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Grayscale removes XRP from its Digital Large Cap Fund

Grayscale removes XRP from its Digital Large Cap Fund

Crypto asset manager Grayscale has removed XRP from its Digital Large Cap Fund.

The post Grayscale removes XRP from its Digital Large Cap Fund appeared first on The Block.

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First Mover: As Bitcoin Rally Pauses, DeFi Keeps Astounding

Don’t even think of using the term “DeFi winter,” because DeFi might be hotter than last year’s summer of DeFi. 

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Voyager Digital Reports 75% Revenue Rise in Q4, Cites Increased Crypto Adoption

The Canadian crypto broker said its revenue growth was due to the growing adoption of cryptocurrency.

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LCX Exchange Gets Licensed in Liechtenstein to Help Banks Create Their Own Digital Assets

LCX has been granted eight out of the 11 crypto-related licenses in Liechtenstein.

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A16z, Coinbase intend to challenge FinCEN’s proposed crypto wallet rules in court should it become law

Venture capital firm a16z and exchange operator Coinbase intend to challenge Financial Crimes Enforcement Network’s (FinCEN’s) proposed crypto wallet rules in court should it become law.

The post A16z, Coinbase intend to challenge FinCEN’s proposed crypto wallet rules in court should it become law appeared first on The Block.

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Argentina’s Ripio Acquires Second-Largest Crypto Exchange in Brazil

Ripio has acquired BitcoinTrade in a bid to increase its footprint across the frothy Latin American crypto market.

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Bitcoin Trader Robbed and Pushed Out of Car in Hong Kong

The trader exchanged 15 bitcoin for HK$3 million before being robbed of both.

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Several crypto metrics are now (again) measured in the trillions

Quick Take

  • Several relevant crypto metrics surpassed the $1 trillion mark in 2020.
  • Total adjusted on-chain transaction volume of stablecoins was $1.061 trillion for 2020 — exceeding the $1 trillion mark for the first time.
  • Binance’s spot volume single-handedly exceeded the $1 trillion mark in 2020, coming in at $1.077 trillion (59% of total spot volume).
 

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Bitcoin Bounces Back Above $31K After Monday’s Drop

Analysts say the bitcoin market now looks less overheated than it did on Monday.

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Bitcoin’s price could reach above $146,000 over the long term, say JPMorgan strategists

The price of bitcoin could rise above $146,000 over the long term, according to JPMorgan strategists.

The post Bitcoin’s price could reach above $146,000 over the long term, say JPMorgan strategists appeared first on The Block.

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