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On this episode of Swan Signal, Sam sits down with Vijay Boyapati to discuss the alleged fraud of DCG, Genesis, and their leaders Barry Silbert and Michael Moro, its impact on the likelihood of GBTC converting to a spot Bitcoin ETF, and major lessons investors can learn from the debacle.Timestamps:00:00:00 “Swan Signal” Intro00:02:10 Introducing Vijay Boyapati00:02:53 Daisy-Chain of Fraud: Story of DCG and Genisis00:06:42 History of Barry Silbert, DCG, and Gemini00:13:30 Risks of Leverage: Where Did They Get the Money From?00:19:06 Incentive Structures: What led Three Arrows Capital to Blowing Up?00:25:55 History of “3 Arrows Capital” Going Bankrupt00:37:22 Similarities Between “DCG, Three Arrows Capital” and “FTX”00:41:20 Why Didn't Genesis Declare Bankruptcy?00:43:15 Potential Legal Woes for Barry Silbert, Genesis, and DCG00:46:30 “Moral Compass”00:48:12 Redemption Methods and the Importance of Self-Custody00:53:11 Should the SEC Convert the “Greyscale ETF?”00:58:45 Loans from the “Gemini Earn Program”01:00:22 End of the “Daisy-Chain”01:05:34 “3 Key Takeaways” From the DCG/Genesis Fraud01:07:33 How to Connect with Vijay Boyapati01:08:04 “Swan Signal” OutroConnect with Vijay and Sam:Sam Callahan: https://twitter.com/samcallahVijay Boyapati: https://twitter.com/real_vijayLink to Vijay Thread:https://twitter.com/real_vijay/status/1721385528510251182Connect with Swan Bitcoin: YouTube: https://youtube.com/@Swan_Bitcoin Twitter: https://twitter.com/Swan Instagram: https://instagram.com/SwanBitcoin Telegram: https://t.me/swanbitcoin LinkedIn: https://linkedin.com/company/swanbitcoinSwan Bitcoin does not provide any investment, financial, tax, legal or other professional advice. We recommend that you consult with financial and tax advisors to understand the risks and consequences of buying, selling and holding Bitcoin. Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Start your Bitcoin journey today, and your first $10 purchase is on us https://swanbitcoin.com/yt Download the all-new Swan Bitcoin App https://www.swanbitcoin.com/app/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Get your ticket for the Pacific Bitcoin Festival 2023 before prices increase! https://www.pacificbitcoin.com/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Secure your bright orange future with the Swan IRA today! Real Bitcoin, no taxes https://www.swanbitcoin.com/bitcoin-ira/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description For high-net-worth individuals and corporations seeking to build generational wealth with Bitcoin, Swan Private is your guide https://www.swanbitcoin.com/private/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Want to learn more about Bitcoin? Check out the Bitcoin Canon a curated list of the best Bitcoin resources from your favorite experts https://swanbitcoin.com/cannon/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Get paid to recruit new Bitcoiners by joining Swan Force https://www.swanbitcoin.com/enlist/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description
NLW explains the latest moves from the SEC. Is their dropping of their case against Ripple Execs as bullish as it seems -- or is it just them gearing up for a different fight? Plus, NYAG sues Gemini, Genesis, DCG, Barry Silbert and Michael Moro. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW
What do Michael Saylor, Jesse Powell, Michael Moro, Sam Trabucco, Brett Harrison and Alex Mashinsky have in common? If you said they're dudes who used to be crypto CEOs and suddenly weren't anymore, you'd also be correct. This crypto winter has seen a string of high-profile exits from the C-suite. But what's driving all this activity? Is it Bitcoin prices falling more than 50%? Is it the bankruptcy filings? Is it the SEC breathing down your neck? Is it the wanting to spend more time with your yacht in the Bahamas? Perhaps even all of these at once. For more on this succession-level crypto drama, this episode features Bloomberg reporter Yueqi Yang and Deepali Vyas, Executive Search Recruiter at global consulting firm Korn Ferry.See omnystudio.com/listener for privacy information.
