Genesis Block to shutter trading portal amid FTX fallout
Genesis Block to shutter trading portal amid FTX fallout
Genesis Block, a Honk Kong based cryptocurrency retail service, has told its customers it will be closing its over-the-counter trading portal on the 10th of December 2023. This is being seen as part of the wider fallout from FTX’s collapse and proceeding bankruptcy filing last week.
FTX Fallout: What Sectors Could Benefit?
Bitcoin (BTC) is trading steadily at the $16,000 level as inflation shows signs of easing. Opimas CEO and founder Octavio Marenzi joins “First Mover” to discuss whether bitcoin has hit bottom following FTX’s collapse and which players could benefit from the crypto exchange’s fallout.
Genesis could be a LOT worse than FTX…
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No Bankruptcy For Genesis? SBF Thinks You’re Stupid
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Video Suggestions for Beginners to Crypto:
– When did Crypto Start?: youtu.be/rd5gv6X70ew
– Why Bitcoin?: youtu.be/GVwWwWUj3NU
– 3 Mistakes to Avoid When Storing Cryptos: https://www.youtube.com/watch?v=rhhu3Uh8iHE
– If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
– Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
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– 3 Things You Should Never Do on a Crypto Exchange: youtu.be/pgZP-voLGpE
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– My Recommendations for Centralized Exchanges: youtu.be/kCYj2tdYufE
– My Recommendations for Decentralized Exchanges (DEX): youtu.be/AMsp3knAfBs
– Calling Out Fake DEXs: youtu.be/h_cZyGqjKrs
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– Without This, Crypto Won’t Survive: youtu.be/Jg-zk_Nhpq0
– How To Use the Most Popular Privacy Coins: youtu.be/WLckSKzFp
Crypto’s MASSIVE Hidden Risk: DCG, Genesis & Gemini Updates!
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�� Useful Vids ��
DCG & Genesis Market Risks �� https://www.youtube.com/watch?v=1lNUCWw7pkk
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⛓️ �� Useful Links �� ⛓️
Cameron Letter 1: https://twitter.com/cameron/status/1609913051427524608
Cameron Letter 2: https://twitter.com/cameron/status/1612806661508567042
Barry Letter: https://dcgupdate.com/
Justin Sun Makes Offer: https://www.reuters.com/technology/crypto-investor-justin-sun-says-willing-spend-up-1-bln-dcg-assets-2023-01-13/
Valkyrie Offers: https://cryptoslate.com/valkyrie-aims-to-rescue-grayscales-bitcoin-trust/
3AC Daisy Chain: https://datafinnovation.medium.com/3ac-dcg-amazing-coincidences-c14eec941c06
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– TIMESTAMPS –
0:00 Intro
0:41 Some Background
4:30 The 3AC GBTC Trade
9:46 A Trade Unwinds
13:09 Questionable Accounting
17:22 DCG Responds
20:23 Implications for Future
24:11 Outro
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�� Disclaimer ��
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Grayscale #Genesis #GBTC #Crypto