MGX investment in Binance
On March 12, 2025, it became known that the state investment fund MGX from Abu Dhabi invested $2 billion in the largest cryptocurrency exchange, Binance. This is the largest investment sum in a cryptocurrency company, paid in stablecoins. MGX had previously shown no interest in the cryptocurrency industry but is now seeking to combine innovations in artificial intelligence, blockchain technologies, and finance. This investment also underscores Abu Dhabi's ambition to become a center for cryptocurrency innovations.
Bitcoin price increase
Last week, Bitcoin reached a historic milestone, surpassing the $100,000 mark for the first time, reaching a peak of $104,000.
Warning about seed phrase scams
Binance CEO Richard Teng reported a new type of scam aimed at stealing users' cryptocurrencies. The scheme is known as 'Share-Seed-Phrase' scam and is gaining traction. Users are advised to be especially cautious and never share their seed phrases with third parties.
These events highlight the dynamism and rapid development of the cryptocurrency market, as well as the need for increased security awareness among users.$BTC
