Bitcoin Daily: Bids For Elon Musk’s NFT Tweet Top $1 Million; Crypto Inflows Hit $4.2 Billion In Q1 Of 2021

Billionaire and Tesla CEO Elon Musk is making a tweet of his that involved non-fungible tokens (NFTs) into an NFT, CNBC reported.

The tweet, according to the report, was a techno song with lyrics: “NFT for your vanity. Computers never sleep. It’s verified. It’s guaranteed,” followed by a short video loop showing a gold trophy labeled “vanity trophy.”

NFTs are digital collectibles and run on blockchain networks. The highest bid for Musk’s tweet is currently at $1.12 million and is from Sina Estavi, CEO of Bridge Oracle, the report stated.

In other news, cryptocurrency inflows have hit $4.2 billion for the first quarter of 2021, Reuters reported.

That number reflects a growing interest from institutional investors and is a new high for crypto, according to the report. The previous high was $3.9 billion in the fourth quarter of 2020.

Meanwhile, Roll has reported a crypto heist in which $5.7 million was stolen from its hot wallet, a company blog post stated.

The attacker was able to steal all the tokens and sell them on Uniswap for Ether, according to the post. The attacker had already sold all the tokens by the time the company wrote the post, and the company said it is disabling its hot wallet until it can be migrated.

In other news, Bitpanda, a European crypto company, has raised $170 million in a funding round, according to a report from Cointelegraph.

The new funding will allow Bitpanda to expand across Europe and set up new tech hubs for Madrid, Barcelona, London, Paris and Berlin, and also work to introduce the trading of fractional shares and exchange-traded funds (ETFs), the report stated.

Lastly, Texas Securities Commissioner Travis J. Iles has issued two orders stopping three unregistered cryptocurrency and alternative asset investment platforms, according to a press release from the Texas State Securities Board.

The actions were intended to stop “get-rich-quick” schemes from proliferating, such as the ones targeted, which were attempting to fraudulently tout promises of significant earnings, the release stated.

One order stopped Delta Crypt Limited, which was reportedly operating a platform based on fraudulent investments. The second names Digitaly Invest [sic] and FxSmart-Robots, which were reportedly offering fake investment plans, according to the release.