ARK Invest Now Holds More Than 7M Grayscale BTC Shares – February 16

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $48,895

Bitcoin price briefly posted new all-time highs of more than $50,000 today, followed by a swift retreat back below the milestone level.

Top-20 altcoins have performed well over the last 24 hours, as Ethereum gains 2%, Polkadot rises 15%, and Cosmos posts a significant 28% gain.

Top Stories for February 16, 2021 πŸ”₯

πŸ‘‰ ARK Invest Now Holds More Than 7M Grayscale BTC Shares

Fund manager ARK Invest has disclosed a purchase of an additional 2.14 million shares in Grayscale’s GBTC trust, bringing their total exposure to 7.31 million shares.

Although the disclosure was made today, the actual purchase was made in Q4 2020, bringing their current holdings in the trust to an estimated $351 million.

According to The Wall Street Journal, ARK Invest has averaged a 39% annual return since it was created in 2014.

πŸ‘‰ UK Crypto Exchange EXMO Suffers DDoS Attack

UK-based cryptocurrency exchange EXMO suffered a distributed denial-of-service (DDoS) attack today, resulting in the platform going offline for several hours.

EXMO was also attacked toward the end of December 2020, resulting in the loss of 6% of its cryptocurrency assets.

πŸ‘‰ Celsius Network Reaches $250M In Rewards Distributed

Celsius Network, a centralized cryptocurrency lending platform, has reached a milestone of $250 million in rewards paid out to its users.

The platform allows users to deposit their crypto assets to earn interest. These assets are lent out to exchanges and market makers.