Cripto247 gives you a summary of the most important things in the universe of cryptocurrencies, blockchain and NFT.

Bitcoin Spot ETFs Received $1.1 Billion Last Week

A Coinshares report raises cumulative inflows to $2.8 billion following the ETF's January launch. Asset managers BlackRock and Fidelity lead these entries. The broader landscape of cryptocurrency investment products reached $59 billion in assets, the highest figure since early 2022.

Ethiopia attracts Chinese crypto miners

Ethiopia's state power company has signed power supply agreements with 21 bitcoin miners. These deals have not only positioned the African nation as one of the world's top destinations for bitcoin mining machines, but have opened up a potentially lucrative source of foreign currency.

The Bank of Russia detected an increase in crypto pyramids

The Bank of Russia issued a report on the increase in illegal loan providers and cryptocurrency-related pyramid scheme numbers. More than 5,700 cases of these activities were detected, representing an increase of 15.5% compared to 2022. Furthermore, focusing only on crypto pyramid scam schemes, the number grows to 46%.