Tag Archives: Genesis Trading

Bloomberg Features Bitcoin, Ethereum Cold Storage Trading

Cryptocurrency–Despite coin prices getting off to a shaky start in 2019, with price volatility continuing from last year’s ongoing bear market, the narrative towards cryptocurrency is making a decidedly positive change towards functional improvement. On Wednesday, popular financial news outlet Bloomberg reported on the development of Genesis and BitGo, two companies which seek to rectify crypto’s “Billion-Dollar Theft… Read More »

Bitcoin Startup BitGo May Spark Wall Street Participation In Crypto

Since Bitcoin (BTC) began to falter in early-2018, optimistic investors, many of which are “HODLing,” have resorted to grasping for straws. Case in point,  the words, “Wall Street” and “institutional investors,” are incessantly mentioned, as crypto diehards have sought to find a light at the end of the proverbial tunnel. Yet, institutions have been effectively elusive, with whale sightings, if you will, remaining… Read More »

Genesis Trading and BitGo Team Up to Enable High-Frequency Crypto Trading

Cryptocurrency custodian BitGo and over-the-counter (OTC) specialist Genesis Global Trading have teamed up on a service designed to make Wall Street feel more comfortable dipping a toe in the market.   Announced today, the tie-up means institutional investors storing digital assets with BitGo can use Genesis’ platform to execute trades at the speed they are accustomed to in… Read More »

OTC Volume of Bitcoin is Rising: Are Institutions Buying?

While over-the-counter (OTC) and dark pool trading is a lesser-known branch of the crypto tree, this subsector has quickly become a hot topic for institutions with a growing penchant for Bitcoin. Recent data from a leading crypto-centric OTC desk has only corroborated this fact, making it apparent that capital enters cryptocurrencies via mediums other than spot exchanges.Crypto OTC Offerings… Read More »

Galaxy Digital, Cumberland and More Plan New Crypto Code of Conduct

A group of 10 companies focused on cryptocurrencies and financial services have formed a new group aimed at standardizing a code of conduct for the still-nascent digital asset space. Announced Tuesday, the Association for Digital Market Assets, or ADAM, is backed by founding members Galaxy Digital, Genesis Global Trading, GSR, Hudson River Trading, Paxos, Symbiont, BitOoda Technologies, BTIG, Cumberland and… Read More »

Bitcoin Price Will Likely Bottom at $3,000: Genesis Trading CEO

Advertisement Twitter Facebook LinkedIn Genesis Trading CEO Michael Moro has predicted that bitcoin will bottom out at about $3,000 after a week that has seen the leading cryptocurrency fall as low as $4,035. Speaking to CNBC, Moro stated that he does not expect the $4,000 support level to hold out much longer as selling pressure from pre-2017 bitcoin… Read More »

Genesis Trading CEO: Crypto Market Is Ugly, But We’re Not Going Anywhere

As crypto assets have suffered in recent weeks, with the aggregate cryptocurrency market rapidly losing 35% to establish a new year-to-date low, some have capitulated, calling it quits on Twitter. While these cases are few and far between, the fear that the cryptocurrency party has found its end is, unfortunately enough, a present and a trending industry topic.However,… Read More »

Clear-Headed Response to Crypto ETF Rejections Drove Bitcoin Price to $7,100: Analyst

Advertisement What’s behind the recent bitcoin rally price to $7,100? Michael Moro, CEO of Genesis Trading and Genesis Capital, thinks the market’s stable reaction to the SEC’s ETF rejections last week played a big role. Interviewed on CNBC, Moro noted that the selloff that has greeted SEC rejections in the past did not materialize. The important question now,… Read More »

Major Bitcoin Traders Join Forces to Lure Big Institutional Investors

Bitcoin traders are gladly remarking that Bitcoin’s price trajectory has been positive for the last five consecutive days, without significant pullbacks. Now that Bitcoin’s winter seems to be over, Bitcoin trading firms are joining forces to entice big institutional investors into the vibrant cryptocurrency market. New Price Indices for Bitcoin and Ether For many, Bitcoin’s resiliency and its… Read More »

NY Grants Fifth-Ever BitLicense to Crypto Exchange Genesis Global Trading

Genesis Global Trading has obtained a BitLicense from the state Department of Financial Services (DFS), making it only the fifth firm in three years to receive the controversial license. The cryptocurrency exchange, based in New York City, and DFS announced the news in separate press releases Thursday. In the regulator’s release, New York financial services superintendent Maria Vullo said, “New… Read More »