Los legisladores de la UE buscan limitar las tenencias de Bitcoin de los bancos Banco Galicia incluye a bitcoin entre sus productos de inversión El CEO de Genesis, Michael Moro, deja su cargo con efecto inmediato Bitcoin cae mientras los analistas temen que la Fed acabe con las esperanzas de una relajación en 2023 El fundador de BitConnect ahora también es buscado en India Celsius obtiene autorización para vender Bitcoin extraído para pagar operaciones https://www.coindesk.com/policy/2022/08/17/eu-lawmakers-seek-to-cap-banks-bitcoin-holdings/ https://www.criptonoticias.com/negocios/banco-galicia-incluye-bitcoin-ethereum-productos-inversion/ https://www.theblock.co/post/164014/genesis-ceo-michael-moro-steps-down-from-role-effective-immediately https://www.coindesk.com/markets/2022/08/17/bitcoin-ether-drop-as-analysts-fear-fed-minutes-will-dash-hopes-for-2023-easing/ https://www.coindesk.com/policy/2022/08/17/fugitive-bitconnect-founder-kumbhani-indicted-in-us-is-now-wanted-in-india-too/ https://decrypt.co/107625/celsius-gets-approval-sell-mined-bitcoin-pay-operations A mediodía de hoy el precio de Bitcoin es 23 mil dólares, con una variación a la baja en 24 horas del 1% El Hashrate es 206 Exahashes por segundo Sigue a Satoshi en Venezuela en Redes Sociales: Twitter: https://twitter.com/satoshienvzla Instagram: https://instagram.com/satoshienvzla Únete a nuestro canal de Telegram: https://t.me/satoshienvenezuela
How are institutions currently approaching Bitcoin? No one better to answer that question than Michael Moro (@michaelmoro), the CEO of Genesis Trading / Genesis Capital. Genesis is a global leader in institutional asset trading, lending, derivatives, custody and prime brokerage services. Michael joins us today to talk about Bitcoin's infrastructure, the “Bitcoin to Zero” narrative (and whether or not it still exists), the trader cycle, and why he's excited for what's to come. JOIN THE FREE WOLF DEN NEWSLETTER
Michael Moro is the CEO of Genesis Global Trading. In this conversation, we discuss why corporations are putting bitcoin on their balance sheets, how they execute the transactions, what the accounting considerations are, and how this trend will evolve in the future. ======================= Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle is also a principal developer of USD Coin (USDC), the fastest growing, fully reserved and regulated dollar stablecoin in the world. The free Circle Account and suite of platform API services bridge the gap between traditional payments and crypto for trading, DeFi, and NFT marketplaces. Create seamless, user-friendly, mainstream customer experiences with crypto-native infrastructure under the hood with Circle. Learn more at circle.com ======================= Exodus is an absolute game changer in the crypto wallet space, and we've teamed up to offer an exclusive discount for you, as listeners of the podcast. Sign up for Exodus today using my promo code Exodus.com/pomp. This is a no brainer for both newcomers and crypto heavyweights - go sign up today. ======================= Public Rec is on a mission to make comfort look good. Their fan-favorite Flex Short is the ultimate crossover short you'll need all summer long. From the beach to the gym, this quick-drying short has you covered. Comfort starts with a better fit. Free shipping. Free returns. Visit www.publicrec.com/pomp and use POMP at checkout for 10% off!
Michael Moro remembers when Bitcoin felt like it could go to $0. We talked about the transition from that to corporations buying $8 billion in BTC in a quarter, the time he was forced to spend a bitcoin on a case of wine, and the rise of Genesis. ––– LUKKA Minimize your crypto taxes and maximize your refund with Lukka Essentials. Dozens of exchange APIs and hundreds of mapped file formats makes it easy to upload your transaction history. With no limits on exchanges or transaction count, file your 2020 taxes for just $19.95 whether you have 10 transactions or 1 million. Go to http://tax.lukka.tech/empire to sign up and generate 2020 tax forms today. ––– EXODUS Download the app today at http://exodus.com/empire and iOS users can buy up to $500 in Bitcoin for just $1 for a limited time. ––– Empire is brought to you by Blockworks, a financial media brand delivering breaking news and premium insights about digital assets to millions of investors. For more content like Empire, visit http://blockworks.co/podcasts. Follow me on Twitter @JasonYanowitz and let me know what you thought of the show!
