BITCOIN

Meanwhile, a life insurance company that uses bitcoin, has accumulated $19 million through two seed funding rounds. The first round was led by Openai CEO Sam Altman and former Stripe executive Lachy Groom, while Google’s Gradient Ventures took charge of the second round. Crypto Startup Meanwhile Gains $19 Million for Bitcoin Life Insurance Endeavor The Bermuda-registered bitcoin life insurance startup Meanwhile announced its successful procurement of $19 million in two seed rounds. The company aims to provide an AI-focused insurance policy denominated in the prominent cryptocurrency, bitcoin (BTC) . The firm’s web portal discloses that policies are available for people who sign up for the waitlist. “We’ll notify you about your position in the queue,” Meanwhile’s website says. Licensed by the Bermuda Monetary Authority, Meanwhile is initially targeting bitcoin holders residing in the United States. The newly acquired funds will be allocated to establish a development team. Meanwhil

Binance, the world’s largest cryptocurrency exchange by trade volume, saw significant outflows of bitcoin, ethereum, and stablecoins starting on June 3, 2023, according to data from cryptoquant.com. In the past 68 hours, Binance has seen bitcoin outflows of around 15,438 BTC worth more than $420 million. SEC Lawsuit Against Binance Results in Significant Outflows Amid the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Binance and the SEC’s request to freeze assets belonging to Binance US, the exchange has experienced significant outflows. As of June 6, 2023, at 9 p.m. ET, Binance has seen $10.30 billion in 24-hour trade volume worldwide. According to statistics recorded by coingecko.com, a significant portion of Binance’s volume comes from BTC / USDT and BTC /TUSD trading pairs. According to data from cryptoquant.com , Binance has experienced a significant outflow of BTC , ETH , and stablecoins from the platform. The outflow began leaving Binance reserves app

Economist Alexis Habiyaremye from the University of Johannesburg says that a proposed common BRICS currency, if used effectively and systematically for all trade transactions between BRICS nations, would “alleviate the burden on these countries to finance” the “disproportionate advantage that the dollar enjoyed in the international monetary system.” ‘BRICS Currency Has a Real Prospect of Becoming Global Currency’ Economist Alexis Habiyaremye discussed the challenges a common BRICS currency could pose to the U.S. dollar’s global reserve currency status in an interview with Putnik, published Saturday. Habiyaremye is a senior researcher who works for the South African Research Chair in Industrial Development at the University of Johannesburg, South Africa. He holds a Ph.D. in Economics and Policy Studies of Technical Change from the United Nations University/Maastricht University (UNU-MERIT). Citing the “disproportionate advantage that the dollar enjoyed in the international monetary

Seeking court approval, the U.S. Securities and Exchange Commission (SEC) is actively pursuing a measure to freeze cryptocurrency assets linked to Binance US. In order to to “ensure the safety of customer assets,” the securities regulator deems this action as an urgent necessity. SEC Files Emergency Motion to Freeze Assets Held by BAM Management US Holdings and BAM Trading Services The U.S. Securities and Exchange Commission (SEC) took decisive action on Tuesday by filing an emergency motion. This motion urgently requests a temporary restraining order from the court, aimed at freezing the assets under the control of BAM Management US Holdings and BAM Trading Services. These are the primary operating entities responsible for managing Binance US, a U.S. subsidiary of the prominent cryptocurrency exchange Binance. In addition, the order explicitly forbids Binance from engaging in any activities that could lead to the destruction, alteration, or concealment of pertinent records. Anot

According to Venket Naga, the CEO of Serenity Shield — a privacy-preserving decentralized application — many of today’s crypto holders understand the importance of not just protecting and preserving their assets but the ability “to pass them on in case of unexpected events.” In written answers to questions sent by Bitcoin.com News, Naga also argued that the much-desired mass adoption of cryptocurrencies cannot be achieved “without a robust estate planning solution.” ‘A Blockchain Problem Requires a Blockchain Solution’ Venket Naga, CEO of privacy-focused decentralized application Serenity Shield, believes that inheritance plans in crypto are important, but also acknowledges that having such a plan comes with risks which include the loss or theft of private keys. The CEO also agreed that in some cases, hardware devices used to store digital assets may become compromised and this could lead to permanent losses. However, Naga insisted that crypto holders can still overcome the risks a