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Why the Danish Red Cross put a volcano catastrophe bond on a blockchain

Why the Danish Red Cross put a volcano catastrophe bond on a blockchain

Quick Take The Danish Red Cross has teamed up with blockchain startup Replexus to issue the first-ever blockchain-based catastrophe bond. So-called cat bonds let the relief organization raise money that can be spent immediately in the event of a disaster. But why does the bond need a blockchain? This feature story is available to subscribers …

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Decentralized trading platform Opyn launches put options on Curve token

Decentralized trading platform Opyn launches put options on Curve token

Decentralized options trading platform Opyn has launched put options on Curve Finance’s governance token CRV, allowing traders to short the token. Put options give traders the right, not the obligation, to sell an underlying instrument at a fixed price on or before the expiry date. Opyn’s CRV put options have a strike price of $3 …

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The Bahamas’s central bank put its digital currency on its official balance sheet in April

The Bahamas’s central bank put its digital currency on its official balance sheet in April

In a financial statement published in late April, the Central Bank of The Bahamas achieved a little-known milestone — including its brand-new digital currency on its balance sheet. First included on page forty-seven of its annual report, the central bank noted that it had put $48,000 worth of the Sand Dollar into circulation. The document …

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Bitcoin Price Tests $9.4K as Demand for Put Options Drops

Bitcoin Price Tests $9.4K as Demand for Put Options Drops

Bitcoin’s price is gathering upward momentum as traders buy fewer put options, which are bearish bets on the top cryptocurrency.  At press time, bitcoin was changing hands near $9,400, representing a 2% gain on the day, according to CoinDesk’s Bitcoin Price Index. On a week-to-date basis, the cryptocurrency is now reporting over 8% gains. Bitcoin’s …

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Ethereum's advanced improvement proposals might put Bitcoin's dominance at risk

Ethereum’s advanced improvement proposals might put Bitcoin’s dominance at risk

Improvement proposals are crucial to the health and evolution of cryptocurrencies, with the Bitcoin and Ethereum‘s ecosystems at the forefront of several improvement proposals since their inceptions. While Bitcoin has proposals like Lightning Network, Taproot/Schnorr signatures, Miniscripts, and many other promising improvement upgrades, ETH also has also seen proposals like EIP 20, EIP 137, EIP …

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