Institutional investors continue to demand Bitcoin through Grayscale Investment. In one day they withdrew 16,244 BTC from the market.
Grayscale Investment continues to prove to be a key connector between institutional investors and Bitcoin. Yesterday it added 16,244 BTC, approximately $ 600 billion, to its Grayscale Bitcoin Trust (GTBC) fund.
Grayscale is the bridge between institutional investors and Bitcoin
Data from CryptoQuant revealed that in just one day Grayscale was able to collect 16,244 Bitcoins from the market, all thanks to an impressive increase in institutional demand.
The point is that this is the largest daily purchase so far in terms of Bitcoin, which led to the crypto fund accumulating a total of 632,000 BTC, worth approximately 23 billion dollars.
Therefore, the crypto community is impressed by the growth that Grayscale's crypto fund has experienced. In fact, as we reported yesterday in CryptoTrend, JP Morgan strategists believe that the crypto firm will be key to Bitcoin's price surge.
Report: Crypto Ransomware Payments Increase
Thus, crypto payments associated with ransomware grew by at least 311% in 2020, according to new data from blockchain data company Chainalysis.
Also, it is worth remembering that ransomware is a type of malicious computer program that forces users to pay ransom. And, according to Chainalysis, crypto has become a common payment method.
Binance burns $ 165 million in BNB
According to Binance CEO Changpeng Zhao , this time around 2.4 times more tokens were burned in terms of fiat value. In this way, according to what was announced, the crypto exchange burned 3,691,888 Binance Coin (BNB), worth approximately USD 165.8 million.
According to Larry Cermak, research director at The Block , the burn comes after "Binance spot volume has risen more than 50% and futures volume has risen 140% in the fourth quarter."
In a few lines ...
Janet Yellen, a candidate for Secretary of the Treasury, shared her concerns regarding crypto being used in illicit financing.
Coinbase announced today that it is ready to acquire Bison Trails, a crypto company that can help you grow.
On the other hand, Incent has claimed not to know what happened to the price of its token on CoinMarketCap.
ADA, the cryptocurrency of the Cardano network, is now the sixth largest cryptocurrency in the ecosystem.
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