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An array of fund issuers and investment firms have tried to bring bitcoin exchange traded funds to market, and each and every one of those proposals was turned back by the Securities and Exchange Commission.  What Happened: Some issuers aren't giving up. VanEck, which previously attempted to bring a bitcoin ETF to market, filed plans with the SEC for the VanEck Bitcoin Trust. If the fund comes to life, and that is a big "if" for now, it would trade on the CBOE. “The Trust’s investment objective is to reflect the performance of the MVIS CryptoCompare Bitcoin Benchmark Rate less the expe...

Quick Take Wirex will not include XRP in a US version of the app when it launches in January. Ziglu has decided to suspend XRP trading as of January 12 A handful of crypto wallet firms in the UK are contemplating whether to prevent millions of customers from trading XRP. Subscribe to The Block to Unlock this Feature

Reading Time: 2 minutes by Dalmas Ngetich on December 24, 2020 Ethereum The cumulative transactional volume of all stablecoins across different blockchains have surpassed the $1 trillion mark in 2020 alone, USDT and Ethereum Command Market Share Out of this, the USDT issued by Tether Limited is the most dominant with a market share of 73 percent followed by USDC and DAI with a market share of 15 and seven percent, respectively. However, Ethereum has a commanding lead as a dominant chain where most stablecoin volumes were registered. Out of the $1 trillion, 83.5 percent were moved in the...

December 23, 2020, 10:14PM EST  ·  3 min read The price of XRP has been in a tailspin since news broke that the Securities and Exchange Commission would sue Ripple for conducting an initial coin offering of the digital asset.  In the wake of the suit, which Ripple has described as an affront to the entire cryptocurrency market, a number of firms have begun cutting services tied to XRP, which Ripple has tried for years to get banks to adopt. The suit was released just a day before SEC chairman Jay Clayton announced he would resign. Now, a former commissioner of the regulator is crying foul...

December 23, 2020, 5:30PM EST  ·  1 min read The White House has released a statement on regulatory considerations for stablecoins — and it includes the potential for limitations on "multi-currency stablecoins." The statement comes from the President's Working Group on Financial Markets, which is a Treasury-centric working group that makes recommendations to the president and federal regulators.  The group highlighted the importance of anti-money laundering and counter financial terrorism measures, including on-chain know-your-customer (KYC) verification among all parties, even unhoste...