Coinbase Adds Stablecoin Pegged to USD - Coinbase Approved as Qualified Custodian - Bitcoin ETF Applicant VanEck Tells SEC That The Stated Concerns Have Been Solved - IDEX Will Block Orders From Users With New York State IPS

Coinbase Adds Stablecoin Pegged to USD

Coinbase adds USD-pegged stablecoin USD//Coin (USDC), which was created by Circle.

Coinbase Approved as Qualified Custodian

Coinbase stated that the New York Department of Financial Services approved the so-called Limited Purpose Trust Company designation. This approval allows the Coinbase Trust to offer custody services for Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, and XRP. 
The interesting thing is that Coinbase offers trading for all of the six digital assets except XRP. 

Bitcoin ETF Applicant VanEck Tells SEC That The Stated Concerns Have Been Solved

VanEck published a paper where they address the five major concerns of the SEC. According to VanEck, all of them have been solved.
- There now exists a significant regulated derivatives market for bitcoin
- Relevant markets – Cboe, bitcoin futures, OTC desks – are regulated
- Concerns around price manipulation have been mitigated, consistent with approval of prior commodity-based ETPs
- CBOE’s rules are designed to surveil for potential manipulation of Trust shares Promotes investor protection.”

Read the full paper here: https://www.sec.gov/comments/sr-cboebzx-2018-040/srcboebzx2018040-4507040-175984.pdf

IDEX Will Block Orders From Users With New York State IPS

"DEX will begin blocking new orders from users with New York State IP addresses on Thursday, October 25th (6pm UTC). Cancels and withdrawals will remain active."


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