Crypto Investment Products Brought in $441M Last Week
Digital asset investment products have received a total of $441 million in inflows as a result of the recent sell-off by Mt. Gox and the German government.
Bitcoin Exchange-traded Funds Record Highest Inflows in 30 Days
Even though the price of Bitcoin has recently dropped to $54,000, a decrease of 25% from its peak of $73,000 in March, there has been a surge in inflows for spot Bitcoin ETFs on July 5.
Central Bank of Nigeria: Binance Has Performed Unauthorized Transactions
The CBN has made a claim that the popular cryptocurrency exchange Binance has been performing banking services without proper authorization.
US House Might Overturn Biden’s SAB 121 Veto
The House of Representatives may vote this week to overturn United States President Joe Biden’s veto of Staff Accounting Bulletin 121.
Germany Moves $175 Million in BTC
The German government has recently transferred another large sum of Bitcoin to various addresses, potentially indicating its intention to sell some of its assets.
Mt. Gox Starts Repaying its Creditors
Collapsed crypto exchange Mt. Gox has started to repay its debts in Bitcoin and Bitcoin Cash.
Mt. Gox Moves $2.6B in Bitcoins to Pay Creditors
Bitcoin has experienced another drop in value as bankrupt exchange Mt. Gox transferred a large amount of the cryptocurrency to a new wallet, potentially preparing for creditor repayments.
