PANews reported on November 26 that Reliance Global Group, Inc. (NASDAQ: RELI), an insurtech company, announced the completion of a strategic reorganization of its digital asset portfolio, integrating its digital assets into Zcash (ZEC). The company has completely liquidated its previous holdings and reallocated the proceeds to Zcash. The company stated that it found Zcash's privacy architecture and institutional flexibility to be more aligned with its vision than a diversified crypto portfolio.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more