2020-1-16 15:00 |
Gemini, led by the Winklevoss twins, has set up its own insurance captive to cover loss of crypto in cold storage – with a possibly record-breaking $200M limit.
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Today, the Winklevoss twins launched their own insurer to enhance coverage for Bitcoin and other crypto-assets. Winklevoss Twins Cover Their Assets According to most experts, lack of insurance and proper custody services are hampering the mass adoption of crypto assets.
2020-1-16 19:00 | |
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Gemini, the US exchange led by the Winklevoss twins, today launched its own captive insurance company, according to reports. The Next Generation of Crypto Exchange Insurance? The press release accompanying the announcement claims that with coverage of up to $200 million for offline storage, it’s the largest purchased by any crypto custodian in the world.
2020-1-16 18:20 | |
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In line with China’s recent formal endorsement of the technology, one of the largest state-owned financial institutions has just launched its own blockchain. The new Bank of China platform aims to increase transparency and efficiency across the nation’s insurance industry The insurance blockchain solution is the product of the bank’s insurance management IT department and […] The post Bank of China Rolls out Blockchain to Streamline Insurance Claims appeared first on BeInCrypto.
2019-11-7 22:15 | |
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The Diamond Open Market,an EOS-based platform to buy and sell natural and lab-grown diamonds, heirloom or other jewelery, is opening the formerly closed diamond market for everybody. DOM will present a marketplace and a trading platform for businesses and individuals working as a reliable tool for B2B, B2C or P2P relations.
2019-10-11 22:33 | |
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Elon Musk took matters into his own fingers today and pumped the new Tesla auto insurance on Twitter. The rock-star smart-guy, known for space travel and smoking weed on podcasts, tweeted that his company’s new insurance should be “20% less than [average].
2019-9-4 02:56 | |
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KNL – is a platform that unites and considers the needs of farmers, traders, investors, exporters. We provide each participant with the opportunities and instruments that make up a whole chain of efficient processes for maintaining the operational activities of the agricultural industry KNL tokenization platform is the digitization of grain assets, real estate and property.
2019-7-23 13:20 | |
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Coinbase, one of the largest cryptocurrency exchanges in the U. S. , is reportedly exploring plans to set up its own insurance company. Sources close to the matter revealed that the company was seeking the help of Aon, a London-based insurance broker giant, to fight the lack of insurance options available to crypto exchanges.
2019-7-11 23:49 | |
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Coinbase is exploring plans to set up its own regulated insurance company with the help of broker Aon, sources told CoinDesk.
2019-7-10 12:00 | |
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XR Web is pioneering the development of the spatial / XR web 3. 0 with a Decentralized framework to build applications that are meant for the physical spatial world around us and incorporate AR/VR technologies Types of applications XR Gaming platforms XR Advertising network XR Shopping XR Social Media XR Real Estate XR Insurance How to use? Developers - Build Developers can use our SDK and API framework in various languages to build XR and spatial applications that are connected to our blockchain and protocol.
2019-5-22 12:12 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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Bitcoin and blockchain expertise in the insurance industry has “exploded” over the past two years, and insurers who ignore blockchain technology do so at their own peril, according to a new report from Aite Group, a global research and advisory firm.
2019-3-24 20:00 | |
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Gabor Gurbacs is confident that the approval of a bitcoin exchange traded fund (ETF) is inevitable. And he’s optimistic that the VanEck SolidX Bitcoin Strategy will be the first to deliver one to the world.
2018-11-17 01:42 | |
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Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.
2018-10-31 17:17 | |
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An exchange-traded bitcoin fund (ETF) would signal greater acceptance of bitcoin as a mainstreet investment, while also making it much easier for both institutional and retail investors to get involved.
2018-10-6 01:07 | |
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Shortly after launching its own stablecoin, New York based cryptocurrency exchange Gemini has now announced its crypto insurance offering. On Wednesday, Oct. 3, Head of Risk at Gemini Yusuf Hussain wrote in a blog post that the platform will provide digital asset insurance coverage for its users.
2018-10-4 19:19 | |
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Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).
2018-9-11 01:58 | |
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One of the world’s largest investment banks may soon bring cryptocurrencies into its trillion-dollar investment fold. Goldman Sachs is allegedly devising a cryptocurrency custody service, individuals familiar with the matter told Bloomberg.
2018-8-7 20:57 | |
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OKEx released a statement today detailing the forced liquidation of an “enormous long position” in futures on July 31st. They also informed users that their risk management system might be triggered.
2018-8-4 08:45 | |
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There are over 600 million Africans living without electricity despite an abundance of sunshine and hundreds of thousands of solar projects on the drawing board.
2018-7-17 17:41 | |
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The Financial Conduct Authority (FCA), responsible for conduct and relevant prudential regulation of financial services firms and financial markets in the U. K. , has announced the details of the firms selected to be part of cohort 4 of its regulatory sandbox, according to an FCA post.
2018-7-5 01:04 | |
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Exchanges South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers using its own fund even though its insurance is unlikely to cover the loss.
2018-6-23 04:05 | |
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South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers using its own fund even though its insurance is unlikely to cover the loss.
2018-6-23 01:40 | |
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Recently I had the fortune to have received an advance copy of Eric Posner and Glen Weyl’s new book, Radical Markets, which could be best described as an interesting new way of looking at the subject that is sometimes called “political economy” - tackling the big questions of how markets and politics and society intersect.
2018-7-21 04:03 | |
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Аналог Notcoin - Blum - Играй и зарабатывай Монеты
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Gemini launches in France after securing DASP registration in January. The launched platform supports 70+ assets, euro deposits, and institutional trading tools. France’s crypto growth and MiCA regulations drive Gemini’s European expansion.
Earlier this week, Canadian crypto custody specialist Balance announced it had become a qualified custodian in the country.
Singaporean cryptocurrency exchange Fairdesk has unveiled plans to wind down its operations in the coming month. This move comes as a surprise, as there had been no prior indications of difficulties facing the platform.
Gemini exits Canadian market, citing strict regulations and compliance costs. Users must withdraw funds by Dec. 31 as all accounts will close by that date. Canada’s new crypto rules, set for 2026, further restrict decentralized markets.
Gemini will make this payment as a settlement for a crypto fraud claim in New York. Gemini is also banned from operating lending programs in New York. Letitia James, the New York Attorney General, announced that her office has successfully…
Gemini Earn users will receive triple the value of assets locked in the lending product after debacles with FTX and Genesis.
Gemini Earn users get $2. 18 billion in digital assets back, which represents a 232% recovery. Users will receive 100% of their crypto back, with the initial distribution representing 97% of Earn users’ assets.