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.

IBM: Launches blockchain based payments network using the Stellar protocol. Six intl banks intend to issue stablecoins.
CANADA: Regulator proposes temporary ban on short selling + margin trading.
2GETHER: Launches prepaid Visa card that supports payments in seven different cryptos. Usable in Eurozone nations.
CITI: Scraps idea to launch its own cryptocurrency. Will leverage existing ecosystems for faster implementation.
BITHUMB: Planning staff cuts up to 50%.
NANO S: Receives security certificate from France’s cybersecurity agency.
XRP: Analysis shows Twitter’s XRP army is a bunch of bots.

BITTREX: Canceled the RAID IEO due to false information regarding a strategic partnership with data analytics co, OP.GG.
BTC: Daily trading volume exceeded $11 billion last Friday, the most observed since April 25 of last year.
COINBASE: New fee structure to promote liquidity.
RIOTX: Biotech co pivots to launch regulated crypto exchange.
MT GOX: CEO sentenced to 2.5 yrs for manipulating exchange data. No charges of embezzlement.
AXA: Launches insurance product for crowdfunding/STOs.
NEVADA: Virtual currency bill being criticized as premature. No consultation from actual crypto/blockchain businesses.
ITBIT: Introduces 3bp maker rebates for BTC trades. Introduced ETH rebates last month.

TETHER: New T&C reveals the ‘stablecoin’ is actually backed by not just cash but other assets and receivables.
CBOE: Will stop offering any new XBT futures for March. CME has been taking most of the volume.
BITFURY: Partners with HadePay to bring lightning payments to merchants in US, Canada and EU.
CARBON: To create privacy stablecoin on Ethereum with AZTEC protocol.
DAI: Continues to trade below $1. Another hike being discussed.
QUIONE: Loses case to B2C2 for reversing trades. Damages TBC.
DX: Allows cos to list previously issued security tokens. IIs in Europe can trade using fiat or crypto.
BUGS: White hat hackers find over 40 bugs across blockchain platforms in 30 days. Omise and EOS lead the list.

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