Texas to establish $10 mn bitcoin reserve following Governor’s approval of Senate Bill 21
Texas has become the first U.S. state to formally establish and fund a publicly held bitcoin reserve after Governor Greg Abbott signed Senate Bill 21 into law
Crypto & Blockchain News
Latest Crypto and Blockchain News on Beinsure Media covers the outlooks and developments in cryptocurrency and blockchain technology.
Beinsure highlights significant updates, trends, and insights from the crypto world. It provides in-depth coverage of new cryptocurrency launches, regulatory changes, technological advancements, and market shifts.
The Blockchain News section focuses on how these elements impact investors, businesses, and the overall financial landscape. Readers can find analyses of major crypto events, expert opinions, and practical advice for navigating the evolving digital currency space.
Tokenized reinsurance can expand capital access and lower industry costs
Tokenization of real-world assets, particularly reinsurance contracts, offers an opportunity to expand capital sources in the insurance sector
New tariffs put Bitcoin miners in the U.S. under pressure
American Bitcoin miners are struggling after President Trump’s new tariffs focus on crucial hardware imports
EU insurers to keep crypto exposure low under proposed S2 risk charge
EU insurers to maintain minimal exposure to crypto assets if the European Commission adopts a proposed 100% Solvency II (S2) risk charge
Crypto life insurtech Meanwhile raised $40 mn in a Series A, valued at $190 mn
Meanwhile, a life insurance startup that operates exclusively in Bitcoin, raised $40mn in a Series A funding round. The company is now valued at $190mn
Senator Miller introduces Minnesota Bitcoin Act to advance state crypto adoption
Senator Jeremy Miller introduced the Minnesota Bitcoin Act (SF2661), aiming to expand the state’s financial tools by incorporating crypto into state investment strategies
North Carolina proposes bills to allocate State retirement funds to crypto and bitcoin
North Carolina lawmakers have proposed twin bills in the House and Senate to allocate up to 5% of state retirement funds to crypto assets
Federal Deposit Insurance Corp updates guidance on banks engaging in crypto
Federal Deposit Insurance Corporation issued new guidance for banks under its supervision that are involved or planning to be involved in crypto
Digital asset insurtech Soter Insure sequred funding in Series A led by Galaxy
Insurtech Soter Insure, a provider of insurance products for the digital asset market, has raised an undisclosed amount in its Series A funding round, led by Galax
Relm Insurance launched of FaltaWEB3 to mitigate crypto exchange bankruptcy risks
Relm’s FALTAWEB3 responds to the increasing frequency of such events, aiming to strengthen confidence among commercial users of crypto exchanges
Blockchain Deposit Insurance Corp launched of an international crypto insurance division
Blockchain Deposit Insurance Consultant Group LLC announced the launch of an international cryptocurrency insurance division and plans to apply for Lloyd’s coverholder status
AI Financial Technology expands into Japan’s crypto insurance market
AI Financial Technology (AIFT), which operates the insurtech platform OneDegree, announced plans to expand into Japan following its rebranding last year
Insurtech Relm introduced 3 new AI-focused insurance products
Bermuda-based Relm Insurance has introduced three new AI-focused insurance products to manage risks associated with AI use in business operations
Oklahoma’s Strategic Bitcoin Reserve Act aims to strengthen State’s financial future
Rep. Cody Maynard, R-Durant, has introduced the Strategic Bitcoin Reserve Act (HB1203), a new legislative proposal aimed at making Oklahoma a leader in digital asset investments
Aiccelerate DAO launches to advance crypto and AI integration
Industry veterans from Coinbase, Google, ai16z, and other major firms have formed Aiccelerate, a new Decentralized Autonomous Organization (DAO)
Tron achieved deflationary status: what does it mean for investors
Tron (TNX) has achieved an important milestone this year. The ninth biggest cryptocurrency in the world has gotten deflationary status
Whisp.Money introduced payment and crypto payroll platform
Whisp.Money has introduced its payment and payroll platform with a focus on faster payments, crypto integration, and fintech-driven solutions
U.S. Court rejected a homeowner’s lawsuit against Lemonade Insurance over $170K crypto scam
U.S. appeals court rejected a homeowner’s lawsuit against his insurer over a $170,000 crypto scam loss. The three-judge panel ruled there was no error
Scaling the insurance industry with blockchain & DeFi: Insights from Nayms
The insurance industry has long struggled with issues of transparency, access, and operational efficiency. Blockchain technology offers potential solutions
Allianz acquires 24% of MicroStrategy’s $600 mn notes
Allianz, Germany’s largest insurer, has purchased 24.75% of MicroStrategy’s $600 mn convertible note offering. The deal was finalized in March 2024
Sompo tests blockchain for automatic claims processing on MaaS train delay insurance
Sompo Japan Insurance announced it is testing blockchain technology for automating claims on its Mobility-as-a-Service (MaaS) train delay insurance
Blockchain RWA platform Re tokenized reinsurance fund with $15 mn
Real-world asset (RWA) platform Re offering tokenized reinsurance, has launched its first open-ended reinsurance fund on the Avalanche (AVAX) network
Uniswap Foundation disclosed its $41.4 mn balance sheet
The Uniswap community is preparing to vote on a proposal to implement a new fee distribution plan. The Uniswap Foundation has disclosed its balance sheet
M2 Recovery launched a legal expenses insurance for crypto assets
M2 Recovery has launched a groundbreaking insurance policy, marking the world’s first initiative to cover legal expenses associated with reclaiming stolen crypto assets
Monad Labs, blockchain startup, sequred $225 mn Series A
Monad Labs, an ethereum blockchain developer, has closed a $225 mn Series A, the largest deal the sector has seen in over seven months
As insurers worldwide look for ways to modernize operations and enhance client experiences, blockchain offers a compelling solution to long-standing challenges
Multiple indicators suggest the beginning of another “crypto winter,” driven by sharp negative sentiment following the introduction of global tariffs and the risk of further escalation
Blockchain and cryptocurrency are two terms that have become inseparable, yet they are not the same thing. Blockchain is the technology. Cryptocurrency is the application of that technology
The partnership between Bitcoin and central banks will shape up in the following years because of economic circumstances, regulatory changes, and market preferences