![]() ![]() This exponential surge may be mostly due to the expectation that has surrounded the approval of a spot Bitcoin Exchange-Traded Fund (ETF) by the Securities and Exchange Commission (SEC) of the United States of America. According to the most recent market report provided by QCP Capital, this development brings Bitcoin's gain for the year to date (YTD) to a total of 260%. One another extraordinary jump in Bitcoin (BTC) has occurred on the cryptocurrency market, with the price of Bitcoin increasing by fifteen percent in just the first week of December. Other alternative cryptocurrencies, on the other hand, have trailed behind the two most renowned cryptocurrencies.Ī 15% Increase in Spot Bitcoin December: Keeping an Eye on the Possibility of SEC Approval The weekly chart shows that Bitcoin (BTC) has had a 15% increase, with Ethereum following the trend. Despite this, it is quite likely that the rise is still in its preliminary phases, and Bitcoin is getting ready to witness further rewards in the months to come.Īs this article is being written, the cryptocurrency is now trading around $43,300, regaining levels that were last seen in 2022, prior to the fall that sent it to its annual lows. Magazine: AI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employeesįollowing a week in which it broke through important resistance levels, the price of Bitcoin slowed down its ascent. Meanwhile offers whole life insurance, which is a policy that has a cash - BTC - value in addition to a death benefit.īitcoin-related technology and investment services provider New York Digital Investment Group said in 2021 that it had secured $100 million in funding from major insurance providers to launch “Bitcoin-powered solutions for U.S.-based life insurance and annuity providers.” Coverage is available only in the United States at present, but it is waitlisting citizens of other countries as well. It accepts premiums and pays benefits exclusively in BTC. Meanwhile Group launched Bermuda-based Meanwhile Insurance in June with $19 million in funding. ![]() Perhaps never a better time to lock in the long-term HODL with BTC life insurance ) /YrkDmaRQKe Meanwhile Group is backed by OpenAI and Worldcoin CEO Sam Altman, former Stripe executive Lachy Groom and Google-linked Gradient Ventures, among others. “This private credit fund offers unparalleled potential for institutional investors to unlock the full value of their BTC holdings without compromising their ownership, seizing a unique opportunity for optimized returns.” Meanwhile Group co-founder and CEO Zac Townsend said: Funds will be loaned in BTC and fees will be charged in BTC. ![]() dollars that will be converted into BTC at the fund’s close. Related: Coinbase launches crypto lending platform for US institutionsįund participants will invest U.S. By vetting loan recipients, the fund “effectively mitigates” the risk associated with retail platforms that provide loans predominantly to individuals, the company said in a statement. Meanwhile Advisors are targeting a 5% yield on the Meanwhile BTC Private Credit Fund term. The closed fund will offer investors a “conservative” yield in Bitcoin and lend funds in BTC to institutional counterparties at the managers' discretion. Bitcoin life insurance innovator Meanwhile Group has come out with a private credit fund denominated in Bitcoin (BTC). ![]()
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