Unconfirmed: Insights and Analysis From the Top Minds in Crypto
Michael Moro, CEO of Genesis Global, discusses Tesla’s purchase of $1.5 billion in bitcoin and Genesis’s new unit: Genesis Treasury. He also talks about how demand has shaped Genesis’ bitcoin and crypto offerings over the years, which events have acted as catalysts for institutional demand, and what Genesis is expecting in 2021. In this episode Michael covers: The significance of Tesla allocating $1.5 billion to BTC (1:08) How Tesla’s purchase is a result of the evolution of the asset class and why this is just the beginning How Genesis got its start as a regulated BTC trading desk in 2013 (2:56) What new products and services Genesis has launched since 2018 to meet institutional demand (6:11) How Genesis came to launch Genesis Treasury and what this unit does (8:00) Understanding the idea of bitcoin as a corporate treasury asset and how the stock market is rewarding companies for getting into crypto What the catalysts were in creating corporate demand for bitcoin and where corporate demand for bitcoin is coming from (10:52) How corporate interest in bitcoin correlated with Microstrategy’s Bitcoin for Corporations event (13:16) Why institutions have been interested in Bitcoin as collateral, and why that narrative is new How the conversation with institutions interested in buying bitcoin would be different in a bear market (16:00) How GAAP accounting rules affect the quarterly earnings reports of publicly traded companies that hold bitcoin (19:03 ) His projections for how 2021 in crypto will play out (21:44) Thank you to our sponsors! Crypto.com: http://crypto.com The Sun Exchange: http://thesunexchange.com/unconfirmed Episode links: Michael Moro: https://twitter.com/michaelmoro Genesis: https://genesis.global/ Genesis Treasury: https://genesistrading.com/treasury/ Recent institutional purchasing news: Tesla’s BTC purchase: https://www.cnbc.com/amp/2021/02/08/bitcoin-surges-above-43000-to-a-record-after-elon-musks-tesla-buys-1point5-billion.html Twitter’s CFO considers Bitcoin: https://www.theblockcrypto.com/linked/94459/twitter-cfo-bitcoin-btc-balance-sheet-comments Microstrategy’s Bitcoin for Corporations event: https://www.microstrategy.com/en/bitcoin/videos/bitcoin-macro-strategy Michael Saylor’s Unchained interview: https://unchainedpodcast.com/why-bitcoin-now-michael-saylor-on-the-best-way-for-companies-to-buy-bitcoin/ Companies holding bitcoin: https://bitcointreasuries.org/ Genesis information: Michael Moro’s presentation at Microstrategy’s event: https://www.microstrategy.com/en/bitcoin/videos/genesis Genesis Global background: https://f.hubspotusercontent00.net/hubfs/6024551/About%20-%20Genesis%20Global/About%20Genesis%20Global%20-%20Full%20Overview.pdf Prime Brokerage Services: https://f.hubspotusercontent00.net/hubfs/6024551/About%20-%20Genesis%20Prime/About%20Genesis%20Prime%20-%20Full%20Overview.pdf Q4 market observations: https://f.hubspotusercontent00.net/hubfs/6024551/About%20-%20Genesis%20Prime/About%20Genesis%20Prime%20-%20Full%20Overview.pdf Miscellaneous: Crypto and GAAP accounting : https://www.forbes.com/sites/shehanchandrasekera/2020/05/21/how-are-cryptocurrencies-classified-in-gaap-financials/?sh=40ed4f9865b2 Coin Metrics report on institutional investing: https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-330 Link to the Crypto News Recap: https://unchainedpodcast.com/41-trillion-in-aum/
Nic and Matt cover a tumultuous week in the crypto markets. In this episode: We investigate the Dollar Milkshake Theory BitPanda raises $52m Genesis announces the official launch of their custody product Our breakdown of the BitMEX situation Where the BitMEX situation leaves the remaining offshore crypto exchanges The prospects for users who currently have funds on BitMEX How the BitMEX lawsuit potentially improves the prospects for a Bitcoin ETF Whether BitMEX was a source of sell pressure for Bitcoin Where BitMEX leaves decentralized exchanges The SEC obtains a summary judgment over Kik Why the SALT lending settlement with the SEC signals a shift in the SEC's attitude with regards to tokens CommerceBlock converts their token into equity into a UK company Talos Trading comes out of stealth mode The biggest remaining systemic risk that the crypto industry faces
//Coinscrum Markets Ep010 Segment - In Conversation with Michael Moro from Genesis Trading //Read on Coinscrum Website www.coinscrum.com or watch the video version on our Youtube Channel. //Follow our Social Media:: www.linkedin.com/company/coinscrum www.twitter.com/coinscrum www.facebook.com/Coinscrum //Join our Facebook Community:: https://www.facebook.com/groups/Coinscrum //Our sponsors:: Buy & HODL BTC/ETH/LTC/XRP on Luno - http://www.coinscrum.com/luno-exchange/ Earn up to 8% interest with Blockfi - http://www.coinscrum.com/blockfi-earn-interest/ Analyse on-chain data at ByteTree - http://www.coinscrum.com/bytetree-terminal/ Get a Custodian Wallet at Trustology - http://www.coinscrum.com/custodian-wallet/
Volatility: Friend or Foe? Some traders and fund managers thrive on volatility – others believe the potential returns are not worth the risk.This episode is sponsored by Bitstamp and Ciphertrace.CoinDesk’s Galen Moore talks to experienced fund managers and traders Michael Moro, CEO of Genesis Global Trading, and YinFeng Shao, CEO of Reciprocity Trading, about why they trade crypto, how they mitigate the risk and how they deal with the stress.Volatility “is more of a feature than a bug” of crypto, Moro said. “It comes down to expected volatility. What did you expect coming into this asset class, versus what did you actually get.” Considering Bitcoin’s 11 years of existence, volatility shouldn’t catch people off guard.“In a properly allocated portfolio construction… the volatility plays into why investors are certainly interested,” Moro said.
