Crypto Weekly Roundup: MicroStrategy To Continue Bitcoin Splurge, Ethereum’s Successful …

MicroStrategy is already the largest single wallet holder of BTC and is in possession of 129,218 BTC, with the firm’s holdings valued at around $5.1 billion.

With Bitcoin priced as a growth stock by the market, watchers are wary that a sliding Nasdaq 100 could pull down BTC with it, possibly crashing to $30,000.

Ethereum’s upgrade from Proof-of-Work to Proof-of-Stake looks to be going smoothly after completing the merge testing stage, which was tested on a shadow fork, a private mainnet staging area.

The round was led by SoftBank Vision 2 Fund and saw participation from Blindspot, Flow Traders, Dragonfly, GSR, Flybridge, Lightspeed, ParaFi Capital, and Rockaway Blockchain Fund.

Circle Internet Financial, the firm behind the USDC stablecoin, has raised $400 million in partnership with BlackRock Inc., Fidelity Management and Research, Marshall Wace LLP, and Fin Capital.

Crypto Lending Platform Nexo has announced that it is launching the world’s first crypto-backed payments card in partnership with Mastercard.

Uniswap Labs has launched its venture arm, which will look to invest in Web 3.0 and other crypto companies in various development stages.

Ubisoft is looking to strengthen its position in the crypto space, with the firm investing heavily in a digital assets fund launched by White Star Capital.

The president of Russia’s Chamber of Commerce and Industry, Sergei Katyrin, has tabled a proposal for a new cross-border cryptocurrency settlement for import-export payments.

In a speech at the American University, Washington DC, US Treasury Secretary Janet Yellen spoke on various topics that ranged from innovation and regulation to the digital assets policy.

Investigations into the Ronin Validator hack have revealed the hand of North Korea’s Lazarus Group as the ones responsible for the devastating attack on Ronin and Axie Infinity.

Jack Dorsey’s first-ever tweet, which was sold to crypto entrepreneur Sina Estavi for $2.9 million, received a muted response after it was put back on sale for a whopping $48 million.

Disclaimer: This article is provided for informational purposes only.

Having a keen eye for detail, Amara enjoys finding breaking stories via Twitter, official press releases and website blog posts.

…Read the full story