Tagged: genesis global trading

Superintendent Harris Announces $8M Penalty Against Genesis Global Trading After NYDFS Investigation Finds Failings in AML, Cybersecurity, Firm to Surrender BitLicense

New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris has announced that Genesis Global Trading, Inc. will “pay an $8 million penalty to New York State for compliance failures that violated DFS’s virtual currency and cybersecurity regulations and left the company vulnerable… 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

First Bitcoin ETF Trades this Week

After an extended wait for financial services firms attempting to launch an exchange-traded fund (ETF) based on Bitcoin, the very first Bitcoin ETF is expected to trade tomorrow on the New York Stock Exchange (NYSE). Last week, it was revealed that ProShares Bitcoin Strategy ETF… Read More

Digital Asset Lending: Fireblocks Integrates with Largest DeFi Lending Network

Fireblocks, a digital asset platform for institutions, has integrated with Compound (compound.finance), a Decentralized Finance (DeFi) lending platform with $163M in interest-earning assets across 8 markets, according to a company release. Compound is backed by investors including a16z Crypto, Coinbase, Paradigm, and Polychain. Fireblocks claims… Read More

BitGo Partners With Genesis Global Trading to Provide Clients With Trade Digital Asset Abilities

Blockchain software firm BitGo announced on Wednesday it has formed a partnership with Genesis Global Trading, an over-the-counter digital currency trading firm, to provide clients with the ability to trade digital assets directly from BitGo custody. BitGo reported that through the integration BitGo Trust clients may easily execute… Read More

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