By Marcus Sotiriou, Market Analyst on the publicly listed digital asset dealer GlobalBlock (TSXV:BLOK)
Bitcoin broke beneath $17,000 over the weekend as it’s hovering round $16,700 at time of writing, nonetheless governments around the globe are making progressive adjustments towards the crypto business. In response to an area newspaper, Nigeria will soon pass a bill that legalises crypto, which contradicts earlier Nigerian laws. Moreover, Hong Kong’s first Bitcoin ETF has formally been listed. Hong Kong is the monetary gateway to China, therefore it may very well be an impactful backdoor for mainland cash in China to entry Bitcoin.
Aztec, a Web3 privateness layer, has raised $100 million in a Collection B funding spherical led by the Andreessen Horowitz subsidiary a16z crypto. Aztec presently supplies privateness providers for purposes on Ethereum, however now plans to create an encrypted model of Ethereum that can permit people and organisations to transact privately. Privateness is essential sector of crypto, as Joe Andrews, Aztec co-founder, eludes to:
“The world isn’t good to stay in with out encryption. Doing issues with out privateness can be a fairly scary world and never one we wish.”
A Capital, King River, Variant, SV Angel, Hash Key, Fenbushi, and AVG all participated within the spherical alongside a16z crypto. Amongst the insanity within the crypto markets in latest weeks, it’s constructive to see traders not shying away, and that there’s nonetheless robust investor urge for food.