Genesis Trading

Former CEO of Genesis Trading Michael Moro discusses taking the helm of a new cryptocurrency derivatives exchange called Ankex, will begin with perpetual futures contracts in markets outside the U.S. "The U.S. is currently not really on our regulatory roadmap, it is probably three-plus years away," Moro said. Both Genesis and CoinDesk are owned by Digital Currency Group.

Jul 5, 2023

Cameron Winklevoss, co-founder of the Gemini crypto exchange, tweeted what he described as a "final offer" in the debt-restructuring talks over the bankrupt digital asset firm Genesis, bringing months of negotiations and mediation to a head with a plan for $1.5 billion in forbearance payments and fresh loans. Michael Moro, the former CEO of Genesis Trading, who is now the CEO at crypto derivatives exchange Ankex shares reaction. DCG is the parent company of both Genesis and CoinDesk.

Jul 5, 2023

Michael Moro, the former CEO of Genesis Trading, is taking the helm of a new crypto derivatives exchange called Ankex, which was incubated within crypto custody tech firm Qredo. Ankex CEO Michael Moro shares insights into the new venture. Plus, Moro's reaction to the latest debt-restructuring talks over the bankrupt crypto firm Genesis. Genesis and CoinDesk both operate under Digital Currency Group.

Jul 5, 2023

Bitcoin (BTC) is down for a third straight day on Friday, falling roughly 9% in the last seven days. Crypto is Macro Now economist Noelle Acheson explains the drawback, saying, "everything seems to be in a wait and hold mood...[and] it's especially noticeable in the volatility of crypto assets." Acheson is also the former head of research at CoinDesk and Genesis Trading.

Apr 21, 2023

Bitcoin (BTC) is falling for the third straight day, touching a 24-hour low of $27,844.46, before rebounding slightly. The largest cryptocurrency by market capitalization has dropped roughly 9% in the last week. Crypto is Macro Now economist Noelle Acheson joins "First Mover" to weigh in on some of the catalysts behind the latest price movement. Acheson also discusses the latest crypto regulation developments out of Europe. Acheson is the former head of research at CoinDesk and Genesis Trading.

Apr 21, 2023

Bitcoin (BTC) is trading above $17,000 as investors are watching the uncertainty unfold with DCG and Genesis Trading. IDX Digital Assets CIO Ben McMillan provides his markets analysis, saying, "this is a very thinly traded market so it doesn't take a lot to move the price up."

Jan 10, 2023

Crypto exchange Gemini is being sued by investors over the sale of its interest-earning crypto products. The filing says Gemini abruptly halted the program around Nov. 16 after crypto exchange FTX filed for bankruptcy and contagion from its fall caused a liquidity crisis at Genesis Trading, which functioned as Gemini's borrower. Genesis is owned by Digital Currency Group, which is also the parent of CoinDesk.

Dec 28, 2022

Customers whose money is locked up on trading and lending platform Genesis and who have taken legal advice on the matter currently account for some $1.8 billion of loans, according to a CoinDesk source familiar with the situation. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details. Genesis and CoinDesk are both owned by the Digital Currency Group.

Dec 5, 2022

Finance

Grayscale said that "Genesis Global Capital is not a counterparty or service provider for any Grayscale product."

By Jamie CrawleyNov 16, 2022

Finance

Around 10 employees left the Connecticut-based firm, bringing its headcount to 66.

By Jamie CrawleyNov 2, 2022