Investors' appetite for cryptocurrencies leads to theInvestment firm Fidelity Investments launched two Bitcoin ETFs on the Canadian Securities Exchange and Defiance created the world’s first NFT-focused ETF. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Bitcoin and Blockchain Adoption
📍Fidelity Investments launches two Bitcoin investment funds on the Toronto Stock Exchange, Canada. Investment management firm Fidelity Investments announced the launch of two new listed investment funds for Bitcoin, the world's largest cryptocurrency. The new cryptocurrency ETFs, called “Advantage Bitcoin ETF” y “Fidelity Advantage Bitcoin ETF Fund” They want to make it easier for institutional and corporate investors to gain exposure to Bitcoin.
Bitcoin ETFs launched by Fidelity began trading on the Toronto Stock Exchange yesterday, under the symbols FBTC and FBTC.U, in Canadian dollars and US dollars, respectively.
📍Mercado Libre sets date for new payments in Bitcoin and other cryptocurrencies in Brazil. The e-commerce company Mercado Libre will enable its new payments feature in cryptocurrencies, this month. Mercado Libre is partnering with Paxos to enable its customers in Brazil to use cryptocurrencies as Bitcoin (BTC), Ethereum (ETH) and stablecoin Pax Dollar (USDP) when making and accepting payments on its platform. At the moment, the new payment function with cryptocurrencies, will be available only in Brazil later this month, allowing customers and users in this country to buy and sell with cryptocurrencies directly through the Mercado Pago app.
Marcos Galperin, founder and CEO of Mercado Libre, had already shared on Twitter part of what the company's new cryptocurrency payment service is.
NFT and DeFi Markets
📍Defiance launches world's first NFT-focused ETF. The investment advisory firm Defiance He launched a new ETF called ETF Defiance Digital Revolution (NFTZ), the first publicly traded investment fund focused on non-fungible tokens or NFT.
The company's new investment fund will allow professional and institutional investors to participate in the new digital economy that is being built in blockchain through NFTs. As reported on its website, NFTZ is designed to track companies related to non-fungible tokens and Web3 from the NFT index of the German firm Bita, called BITA NFT, but it will not invest or store NFTs directly. This investment fund is listed on the New York Stock Exchange, NYSE Arca, although to date there are no records of activity.
Miners
📍Riot Blockchain increases its Bitcoin mining capacity with the acquisition of the firm ESS Metron. Rito Blockchain, the American crypto mining company, announced the acquisition of electronic equipment solutions firm ESS Metron in order to expand its mining capacity on the network. ESS Metron specializes in the manufacturing and production of highly engineered electronic equipment, which will help Riot Blockchain expand its Bitcoin mining capacity on a large scale. Riot said that ESS Metron was a key element of its facility located in Texas (United States). The Bitcoin mining company is expanding its mining capacity on the blockchain network to 700 megawatts (MW), it said in its statement.
Riot Blockchaina has acquired ESS Metron for approximately $50 million, of which $25 million will be paid in cash and the rest in shares of the crypto mining firm.
Cybersecurity
📍BadgerDAO loses over $120 million in new DeFi hack. The developers of the decentralized finance protocol (DeFi) BadgerDAO reported via their Twitter account that $120,3 million was withdrawn from the protocol's liquidity, affecting thousands of users. Apparently, BadgerDAO's interface was compromised by a hacker, who managed to intercept users' transactions to extract the funds. BadgerDAO developers decided to paralyze all smart contracts of the protocol to prevent further unauthorized withdrawals from occurring.
The developers are currently investigating the hack and will submit a report. postmortem in the coming days. The price of the BADGER token has fallen by 17% since the exploit was confirmed.
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