Aon (AON), which advises on $5 trillion in assets as one of the world’s largest insurance brokers, said it has completed a proof of concept using stablecoins to settle insurance premium payments, an early sign that dollar-pegged tokens could begin to integrate more deeply into corporate finance. The London-based company worked with crypto exchange Coinbase […]
Crypto assets traded higher during the US session on Monday, rebounding from the sharp overnight losses that brought bitcoin. BTC$69,029.53 up to almost $65,000. Bitcoin was trading at midday at just under $69,000, up 2.5% over the past 24 hours, while Ether (ETH) reclaimed the $2,000 level, up 4% over the same period. Among crypto-related
BTC rises 5% from worst levels overnight, reclaiming $69,000 Read More »
Bitcoin BTC$68,774.38 could win if a potential conflict between the United States and Iran drags on for months, as higher government spending, growing debt and lower interest rates create conditions that have historically supported the cryptocurrency, according to macrostrategist Mark Connors. Wars are expensive and financing them usually requires governments to issue more debt, said
Zcash Open Development Lab (ZODL), a new development group formed by the former core team of Electric Coin Company (ECC), has raised over $25 million in seed funding to continue building the privacy-focused cryptocurrency ecosystem. The round had support from Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Chapter One, Balaji Srinivasan and several
Paradigm, a16z, Winklevoss Capital, Balaji Srinivasan among ZODL investors Read More »
The VIX and bitcoin often move in opposite directions, with sharp rises in the volatility index frequently coinciding with bitcoin’s local lows. The CBOE Volatility Index (VIX), which measures the expected volatility of the S&P 500 based on options prices and is widely considered Wall Street’s “fear gauge,” surged to its highest level in nearly
BTC Could Hit Its Low, Based on Stock Market VIX Read More »
BitMine Immersion Technologies (BMNR), the largest Ethereum-focused treasury firm, purchased 60,976 ether (ETH) last week, increasing the pace of accumulation as the company bets that crypto prices are nearing the end of what it calls a “mini winter.” The latest purchase, worth around $120 million at current prices, brought BitMine’s ETH holdings to over 4.5
Bitmine (BMNR) Buys 61,000 Ether (ETH) as Tom Lee Sees End in Sight of Bear Market Read More »
Nigel Farage invests in UK treasury firm Bitcoin Stack
Nigel Farage invests in UK treasury firm Bitcoin Stack Read More »
CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1948.46, up 0.1% (+2.05) since 4 p.m. ET on Friday. Nine of the 20 assets are trading higher. Leaders: AVAX (+2.0%) and ICP (+1.4%). Lagging behind: AAVE (-4.5%)
Avalanche (AVAX) gains 2% as index trades flat Read More »
Strategy acquires 17,994 bitcoins
Strategy acquires 17,994 bitcoins Read More »
KAST, a stablecoin financial platform focused on cross-border payments, has raised $80 million in Series A funding led by QED Investors and Left Lane Capital, the company announced Monday. The company said it plans to use the funding to develop its product, invest in licensing and compliance, and grow its team. KAST is building a
