Blockchain Bites: OKEx Freezes Withdrawals, DeFi Audits Queue, Nigeria Urges Crypto Adoption

Bitcoin grantsCoinbase is sponsoring at least two Bitcoin Core developers with its new Crypto Community Fund.

The NSC's strategy calls for investing in, developing, adopting and promoting the priority technologies, which also include AI, data science, quantum computing and "Space technologies," weapons of mass destruction mitigation technologies, and others.

Digital NigeriaNigeria's federal government is reportedly developing an ambitious plan to facilitate national crypto adoption with the vision of creating a "Digital Nigeria." According to an early draft of the strategy framework obtained by local publication Technology Times, the country's Federal Ministry of Communications and Digital Economy and the National Information Technology Development Agency have partnered to develop a blueprint for national blockchain adoption.

Nigeria's mission is to drive adoption of the technology in public administration, leading to improved efficiency, transparency and accountability, according to the document.

Everything OK?Crypto's reaction to news of one of the industry's most active spot and derivatives exchanges, OKEx, pausing withdrawals has been decidedly muted.

One of the necessary signatories, OKEx co-founder Mingxing "Star" Xu, had been taken into police custody.

OKEx CEO Jay Hao said over Weibo the key holder's cooperation with officials was due to a "Personal issue" and the investigation would not affect the business.

The exchange clarified hours later, "Funds are safe and all other functions on OKEx are unaffected."

Approximately 200,000 bitcoins - worth some $2.3 billion - are currently held in OKEx wallets, according to Glassnode.

"Read between the lines - OKEx has a single point of failure in their key management architecture, and it's currently failing," Jameson Lopp, CTO of Casa, tweeted.