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“# BitGo expands crypto insurance to cover over $700M ” Digital asset custody firm BitGo has expanded its cold storage insurance program, raising its insurance capacity by $600 million. BitGo debuted its crypto insurance program through global insurance and reinsurance market Lloyd’s of London in 2019. This enabled BitGo clients to acquire insurance for their…
“# One week of COIN: How is Coinbase’s Nasdaq listing shaping up so far ” April 14 was considered by many crypto enthusiasts all over the world as a watershed moment for the digital asset industry, as it marked the day when Coinbase, one of the largest crypto trading platforms in the world, made its…
“# Early Tesla investor Baillie Gifford invests $100M in Blockchain.com ” Baillie Gifford, a 110 year-old asset management firm known for its early bets on firms like Tesla, has invested $100 million in major cryptocurrency wallet service Blockchain.com. Blockchain.com co-founder and CEO Peter Smith announced Wednesday that Baillie Gifford’s contribution to its $300 million funding…
“# Online digital music retailer Beatport accepts Bitcoin for songs ” Beatport, a digital music portal for DJs and musicians, announced this week that it would begin accepting Bitcoin (BTC) as a means of payment on its website. Beatport hosts and sells music tracks for use by DJs, returning a portion of the proceeds to…
“# DMCC strikes deal to build blockchain-based precious metals refinery in Dubai ” Dubai Multi Commodities Centre — a free trade zone established by the Dubai Government — has signed a sale and purchase agreement with REIT Development to construct a 100,000 square foot precious metals refinery. According to a DMCC release on Wednesday, the…
“# Expert explains why Britain needs a digital pound ” The United Kingdom Chancellor of the Exchequer announced the launch of a CBDC task force this week, bringing together the Bank of England and Her Majesty’s Treasury to coordinate the exploration of a potential central bank digital currency. Depending on the feedback received from various areas…
“# Gemini exchange’s crypto custody doubled since January, reaching $25B ” The Tyler and Cameron Winklevoss-owned Gemini exchange announced a major milestone on Tuesday, as total cryptocurrency held in custody surpassed $25 billion for the first time. In charting its impressive growth, Gemini touted growing participation from institutional investors over the past year. Gemini Custody’s…
“# Snack companies are openly celebrating 4/20 thanks to DOGE ” United States-based meat snack Slim Jim is the latest food brand to jump into the crypto space by promoting the meme-centric cryptocurrency Dogecoin. In a tweet today, Slim Jim announced it was launching its own nonfungible token, or NFT, featuring the Dogecoin (DOGE) Shiba Inu…
“# Governments can stop Bitcoin by shutting down mining, says Electric Capital exec ” Electric Capital co-founder and partner Curtis Spencer implied that the Bitcoin network may owe its continued existence to the grace of world governments. In a panel at the Collision web summit on Tuesday, Spencer said lawmakers are the ones giving Bitcoin…
“# Uniswap’s weekly trade volumes reach record high of $10B ” Uniswap’s decentralized exchange set a new weekly volume record on Tuesday, with cumulative transactions exceeding $10 billion amid the ongoing DeFi boom. CEO Hayden Adams tweeted the milestone on Tuesday, with an accompanying chart showing a 25.7% weekly increase in volumes. If Uniswap managed…