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.

BITMAIN: Preparing to deploy ~200k units of its newer rigs (S11, S15) in China.
MT GOX: Trustee has approved creditor claims of >$3b. Assets on hand ~$1b which includes 141k BTC and 142k BCH.
FACEBOOK: Internally investigating claims that user passwords were kept in plain text and accessible by its 20k employees.
BAKKT: Series A implies valuation of $740m.
LIGHTNING: Introduces ‘Loop’. Allows for increasing quantities without closing/reopening channels.
SIRIN: Blockchain phone now integrated with MyEtherWallet.
BINANCE: Correlation analysis on top 30 mkt cap names.

BLOCKFI: The lending co has attracted $35m in crypto deposits since its launch Mar 5. Promised annual interest up to 6.2% but the deposits are not insured.
COMMONWEALTH: Introduces ‘lockdrop’. Participants are required to lock their ETH to receive an immediate airdrop.
ETF: Public feedback to the SEC has been mostly negative. Reasons around volatility and manipulation.
CASPIAN: Partners with Deribit to offer futures/options on its platform.
HUOBI: First IEO to launch Mar 26. Project called TOP Network. US$1k individual cap.
POS: $3.9b worth of tokens are staked across ~40 networks. EOS, Dash, Cosmos lead the rankings.
CARDANO: Releases 1.5 mainnet. Hard fork to new consensus protocol, Ouroboros BFT. Exchanges need to migrate to new wallet API.
BLOCKSTREAM: Revamps wallet to include 1) multisig 2FA, 2) support for HW wallets, 3) support for Tor (IP shielding).
TEZOS: Holders vote for protocol amendments, 1) higher gas limits, 2) lower min stake for baking.

IEO: Binance is again under scrutiny after users were repeatedly logged out during Celer’s IEO last night
BINANCE: Creates a fiat onramp via 1300 newsagents in Australia. Users must register in advance.
JAPAN: New laws will limit crypto margin trading to 2~4x. Will take effect in 2020.
AVNET: Fortune 500 electronics distributor now accepts crypto via BitPay.
BITGO: Adds support to compliantly store BCAP security token.
BITMAIN: Claims Antminer Z11 has 3x hashpower vs. that of previous Z9. Runs Equihash algo (Zcash).
MAKER: Looking to raise stability fee to 7.5% as DAI hovers below $1.
SILVERGATE: Adds 59 new crypoto clients in 4Q but deposits down 8%. Decline driven by exchanges.

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