Prepared by Marcus Sotiriou, investment analyst of GlobalBlock (TSXV: BLOK), a listed digital currency artist broker.

Last week, Bitcoin increased by $17000, and struggled to reach $16700 when writing this article. However, government departments around the world have gradually changed the encryption field. According to a local newspaper, Nigeria will quickly comply with a decree to make cryptocurrency legal, which contradicts Nigeria's previous laws. In addition, the first Bitcoin ETF in Hong Kong has been officially released. Hong Kong is the gateway to China's financial industry, so it may be a popular side door for Chinese Mainland assets to enter Bitcoin.

Aztec, the personal privacy layer of Web3, raised $100 million in the round B equity financing led by a16z crypto, a branch of Andreessen Horowitz. At this stage, Aztec provides personal privacy services for applications in Ethereum, but now the scheme creates an encrypted version of Ethereum, allowing me and the management to conduct private direct transactions. Personal privacy is an integral part of cryptocurrency, and Joe Andrews, the founder of Aztec civilization, evaded that:

"Without encryption, daily life is not happy in this era. Doing things without privacy will be a very terrible world, not the world they want."

A Capital, King River, Variant, SV Angel, Hash Key, Fenbushi and AVG all participated in that round of competition together with 16z cryptocurrency. In the recent weeks of frenzy in the crypto sales market, it is proactive to see that investors are not timid, and investors' appetite is still strong.