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

Report: Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored CollapseLast 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 […]

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Genesis Reports Q2 Crypto Loans Spiked 118% to $1.4 Billion Amid Rising Yield Farming Interest

Genesis Capital said Tuesday that its total number of loans outstanding more than doubled to $1.4 billion for the second quarter to June, up from $649 million three months earlier. The crypto lender, which targets institutional investors and wealthy individuals, added over $2.2 billion in new originations, an increase of 324% year-on-year. Since the launch […]

The post Genesis Reports Q2 Crypto Loans Spiked 118% to $1.4 Billion Amid Rising Yield Farming Interest appeared first on Bitcoin News.

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Bitcoin Lender Genesis Global Issues $2 Billion in Loans During Record Quarter

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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Market Outlook: After Crypto Prices Tumble, Observers Weigh in on What’s Next

Market Outlook: After Crypto Prices Tumble Observers Weigh in on What's NextBitcoin and a large number of cryptocurrencies experienced a sharp crash after touching new price highs this year. On June 26, the price of bitcoin core (BTC) dropped from $13,850 to under $11,900 in less than an hour. BTC values against the USD continued to spiral on Thursday, dropping to $10,350 before recovering slightly. With […]

The post Market Outlook: After Crypto Prices Tumble, Observers Weigh in on What’s Next appeared first on Bitcoin News.

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Custodial Bitgo Clients Can Now Access Genesis Global’s OTC Pools

Custodial Bitgo Clients Can Now Access Genesis Global's OTC PoolsOn 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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Bitcoin Price Watch: Analysts Remain Mixed About Where Bitcoin Will Go

At press time, the father of cryptocurrency has sunk even lower and is trading for just over $4,200. This is a drop of roughly $200 since our last price piece, meaning that bitcoin has now fallen by roughly $2,000 over the past week. Interestingly, bitcoin ultimately fell to roughly $4,100 during the early morning hours […]

The post Bitcoin Price Watch: Analysts Remain Mixed About Where Bitcoin Will Go appeared first on NullTX.

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Bitcoin Price Watch: Currency Remains at $7,200, Shows More Stability

At press time, the largest cryptocurrency by market cap remains at $7,200, where it has been for nearly 72 hours. However, the price has bumped itself up just enough that $7,300 is likely right around the corner granted bitcoin can keep up this momentum. According to one analyst, bitcoin is exhibiting great maturity, and it’s […]

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Bitcoin Price Watch: Currency Shoots Up to $7,500

At press time, bitcoin has reached $7,500, a coveted position according to most analysts. Many believe that $7,500 will lead the path to $8,000, and now that the first figure has been reached, the second will be easy as pie. One source explains that the big number to be concerned about, however, is $7,530, and […]

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