Meanwhile, the first regulated life insurance company that operates entirely in bitcoin (BTC), said on Tuesday it has raised $82 million to scale its savings and retirement products that aim to protect against inflation and currency devaluation. The funding round was co-led by Bain Capital Crypto and Haun Ventures, with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Stillmark, the firm shared in a press release with CoinDesk. The raise follows a $40 million round in Ap ...

One of the biggest problems Argentine President Javier Milei has as he tries to stem a currency crisis is that the peso, by nearly all accounts, is overvalued. Barclays Plc says the real effective exchange rate should be as much as 30% weaker to stimulate the economy. StoneX and local broker One618 say the peso’s excess valuation is closer to 20%. Many other investors and analysts consulted by Bloomberg didn’t want to offer a precise estimate, but they agree that, to one degree or another, the peso needs to ...