Today Report
The U.S. government announced that it will sell over $131 million worth of Bitcoin seized from the Silk Road dark web marketplace in 2013. The auction will take place on Feb. 3 and will offer 3,813 bitcoins in six lots.
Eco, a fintech startup that offers a digital wallet and rewards program for crypto users, acquired Join, a stablecoin shopping app that lets users earn cash back in crypto. The deal aims to expand Eco’s user base and offer more ways to spend and earn crypto.
Axiom, a startup that provides decentralized data access for Ethereum applications, secured $20 million in a Series A funding round led by Polychain Capital. The funding will help Axiom scale its platform and support more use cases for Web3.
Bitcoin and Ethereum bounced back from recent lows, as analysts suggested that the crypto market is still in a long-term bullish trend. Bitcoin regained the $30,000 level, while Ethereum pushed past $2,200. Some factors that could boost the crypto market include the launch of spot bitcoin ETFs, Tesla’s continued holding of bitcoin, and the growing adoption of Ethereum-based tokens.
Stellar, a blockchain network for cross-border payments, postponed its planned upgrade to introduce smart contracts after a bug was found in the new software. The bug, which was identified on Jan. 25, posed little risk to the network, but the Stellar Development Foundation decided to delay the upgrade until Feb. 8 to allow more testing and feedback from the community.
