31 December

“VanEck has previously proposed ETFs before, withdrawing its most recent application in September 2019. As it has in previous applications, VanEck said this ETF would trade on the Cboe BZX Exchange.

So far, the SEC has considered many applications for bitcoin-based ETFs and rejected them all. In October, SEC Chairman Jay Clayton said the agency was still open to considering ETF proposals.

“Unicas, a joint venture between Indian online crypto banking platform Cashaa and United Multistate Credit Co-op Society, has launched a physical crypto bank branch in Jaipur, India. Users will be able to access both fiat and crypto-asset services at the bank. Unicas will also provide instant digital loans with cryptocurrencies as collateral.

The physical crypto bank branch in Jaipur is part of an initial rollout in 14 locations across three states before the end of January 2021. The Unicas JV is also working toward establishing a total of 100 branches by 2022.

For Unicas CEO Dinesh Kukreja, the establishment of physical crypto bank branches will allow the company to offer customized crypto investment products to the local Indian market. With a Unicas savings account, customers can transact in both digital currencies and Indian rupees.”

See Also: Serbia Legalizes Digital Assets Trading and Issuance

Grayscale Investments, the world’s largest digital asset manager, has reportedly dumped a significant portion of its XRP and XLM holdings.

Grayscale’s XRP holdings declined by more than 9.18 million on Dec. 29, bringing its total position to 26.45 million XRP, worth $5.77 million at press time. On the same day, Grayscale reportedly liquidated over 9.74 million Stellar Lumens, or XLM, bringing its total holdings to 9.19 million XLM, or $1.27 million at today’s prices.”

See Also: Binance US Says It Will Delist XRP on Jan. 13
See Also: Bittrex joins Coinbase in delisting Ripple’s XRP following SEC lawsuit
See Also: Ripple to Meet With SEC in First Pretrial Conference on Feb. 22

“In a complaint filed in the Northern District Court of California, Thomas C. Sandoval, the St. Louis County-based plaintiff, alleges Coinbase knowingly sold XRP as an unregistered security and gained commission on these sales.

The lawsuit, which seeks class action status, argues Coinbase violated California’s unfair competition laws by ‘[gaining] an unwarranted competitive advantage over digital asset exchanges that only sold commodities.’

The lawsuit against Coinbase seeks unspecified compensatory damages, attorneys’ fees and other relief.”

See Also: BitGo to Pay $93K to US Treasury to Settle 183 ‘Apparent’ Sanctions Violations

“The addition of Binance Pool to the “yes” column means that all the major pools are now on board. Binance Pool represents 11% of the Bitcoin mining hashrate, so its support pushes mining pool support up to about 91% of the hashrate.

Binance Pool’s support is a bellwether sign that the change could activate soon if no one finds some sort of fatal flaw in it. Still, how to deploy the change is still up for debate. Over the last several months, developers have been discussing the best way to deploy Taproot.

Taproot is a scaling and privacy change that will be the biggest upgrade the digital currency has received in years – and it’s far less controversial than the last one.”

Bitcoin is becoming more difficult to buy, according to analysts at Glassnode. The amount of BTC received and spent among entities is decreasing, which means the liquidity is declining. If Bitcoin (BTC) liquidity is low, it means there is less BTC available to buy and sell. In the medium term, this could make BTC even more scarce.

We show that currently 14.5M BTC are classified as illiquid, leaving only 4.2M BTC in constant circulation that are available for buying and selling.

Over the course of 2020, a total of 1 million additional BTC have become illiquid — investors are increasingly hodling.”

“Chainlink has created an On-Chain Data Directory with the ENS name data.eth.

Each individual price feed is named with a subdomain. For example, the on-chain address for the ETH/USD Price Feed can be found by querying the ETH address record of eth-usd.data.eth. Data.eth names can be queried via the ENS Manager App, block explorers like Etherscan, as well as directly from any full node.

This improves the discoverability and readability of price reference feeds and provides developers with on-chain proof that they have connected their smart contracts to the correct price feed contract.”

“Gazpromneft, the oil subsidiary of Russia’s natural gas giant Gazprom, opened a venue for cryptocurrency mining on one of its oil drilling sites in Siberia, unlocking the power of Russia’s oil and gas resources for the needs of bitcoin mining.

Gazprom, a company that counts the Russian government as a shareholder, is the country’s gas monopolist and world’s 10th biggest oil producer. Earlier this year, Rosatom, Russia’s nuclear power monopolist, opened up its energy supplies for miners.

The CO2 that gets freed during the oil drilling is normally a liability for oil companies as they have to burn it into the atmosphere, which results in fines. However, there are ways to utilize it instead of wasting it, and electricity generation is one of them.

By doing this, Gazpromneft is following the lead of the North American companies like Upstream Data and Crusoe Energy Systems that are making use of gas at drilling sites in the U.S. and Canada.”

“At the time of writing, DOT was at $7.21, according to data from Messari, up 17.27% in the past 24 hours, and up 41.36% in the past seven days. The currency’s ascent began on Dec. 23 when Binance announced a $10 million fund to support projects on Polkadot.”