Crypto News
Bitcoin Life Insurance Firm Meanwhile Raises $40M to Expand Globally
Meanwhile, a startup offering life insurance and annuities denominated in bitcoin (BTC), raised $40 million in series A funding round, CEO Zac Townsend said on Thursday in an X post.The investment was led by venture capital firms Framework and Fulgur Ventures, with early Bitcoin-advocate Wences Casares also participating.Traditional life insurance pays out in fiat currencies. Meanwhile flips this model, keeping premiums and benefits in bitcoin, aiming to help policyholders guard against inflation and currency devaluation. In countries where local currencies lose value, holding policies in BTC could help preserve purchasing power for future payouts. However, policyholders also take on bitcoin’s price volatility.The firm plans to use the funds to accelerate its global rollout, targeting regions where inflation and currency instability...
How the Basis Trade Unwind Could Affect Bitcoin and Crypto
The Federal Reserve intervened when this crowded trade unwound during the coronavirus pandemic.Source link
Bitcoin Wavers as ‘Confusing Environment’ on Wall Street Sets In
The leading cryptocurrency couldn’t hold above the $80,000 mark on Thursday.Source link
Bitwise: Tariff Turmoil Will Ultimately Benefit Bitcoin, $200K Still in Play
Bitwise CIO Matt Hougan commented that after this tariff issue ends, bitcoin will ultimately be favored in the aftermath. Hougan believes that the endgame of the tariff issue will include a dollar devaluation, which would precede a new reserve system with bitcoin and gold at the forefront. Bitwise Believes Trade War Will Push Bitcoin toSource link
Ethereum Whale Offloads $22 Million After Holding for 9 Years
Based on current prices, the investor may have generated more than 18,000% in profits.Source link