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Sberbank, Russia’s largest financial institution, has announced the issuance of the first batch of structured bitcoin bonds. The instruments are currently offered to a limited number of qualified investors, but the bank expects to provide more crypto-linked securities soon. Sberbank Pioneers Bitcoin Bonds in Russia Cryptocurrency is slowly starting to become a mainstream asset in … Read more
Insurance companies are considering the launch of kidnap and ransom policies aimed at wealthy cryptocurrency holders, driven by increasing concerns over kidnappings of crypto entrepreneurs. K&R Insurance for Crypto Holders U.S. insurance companies are reportedly contemplating launching products specifically for wealthy cryptocurrency holders. The insurers hope these products, known as “kidnap and ransom (K&R) policies,” … Read more
In a regulatory filing submitted on Monday, Hong Kong’s Reitar Logtech Holdings Ltd. disclosed that it is negotiating a potential strategic acquisition of up to $1.5 billion worth of bitcoin to diversify its treasury reserves and fund global logistics technology expansion. Reitar Logtech Plans Treasury Diversification The Nasdaq-listed company (RITR) announced it is in advanced … Read more
The fan token of French football club Paris Saint-Germain (PSG) surged over 18%, rising from $1.98 to $2.34, following its impressive 5-0 victory against Inter Milan. This increase came after a significant decline of 28.5% in the token’s value from May 30 to June 1. PSG Adds Bitcoin to Its Treasury On June 2, the … Read more
Blockchain technology company BTCS Inc. acquired an additional 1,000 ethereum ( ETH) for approximately $2.63 million, expanding its holdings significantly. BTCS Expands Ethereum Holdings to 13,500 ETH With New Purchase The purchase, announced Monday, was executed primarily using the Crypto.com Exchange, the platform’s institutional-grade service. According to the announcement shared with Bitcoin.com News, the ether … Read more
Based on the most recent figures, non-fungible tokens (NFTs) generated approximately $474 million in sales throughout May, marking a 21.25% decline compared to April’s total. NFT Market Declines in May NFT sales maintained their downward trajectory in May, with monthly figures falling short by $127.9 million compared to the prior month. Although the number of … Read more
Following last week’s liquidation event exceeding $100 million, the infamous Hyperliquid trader James Wynn has once again plunged into the deep end—this time reopening a 40x long position on bitcoin, now valued at more than $98 million. Infamous Hyperliquid Trader James Wynn Dives Back Into the Deep End With 40x Bitcoin Bet On Monday, June … Read more
World, the proof of personhood and wallet platform, will allow users in Argentina to request a domiciliary iris scan for verification. This new feature is currently available only in the capital but will be extended nationwide. World Starts Rolling out Domiciliary Iris Scans in Argentina World is executing measures to ease access to its verification … Read more
The Agricultural Bank of Russia is considering crypto-based tools as an alternative to traditional settlement methods for exporting over 49.5 million tonnes of grain. This measure could open the agricultural commodities market to digital assets, pioneering this use case. Russia Mulls Crypto Settlements for Grain Exports Russia is increasingly open to crypto adoption. The Russian … Read more
Two New York Police Department detectives are under investigation for their alleged involvement in the captivity of an Italian cryptocurrency entrepreneur. Unapproved Security Services Two New York Police Department (NYPD) detectives who reportedly provided security at a luxury apartment where an Italian cryptocurrency entrepreneur was held captive are under investigation. Detectives Roberto Cordero and Raymond … Read more
