(Bloomberg) -- Genesis will no longer offer cryptocurrency trading services through any of its business entities after halting spot and derivatives transactions through GGC International Ltd. Most Read from Bloomberg Caesars Entertainment Paid Millions to Hackers in Attack Video-Game Company Unity Closes Offices Following Death Threat When the Homeowners Association Comes for Your Home Disney Holds Initial Talks on Sale of ABC to Local Broadcaster Nexstar Chip Designer Arm Jumps 25% in Debut...

(Bloomberg) -- Genesis Global Trading, an affiliate of Barry Silbert’s Digital Currency Group, will wind down its spot trading crypto trading service as of Sept. 18 for “business reasons.” Most Read from Bloomberg China Slowdown Means It May Never Overtake US Economy, Forecast Shows Huawei Teardown Shows Chip Breakthrough in Blow to US Sanctions Return-to-Office Is a $1.3 Trillion Problem Few Have Figured Out Billion-Dollar Corporate Bond Deals Hit Treasuries: Markets Wrap United Airlines...

New type of bots make it easier to trade less-known crypto Possible vulnerabilities around security, privacy create risks Before it’s here, it’s on the Bloomberg Terminal LEARN MORE This year’s rebound in cryptocurrencies is turning messaging platform Telegram into an unlikely marketplace for small traders fearful of missing out on the rally. A new generation of trading bots, built mainly by anonymous developers, have become favorites among traders seeking to gain access to the wild west of...

An anonymous trader linked to a digital wallet labeled “jaredfromsubway.eth” has become the talk of the decentralized finance world the last few days after racking up both big fees and profits through a strategy known as sandwich attacks. The wallet for the so-called trading bot operator is a play on name of the disgraced former spokesman for the US restaurant chain. In the sandwich maneuver, a trader places on order for a token on a DeFi app. Before the order is executed, a bot can snap up...

T. Rowe Price Associates is among a group of Wall Street firms to test drive a new version of the Avalanche blockchain in a renewed push to explore how the technology could make financial transactions more efficient. The firm, along with Cumberland, WisdomTree Inc. and Wellington Management Group LLC, will start experimenting with financial trade execution and settlement on the blockchain with a new application called Spruce, according to a press release. The moves follow similar ones by KKR...