Bitcoin ETP boom, Mt. Gox deal, XRP strikes again
Get your daily roundup of the crypto asset and blockchain news by searching for stories that go unnoticed in today's crypto news. (Updated January 16 with news from the stock exchanges).
Strategists from one of the world's largest wealth managers, UBS Global Wealth Management, say: "We believe that there is not much that can not be done to bring the price of a cryptocurrency down to zero when a better-crafted version is released or when the law changes "Netscape and Myspace are examples of network applications that were very popular but eventually died out," said strategists. (More information: What and how Bitcoin is slowly "winning" in the storm of crypto-innovations)
The institutional platform Tokensoft announced a partnership with the qualified custodian Anchorage to develop xBTC on Stacks 2.0, a blockchain that, according to the press release, enables applications and smart contracts in Bitcoin (BTC). They offer the opportunity to curate and plan new digital assets in Stacks 2.0 via Wrapped at the institutional level so that BTC can be natively integrated into the Stacks 2.0 blockchain, which the partners see as an important step towards decentralized financing. (Defi) in Bitcoin and a step that could help activate around 627 billion US dollars in largely passive capital on the network.
Kraken said, given the recent filing by the US Securities and Exchange Commission against Ripple, the main exchange will cease XRP trading for US citizens no later than January 29, 2021, from 5:00 p.m. (January 30, 2021, to 13:00 UTC). However, these customers can still deposit, hold and withdraw XRP at Kraken.
Bitcoin News
ETC Group's publicly traded German Bitcoin (ETP) product delivered volumes on par with popular European funds as BTCetc Bitcoin Exchange Traded Crypto (BTCE) had an average daily trade of € 57 million (68). $ 9 million) in the first 11 days. January according to the Financial Times, citing data from Deutsche Börse. The Bitcoin ETP structure has "increased the attractiveness of cryptocurrency investments for institutional investors" who can trade the asset without having to set up special infrastructure or use an "unregulated" crypto platform. Stephan Kraus, Director of the ETF segment Deutsche Börse. is quoted.Strategists from one of the world's largest wealth managers, UBS Global Wealth Management, say: "We believe that there is not much that can not be done to bring the price of a cryptocurrency down to zero when a better-crafted version is released or when the law changes "Netscape and Myspace are examples of network applications that were very popular but eventually died out," said strategists. (More information: What and how Bitcoin is slowly "winning" in the storm of crypto-innovations)
The institutional platform Tokensoft announced a partnership with the qualified custodian Anchorage to develop xBTC on Stacks 2.0, a blockchain that, according to the press release, enables applications and smart contracts in Bitcoin (BTC). They offer the opportunity to curate and plan new digital assets in Stacks 2.0 via Wrapped at the institutional level so that BTC can be natively integrated into the Stacks 2.0 blockchain, which the partners see as an important step towards decentralized financing. (Defi) in Bitcoin and a step that could help activate around 627 billion US dollars in largely passive capital on the network.
Exchange of messages
CoinLab said it signed a contract with a Japanese court-appointed trustee on the bankruptcy of Mt. Gox, Nobuaki Kobayashi, and MGIFLP, a fortress company that "paves the way for tens of thousands of Bitcoin newbies." or more of their assigned bitcoin, a digital asset that was priced at $ 489 on the day Mount Gox filed for bankruptcy. “They said small creditors (up to JPY 200,000 ($ 1,925)) would receive 100% of their claims. "Anyone who does not want to receive the amount offered can stay and wait for the litigation to end," they added.Kraken said, given the recent filing by the US Securities and Exchange Commission against Ripple, the main exchange will cease XRP trading for US citizens no later than January 29, 2021, from 5:00 p.m. (January 30, 2021, to 13:00 UTC). However, these customers can still deposit, hold and withdraw XRP at Kraken.