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Bitcoin Insurance Company AnchorWatch Raises $3 Million to Bring Multisig Mainstream

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AnchorWatch, a leading insurer specializing in safeguarding Bitcoin holdings for commercial entities, announced a successful $3 million funding round today. The round was led by Ten31, with notable participation from Axiom BTC, Bitcoin Magazine Fund, Timechain, Bitcoin Opportunity Fund, and other investors. The infusion of capital will empower AnchorWatch to fulfill regulatory requirements and capital needs, paving the way for the launch of its Trident Vault software and the sale of insurance policies tailored for Bitcoin holders.

AnchorWatch’s Trident Vault software represents an another innovative solution for Bitcoin custody, combining protocol-native custody with high-quality, regulated insurance coverage. This addresses a critical gap in the Bitcoin market, providing greater confidence and security to BTC owners.

Trident Vault is a Bitcoin vault designed exclusively for commercial use. It streamlines remote team workflows, introduces key holder seniority, and features time-locked spending conditions, thereby enhancing compliance and governance on-chain.

“Bitcoin owners are still faced with the binary choice between self-custody and third-party sole custodians,” said Robert Hamilton, cofounder and CEO of AnchorWatch. “In the case of the latter, high-risk trading strategies, or worse, blatant fraudulent activities have resulted in catastrophic losses for customers. Thus, they are hesitant to rely on the commercial key holder to deliver the services promised. AnchorWatch makes owning and holding the bearer asset practical, safe, easy, secure, and verifiable.”   

AnchorWatch achieves collaborative custody through two key mechanisms. Firstly, Trident Vault facilitates assisted custody by holding a minority of keys and implementing protocol-level governance and compliance. This method enhances security by dispersing custody across different physical locations and unrelated entities, mitigating risks from events like fires, floods, and theft by internal or external actors.

Secondly, AnchorWatch embeds regulated property insurance directly into Trident Vaults. This insurance ensures that assets are protected in the event of catastrophic incidents through regulated and collateralized property insurance. Thanks to Trident’s advanced security, AnchorWatch can provide this insurance at competitive rates.

Jonathan Kirkwood, Managing Partner at Ten31, highlighted the significance of AnchorWatch’s approach: “AnchorWatch is building both the technical infrastructure to advance bitcoin’s potential as programmable money and the credentialed legal/financial infrastructure for bitcoin to be held by commercial institutions via its insurance offerings. This is a pivotal step that directly aligns with our mission at Ten31 to establish bitcoin as a viable asset for institutions, and investing in the companies at the forefront of innovating in the ecosystem.”

AnchorWatch caters to a diverse range of clients, including family trusts, funds, pensions, family offices, Bitcoin miners, and mining pools. The Trident Vault is especially valuable for estate and inheritance planning purposes, serving estate attorneys, investment advisors, and technical advisors who oversee multiple clients’ Bitcoin custody needs.

AnchorWatch’s commitment to advancing Bitcoin custody and insurance solutions positions them at the forefront of the Bitcoin industry, ready to provide much-needed security and peace of mind for Bitcoin holders.

​ The round was led by Ten31, with participation from Axiom BTC, Bitcoin Magazine Fund, Timechain, and Bitcoin Opportunity Fund. 

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Bitcoin’s Turning Point: Counting Down to the Most Important Halving in History

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In celebration of the historic fourth Bitcoin halving and to ring in a new epoch in sound money, Bitcoin Magazine and Kraken are pleased to present the Bitcoin Halving Livestream. This event will bring together prominent voices in the Bitcoin space including Barstool CEO Dave Portnoy, Strike CEO Jack Mallers, Bitcoin Magazine Institutional Lead Dylan LeClair, and Ten31 Managing Partner Matt Odell.

This halving event – projected to occur between April 19, 2024 – will occur as Bitcoin reaches block 840,000, marking the point at which its relative supply issuance will drop below that of gold for the first time. Previous halvings have historically acted as a turning point in the market as the reduction in newly issued coins has been met with surging demand for the currency throughout each prior halving cycle.

This time around, the halving has been preceded by a new all-time high, an occurrence that has never happened since Bitcoin’s inception in January 2009. Between the launch of Spot Bitcoin ETFs in the United States (arguably the most successful ETF debut in history) by major financial institutions, and a potential resurgence in inflation, the Bitcoin bulls are on parade driving the market higher into uncharted territory.

Other guests slated to appear on the livestream are Bitcoin Magazine Chief Content Officer Pete Rizzo, Human Rights Foundation Director of Financial Freedom Christian Keroles, Simply Bitcoin Founder Nico Moran, Bitcoin Magazine Correspondent Isabella Santos, and Pomp Investments Founder Anthony Pompliano.


Click here for more information on the Bitcoin Halving Livestream powered by Kraken

In the countdown to Bitcoin’s fourth epoch, Livestream guests will review the Top 21 Moments of the past four years, as voted on by Bitcoin Magazine readers. Top moments include the rise of the Laser Eyes meme, MicroStrategy unveiling of its bitcoin-based treasury strategy, and the notorious rise and fall of disgraced FTX founder Sam Bankman-Fried. In partnership with Nitrobetting, Bitcoin Magazine will be awarding a 1 BTC prize pool for the Bitcoin Halving Challenge to contestants who most closely predict the price of the currency at Block 840,000.

Viewers will be able to count down to the halving with some of the biggest names in the space and commemorate the growth of Bitcoin with a New Year’s Eve-style celebration with Bitcoiners from around the world. The full roster of Livestream participants can be seen on www.BitcoinHalving.com and viewers can tune in on the Bitcoin Magazine YouTube channel, Twitter (X), LinkedIn, Rumble and Facebook.

Bitcoin has come a long way since the last halving in 2020, and it’s time to kick things up a notch as the world marches toward hyperbitcoinization. Don’t miss the Bitcoin Halving Livestream powered by Kraken so you can say you were there for the dawn of a new era in Bitcoin. 

For more information, visit www.BitcoinHalving.com and tune into the Livestream beginning at Bitcoin block height 839,974.

​ With the Bitcoin halving slated to occur in ~4 days, the biggest names in Bitcoin from around the world are counting down the most important halving yet. 

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Germany’s Largest Federal Lender LBBW Ventures Into Crypto Custody, Targets Mid-2024 Launch

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Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, has announced plans to offer crypto custody services later in the year.

​ Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, has announced plans to offer crypto custody services later in the year. 

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Amid a Week of Severe Crypto Lows, TON and ONDO Record Gains Despite Broad Market Declines – Market Updates Bitcoin News

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The past week has not been favorable for the majority of cryptocurrency assets, with only four specific digital currencies recording gains.

​ The past week has not been favorable for the majority of cryptocurrency assets, with only four specific digital currencies recording gains. 

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