The Purpose Bitcoin ETF, the world's first exchange-traded fund that is physically backed by the biggest digital currency, is making its debut on the Toronto Stock Exchange today.

The Ontario Securities Commission (OSC) greenlit its launch earlier this month, marking a watershed moment for the industry.

The very first ETF was designed by Canadian asset manager Purpose Investments. The company’s founder and CEO, Som Seif, says that the cooperation with the OSC was instrumental in launching the novel product:

The OSC was a crucial working partner in the launch of Purpose Bitcoin ETF and we are grateful for their willingness to work with us through this process. Their cooperation and guidance made it possible for us to move forward on getting this novel ETF into the hands of investors.

In a recent Financial Post interview, Seif mentioned that it took his company over eight months of work with regulators to get the ETF approved:

We worked really hard over the last eight months with the regulators here in Canada to really help them understand and overcome the hurdles they were really facing around the asset.

World's First Bitcoin ETF Just Launched
https://cryptonews.net/471775/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

Ethereum holds above $1,900 while bulls keep their eyes on $2,000.
The least resistance path is upwards, as reinforced by the MACD on the 4-hour chart.
Ethereum’s uptrend to $2,000 will be invalidated if losses extend under $1,900.
Ethereum is gradually nurturing an uptrend towards $2,000 despite the frequent rejections from new all-time highs. At the time of writing, ETH is teetering at $1,910 after losing steam at $1,954. The ongoing correction risks dropping into the $1,800 range; thus, there is a need for higher support.

The 4-hour chart confirms that the pioneer altcoin still has a bullish impulse and is likely to resume the uptrend toward $2,000. Meanwhile, the Moving Average Convergence Divergence (MACD) adds credibility to the uptrend.

It is essential to note that the MACD is a momentum oscillator applied in trading trends but rarely used to identify overbought and oversold conditions. The indicator presents itself on a chart with a couple of trendlines oscillating with no boundaries. Note that the crossover of these two lines is a trading signal resembling that of the average moving system.

Ethereum Price Forecast: ETH rocks towards the gigantic $2,000 milestone
https://cryptonews.net/472205/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

There has been no slowdown in the amount of collateral pouring into the leading decentralized finance protocols this year.

DeFi’s leading three lending protocols have amassed approximately $20 billion according to Dune Analytics. A Messari research report into valuing these platforms suggests they’re on track to generate in excess of half a billion in interest annually.

Maker, Compound Finance, and Aave have all seen record levels of lending deposits as crypto yield farmers seek exponentially better returns than traditional banks can offer. Messari posted on Twitter:

“The top three lending platforms will generate $660m in interest per year at the time of writing,”

Messari researcher Mira Christanto commented that protocols extract value by both attracting capital and putting it to use, and their total value locked (TVL) reflects this.

TVL is the current metric for measuring the performance of a DeFi protocol and it can vary depending on the calculations employed by different analytics providers.

According to Dune Analytics, Maker has reached an all-time high of $6.38 billion in deposits locked as collateral. Compound Finance also has an all-time high of $8.7 billion while Aave has $6.5 billion. Between them they have a total of $21.58B.

However, DappRadar and DeFi Pulse both suggest the combined figure for the trio of protocols is currently more like $17B.

Meanwhile centralized finance platform Celsius Network is also performing well in terms of users and collateral lockup. According to a Feb. 15 release, Celsius has paid over $250 million in crypto yield to its customers, has over 415,000 users, and manages over $8 billion in crypto assets.

Info:- Top 3 DeFi lending protocols exceed $20B in deposits
https://cointelegraph.com/news/top-3-defi-lending-protocols-exceed-20b-in-deposits?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

The world’s oldest central bank, Sweden’s Riksbank, is to extend its pilot project for a potential central bank digital currency (CBDC) for another 12 months.

According to a press release on Friday, the project, which is being carried out with assistance from professional services firm Accenture, will run until February 2022.

The Riksbank said it would continue developing a technical solution for a central bank-issued e-krona “as a complement to cash,” with the primary objective being for the bank to increase its knowledge around the technology.
For 2021, the institution will continue developing its potential digital currency offering with a focus on performance and scalability. Testing offline functions and bringing external participants into the test environment is also on the table.

The project has raised some concerns from Sweden’s commercial banking sector over the viability of a sovereign CBDC and how that would impact the entire banking system.

There is no final decision over the issuance of the e-krona despite strong lobbying from the central bank to government last year. But with traditional cash seeing falling use, even more so during the coronavirus pandemic, Sweden has been mulling a switch to the CBDC.

However, questions still remain over the digital currency’s ultimate design and underlying technology, according to Friday’s release.

World’s Oldest Central Bank Extends Digital Currency Test Till 2022
https://www.coindesk.com/sweden-central-bank-digital-krona-extension?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

What can you consider by looking at the current price of Bitcoin. If you cryptocurrency Analyzing the market, you can see that Bitcoin has already crossed 43 thousand dollars.Why is the price of Bitcoin suddenly rising so much?What do you think will be the price of Bitcoin this time?Looking forward to the opinions of various senior experienced brothers.

আমরা সবাই জানি বাংলাদেশ ক্রিপ্টোকারেন্সি অবৈধ। কিন্তু সরকারের চোখ ফাঁকি দিয়ে আমরা সবাই একটি ব্যবহার করছি। আমাদের সবাইকে ক্রিপ্টোকারেন্সি লেনদেন নিয়ে সতর্ক থাকতে হবে। কারণ ইতিমধ্যে সাইবার টিম গুলো ক্রিপ্টোকারেন্সির দিকে বেশি নজর দিচ্ছে।

কিছুদিন আগে বাউন্টি ডিএক্টিভেট ম্যানেজারের একটি বাউন্টি ছিল সেটি হলো moondefi । এই প্রজেক্টটি 8 সপ্তাহ চলার কথা ছিল। কিন্তু চার সপ্তাহ পর একটি অফ করে দিয়েছে। তাদের কথা ছিল চার সপ্তাহ পর পর এটি পেমেন্ট করা হবে। কিন্তু পেমেন্ট না করার কারণে এটি অফ করে দেওয়া হয়েছে।এডমিনের সাথে কথা বলে জানতে পারলাম তারা 28 ফেব্রুয়ারি তারিখে পেমেন্ট করবে। সত্যিই কি moondefi পেমেন্ট করবে না কি স্কাম করবে। সবার মতামত আশা করছি।