It is understood Moelis & Company has been brought on to help the troubled lending firm explore all possible options.
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On Friday, Grayscale Investments, the world’s largest digital currency asset manager in terms of assets under management (AUM), revealed that three trusts have been filed with the Securities and Exchange Commission (SEC) in order to become SEC reporting companies. The three trusts include individual crypto asset products such as the bitcoin cash trust, the litecoin […]
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Genesis Global Trading released its Q1 report on April 28, with corporates leading trading volumes, accounting for $8 billion in spot trading alone.
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Genesis Global Trading has reported a 100% jump in new loan originations in the first quarter. The cryptocurrency lender and trading platform added a record $2 billion in new loans in the three months leading to March 2020, up $1 billion from the previous quarter. BTC accounted for 44.8% of the loans and bitcoin cash […]
The post Bitcoin Lender Genesis Global Issues $2 Billion in Loans During Record Quarter appeared first on Bitcoin News.
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On Wednesday, cryptocurrency custodial service Bitgo and over-the-counter (OTC) brokerage house Genesis Global announced a partnership to provide fast and secure trades directly from Genesis’ cold storage solution. Essentially, institutional investors who store their assets with Bitgo will be able to access cryptocurrency quotes in a high-frequency fashion similar to acquiring stocks or equities from […]
The post Custodial Bitgo Clients Can Now Access Genesis Global’s OTC Pools appeared first on Bitcoin News.
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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 […]
The post The Daily: Genesis Trading Doubles OTC Volume, Bittrex Moves 130,000 BTC appeared first on Bitcoin News.
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Genesis Global Trading has released a financial report for the third quarter that shows the U.S. cryptocurrency lender provided $553 million worth of digital asset loans. These were issued to corporate borrowers such as hedge funds and trading firms in the form of BTC, BCH, ETH and other cryptocurrencies. Also read: World’s Biggest Banks Helped Clients Steal […]
The post Genesis Global’s Bitcoin Loans Hit $553M in 6 Months appeared first on Bitcoin News.
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Since the infamous Bitlicense was put into effect, the ecosystem has fought for its removal. It turns out to be much harder in practice than in theory to oust a law once it’s put into effect. The good news is groups like Startup Cities are on the case. They’ve snagged a candidate for governor to […]
The post Bitlicense Should be Smashed, Candidate for New York Governor Urges appeared first on Bitcoin News.
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The BitLicense has been an interesting development in the world of cryptocurrency. In fact, it has been subject to so much controversy and debate, one would almost forget companies are actively pursuing this license these days. Genesis Global Trading is the most recent firm to have been granted a BitLicense, which means it can officially operate in the state of New York. Genesis Global Trading Gets a BitLicense Anyone who has been involved in cryptocurrency for more than a few months will know about the issues caused by New York’s BitLicense. This particular regulatory move has made life very difficult for
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