BlockFi Launches Bitcoin Trust For Institutional Investors – February 10

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $46,498

Bitcoin price is hovering around the mid $46,000s over the last day of trading, with a cool consolidation near yesterday’s new all-time highs.

Top-20 altcoins have once again performed well, as Ethereum stays steady with no change, Cardano rises 23%, XRP gains 12%, and Binance Coin jumps 51%.

Top Stories for February 10, 2021 πŸ”₯

πŸ‘‰ BlockFi Launches Bitcoin Trust For Institutional Investors

Crypto financial services platform has officially launched its Bitcoin Trust, which will give institutional investors exposure to Bitcoin by purchasing trust shares.

BlockFi registered the trust last month with the US Securities and Exchange Commission (SEC), with custody of the Bitcoins to be held by Fidelity Digital Assets.

The company believes it is the perfect time for the launch of the product, citing a surge of institutional interest in Bitcoin.

πŸ‘‰ Digital Plots of Land Sell For A Record $1.5M On Axie Infinity

Digital plots of land represented by a non fungible token (NFT) have sold for $1.5 million today, marking a new record for the most expensive NFT sale ever.

The land exists within the Axie Infinity virtual ecosystem, where players control virtual characters called “Axies”.

πŸ‘‰ DeFi Project Curve Finance May Soon Be On Polkadot

Cryptocurrency project Equilibrium is looking to make DeFi project Curve Finance cross-chain compatible, with an implementation on Polkadot.

The timing of the expansion coincides with record-breaking transaction fees on the Ethereum network, costing users sky-high amounts for simple token swaps.