The cryptocurrency market continues to exhibit signs of volatility. As such, Genesis Global Trading – an institutional over-the-counter cryptocurrency trading and lending firm – decided to hit the pause button on credit extension amidst the coronavirus-tied market chaos. Recently, Genesis has started to extend credit on a client-by-client basis but is acting gingerly in the market it helped pioneer – at least for a few weeks to figure out where the crypto credit market stands. Moreover, while Genesis pulls back, its rivals have been willing to give out loans at significantly reduced collateral. In this episode of the Scoop, Genesis CEO Michael Moro discusses the firm's rationale behind these critical decisions, a recent phone call it received from its regulator FINRA, and how the need for employees to work remotely has impacted its business. Episode 11 of Season 2 of The Scoop was recorded remotely with Frank Chaparro, Ryan Todd and Michael Moro, CEO at of Genesis Global Trading and Genesis Capital. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Play, Stitcher, or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com
In this episode of The Scoop, Frank Chaparro and Ryan Todd interview Michael Moro, Chief Executive Officer at Genesis Trading / Genesis Capital. Genesis Trading is a Digital Currency Group company providing over the counter digital currency trading for high net worth individuals or institutions. In their conversation, Frank, Ryan, and Michael discuss legacy OTC firms adoption of crypto, the challenges of handling big alt-coin transactions, and how crypto lending markets are heating up. For the transcript and additional reading materials: https://www.theblockcrypto.com/2019/05/07/a-conversation-with-michael-moro-ceo-of-genesis-global-trading/
It used to be that bitcoin was just for quirky libertarian computer scientists but somehow the virus has spread gradually into big money. How something that was never advertised goes from nothing to over $100 billion market cap in 10 years and ushers in an entirely new digital currency asset class is mind-boggling to me. So, it is particularly interesting to people who watched it happen. Michael Moro has been involved with bitcoin trading before the infamous Mount Gox hack and has watched it mature to where it is today. In this episode, he will take us on that journey and use that perspective on the future of institutional interest in cryptocurrency. Shownotes: What caused the bitcoin cash fork problem? hashing power’s effect on price Michael Moro and Genesis When did the institutional money come in? What is Genesis about? The benefit of over-the-counter trading platforms The new Genesis Capital: a lending platform More on Michael Moro Genesistrading.com Genesiscap.co
Micheal Moro is the CEO of Genesis Trading, a FINRA registered broker dealer providing liquidity for institutions in the crypto space. Michael previously worked at SecondMarket and Citi. In this conversation, Anthony and Michael cover crypto market infrastrucutre, how Genesis grew so quickly, what OTC trading is, and when institutional money will enter the market.
