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.

BASIS: The algorithmic stablecoin is officially shutting down. Remaining funds will be returned to investors.
REVOLUT: Acquires a European banking license. Can offer insured bank accounts to users in early 2019.
ROBINHOOD: Launches zero-fee checking/savings service with 3% interest rates. Users will also get a free debit card. Possible with broker-dealer license.
EXCHANGES: Despite the bear market, verified users have almost doubled in first 3Q of 2018.
GERMANY: Stuttgart and solarisBank set to launch a zero-fee crypto exchange in 1H19.

GUSD: 65% of circulating supply held at Huobi. OKEx is #2.
KRAKEN: Reaching out to select investors and raise capital. Min $100k, total valuation $4b. Co claims they are fine financially but wants to grow its warchest.
ADA: EMURGO in partnership with Metaps+ launches a crypto card that is acceptable at >33k retail outlets in Korea. Card is available in denominations of 100 or 1000 ADA.
MT GOX: Prosecutors pushing for 10 years in prison for CEO, Karpeles. Allegations of embezzlement of $3m USD.
UBER: Fold app allows users to purchase Uber rides with BTC.
VENEZUELA: Govt is converting pensioner’s monthly payments to Petro. Troublesome for the elderly..

GEMINI: Launches mobile app for iOS and Android.
POLONIEX: Extends fee-free trading of USDC through Dec.
CFTC: Publishes RFI to learn more from the public about Ethereum.
SAMSUNG: Refutes rumors of adding a crypto wallet to Galaxy S10.
GBX: Partners with local insurer, Callaghan, to offer coverage of both hot/cold wallets.

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