Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

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Grayscale Investments has surpassed the milestone of $30 billion in net crypto assets under management (AUM). The company says the tremendous growth is due to institutional investors, particularly hedge funds. Grayscale revealed Friday that its net total crypto assets under management now stands at $30.4 billion. In the lead is Grayscale Bitcoin Trust, which currently … Read more

Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients as Remittances via Traditional Corridors Drop by 97%

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The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that fail to comply. Banks Taking Immediate Action Immediately following the letter’s publication, some banks and other financial … Read more

Bitcoin Climbs Past $40k, Analyst Expects Another Jump in BTC Value, ETH Taps New Highs

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The price of bitcoin is nearing the crypto asset’s all-time price high on Saturday, as the digital currency has gained over 6% during the last 24 hours. The last time BTC was this high in value was during the first week of January when bitcoin touched a high of $42k that week. Crypto Prices Begin … Read more