The Defiant is required reading about DeFi these days. How did “one more Bloomberg journalist” become a successful media entrepreneur and influencer?
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Author: Jeff Wilser
Quick Take
- Early numbers suggest that centralized entities such as crypto exchanges could dominate staking on the Eth2 network.
- While Eth2 developers acknowledge that is a concern, particularly in the short term, in the long-term they aren’t too worried.
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Author: Yogita Khatri
The donation from a group headlined by NEAR, Solana and Celo comes in addition to $300,000 raised via Gitcoin.
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Author: Zack Voell
The SEC’s broker-dealer guidance was generally welcomed as a step in the right direction by industry players.
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Author: Nikhilesh De
Respondents to The Block Research’s 2021 Digital Asset Outlook survey appear bullish on the prospects of a bitcoin exchange-traded fund (ETF) approval next year.
Per the results, 37.8% of participants agreed — and 13.5% strongly agree — that the Securities and Exchange Commission will give the thumbs-up to a bitcoin ETF in 2021. Conversely, 21.6% disagreed with the notion and the remaining 27% were neutral on the topic.
When a similar question was asked in The Block’s 2020 Outlook survey, the majority of respondents — some 77.4% — disagreed with the idea that a bitcoin ETF would be approved during this calendar year.
To date, the SEC has shot down various proposals for bitcoin ETFs, citing the perceived risk of market manipulation and a dearth of surveillance agreements among marketplaces.
One agency commissioner, Hester Peirce, has consistently voiced disapproval to such rejections. The most reject rejection took place in February, when the SEC shot down the United States Bitcoin and Treasury Investment Trust from the New York-based firm Wilshire Phoenix.
“This order is the latest in a long string of disapproval orders that the Commission has issued regarding bitcoin-related products. This line of disapprovals leads me to conclude that this Commission is unwilling to approve the listing of any product that would provide access to the market for bitcoin and that no filing will meet the ever-shifting standards that this Commission insists on applying to bitcoin-related products—and only to bitcoin-related products,” Peirce wrote at the time.
The bitcoin ETF question and other survey items can be found in The Block Research’s 2021 Digital Asset Outlook Report.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: MK Manoylov
With BTC struggling to break past $24K and the SEC suing Ripple, CoinDesk’s Market’s Daily is back with the latest crypto news roundup.
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Author: Lyllah Ledesma
Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.
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Author: Nathan DiCamillo
Crypto asset manager Bitwise has liquidated the XRP position of its crypto index fund.
Bitwise said the move took place in light of the U.S. Securities & Exchange Commission (SEC) has alleged that XRP is a security.
On Tuesday, the SEC officially sued Ripple and two of its executives — CEO Brad Garlinghouse and co-founder Chris Larsen — alleging that the firm brought in more than $1.3 billion via an ongoing, unregistered securities sales in the form of XRP.
Bitwise said its crypto index fund “does not invest in assets that are reasonably likely to be deemed securities under federal or state securities laws.”
XRP had a share of 3.8% in Bitwise’s crypto index fund before liquidation.
In light of the lawsuit allegations, several crypto exchanges, including OSL, CrossTower and Beaxy, have halted XRP trading.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Yogita Khatri
In 2020, The Block Research produced more than 550 unique pieces of research and market commentary for our research members.
Our 2021 Digital Asset Outlook Report, commissioned by Genesis and eToro, curates the best of The Block Research across our coverage and looks to the future of the space in the coming year.
The report covers the state of the market, investment trends, decentralized finance (DeFi), and other thematic trends to watch for in 2021.
Complete the form below and we will email you a copy of the 2021 report.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Jake McGraw
Stablecoin on-chain volumes have crossed the $1 trillion mark in 2020, according to The Block Research.
On-chain volumes are any transactions that occur on blockchains. For stablecoin transactions, Ethereum remains the most popular blockchain, having about 83.5% share. TRON and Omni blockchains follow next, with about 14.5% and 2.1% share, respectively.
As for popular stablecoins, Tether (USDT) remains the leader with about 73% share of the on-chain volumes, followed by USDC (15%) and DAI (7%).
The $1 trillion figure has been achieved for the first time, suggesting that stablecoins are growing in popularity. Last year, on-chain volumes of stablecoins were about $248 billion, i.e., 3.22 times less than this year.
Source: Coin Metrics, The Block Research
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Yogita Khatri
