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Posts Tagged ‘Genesis’

Genesis Clocks Quarterly Surge in Cash and Stablecoin Lending

Genesis Capital saw another jump in cash and stablecoin lending this quarter. The lending arm of the over-the-counter trading subsidiary of Digital Currency Group (DCG) published its latest “Digital Asset Lending Snapshot” on Wednesday, noting that the surge in cash lending was significant enough to shift the firm’s $450 million lending book. For the first time this year,…

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Crypto Lender Genesis Capital Processed Nearly $1.1 Billion In 2018

Institutional crypto loans firm Genesis Global Capital says it processed more than $1.1 billion in lends and borrows in 2018. The firm, which is affiliated to Genesis Global Trading, published its latest “Digital Asset Lending Snapshot” Wednesday, announcing that it had more than doubled its loan originations in the last three months of 2018, compared…

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Bitcoin Turns Ten on Anniversary of Genesis Block

Today, Jan. 3, marks ten years since the creation of the very first block on the Bitcoin (BTC) blockchain. Known in more technical parlance as a “genesis block,” the first block on a blockchain is unique in that it — logically — contains no reference to any previous blocks, and is always hard-coded into the…

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Bitcoin Genesis Block 10th Anniversary Sees Identical Debt Headlines

The tenth anniversary of the Bitcoin genesis block has come with a somewhat ironic celebration in one UK mainstream newspaper. ‘Thanks Satoshi. We Owe You One’ As Hong Kong-based trading platform BitMEX noted uploading the front cover featuring its own advertisement to Twitter, the edition of the Times for January 3 acknowledges Bitcoin’s tenth birthday.…

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Genesis Mining Compels Certain Customers to Upgrade BTC Mining Contracts

Iceland-based hashpower hosting service Genesis Mining is compelling some of its customers to upgrade their Bitcoin (BTC) mining contracts following this year’s significant cryptocurrency price decline, according to an August 17 statement. In 60 days, the company will terminate services for open-ended contracts that mine less than the daily maintenance fee. Genesis claims that the…

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