Tagged: genesis

Genesis May Report: Is a Bottom Close for Bitcoin?

The past few months have been difficult for crypto markets AND traditional securities. Both markets have flailed as inflation has rocketed higher and the Federal Reserve moves to battle rising prices by ending quantitative easing and raising interest rates. Crypto, once viewed as “digital gold”… Read More

Genesis Comments on Crypto Correlation as Markets Stumble

Noelle Acheson, Head of Market Insights at Genesis, has distributed some perspective on why crypto correlations spike during times of “uncertainty.” Markets have been in a tumble – both crypto and traditional markets have retrenched as fears of a looming recession along with Giga high… Read More

Bumpy Road for Crypto Markets: Bitcoin Delivered its Worst April on Record

Genesis, a HNW and institutional crypto prime brokerage, has distributed its April report on digital asset markets and it is rough. According to Genesis, Bitcoin delivered its worst April on record, with a drop of approximately 18%. Of course, we are part way through May… Read More

Genesis, an Institutional Crypto Derivatives Provider, to Join International Swaps and Derivatives Association

Genesis, a digital asset industry pioneer and the “premier” institutional crypto derivatives provider, recently announced that GGC International Limited has “joined the International Swaps and Derivatives Association (ISDA) as a Primary Member.” Genesis, through its GGC International Limited entity, was “one of the first participants… Read More

Genesis Digital Asset Prime Brokerage Publishes Q1 Update: Record Quarter in Crypto Derivatives Trading

Genesis, a crypto asset spot and derivatives trading platform, has distributed a report on Q1 performance. According to Genesis, it was a record quarter in crypto derivatives trading in contrast to the lower crypto trading volumes and volatile market exacerbated by the war in Ukraine,… Read More

CME Group, CF Benchmarks to Introduce New Cryptocurrency Reference Rates, Real-Time Indices

CME Group, the derivatives marketplace, and CF Benchmarks, the provider of cryptocurrency benchmark indices, announced plans to introduce 11 new virtual currency reference rates and real-time indices, which will be “calculated and published daily by CF Benchmarks, beginning April 25.” These reference rates and indices… Read More

Genesis Comments on Bitcoin, Crypto Recent Run

Bitcoin, Ethereum, and other cryptocurrencies have recently experienced a solid rise in price. Bitcoin, the world’s most popular crypto is up by around 10% just this week. This week,  Noelle Acheson, Head of Market Insights at Genesis, shared her opinion on the bullish crypto market. Acheson… Read More

Genesis: Bitcoin’s Volatility is a Feature, not a Bug

Bitcoin started 2022 at around $47,000 but it has been downhill from there. In January, BTC bounced around $33,000 representing a serious haircut for holders that entered the market at the end of 2021. Today, Bitcoin is struggling to regain its crypto-sea legs as it… Read More

Genesis Publishes Q4 Report on Digital Assets: Crypto Lending Tops $50 Billion

Digital asset prime brokerage Genesis published a report on Q4 operations this week. Genesis serves institutional investors and select accredited investors with assets of $10 million or more. According to Genesis, Q4 2021 was its stronger quarter ever with approximately $102 billion in transactional volume…. Read More

Bitcoin Bears are Winning

Bitcoin is tanking. Around the beginning of the year, Bitcoin was trading at over $50,000. Today, BTC has lost a dramatic amount of value trading at under $40,000. While Bitcoin is not alone in its decline (Ethereum has crashed too), BTC is the most popular… Read More

Crypto Prime Broker Genesis Distributes Report on December Activity, Claims Temporary Leverage Shakeoout in Bitcoin

Genesis, a crypto prime brokerage, has published a report covering last month (December 2021). According to Genesis, their perspective shows that Bitcoin acts more like a “risk asset” than an inflation hedge – something many observers frequently ascribe to BTC. The firm said that the… Read More

UK FCA Approves Genesis as Registered Cryptoasset Business

Genesis Custody Limited has been authorized by the UK Financial Conduct Authority (FCA) as a Registered Cryptoasset Business. Genesis is a digital currency prime brokerage. Genesis Custody provides multi-asset cold storage for full custody of client assets. Genisis states that clients’ private keys are fully… Read More

Bitcoin Bounce is Due to these Reasons: Crypto Analyst

Bitcoin, the world’s most popular crypto, is always a bit of a roller-coaster ride. Rocketing higher one week, only to tank the next, Bitcoin is not an asset for the faint of heart. Recently, Bitcoin hit an all-time high of almost $69,000. Within a few… Read More

Don’t Panic: Recent Bitcoin Price Movement Boring Part of Longer Bull: Analyst

While there is plenty of speculation as to why Bitcoin’s recent sideways movement has been happening, it is most likely a simple break in a continued bull market, Genesis head of market insights Noelle Acheson said in a research note this week. With the recent… Read More

Taproot: Noelle Acheson of Genesis Comments on Bitcoin Upgrade

Bitcoin has just completed a soft fork upgrade to the network labeled Taproot. As has been widely reported, Bitcoin will now benefit from an improved ability to incorporate smart contracts and improved privacy of transactions (Schnorr Signatures). Bitcoin, which is pushing new all-time highs (probably… Read More

Facebook Meta Rebrand Reveals Cryptocurrency Investor Sophistication

Facebook’s recent rebranding to Meta (NASD:FB) provides some interesting lessons for cryptocurrency investors, an industry analyst suggests. Genesis’ head of markets Noelle Acheson said Facebook’s pivot to acting as a metaverse company produced an immediate spike in the value of some metaverse platform tokens. MANA,… Read More

Ethereum ETF Fans Should Cool Their Jets: Analyst

While some believe the recent approval of a Bitcoin futures ETF means a similar product for Ethereum is on its way, don’t hold your breath, one analyst predicts. Genesis’ head of market insights Noelle Acheson said the assumptions of a pending approval for an Ethereum… Read More

Low Code and No Code Platform Genesis Introduces Development Environment for Creating Apps for Financial Markets

Genesis, the low-code/no-code platform developed specifically for financial markets, has confirmed the beta launch of Genesis Studio, which is a full-stack no-code builder tool, along with the Genesis Academy pilot education program. Genesis Studio is described as a full-stack no-code development environment for creating real-time… Read More

Will We See a Bitcoin ETF This Year? Maybe…

Recently, SEC Chairman Gary Gensler voiced his opinion that a Bitcoin ETF may provide sufficient investor protection for a fund to move forward with the regulatory process. More specifically, Gensler appeared to support Bitcoin Futures ETFs – and not spot-priced funds. Gensler has long stated… Read More

Chinese Crypto Ban Has Positive Outcomes

While China’s ban on cryptocurrency transactions has had a measurable effect on the markets, it’s not a death knell by any means, one industry watcher said. Earlier this month the People’s Bank of China said all virtual currency-related business activities were illegal, claiming it would… Read More

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