Author: NBTC
Evertas and Nayms use a public blockchain to help coordinate between brokers, insurers and the insured. The partnership allows customers to pay in USDC or native crypto, or to place policies completely on-chain. Lloyd’s of London, the three-century-old insurance marketplace, is backing digital asset protection policies arranged on the public Ethereum blockchain that can be paid for natively, on-chain using cryptocurrency, courtesy of Lloyd’s coverholder Evertas and smart contract insurance provider Nayms. It wasn’t so long ago that any kind of cryptocurrency insurance cover was hard to come by. Aside from the efficiency benefits of paying for policies in crypto…
Long-term Bitcoin holders sold 200,000 BTC in 2024, worth $10 billion in May and $1.2 billion in June, reflecting a declining trend. Long-term Bitcoin (BTC) holders have been reducing their holdings throughout 2024, with significant sell-offs observed in May and June. According to IntoTheBlock data, May saw a sharp decline in long-term BTC holdings, with approximately 160,000 BTC worth around $10 billion sold. Long-term BTC holders have been reducing their holdings throughout 2024. May saw a significant drop with 160k BTC (~$10B) sold. The selling slowed down somewhat in June, with 40k $BTC Leaving long-term holders’ wallets pic.twitter.com/POtniNrU4p — IntoTheBlock…
Which of the newly launched Ethereum ETFs are showing the most promise, and why? Read on Table of Contents Which spot ETH ETFs are live? Coinbase at an advantage The road ahead for spot ETH ETFs On July 23, the crypto market reached a key milestone with the launch of nine spot Ethereum exchange-traded funds (ETFs), following months of anticipation and regulatory hurdles. Major financial players including Grayscale, BlackRock, Franklin Templeton, Fidelity, VanEck, Bitwise, 21Shares, and Invesco received the green light after their S-1 registration statements were approved. Contrary to a quiet debut, these ETFs made a strong impression, netting…
Commercial Bank of Dubai (CBD), a United Arab Emirates-based bank, has launched dedicated accounts for virtual asset service providers to manage client funds. CEO Bernd van Linder said the move aligns with CBD’s core banking services and supports the bank’s plans to foster the digital economy. VASP Accounts Align With Bank’s Vision Commercial Bank of Dubai (CBD), a leading United Arab Emirates (UAE) bank, has launched dedicated accounts for Virtual Asset Service Providers (VASPs) to manage client funds and meet regulatory prudential requirements. CBD introduced the specialized accounts to comply with regulations from the Central Bank of the UAE and…
Solana-to-Bitcoin cross-chain bridge Zeus Network’s native token ZEUS experienced a notable price surge, increasing by 19% in a single day to $0.2931. At the time of writing, the ZEUS was still up 11.6% in the last 24 hours, trading at $0.2705 per data from crypto.news. In the same time period, the crypto asset’s trading volume hovered around $15.5 million. The cryptocurrency has also jumped 59% over the past week. ZEUS price chart | Source: TradingView Moreover, ZEUS’s market cap had also surged to $45.4 million. However, the token’s price is still down 75% from its all-time high of $1.11 reached…
Yesterday, Aug. 1, 2024, Bitcoin (BTC) mining difficulty reached a historic peak following a significant increase of 10.5%, reports Galaxy’s Head of Research Alex Thorn. In percentage terms, this rise is the 24th largest since 2016, the 73rd since 2012 and the 119th largest of all time. However, in absolute terms, says Thorn, this marks the largest difficulty increase ever recorded. The latest difficulty adjustment shows that competition among miners is on the rise as the Bitcoin network expands and becomes more complex after this year’s halving. Higher mining difficulty usually means a tougher environment for miners, which can affect…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Blockchain is among the most prominent tech buzzwords today, and rightly so. For a technology that started out as a means to democratize user authority in several sectors, blockchain has moved beyond the realm of technical whitepapers to real-world applications impacting several consumer-facing domains. However, with growing demand, its limitations are becoming quite apparent. Not to mention the burgeoning development cost for developers looking to test and build their own networks. So how can the ecosystem make…
Billionaire enterpeneur Peter Thiel says he still holds Bitcoin (BTC) and continues to support for the benchmark cryptocurrency. .Thiel has something else to say about Bitcoin – specifically about its price. The entrepreneur and founder of venture capital firm Founders Fund says that the price of Bitcoin may not rise as “dramatically” as many hope. Thiel shared this view during an interview at the Aspen Ideas Festival in Colorado on Thursday. Peter Thiel still holds Bitcoin During the interview, in which Thiel commented about Nvidia, TikTok and the upcoming US elections, CNBC’s Andrew Ross Sorkin asked Thiel whether he still…
The value of Ether (ETH) has been on the rise lately, and so has Ethereum’s open interest. While this signals bullish sentiment from traders, it also indicates impending volatility and calls for caution in the market. According to CryptoQuant analyst Burak Kesmeci, Ethereum’s open interest data has increased by almost $1.5 billion in the past three weeks. Ethereum Open Interest Soars Open Interest refers to the number of open long and short positions for financial instruments. A higher open interest value signifies increased confidence in an asset’s price trajectory, while a lower value is a sign of uncertainty. At the…
Andreessen Horowitz’s (a16z) crypto investment arm has spearheaded a $9 million investment in the decentralized physical infrastructure network (DePin) project Daylight Energy. This initiative marks a pivotal advancement in decentralized solutions for the energy sector. It aligns with the growing trend of integrating blockchain technology to revolutionize grid management and energy distribution. Daylight Energy Launches Its Testnet Following the a16z Investment Daylight Energy will utilize the newly acquired funds to enhance its testnet. This testnet pioneers a decentralized protocol that transforms energy grid operations through distributed energy resources (DERs). The project tackles crucial inefficiencies in the current system by harnessing…