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Meanwhile, a Bermuda-based life insurance firm specializing in bitcoin has successfully raised $40 million in a Series A funding round, co-led by Framework Ventures and Fulgur Ventures, with participation from Wences Casares, former CEO of Xapo. This funding boosts Meanwhile's total financing to $60.75 million, which includes $20.5 million from prior seed funding. The company offers a unique "BTC Whole Life" insurance product, a bitcoin-backed whole life policy.
In a significant political shift, the cryptocurrency industry funneled over $245 million into the recent elections, helping candidates like Bernie Moreno defeat long-standing incumbents and secure nearly 300 pro-crypto lawmakers in Congress. This strategic investment aimed to eliminate critics and bolster support for crypto-friendly regulations, particularly following the SEC's aggressive stance under Gary Gensler. With the backing of major crypto executives and PACs, the industry is poised to exert unprecedented influence over future legislative agendas.
Wences Casares
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Bitcoin life insurance firm Meanwhile secures 40 million in series A funding
07:20 11.04.2025
crypto funding reshapes political landscape as pro blockchain candidates emerge
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