Large bitcoin investors, popularly known as bitcoin whales, have kept on accumulating BTC as the price of the flagship cryptocurrency dropped earlier this year, indicating confidence in the ongoing bull market.

A survey published by crypto index fund provider Bitwise Asset Management has revealed that the number of financial advisors allocating funds to the cryptocurrency space has increased by roughly 50% in one year.

Nexus Mutual, a startup providing a decentralized alternative to insurance, is extending its offering to cover users of established cryptocurrency exchanges like Coinbase, Binance, and Kraken.

Top stories in the Crypto Roundup today:

• Bitcoin Whales Kept Accumulating as BTC’s Price Crashed
• Number of Financial Planners Investing in Crypto Rose 50% in a Year
• Ethereum-Based Decentralized Insurance Firm Expands to Centralized Exchanges
• AAVE, DOT, BSV Are Moving in the Crypto Market

Bitcoin Whales Kept Accumulating as BTC’s Price Crashed

Large bitcoin investors, popularly known as bitcoin whales, have kept on accumulating BTC as the price of the flagship cryptocurrency dropped earlier this year, indicating confidence in the ongoing bull market.

The number of bitcoin whale entities, defined by clusters of wallet addressed held by a single network participating with at least 1,000 BTC, rose to a new record of 2,140 as the price of bitcoin dropped to a low under $30,500 after hitting a new all-time high close to $42,000.

The price of the cryptocurrency dropped amid heavy selling in the spot market. Demand during the dip suggests large investors expect the pullback to be short-lived and believe the bull run hasn’t reached a top yet.

Year on year, whale address numbers have increased by nearly 25%, and have risen by 200 in the last two weeks. Meanwhile, some investors lacking confidence or resources to hold assets over a longer period of time have started liquidating their holdings, data suggests.

Number of Financial Planners Investing in Crypto Rose 50% in a Year

A survey published by crypto index fund provider Bitwise Asset Management has revealed that the number of financial advisors allocating funds to the cryptocurrency space has increased by roughly 50% in one year.

The survey, conducted in partnership with ETF Trends, queried nearly 1,000 U.S.-based financial advisors last month, and found that 9.4% of client portfolios had exposure to cryptoassets, up from 6.3% a year ago. Of those that have not allocated funds to crypto, 15% said they will “probably” do so this year, while 2% said they will “definitely” invest in crypto this year.

24% of respondents noted that they have already started investing their personal wealth in cryptocurrencies. Justifying their allocations, 54% described “uncorrelated returns” as the main benefit of cryptocurrency exposure, while 25% pointed to crypto as a hedge against inflation.

A total of 81% of respondents reported that clients have queried them regarding cryptoassets last year, up from 76% in 2019.

Ethereum-Based Decentralized Insurance Firm Expands to Centralized Exchanges

Nexus Mutual, a startup providing a decentralized alternative to insurance, is extending its offering to cover users of established cryptocurrency exchanges like Coinbase, Binance, and Kraken.

Nexus uses digital assets to revamp the traditional idea of mutual cover, and was until now only covering decentralized exchanges. Nexus is now offering to cover users themselves, rather than relying on an insurance policy held by the exchange.

The firm’s founder, Hugh Karp, said:

“We are expanding to provide coverage for centralized exchanges, starting with the big ones like Coinbase, Binance, Kraken, Gemini, which is a product we’ve had really strong demand for.”

Nexus uses the Ethereum blockchain to track proportional ownership of the fund and a governance system to approve or decline payment claims.

AAVE, DOT, BSV Are Moving in the Crypto Market

Several tokens are leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with rather liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

Aave (AAVE) – Aave is a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion. AAVE is up 17.25% in the last 24 hours.

Polkadot (DOT) –  Polkadot enables cross-blockchain transfers of any type of data or asset, not just tokens. Connecting to Polkadot gives users the ability to interoperate with a wide variety of blockchains in the Polkadot network. DOT is up 8.46% in the last 24 hours.

Bitcoin SV (BSV) – Bitcoin SV was created through a hard fork of the Bitcoin Cash network. It aims to restore the original Bitcoin protocol and allow it to massively scale. BSV is up 9.99% in the last 24 hours.

OWNR Wallet launched Visa prepaid card

OWNR Wallet app was launched in April 2019 and since then they’ve developed a lot. OWNR Wallet is a non-custodial cross-platform HD Wallet. If you want to keep all cryptocurrency operations in a single app, that’s your choice.

Currently, the supported assets are BTC, ETH, BCH, BSV, LTC, OMNI USDT, DASH, ETC, ZEC, ERC20 tokens (including USDT), DOGE, and EOS. The mobile app is available for iOS and Android, you can also download the desktop version or use a website.

However, OWNR Wallet wants to become more than just a convenient wallet app. Now a Visa prepaid card is available for OWNR Wallet users. You can order it through the website or right in the app. The card will be directly connected to your cryptocurrency OWNR Wallet so you will have round-the-clock access to your assets. With the Visa prepaid card, both your virtual currency and fiat money are stored in one app. 

Here are some reasons why you should go and order a card with OWNR WALLET right now:

• The verification process is very fast and easy. It will take you about 15 minutes to order a card.
• The delivery is free and available for almost every country of the world.
• The card can be used for paying in online and offline stores. Now you can pay for the cup of coffee with BTC or any other available cryptocurrency.
• You can withdraw fiat from the card in any ATM worldwide.
• With the card, you can exchange crypto into EUR in a click.
• The card can be connected to your Apple Pay account which makes your purchasing process even faster.

With the Visa prepaid card, cryptocurrency becomes more convenient to use in our everyday life.

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