HSBC Leads $6.85m Funding for Blockchain Insurance Startup
A $6.85 million investment lead by HSBC was raised by blockchain insurance startup MediConCen, which wants to enhance the industry by “simplifying and speeding up the claims journey.” With its headquarters in Hong Kong, the business announced on its blog that additional investors in the investment round included newcomer Wings Capital Ventures, G&M Capital, and […]
Grayscale’s GBTC Sees Record Outflow as Bitcoin ETFs Gain Momentum
According to the data from Bloomberg Intelligence, GBTC has seen a record outflow of $101.6 million on February 9, 2024. This is the highest outflow since GBTC started trading in 2013 and the first time that the outflow exceeded $100 million. This also marks a reversal of the trend that saw GBTC outflow slowing down […]
Binance and INTERPOL Join Forces to Boost Cybersecurity
Binance, a leading cryptocurrency exchange, has partnered with INTERPOL to enhance global cybersecurity and fight cybercrime. Binance has hosted a virtual session with INTERPOL officers to share insights and best practices on crypto investigations and web3 policing. INTERPOL is an international organization that facilitates cooperation and coordination among police forces from 194 member countries. The […]
Top Analyst Forecasts XRP Price Increase to $1.88
XRP, a Ripple-backed token, sparked significant attention after a top crypto market analyst forecast it would reach $1.88 amid price surge. On Friday, XRP, one of the most prominent cryptocurrencies by market cap worldwide, sparked a tidal wave of speculation throughout the entire crypto industry when a leading crypto market analyst predicted the token would reach $1.88 in advance. […]
Bitcoin ETFs Make Over 10% of BTC Spot Trading — Analysts
U.S. spot Bitcoin ETFs now account for “only 10-15%” of the total Bitcoin spot trading volume across centralized exchanges (CEX) worldwide and possess approximately 650,000 BTC or 3% of the outstanding Bitcoin supply. Short-term attention towards spot Bitcoin exchange-traded funds (ETFs) could potentially divert attention away from the more significant crypto trends emerging in the […]