“Our approval of Evertas’ coverholder application is an example of collaboration between Lloyd’s insurer Arch and their new distribution partner on an innovative solution aimed at facilitating the growth of an industry sector previously hindered by a lack of risk transfer options,” said Hank Watkins, president of Lloyd’s in the Americas, in a statement. Source
Yuga Labs, the startup behind Bored Ape Yacht Club, is in talks with venture capital heavyweight Andreessen Horowitz (a16z) over a funding round that would give it a valuation as high as $5 billion, the Financial Times reported Thursday. Yuga Labs is in talks about selling a multimillion-dollar stake with a16z among the firms it is courting, the Financial Times said, citing people with knowledge of the discussions. Bored Ape Yacht Club, a collection of 10,000 algorithmically generated images of cartoon apes minted and sold as non-fungible tokens (NFTs) on…
Solana (SOL), one of the most active proof-of-stake (PoS) blockchains, appears to be a PoS protocol consuming the lowest amount of electricity per transaction, according to a new report. The Crypto Carbon Ratings Institute (CCRI), a research startup focused on the environmental impact of cryptocurrencies, released on Wednesday a new report calculating the electricity consumption and carbon footprint of major PoS blockchains. The CCRI specifically analyzed PoS networks including Cardano, Solana, Polkadot, Avalanche, Algorand and Tezos. According to the CCRI’s findings, the Solana blockchain consumed 0.166 watt-hours (Wh) of electricity…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BITCOIN INVESTING FOR THE LONG TERM Stock Smarts Online Course Grab a copy of my books: To invest in Bitcoin: To invest in US stocks: ———————————————————————————————— In this video we have Lea Thomspon ( from Washington to talk about her views on long term accumulation of Bitcoin. Is Bitcoin still cheap? Is Bitcoin still worth buying now? Should you buy Bitcoin even when it has gone up massively? What should be your style when investing in Bitcoin? What makes Bitcoin so relevant…
The decentralized finance (DeFi) space is continuing to heat up, with the world’s first ever exchange traded fund (ETF) launching this month. Hashdex, a Brazilian asset manager, is launching an ETF fund in collaboration with CF Benchmarks to track 12 DeFi tokens. The Hashdex DeFi Index ETF will be listed on the Brazilian stock exchange on February 17, allowing investors to track a basket of projects in the DeFi space. DeFi markets have grown tremendously over the last year to become an $80 billion market in 2021, with more growth…
The Financial Sector Conduct Authority (FSCA) has warned the investing public to be cautious when trading on the cryptocurrency platforms FTX and Bybit. The FSCA alleges that neither entity has been licensed to trade in Contracts for Difference (CFD) or to provide financial advisory and intermediary services in South Africa. FTX Not Authorized to Give Financial Advice South Africa’s financial services regulator, the FSCA, recently stated that the public must be cautious when dealing with the cryptocurrency exchange platform FTX. According to the regulator, FTX is not authorized to give…
The president of Nintendo says the games company will hold off on expanding into the metaverse until it can be sure that the medium will provide the “surprise and fun” its players expect. The comments by Nintendo President Shuntaro Furukawa were made during an earnings news conference Thursday, Reuters reported. This comes a week after another giant in the Japanese gaming industry, PlayStation creator Ken Kutaragi, came out against the metaverse calling it “isolating” and VR headsets “annoying”. In contrast to this hesitation on the metaverse, in mid-January Microsoft acquired…
After tipping off its plans for the metaverse in a Web 3 job posting last October, GameStop is partnering with Immutable X for the launch of its non-fungible token (NFT) marketplace, the company announced Thursday. The gaming retail giant said it tapped the Ethereum Layer 2 solution due to the network’s “zero gas fees for trading and minting NFTs in a carbon-neutral environment,” according to a press release. GameStop plans for its marketplace to include “billions of low-cost, in-game assets that can easily be bought and sold,” specifically mentioning digital…
Data center businesses, including legal mines, have to pay around three times the residential price for electricity, Sergey Arestov, a co-founder of BitCluster, told CoinDesk. If you are engaged in industry, you must pay for electricity accordingly, he said. Source
Sellers look to regain control after bull failure at technical resistance. Original