they are allocated provisions in order to be able to mine through the platform, differing platforms offer differing rewards but of course, the bigger the reward the more expensive the contract, therefore, Genesis Mining have had to make some cut backs in order to ensure that those on the big contracts still have access to the service, as a result of the collapsing value of Bitcoin.
South Carolina drops Genesis Mining from cease and desist
The South Carolina Securities Division has dropped Genesis Mining from its March 9, 2018, administrative order to cease and desist, according to an email CoinReport received from Front Lines Media, Genesis Mining’s media strategy company. This follows five months of educating and discussing the matt…
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Cease and Desist Order Against Genesis Mining Now Withdrawn
After five long months of working with South Carolina officials, Genesis Mining has been dropped from the cease and desist order it received back in March 2018 from the South Carolina Securities Division. The company will relaunch to U.S.-based customers shortly. This marks one of the first times a blockchain company has fought back against regulators and been successful.
Shah Hafizi, chief compliance officerCOO and general counsel at Genesis Mining, released the following statement:
The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin
As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.
The Genesis Files: If Bitcoin Had a First Draft, Wei Dai’s B-Money Was It
All Cypherpunks value privacy; it’s basically the founding principle of the collective of cryptographers, academics, developers and activists grouped around the 1990s mailing list by the same name. But few put it in practice like Wei Dai does. Once described as an “intensely private computer engineer” by the New York Times, not many personal details are known about the man who, two decades ago, dreamed up an electronic cash system intriguingly similar to Bitcoin.