Binance has a controlling stake in the crypto exchange. According to Cointelegraph, the Korea Economic Daily reported that Gopax “owes a total of 70 billion South Korean won ($51.4 million) to its users stemming from exposure to failed institutional crypto lending firm Genesis Global”. Despite Genesis’s downfall in November 2022, the affiliated unpaid digital assets…
Read moreBitcoin cloud mining provider Genesis Mining has announced the launch of what it calls the world’s first Bitcoin mining fund. The fund, which officially filed Form D with the SEC last week will be called Logos Fund and will cater exclusively to high net worth individuals, investment funds, and accredited investors looking to take part…
Read moreThe following guest post is one of a series courtesy of Marco Streng, CEO and Co-founder of Genesis Mining. [divide] The value of Bitcoin has been indisputably volatile since its inception. Rising from only a few cents in 2010 to over $1,200 in 2013 then dropping down to $400 where it has remained for much of…
Read moreThe following guest post is one of a series courtesy of Marco Streng, CEO and Co-founder of Genesis Mining. [divide] The price of Bitcoin is extremely volatile and has been since inception. It is not uncommon for the price to increase or decrease 10%, 20% or even 30% in a single day. From the outside, this…
Read moreThe following guest post is one of a series courtesy of Marco Streng, CEO and Co-founder of Genesis Mining. [divide] In February of 2014, MtGox, the first and largest Bitcoin exchange, filed for bankruptcy. At the time of the bankruptcy it held over $400 million in client funds. At that time MtGox CEO Mark Karpeles declared that…
Read moreIs Bitcoin 'just' a currency and nothing more? And what exactly is Bitcoin 2.0?
Read moreThe following guest post is one of a series courtesy of Marco Streng, CEO and Co-founder of Genesis Mining. — The best way to define Bitcoin is to visualize it as a public ledger. This ledger records every transaction that occurs on the network and every transaction that will ever occur on the network. With limited technical…
Read moreThe following guest post is one of a series courtesy of Marco Streng, CEO and Co-founder of Genesis Mining. – Many people believe that Bitcoin does not have any relevance to real world problems. Yet it does. Bitcoin solves innumerable real world problems. Many of these problems are not obvious to many people in first world countries like…
Read moreThe following guest post is courtesy of Marco Streng, CEO and Co-founder of Genesis Mining. - Bitcoin is too volatile. Bitcoin is too small. Bitcoin is too risky. These are the types of headlines I am reading over and over again every day and have been for the last 4 years. And you know what? They…
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