Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Lloyd’s Of London to Insure Custody Platform for Digital Currency
U.K. insurance market leader Lloyd’s of London will insure a crypto custody platform by U.S.-based custodial firm Kingdom Trust, according to a press release published August 28. Founded in 1686, Lloyd’s of London is a British insurance firm that is active in over 200 countries. The company reportedly paid claims in the amount of £68…
BTC may need to dip to $19.3K to cool Bitcoin profit-taking — new data
Bitcoin (BTC) would need to return below $20,000 to reset a key metric which covers speculative profit-taking, data shows.In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode revealed that short-term holders (STHs) may be dictating BTC price resistance.Profit-taking reinforces resistance levelsAs BTC/USD climbed towards $25,000, STHs — those holding coins…
Why Bitcoin Gold Got Delisted From Bittrex
Crypto exchange Bittrex is set to delist Bitcoin Gold (BTG), a hard fork of Bitcoin (BTC), by Sept.14, after details of an $18 million hack of the BTG network in May emerged this week. How unexpected was this announcement coming from the exchange, and what are the chances for BTG now that it has found…
Paradigm unveils new $2.5B crypto fund
Paradigms new $2.5 billion New Venture Fund has dethroned A16z as the largest venture fund in crypto. 619 Total views 25 Total shares Crypto investment firm Paradigm has revealed a new $2.5 billion”New Venture Fund” to expand its investment into cryptocurrency companies and protocols.According to a Nov. 15 announcement, Paradigm co-founders Fred Ahrsam and Matt Huang stated…
FTX’s Sam Bankman-Fried prosecutors submit proposed jury instructions for trial
Ahead of FTX co-founder Sam Bankman-Fried’s October trial, government prosecutors have laid out their requests for how the jury should be directed. 104 Total views 1 Total shares United States prosecutors have put forward their proposed instructions to the jury ahead of the October trial for FTX co-founder Sam Bankman-Fried.The lengthy 100-page Aug. 21 filing…
Report: Chinese E-Commerce Giant JD.com Has Applied for Over 200 Blockchain Patents
Chinese e-commerce giant JD.com has applied for over 200 blockchain patents, according to a report by Securities Daily News on May 20.The report also notes that major e-commerce competitor Alibaba has applied for 262 blockchain patents, and Chinese internet titans Tencent and Baidu have applied for 80 and 50 such patents, respectively, as recorded by…
World’s first fully anonymous DAO created to ‘defend freedom’
Everything about this DAO is designed to be completely anonymous and invisible on the blockchain, said Bitcoin OG Amir Taaki.