© 2021 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: Joon Ian Wong
The investment giant predicts CBDCs will continue gaining steam, although Western central banks have more outstanding questions than answers.
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Author: William Foxley
The technology is aimed at tracing commodity flows in near real-time and cut paperwork.
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Author: Tanzeel Akhtar
This month’s decentralized exchange (DEX) volumes are set to break September 2020’s record highs. According to data compiled by The Block, current DEX volumes for January 2021 are $26.01 billion with 15 days remaining for the month. In September, DEX volumes reached $26.6 billion fueled by DeFi Summer.
Uniswap currently makes up 44.85% of January’s trading volume, with SushiSwap (22.19%) and Curve (12.98%) in second and third place, respectively.
© 2021 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: The Block
The second full business week of January has demonstrated many trends that NLW argues will shape bitcoin and crypto throughout the year.
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Author: Nathaniel Whittemore
The digital asset manager also reached C$1 billion in net asset value this week.
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Author: Tanzeel Akhtar
The popular K-Pop girl band’s parent company RBW will be selling its singers’ digital products on the blockchain.
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Author: Muyao Shen
Optimism has launched its Layer 2 scaling solution, the Optimistic Virtual Machine (OVM) on the L2 Optimistic Ethereum (OΞ) mainnet, Synthetix announced Friday.
The first trial run is with decentralized exchange protocol Synthetix, which is now live on the OΞ mainnet. This means holders can now stake the protocol’s native token, SNX.
According to the announcement, OΞ is the first scaling solution with “full cross-layer porting capabilities for smart contracts without rewriting them,” meaning Synthetix will not have to change its code to get its smart contracts onto OVM.
Prior to the release, the team behind Optimism said the mainnet release could result in outages and bugs. Thus, the team will hold the upgrade keys for the first six months in an effort to secure user funds.
A public testnet is set to be released on March 15.
© 2021 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: Saniya More
Kraken is moving to halt XRP trading for U.S. users in light of the Securities and Exchange Commission’s (SEC) lawsuit against Ripple.
U.S. based Kraken users will be unable to trade XRP from Jan. 29 at 5 p.m. PT, according to a statement published Friday by the exchange.
Those with spot positions on margin must satisfy any outstanding margin obligations by the close of Jan. 28 or face liquidation. They’ll still be able to deposit, hold and withdraw XRP. The decision only affects U.S. customers — XRP markets will remain available to those outside the U.S.
“We are monitoring the situation regarding the SEC’s filing and will adapt according to any new developments,” the exchange said.
The SEC brought its case against Ripple in December, alleging that the firm’s sales of XRP qualified as an unregistered securities offering. Since the regulator filed the suit, a number of crypto venues have suspended XRP trading, including OKCoin, Coinbase, Bittrex, Genesis, Binance.US and eToro.
© 2021 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: Aislinn Keely
Clients residing outside the U.S. will be unaffected.
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Author: Kevin Reynolds
