Energy Firm Discloses Major Crypto Losses Amid Blockchain Rebrand

Life insurance is the latest traditional financial product to receive crypto's red-hot tokenization treatment.Infineo, a company that focuses on blockchain-based life insurances, said Tuesday that it has transferred the "first-ever" tokenized life insurance policy on distributed ledger system. The firm minted a total of $9.4 million worth of policies using the Provenance network, according to

Protection Over Profit: What Early Mining Patterns Suggest About Bitcoin’s InventorThe takeaway: New research from RSK/IOV’s Sergio Demian Lerner reveals that Patoshi, an early Bitcoin miner assumed by many to be Satoshi Nakamoto, mined using an algorithm that was not included in Bitcoin’s first client release.This finding finally explicates why Patoshi’s hashing patterns are so…

news Malta-based cryptocurrency exchange Binance has agreed to help Ukraine prepare new rules for cryptocurrencies, as well as digitize the country’s finances. Announced by the exchange Wednesday, Ukraine’s Ministry of Digital Transformation has signed a memorandum of understanding (MoU) with Binance to work together on “establishing the potential legal status of virtual assets and currencies…

Tether is going live on the decentralized finance (DeFi) platform Avalanche, the company behind the largest stablecoin by market capitalization announced Wednesday.Tether Operations Limited said that the launch of tether tokens (USDT) on Avalanche would “support the long-term growth and sustainability of the Avalanche network” while boosting stablecoin usage across the DeFi ecosystem.The company also…

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 1,968 +2.8% Bitcoin (BTC): $61,253 +3.0% Ether (ETH): $2,638 +2.0% Nikkei 225: 38,211.01 +0.68% Top Stories Bitcoin rallied during the

news Facebook CEO Mark Zuckerberg has refused to commit to the planned 2020 launch for the Libra cryptocurrency project. Talking in interview with Nikkei on Thursday, Zuckerberg was asked about the expected date of the stablecoin’s arrival, to which he replied: “Obviously we want to move forward at some point soon [and] not have this take…

Jun 12, 2020 at 21:28 UTCHow an Art Collective Is Using Blockchain to Protest Police BrutalityA blockchain-centric art project is pushing the boundaries of modern art with a controversial digital display. The DADA Art Collective, a loosely affiliated group of roughly a dozen visual artists across the globe, teamed up with the non-fungible token (NFT)…

news Cryptocurrency exchange Coinbase has expanded its Earn program to 103 countries. Now users from the U.S., U.K., much of the EU, Canada, Singapore, Australia, Hong Kong, New Zealand, South Korea and Taiwan can sign up to earn cryptocurrency rewards for learning about the tech, Coinbase announced in a blog post on Friday. The full list…

feature ConsenSys is restructuring as it seeks to raise $200 million. The ethereum-centric conglomerate’s ConsenSys Ventures arm, originally founded in September 2017 with a $50 million war chest from founder Joseph Lubin, is now being combined with other sectors of the ConsenSys “mesh,” including the Tachyon startup accelerator and ConsenSys Labs. Related to the move,…