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…
The Realistic Trader Community is the perfect place for newbies and existing Traders to learn how to trade PROPERLY and actually make profits. This is done by:
– A Discord server where you can mingle with everyone else and get your questions answered.
– A Telegram channel where Siam shares every single move in real time and more!
– A mentor live Q &A session every Tuesday.
– A live Q &A by Siam every Thursday on his Trading Pubs.
– A quarterly live meet up with 200+ Traders with a day of packed content and then a big party during the night!
Siam has made millions from the markets (not by community subscriptions) and he this community has made hundreds of thousands in profits by following his moves.
Check it out: https://www.therealistictrader.com/the-rt-community
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
– Proper Introduction to Crypto Exchanges: youtube.com/watch?v=91f-QNSmzrA
– 3 Things You Should Never Do on a Crypto Exchange: youtu.be/pgZP-voLGpE
– 5 Things Crypto Exchanges Don’t Want You to Know: youtu.be/_VcdEovm8u8
– 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
– Why is DeFi the Hottest Topic in Crypto?: youtu.be/mqdD_2rX4-0
– 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!
Best Deals in Crypto https://www.coinbureau.com/deals/
Insider Info in my Socials https://guy.coinbureau.com/socials/
My Merch Store https://store.coinbureau.com/
TOP Crypto TIPS In My Newsletter https://guy.coinbureau.com/signup/
DCG & Genesis Market Risks https://www.youtube.com/watch?v=1lNUCWw7pkk
⛓️ 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
– TIMESTAMPS –
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
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