Grayscale Sets $700M Record For Inflows In A Day – January 18

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $36,528

Bitcoin price has fallen slightly over the weekend, touching as low as $34,000. Price has bounced back, however, holding strong above the $36,000 level.

Top-20 altcoins have had a strong 24 hours, as Ethereum rises almost 3%, XRP gains 5%, and Uniswap leads the way with a 15% rise.

Top Stories for January 18, 2021 πŸ”₯

πŸ‘‰ Grayscale Sets $700M Record For Inflows In A Day

Grayscale Investments has set a new record for capital inflows for a single day, drawing $700 million on January 15.

Funds received in the entire last quarter of 2020 measured up to $3.3 billion, with momentum “picking up speed into the new year”, according to CEO Michael Sonnenshein.

Graysclae’s total assets under management are now valued at a significant $27.1 billion.

πŸ‘‰ NYPD Publishes Use Of Crypto Transaction Analysis

The New York Police Department (NYPD) has revealed policies for its use of cryptocurrency transaction analysis tools, in a six-page document.

The document states that the department uses the analysis tools to automate searches for transaction information for criminal investigations, and that the use of such tools must be used constitutionally.

πŸ‘‰ Community Discusses Token Mint To Fund Development

The community and developers of decentralized finance protocol are discussing the possibility of minting more (YFI) tokens, in an effort to fund further development of the protocol.

The notion was sparked by a governance proposal which initially proposed a buyback program, but has evolved into the possible creation of brand new YFI tokens.