Verge partners Royal Queen, GMO becomes a sports sponsor, insurance companies don't accept crypto, ING research, Spencer Bogart remains super bullish, Binance loses its leadership, Bitcoin key will be revealed, opinion of the world's leaders, $300 million crypto fund
- Verge (XVG) tries to be involved in every sphere of business and today was announced that a world-renowned cannabis company, Royal Queen, is now accepting Verge.
- Sports sponsorships are becoming increasingly common for the crypto industry. GMO Coin, the cryptocurrency arm of the Japanese giant GMO Internet, has announced today that it is the official sponsor of the Japanese baseball team, the Chiba Lotte Marines.
- Due to the recent series of cyber attacks, cryptocurrency exchanges are having a hard time taking out an insurance policy. Insurance companies are reluctant to accept crypto exchanges as their policyholders due to their credibility and security issues.
- According to new research from Dutch multinational banking and financial services giant ING, interest in cryptocurrency is expected to double.
- Blockchain Capital partner Spencer Bogart is ‘super bullish on crypto right now’, but admittedly thinks bitcoin price could still fall further.
- According to CoinMarketCap, the trading volume of two new exchanges, CoinBene and Bit-Z, is now almost $2 and $1.5 billion respectively – both well ahead of the $1 billion in volume posted by the previous leader, Binance.
- Bryan Bishop, the Bitcoin Core contributor, said that a long-secret Bitcoin key will be revealed in July. Private key is entrusted to several bitcoin developers that activates the protocol's so-called ‘alert system’.
- Opinion of the world’s leaders about crypto will be vitally important in determining the direction the cryptocurrency market will travel in the future.
- Andreessen Horowitz has launched a new $300 million crypto fund that would go into cryptocurrency-related companies.