Genesis Global Trading, a U.S.-focused spot crypto trading business, will shut down its over-the-counter trading platform on Sept. 18. In an email sent to clients, the company stated that all trades must be settled by Sept. 21, and all remaining open accounts will be closed...
It’s been a choppy start to the new year for the crypto industry. This, as millions of customers are out of their entrusted money and thousands are out of a job as a waves of alleged fraud, market contractions, regulatory scrutiny and company downsizing continue...
Binance has resumed crypto deposits and withdrawals in Brazilian reals using Pix, the government payment system, as of this week, Coindesk wrote Wednesday (July 6). The company had suspended them through Pix after cutting a partnership with Capitual, the local payment gateway that ran Binance’s...
Short sellers have been betting against the stablecoin Tether, which a Wall Street Journal report notes has a price that shouldn’t move. But firms such as Fir Tree Partners and Viceroy Research put substantial bets on the guess that Tether’s price will fall. The short...
January 12, 2024
The New York State Department of Financial Services (DFS) has announced that Genesis Global Trading will pay an $8 million penalty to the state and surrender its BitLicense. These moves come after a DFS investigation found “significant” failings in the company’s anti-money laundering (AML) and cybersecurity programs, the regulator said in a Friday (Jan. 12) press release. The enforcement investigation […]
July 06, 2022
Binance has resumed crypto deposits and withdrawals in Brazilian reals using Pix, the government payment system, as of this week, Coindesk wrote Wednesday (July 6). The company had suspended them...
April 03, 2022
Short sellers have been betting against the stablecoin Tether, which a Wall Street Journal report notes has a price that shouldn’t move. But firms such as Fir Tree Partners and...