Today’s Coin Gamma Podcast guest is Michael Moro, CEO of Genesis Trading and Genesis Capital. Genesis is an over the counter (OTC) digital currency trading platform for institutional buyers and sellers, and also high net worth individuals. They make buying and selling large blocks of digital currency a simple, secure and supportive process. They offer deep pools of liquidity, 24/7 trading, and same-day settlement since the company’s inception. Prior to Genesis, Michael worked at CitiGroup as well as SecondMarket, Inc. Listen in on our awesome convo on his journey into crypto, his current leading role in the space, and what is keeping institutional capital from coming into the digital asset space. This podcast is brought to by....… Coin Gamma. If you are looking for help with your blockchain strategy, need blockchain engineering help to create a dapp, or want help growth hacking your blockchain related business (STO or ICO included), get in touch: fritz@coingamma.com Show notes 01:11 - Michael Moro intro 02:09 - What SecondMarket, Inc. did, and transitioning from SecondMarket, Inc. into trading crypto. 03:19 - Michael discovering Bitcoin. 03:45 - Trading derivatives at SecondMarket, Inc. 03:57 - Genesis Trading's focus on institutions. 05:17 - Michael's view on the growth and speculated future growth of institutional interest in crypto. 06:12 - What has kept institutions away from crypto. 08:25 - Genesis Trading's post-trade settlement basis during trades. 09:36 - Genesis Trading's client base. 10:17 - East-Asia based crypto markets Vs US-based crypto markets in terms of advanced trading. 11:35 - Genesis Capital: The lending service of Genesis Trading. 13:17 - Coming up with the borrow rates. 15:05 - The impact of the introduction of Bitcoin futures. 17:22 - The potential expansion of futures to other underlying assets. 18:18 - How Genesis Trading chooses what clients to support 20:12 - Other projects that Michael finds interesting. Connect with Michael and Genesis Trading Genesis Trading Website: www.genesistrading.com Genesis Twitter: @GenesisTrading Michael’s Twitter: @michaelmoro Connect with Coin Gamma Website: www.coingamma.com Twitter: @coingamma
This talk is from a panel I led on infrastructure in the crypto space at the Time Summit, by Bridge Alternatives, featuring Kayvon Pirestani of director of institutional sales at GDAX, Tim McCourt, CME Group's managing director and global head of equity products and alternative investments, Michael Moro, CEO of Genesis Trading and Genesis Capital, and Hu Liang, founder and CEO of Omniex. We discussed what infrastructure tools need to be built to get institutional players comfortable with the space, how custodying a digital asset differs from custodying a traditional asset, why they can see institutional players dealing in stablecoins and trading on decentralized exchanges at some point in the future, and what needs to be built out in terms of trading infrastructure for institutional players. (Hint: it turns out Excel and Google Sheets are the biggest competitors for crypto trading infrastructure services.) We also talk about the challenges of building out infrastructure for trading that can suddenly double or quadruple in volume and for a market that runs 24/7/365. Thank you to Bridge Alternatives and the Time Summit for the panel! https://www.bridgealternatives.com/ https://timesummit.org/ Kayvon Pirestani: https://timesummit.org/2018/03/19/kayvon-pirestani/ Michael Moro: https://timesummit.org/2018/04/21/michael-moro/ Tim McCourt: https://timesummit.org/2018/03/15/tim-mccourt/ Hu Liang: https://timesummit.org/2018/03/23/hu-liang/ The episode with Mike Belshe where we discuss custodying digital assets and qualified custodians: http://unchainedpodcast.co/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future Thank you to our sponsors! Quantstamp: https://quantstamp.com/ Ethereal Summit: https://etherealsummit.com/
This talk is from a panel I led on infrastructure in the crypto space at the Time Summit, by Bridge Alternatives, featuring Kayvon Pirestani of director of institutional sales at GDAX, Tim McCourt, CME Group’s managing director and global head of equity products and alternative investments, Michael Moro, CEO of Genesis Trading and Genesis Capital, and Hu Liang, founder and CEO of Omniex. We discussed what infrastructure tools need to be built to get institutional players comfortable with the space, how custodying a digital asset differs from custodying a traditional asset, why they can see institutional players dealing in stablecoins and trading on decentralized exchanges at some point in the future, and what needs to be built out in terms of trading infrastructure for institutional players. (Hint: it turns out Excel and Google Sheets are the biggest competitors for crypto trading infrastructure services.) We also talk about the challenges of building out infrastructure for trading that can suddenly double or quadruple in volume and for a market that runs 24/7/365. Thank you to Bridge Alternatives and the Time Summit for the panel! https://www.bridgealternatives.com/ https://timesummit.org/ Kayvon Pirestani: https://timesummit.org/2018/03/19/kayvon-pirestani/ Michael Moro: https://timesummit.org/2018/04/21/michael-moro/ Tim McCourt: https://timesummit.org/2018/03/15/tim-mccourt/ Hu Liang: https://timesummit.org/2018/03/23/hu-liang/ The episode with Mike Belshe where we discuss custodying digital assets and qualified custodians: http://unchainedpodcast.co/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future Thank you to our sponsors! Quantstamp: https://quantstamp.com/ Ethereal Summit: https://etherealsummit.com/