Bitcoin exchange-traded products now hold over 1 million BTC
The collective total held by all Bitcoin ETFs globally is now more than 1 million coins, currently worth almost $68 billion.
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Nigeria’s securities regulator establishes fintech unit to study crypto
With much of the Nigerian crypto market underground or peer-to-peer due to government restrictions, the country’s securities regulator is looking into ways to make investors safer. 139 Total views 40 Total shares In 2021, financial institutions operating in Nigeria have been the lever of a government crackdown on cryptocurrencies, beginning with February’s notorious central bank…

BitGo deploys wrapped BTC on Avalanche and BNB Chain
Crypto custodian BitGo is now using LayerZero’s OFT Standard to deploy its WBTC across more than 80 chains.

Less than 1% of all holders have 90% of the voting power in DAOs: report
A user must hold between 0.1% and 1% of the outstanding token supply to create a proposal and hold between 1% and 4% to pass it. 528 Total views 25 Total shares Decentralized autonomous organizations (DAOs) have become a rage in the ever-expanding crypto ecosystem and are often seen as the future of decentralized corporate…

Kazakhstan’s central bank ‘isn’t going to ignore’ the crypto market
According to the chairman, the central bank will decide on implementing its own digital currency by the end of 2022. 285 Total views 17 Total shares While Kazakhstan’s government is catching up with the tremendous volume of crypto mining in the country by introducing new taxes and regulations, the local central bank intends to explore…

Coinbase 'not aware' of any customer data breach after Au10tix credential leak
The compliance platform Au10tix said that although a credential was leaked, there is no evidence that it was used to obtain customer data, and Coinbase said it is unaware of any breach.

Bitcoin ETF investors buy the dip: Daily inflows hit $295M
United States-listed Bitcoin ETFs have notched their biggest day of inflows in over a month amid a slump in the crypto markets.

Coinbase exec says major Ethereum scaling improvements coming soon
The Chief Product Officer at Coinbase foresees that there will be more advances in layer 1 to layer 2 bridges and rollup technologies. 566 Total views 11 Total shares Coinbase Chief Product Officer Surojit Chatterjee is the latest to publish his predictions for the crypto industry in 2022 and he foresees major advances in the…

US Trustee challenges FTX reorganization plan, citing legal concerns
The objections raised by the US Trustee and the creditor group are likely to play a significant role in the court’s deliberations.