The previous big launches of Bitcoin-related products on Wall Street were followed by multi-month price slumps.
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Genesis CEO Michael Moro Thinks Mistakes Keep Institutions Away From Defi
CEO of trading firm Genesis, Michael Moro, stated that according to his views the decentralized finance (defi) space is still too risky for institutions to step in. Moro explained that there have been some important mistakes made by high-profile defi protocols that are putting customers’ funds at risk. This is why the space is being […]Powered by WPeMatico
Genesis Report Highlights ‘Emerging Role’ of Ethereum and Defi in Q2 2021
Genesis Digital, a leading cryptocurrency trading, lending, and custody desk, released its Q2 reports, where it confirms what it calls the “emerging role” that Ethereum and defi have in the industry. The report also confirms that institutional interest in crypto is still rising despite the crash in prices the market experienced in Q2 2021. Genesis […]Powered by WPeMatico
Binance NFT Marketplace Launches With Artwork From Dali, Warhol and ‘100 Creators’
Cryptocurrency exchange Binance launched its NFT marketplace on Thursday. The platform allows users, including artists, creators, and crypto enthusiasts, to mint and trade non-fungible tokens (NFTs). It employs Binance’s blockchain infrastructure and features various forms of digital artwork and collectibles. NFT Collection Brings Together Celebrated Artists in a ‘Genesis’ Auction The long-awaited Binance NFT Marketplace […]Powered by WPeMatico
Genesis Digital Assets Purchases 10,000 Bitcoin Miners from Canaan
The Beijing-based ASIC mining rig manufacturer Canaan announced the sale of 10,000 bitcoin mining machines to the firm Genesis Digital Assets Limited. Canaan plans to deliver the 10,000 A1246 and A1166 Pro Avalonminers by the end of the month. Canaan to Deliver 10,000 Bitcoin Miners to Genesis Digital Assets The company Canaan (Nasdaq: CAN) has […]Powered by WPeMatico
Canaan to Sell $93 Million in Next-Generation Bitcoin Miners to Genesis Digital Assets
The ASIC bitcoin mining rig manufacturer and chipmaker, Canaan has announced the company has signed a $93.63 million purchase order with the mining firm Genesis Digital Assets. Genesis will be acquiring Canaan’s A1246 Avalonminer rigs that produce 90 terahash per second (TH/s) and deliveries will be shipping during the second half of 2021. Canaan and […]Powered by WPeMatico
Genesis Doubles Crypto Loan Issuance for the Third Quarter to $5.2 Billion
Crypto lender Genesis provided $5.2 billion in new loans in the third quarter of 2020, more than double its previous record of $2.2 billion in the preceding quarter. Issued to corporate borrowers such as hedge funds and trading firms, the loans are mainly denominated in bitcoin (BTC), ether (ETH), bitcoin cash (BCH), and cash. According […]
The post Genesis Doubles Crypto Loan Issuance for the Third Quarter to $5.2 Billion appeared first on Bitcoin News.
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Bittrex, Coinbase and Kraken Set up Crypto Rating Council
The heavy hand of regulators has been stifling the growth of the cryptocurrency industry in the U.S. and caused innovators to flock abroad. In a bid to mitigate one aspect of this problem, major players have now created a joint system for rating what constitutes a security token. Also Read: International Crypto Exchange Luno Adds […]
The post Bittrex, Coinbase and Kraken Set up Crypto Rating Council appeared first on Bitcoin News.
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OTC Desks Proliferate as Volume Shifts From Spot Markets
While trading volume on the top cryptocurrency exchanges declined dramatically during the second half of 2018, all signs suggest that over-the-counter (OTC) markets are now attracting increasing liquidity, with a number of prominent cryptocurrency exchanges entering the OTC space. Additionally, several major existing OTC desks have recently spoken of experiencing significant growth in trade volume. […]
The post OTC Desks Proliferate as Volume Shifts From Spot Markets appeared first on Bitcoin News.
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Genesis Mining Relaunches Bitcoin Mining Contracts
Genesis Mining is the leading cloud mining provider in the cryptocurrency world, and they’re once again issuing Bitcoin mining contracts for miners who don’t have the time, expertise, or wherewithal to get their shovel dirty in the crypto sphere. Mid last week they’ve announced the relaunch of their popular Bitcoin cloud mining contracts, which sold […]
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