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.

Daily News

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

ETH: Another vulnerability has emerged causing a second delay to the Constantinople upgrade.
CRYPTOPIA: NZ exchange hacked. Alerts show ~19k ETH and ~48m CENNZ were transferred to unknown wallets on Jan 13.
BITMEX: Closing trading accounts in the US and Quebec due to (potential) regulations.
BELARUS: Startup, Currency.com, launches trading platform for tokenized securities. Investors can buy a token that reflects performance of listed shares.
GIGA WATT: After declaring bankruptcy in Nov, mining co is finally shutting down. Rigs can be returned to clients if they cover the shipping costs.
BTC: A whopping 22% of blocks were mined by unknown miners in Dec. Indicates less centralization.
ETC: New dev team will spend 1Q looking into Constantinople before finalizing the next improvement proposal.

BAKKT: Acquisition of an independent futures commission merchant to enhance risk mgmt and treasury operations. The platform has been on hold as CFTC is still reviewing.
BITTREX: Launches OTC desk that will support ~200 cryptocurrencies. Min ticket size $250k.
BITMAIN: Cost cutting continues as co downsizes its Netherlands operations.
SWITZERLAND: Third largest custody provider, Vontobel, launches a crypto custody solution for banks and asset managers.
HSBC: Settled over $250b in txs using DLT across internal balance sheets.
MALAYSIA: New regulation classifies all digital assets as securities.
DASH: Releases update 1) InstantSend by default, 2) split of masterkeys, 3) PrivateSend for lite clients.
ETC: Fees surge ~8x in last 24hrs. Experts concerned this may be a GasToken exploit.

TRON: BitTorrent Token (BTT) will be launched on the TRON network. Former BitTorrent executive claims the network will be unable to handle the high rate of txs.
TZERO: Its security tokens will be distributed to investors through broker-dealer or personal wallet with 2fa.
RUSSIA: Parliament giving high priority to legislation of digital assets. >20 bills to be discussed in Spring.
GOOGLE: Advertising platform reportedly no longer accepting content mentioning ‘Ethereum’.
SAMOURAI: Stealth mode, SIM-switch defense, and remote SMS commands have been removed to comply with Google Play policies.
ROBINHOOD: Starts recruiting for UK expansion.
BITMAIN: Suspends mining operations in Texas. Downsizing to 5 employees.
TRON: dApp competition prize money slashed last minute. Appears nobody won the #1 prize of $200k.
BLOCKFOLIO: Cuts 10% of employees; sidelines incubator program.

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