1) VanEck hopes for a SEC approved BTC ETF.
VanEck, a giant US investment firm with about $50 billion in assets under management as of 2019 has third time applied for BTC ETF. The giant has filed an S-1 form with the US Securities and Exchange Commission to establish a Bitcoin ETF named The VanEck Bitcoin Trust. Same as the last applications this ETF’s shares would be traded on the Cboe BZX Exchange. In the document, it is mentioned
VanEck Digital Assets LLC is the sponsor of the Trust, and Delaware Trust Company is the trustee of the Trust.
2) Grayscale now controls $20 billion in Bitcoin.
Grayscale, an institutional crypto investment giant had added a total of 72,950 BTC to its assets under management and at the same time, it had mined 28,112 BTC. These numbers show liquidity squeeze in Bitcoin which can be explained as large buyers sucking up any available supply and removing it from the circulation cycle.
3) FinCEN proposes change in the Bank Secrecy Act.
The United States Financial Crimes Enforcement Network (FinCEN) wants to propose some changes in the Bank Secrecy Act regarding the reporting of foreign financial accounts holding digital currency which till now are not being covered by Foreign Bank and Financial Accounts (FBAR) regulations. After the amends, U.S. citizens will have to disclose cryptocurrency accounts held with foreign institutions if the value is above $10,000.
4) Dash Core Group has come up with new updates.
Dash Core Group has moved development work on the v0.17 of its platform to the testnet phase. Dash has also disclosed how the testnet environment is five times larger than Evonet. This update will have protocol improvements for light clients as well as enhanced functionality for the apps on both iOS and Android. Dana Alibrandi, the head of product at Dash said
This is the biggest deployment of Dash Platform, and consequently, this release marks the most significant milestone in the realization of Dash’s long term vision for mainstream adoption.
5) Polkadot and Bitcoin starts 2021 with new all-time highs.
At the start of this decade, Bitcoin and Polkadot have hit their new all-time high. Bitcoin had hit $29,678 in 2021 as per data from Binance. In an earlier post by Todayq News, 2020 has been a year of gains for Polkadot, and on the very first day of 2021, it has hit an all-time high of $9.43 (69.26% increase within 7 days) as per the data from CoinMarketCap.