MicroStrategy, the business intelligence firm renowned for its bitcoin bullishness, has made yet another bitcoin purchase. On Monday it bought 253 bitcoin for $15 million in cash bringing its total holding to 91,579 bitcoin.

Grayscale has published a roadmap to launching a bitcoin ETF (Exchange-Traded Fund) on American markets. If successful Grayscale would be the first company to launch a hotly anticipated Bitcoin ETF. Over the past 4 years the SEC has denied attempts to launch Bitcoin ETFs on the grounds that the crypto markets were too small and easy to manipulate.

Compound (COMP), the decentralized lending protocol, has reached a market leading $15 billion in total lending value. This accounts for around 19% of the total value locked in DeFi according to DeFi Pulse.

Join us at the virtual Digital Asset Trading & Technology Series (DATTs) 2021 on 8 April to hear from Fireblocks, BNY Mellon, BlockFills, ByteTree and Binance.US. Through biweekly live sessions from 8th of April to 6th of May, DATTs will delve into the most pressing opportunities and challenges of the digital asset economy - prime brokerage, institutional mining, and asset management.

Sponsored: Blockchain-based casino Playza has launched on the TRON network. Playza offers a fair and transparent online gaming experience for crypto users in eligible jurisdictions, with a range of traditional casino games available.

Top stories in the Crypto Roundup today:

• MicroStrategy Buys More Bitcoin, Bringing its Holdings to 91,579 BTC
• Grayscale Publishes Roadmap for Turning its Products into Crypto ETFs
• Compound Hits $15 Billion In Total Lending Value as DeFi Boom Continues
• Join Us at the Digital Asset Trading & Technology Webinar Series on 8 April
• Sponsored: Playza launches a fully decentralized casino on TRON

MicroStrategy Buys More Bitcoin, Bringing its Holdings to 91,579 BTC

MicroStrategy, the business intelligence firm renowned for its bitcoin bullishness has made yet another bitcoin purchase. On Monday it bought 253 bitcoin for $15 million in cash bringing its total holding to 91,579 bitcoin.

MircoStrategy said it paid an average price of $59,339 per coin including fees and expenses. This latest purchase brings MicroStrategy’s total bitcoin holdings to $2.23 billion at an average purchase price of $24,311. Which represents an over $1 billion notional gain on their investment in bitcoin as a treasury reserve asset.

Grayscale Publishes Roadmap for Turning its Products into Crypto ETFs

Grayscale has published a roadmap to launching a bitcoin ETF (Exchange-Traded Fund) on American markets. If successful Grayscale would be the first company to launch a hotly anticipated Bitcoin ETF. Over the past 4 years the SEC has denied attempts to launch Bitcoin ETFs on the grounds that the crypto markets were too small and easy to manipulate.

Currently Grayscale offers one of the main ways for institutional investors to gain access to digital assets. Their Bitcoin Fund (GBTC) has over $38 billion in assets under management. According to the roadmap the GBTC and ETHE funds have been shortlisted to become ETFs. Grayscale will be joining the long list of hopeful Bitcoin ETF applications from companies such as VanEck, WisdomTree and SkyBridge.

Compound Hits $15 Billion In Total Lending Value as DeFi Boom Continues

Compound (COMP), the decentralized lending protocol, has reached a market leading $15 billion in total lending value. This accounts for around 19% of the total value locked in DeFi according to DeFi Pulse.

The total amount of crypto up for borrowing on the lending app refers to the total amount that can be borrowed as instant, non-custodial crypto loans. The figure rose rapidly from $10 billion on 20 February to $15 billion today.

As of today, 34% of the value supplied to the platform is in ETH (Ethereum’s native token), 19% is in the US dollar-pegged stablecoin DAI, and 23% is in US dollar-pegged stablecoin USDC. The value is supplied by 284,845 users.

Join Us At the Digital Asset Trading & Technology Webinar Series

The Digital Asset Trading & Technology Series (DATTs) 2021 is your front-row seat to hear industry experts discuss and debate the evolution of digital assets as an institutional asset class. Through biweekly live sessions from 8th of April to 6th of May, DATTs will delve into the most pressing opportunities and challenges of the digital asset economy - focusing on prime brokerage, institutional mining, and asset management.

Catch the first session on Prime Brokerage on 8 April at 12:00PM EST / 5:00PM GMT featuring:

• James Bennett, CEO, ByteTree (Moderator) 
• Neil Van Huis, Director of Sales & OTC Trading, BlockFills 
• Michael Shaulov, CEO & Co-Founder, Fireblocks
• Lory Kehoe, Director, Digital Assets and Blockchain, BNY Mellon 
• Rena Shah, Head of Operations & Business Development, Binance.US

Playza launches a fully decentralized casino on TRON

Blockchain-based casino Playza has launched on the TRON network. Playza offers a fair and transparent online gaming experience for crypto users in eligible jurisdictions, with a range of traditional casino games available. There will be no sign-ups, withdrawals or deposits and no forms to fill out.

At launch, Playza will exclusively support TRON and TRX tokens for deposits, though plans are in place to support further digital assets – including ETH and EOS – in the months ahead.

Users are free to play slots, roulette, and a selection of other popular betting games by connecting to the platform via TRONLink, the most popular crypto wallet for TRON users.

By interacting with Playza, players can cut the middleman out of the equation and act as their very own custodian. The launch of a comprehensive decentralized gambling platform eliminates the need for users to complete invasive forms or verify their identity: all they need to do is connect TRONLink, fund an account, and start gaming.

Although there is no native Playza token, the platform intends to distribute dividends to the most active players for 10% of the total revenue accrued. The casino does not have minimum/maximum deposit limits for any of its featured games, and all deposits and withdrawals are processed instantaneously.

Billy Nguyen, chief operating officer at Playza said:

“We at Playza are excited to provide the gambling and crypto communities the most restriction free experience ever imagined! Using cutting edge TRONLink technology, we put the user in the driver’s seat, controlling every aspect of their balance and play from their personal wallets to our games.”

TRON has garnered a reputation as “Las Vegas on the blockchain” due to the number of gambling dApps under its umbrella. Applications such as TronVegas, Limitless, and Rocket Game give users the opportunity to place wagers in cryptocurrency, and to withdraw funds directly to their digital wallet.

The launch of Playza on TRON feeds into the latter’s goal of constructing a global digital content entertainment system on its highly scalable network. Playza’s team intends to realize the full potential of decentralized gaming and continue to make the platform fair, decentralized and robust to everyone.

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