1.According to the ChainNews, after winning the Kyber DeFi Hackathon championship last year, DeFi asset management platform Zapper announced the completion of a $1.5 million seed round of funding led by Framework Ventures and Libertus Capital. Participants include CoinGecko and Zee Prime Capital. Zapper officially stated that the funds will be used to further “expand DeFi’s accessibility.”
2. Bitcoin’s rally lost power after a speech by the Federal Reserve chief; Ethereum gas usage hits another record. BTC trading around $11,251 as of 20:00 UTC (4 p.m. ET). Slipping 1.8% over the previous 24 hours, which trading scope was between $11,130-$11,596.
3. Currently, there are two main types of cryptocurrency insurance products, Centralized and Decentralized Insurance. Compared with centralization, the advantages of decentralized insurance are more trust lessness, faster repayment, higher flexibility, and the elimination of intermediary costs. Existing DeFi insurance projects are mainly based on mutual insurance and financial derivatives. The quantity and types are relatively limited, and there is still a lot of room for development. In the next few years, there will be more and more innovations and attempts in the crypto insurance field. Not only will there be more possibilities for combination in the crypto world, but also hope to connect with the real-world scenes and become a supplement or even alternative to the traditional insurance industry.
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