Genesis Block

Hong Kong’s premier OTC trading centre.

With our head office based in Hong Kong, Genesis Block is proudly serving its community as the first stop of all things blockchain.

Supported Digital Assets


Daily News

Our daily recap of all things blockchain and digital assets related, to better serve our clients and to inform the public.

BINANCE: Plans to launch, Venus, an infrastructure to issue localized stablecoins for specific countries.
TETHER: Will issue a new stablecoin, “CNHT,” pegged to offshore Chinese yuan.
SEC: Issues cease-and-desist order against ICO Rating. Claims co was compensated ~$100k for promoting securities.
INX: The crypto trading platform intends to raise $130m via a ‘security token IPO’ in the US.
BITMEX: Restricts access to users based in Seychelles, HK and Bermuda; all locations where parent offices are located.
SVG: 2Q deposits +11% q-q. SEN usage blowing up.
ARGO: LSE-listed mining firm to boost electricity supply by >3x by 2020. Deal signed with Canadian data center.
RAKUTEN: Launches exchange via mobile app. Support trading of BTC, ETH, BCH.
BITPAY: Processed >$5m in real estate txs in 1H19.
ANCHORAGE: Adds support for XTZ and XLM. Users can receive staking rewards.

PLUSTOKEN: $2.9 billion deposits in crypto have been lost in the exit scam.
BAKKT: The physically-delivered bitcoin futures product has been approved by both the CFTC and NYDFS. Will be launched in September.
ETHERUEM: Core devs have finalized six EIPs to be part of the next hard fork, Istanbul.
COINBASE : >3400 users asked to change PW. Bug resulted in customer details being stored in plain text.
COINBASE CUSTODY: Demand increasing since the Xapo acquisition. $200~$400m new deposits per week.
SILVERGATE: To launch borrowing facilities in 2H. Collateral will need to exceed line of credit.
FUNDS: Vision Hill reports crypto fund composite registered a ~53% gain in 2Q. BTC alone significantly O/PF.
POLONIEX: Delists 23 trading pairs due to low volume.
BINANCE: CZ expects US platform to go live within 2mos. NY residents will not have access.
LTC: Foundation left with just $96k in reserves as of 1Q19.
BEAM: Completes first hard fork for ASIC resistance. Support for Laser Beam (like LN) added.

SEC: Another delay in Bitcoin ETF decision. Next deadlines are late Sep to mid Oct.
COINBASE: Backing a new derivatives exchange, Blade. Offer up to 150x leverage for BTC and other altcoins via perpetual swaps.
ETHFINEX: Relaunching as DeversiFi. New mgmt plans to pivot the focus to institutions and seek regulatory approval in Europe.
BINANCE: Scheduled system upgrade @ 10am HKT today. Will take 6~8 hrs.
COINBASE: Moves banking over from Barclays to ClearBank. Deposits & withdrawals now taking days to process.
US: SEC freezes bank accounts tied to allegedly fraudulent ICO project, Veritaseum.
SEED CX: Begins user acceptance testing of its physically settled BTC margin swaps. Another product awaiting CFTC approval.
BITGO: Will offer 12mo no-fee custody service to Xapo clients.
N KOREA: UN reports nation has secured $2b via hacking crypto exchanges and financial institutions.
KAKAO: To launch crypto wallet, Klip, later in the yr.

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