Digital Currency Group plans to purchase $250 million of GBTC shares. The Grayscale Investment Fund has surged in popularity with rising Bitcoin prices. Grayscale presently has $42.1 billion in net assets under management. Digital Currency Group (DCG), a Grayscale parent firm announced that it plans to purchase $250 million of
Decentralized Finance (DeFi) has become an explosive topic in crypto’s realms, with the sector realizing immense growth in recent years. Currently, there are over $20 billion in digital assets that have been locked across various DeFi protocols. The platforms offer excellent investment opportunities for digital currency enthusiasts. Allowing them to
Meitu purchased $22 million in ETH and $17.9 million in BTC. Purchasing crypto helps diversify the firm’s holdings away from cash. Also, evaluates potential investments in blockchain-based projects. Hong Kong-listed Meitu Inc. announced that it bought $22 million in Ethereum (ETH) and $17.9 million in Bitcoin (BTC). Meitu Bought $22M
-DeFi building block service Furucombo exploited for $14M.-The attacker tricked the protocol into thinking that their contract was Aave V2.-Instead of draining funds, the attacker instead transfers the funds. Furucombo is a drag and drop tool that is used to create DeFi transactions that have been exploited. In addition, the
-Nigeria needs to regulate crypto, not ban says VP.-Osinbajo said crypto in the coming years will challenge financial banking. -The utilization of bitcoin has boomed in Nigeria in recent years. Nigeria’s Vice President (VP) Yemi Osinbajo said the country’s central bank and securities regulator has to find ways to regulate
-Nigeria SEC collaborates with CBN to Regulate crypto market.-Regulators in Nigeria cannot ignore the $1.74T crypto market.-CBN and SEC also work with other Federal agencies.-In order to develop a national regulatory approach to cryptos in Nigeria. According to a report by Premium Times, the Central Bank of Nigeria (CBN) and
-Jack Dorsey partners with Jay-Z to create 500 BTC blind Bitcoin Trust.-Dorsey is a known long-time supporter of bitcoin with “#bitcoin” as his Twitter profile. -Over the past year, many companies supported more than 25 developers and projects with an approximated $3.46 million. Twitter co-founder and CEO Jack Dorsey partnered with
-Bitcoin hits a new all-time high of over $43K.-This price spike came after Tesla Bought $1.5B worth of BTC.-Moreover, the move follows encouraging signs from CEO Elon Musk. On February 8, the cryptocurrency king Bitcoin (BTC) hits over $43,000. Moreover, the crypto spiked almost $3,000 in a minute. This spike
-Binance has suspended Nigerian deposits.-Following the new request of the Central bank of Nigeria (CBN) to boycott cryptocurrencies and crypto trade.-Nigerians voiced their uneasiness utilizing the hashtag #WeWantOurCryptoBack multiple times. Digital currency exchange Binance suspended Nigerian deposits. Following the new request of the Central bank of Nigeria (CBN) to boycott
-Bitfinex announced that it repaid the remaining balance of a $550 million loan to Tether.-In 2018 Bitfinex borrowed $750 million from Tether.-Moreover, Tether is one of the most liquid exchange pairs with BTC. Crypto exchange Bitfinex announced that it repaid the remaining balance of a $550 million loan to its
