By Marcus Sotiriou, Market Analyst on the publicly listed digital asset dealer GlobalBlock (TSXV:BLOK)
Bitcoin broke under $17,000 over the weekend as it’s hovering round $16,700 at time of writing, nevertheless governments around the globe are making progressive adjustments towards the crypto business. According to an area newspaper, Nigeria will quickly cross a invoice that legalises crypto, which contradicts earlier Nigerian laws. Furthermore, Hong Kong’s first Bitcoin ETF has formally been listed. Hong Kong is the monetary gateway to China, therefore it could possibly be an impactful backdoor for mainland cash in China to entry Bitcoin.
Aztec, a Web3 privateness layer, has raised $100 million in a Series B funding spherical led by the Andreessen Horowitz subsidiary a16z crypto. Aztec at the moment gives privateness providers for functions on Ethereum, however now plans to create an encrypted model of Ethereum that may permit people and organisations to transact privately. Privacy is vital sector of crypto, as Joe Andrews, Aztec co-founder, eludes to:
“The world isn’t nice to live in without encryption. Doing things without privacy would be a pretty scary world and not one we want.”
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 current weeks, it’s optimistic to see buyers not shying away, and that there’s nonetheless sturdy investor urge for food.