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Here @Genesis Block
1/F, 269 Hennessy Road, Wan Chai, Hong Kong
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
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Daily Headline
Daily News
LIBRA: Following PayPal, more firms are stepping away from the association; Visa, Mastercard, eBay, etc.
TON: SEC files emergency action to stop distribution of Grams to US purchasers.
ETH: CFTC chair believes ETH is a commodity and expects derivs to trade soon in the US.
MKR: Coinbase Custody will now support direct governance participation.
B2C2: Launches new deriv to trade gold against BTC.
XRP: Makes $750k investment in BRD wallet.
BSTX: Seeks SEC approval to launch mkt for publicly traded security tokens. Part-owned by tZero.
DEVCON: Lubin admits ETH1 was not built for mass adoption and currently there’s no plan in place to support migration of tokens and contracts to ETH2.
BITWISE: SEC denies ETF application. Believes ‘real’ BTC mkt cannot be isolated from fraud/manipulation.
BITMAIN: Announces two new rigs, S17+ and T17+.
BINANCE: Enters P2P space to support RMB via WeChat and Alipay.
GRAYSCALE: Raises $85m in 2Q; majority from instos. Additional +ve is ~25% of new money went into altcoin trusts.
IRS: New guidance clarifies coins acquired from hard forks and airdrops are taxable.
MAKERDAO: To launch multi-collateral Dai system in Nov.
LIBRA: Thirty blockchain cos and nonprofit orgs plan to fork Libra to build a permissionless network. OpenLibra will be pegged to the actual Libra.
ANCHORAGE: Becomes first entity to offer institutional custody of GRM (Telegram).
PAYPAL: Co officially leaves LIbra Association.
VANGUARD: Testing P2P FX trading platform. Would remove the need for an investment bank.
HK: SFC releases requirements for crypto fund managers.
BITFINEX: Facing class action lawsuit for allegedly manipulating crypto markets.
BITGO: To support staking for DASH and ALGO. Return will range from 7~13% p.a.
CHAINALYSIS: Adding support for more ERC20 tokens such as MKR, DAI, ZRX, OMG and BAT.
STONE RIDGE: Files prospectus with SEC for new fund. Will invest only in cash-settled BTC futures regulated by the CFTC (as well as cash + low-risk securities).
SEGWIT: Share of segwit txs hit 55% in Sep.
INFURA: Acquired by ConsenSys.
COINBASE PRO: Hiking fees for low volume accounts (as high as 50bps).
DAPPS: 3Q tx volume down 40% q-q. Those on EOS showed higher user retention @ 40%. DeFi new users on the rise.
Our daily recap of all things blockchain and digital assets related, to better serve our clients and to inform the public.