Genesis Global Trading to Launch Crypto Lending

A market maker set up a lending business, that will allow investors and businesses to borrow cryptocurrencies
01 March 2018   563

Genesis Global Trading Inc., a big institutional market maker for digital currencies announced the launch of Genesis Global Capital – Institutional Digital Currency Lending.

Global Capital will allow investors and businesses to borrow cryptocurrencies in quantities of $100,000 or more for two weeks up to six months. The currency of loans will be in bitcoin, ether, ether classic, XRP, bitcoin cash, zcash, and etc.

According to a press release, the lending service will increase general liquidity in the marketplace, encourage new financial institutions to participate in a two-sided market and increase the working capital that companies use to scale their cryptocurrency-centric businesses.

Global Capital suggest investors to use the company’s lending capacity to hedge total portfolio risk or take speculative short positions or for other cases.

Some companies, such as BlockTower Capital and DV Chain are already interested in the lending service.

The majority of trading volume in several cryptocurrencies is denominated in bitcoin, which has created a need for a bitcoin lending market.

Garrett See

DV Chain CEO

Ebang to Unveil New BTC Mining Devices

As reported, 10-nm process technology based Ebang E11 miners can reach 44 TH/s performance
25 September 2018   124

The Chinese manufacturer of mining equipment Ebang Communication revealed details about the new line of E11 devices, CCN reports.

At World Digital Mining in Tbilisi, the company introduced three new devices. Based on the 10-nm process technology Ebang E11 miners can reach 44 TH / s. According to the information on the company's website, new miners will go on sale in the near future.

Ebang Mining Devices
Ebang Mining Devices

On the advertising pic there are new devices: E11 (30TH / s), E11 + (37TH / s) and the most powerful E11 ++ (44TH / s)

Main competitor of Ebang - Bitmain - had introduced a high-performance chip BM1391 last week based on 7nm process technology. It is noteworthy that the device E11 ++ from Ebang in its effectiveness exceeds the flagship chip from Bitmain only 2J / TH.

The first information about the new line of miners from Ebang appeared in August.