The purchase will be done over a two-year period, developers told CoinDesk.
Bitcoin investment funds, including spot ETFs, now manage more than 1 million BTC, worth around $67 billion at current prices.
Two Binance executives were recently detained in the country, and the exchange’s CEO Richard Teng, has been summoned to appear before a committee.
Frankfurt-based Deutsche Börse has launched a cryptocurrency trading platform for institutional clients.
Deutsche Boerse will operate the trading venue, and Crypto Finance will provide settlement and custody services.
Baanx has raised $20 million in a Series A funding round led by Ledger, Tezos, Chiron and British Business Bank.
Coinbase has surged back into the U.S. Apple App Store top 100 for the first time since February 2022 as bitcoin approaches all-time highs.
Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country.
The move aims to enable victims to “partially recover” assets lost in one of the biggest exploits of 2023.
Coinbase shares surged a further 11% to $229.15 as of market close on Monday — the highest level in more than two years.
