“Binance respectfully requests that Tigran Gambaryan, who has no decision-making power in the company, is not held responsible while current discussions are ongoing between Binance and Nigerian government officials,” the exchange said in Wednesday’s blog post, akin to a character statement. Source
Relm, which also provides insurance to emerging industries like cannabis and psychedelics, has created a five-part offering for digital asset risks, such as cyber cover, crime coverage for holding crypto in hot wallets (connected to the internet), or covering investment managers of digital assets funds. In addition, there are more esoteric cover options like reimbursement for losses associated with staking Ethereum, where a participant can have their assets “slashed” for being offline, for example. Source
Bitcoin’s (BTC) steep rally has recently lost impetus. Still, the supply of stablecoins or dollar-pegged cryptocurrencies, often considered a powder keg that could be used to fund token purchases, continues to rise, a sign of reassuring stability to bitcoin bulls. Bitcoin hit record highs above $73,500 on March 14 and has since struggled to keep gains above $70,000, mainly due to the dwindling probability of a Fed rate cut in June. At press time, the leading cryptocurrency by market value was changing hands at $66,300, down 10% from its all-time…
Cross-chain bridge Wormhole initiated an airdrop that will see early users rewarded with 617 million of its newly issued governance token, W Source
The first client to use the tool will be a partnership between asset manager DWS, Flow Traders and Galaxy to manage a fully collateralized euro-denominated stablecoin, GK8 said. Source
“With Robinhood only having ~1% share of U.S. self-directed assets, but ~20% share of estimated total U.S. self-direct brokerage accounts, we believe there is room for HOOD to outpace the overall asset growth in the self-directed industry as its core client cohort matures,” the authors wrote. Source
Supporting the creator economy with AI-generated video will take more GPUs than all major tech companies operate. Source
The Information Commissioner’s Office (ICO) is calling on social media and video-sharing platforms to improve their data protection practices so children are safer when using their services. This comes as the regulator sets out its 2024-2025 priorities for protecting children’s personal information online. Since the introduction of its Children’s code of practice in 2021, the ICO has been working with online services including websites, apps and games to provide better privacy protections for children, ensuring their personal information is used appropriately within the digital world. There has been significant progress…
The U.S. bitcoin ETFs were approved by the Securities and Exchange Commission in January and started trading Jan. 12, when the asset was priced around $45,000. Since then, bitcoin has climbed to a record $73,000, prompting a change in the market dynamic from fundamentals to spot ETF performance, some firms say. Source
The broker raised its price target to $230 from $160 and maintained its market perform rating. Source