Genesis Trading – DIGIT INFO

Genesis Trading-labelled address moves $720M BTC to Coinbase, pointing to the start of asset liquidations

DIGIT — Fri, 12 Jul 2024 12:42:36 +0000

Genesis Trading transferred over 12,600 Bitcoin to Coinbase over the past 30 days, two months after reaching a settlement with the state of New York.

Go to Source

Fugitive Do Kwon Now Staying in Serbia Report Says — Terraform Labs CEO Suggests SBF Is to Blame for UST Depeg

DIGIT — Mon, 12 Dec 2022 22:30:54 +0000

A new report has claimed that Do Kwon, the fugitive CEO of Terraform Labs, is currently staying in Serbia. The report added that the South Korean government has engaged the Serbian government regarding the matter. Meanwhile, Kwon has accused Sam Bankman-Fried and Alameda Research of orchestrating events that led to the “depeg” of Terra’s once-stable […]

Go to Source

FTX’s Bankman-Fried to face market manipulation probe, Do Kwon chimes in

DIGIT — Thu, 08 Dec 2022 07:00:00 +0000

As part of a broader inquiry into FTX’s collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra LUNA.

Go to Source

Crypto lender Genesis has no solution yet for withdrawal halts

DIGIT — Thu, 08 Dec 2022 05:04:45 +0000

Genesis said it will take additional weeks to carve out a recovery path for its lending business.

Go to Source

Another crypto CEO steps down as Genesis Trading restructures leadership

DIGIT — Wed, 17 Aug 2022 17:15:00 +0000

Ignite CEO Peng Zhong, MicroStrategy CEO Michael Saylor, and now Genesis Trading CEO Michael Moro — top executives have departed crypto firms or stepped into advisory positions.

Go to Source

Genesis Trading CEO confirms 3AC exposure, parent company helps plug losses

DIGIT — Thu, 07 Jul 2022 10:28:39 +0000

Genesis Trading soldiers on after confirming 3AC exposure, while parent company Digital Currency Group assumes a portion of liability after losses.

Go to Source

Report: Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored Collapse

DIGIT — Wed, 22 Jun 2022 20:51:08 +0000

Last week there was a lot of focus on the crypto hedge fund Three Arrows Capital (3AC) as the firm allegedly had a great deal of leveraged positions liquidated and there’s been speculation about insolvency. According to a recent report, 3AC’s over-the-counter (OTC) operation TPS Capital pitched a GBTC arbitrage opportunity before the company reportedly […]

Go to Source

Genesis Trading Sees ‘Strong Signs’ of Institutional Crypto Investment Growth Accelerating Next Year

DIGIT — Wed, 29 Dec 2021 02:30:34 +0000

Genesis Trading’s head of market insights says that the institutional investment growth in the crypto space over the last 12 months “has been astonishing.” The executive added: “We’re seeing strong signs of that accelerating over the next year.” Strong Signs of Institutional Investment Growth Accelerating Next Year Noelle Acheson, head of market insights at Genesis […]

Go to Source

The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow $553M

DIGIT — Sun, 21 Oct 2018 11:25:51 +0000

In today’s edition of The Daily we cover stories about the latest investment in the cryptocurrency space by Goldman Sachs, the amount institutional traders borrowed in the last six months from just one OTC desk, research on state-sponsored hackers, and a new security tool from Coinbase. Also Read: Security Giant G4S Offers Protected Offline Cryptocurrency […]

The post The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow $553M appeared first on Bitcoin News.

Go to Source