2021-7-2 19:25 |
Years of regulatory uncertainty around Tether could be offset by newfound investor confidence if an emerging insurance protocol for USDT gains traction. origin »
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The Singapore-based cryptocurrency exchange KuCoin released a statement regarding detecting large withdrawals on September 26, 2020, at 03:05:37 (UTC+8). The exchange has reportedly lost $150 million worth of funds, although KuCoin hasn’t declared it yet but released “suspicious addresses,” which are constantly updated.
2020-9-27 15:48 | |
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Opium is introducing credit default swaps (CDS) against the world’s largest stablecoin, USDT, casting doubt on Tether Limited’s solvency according to a CoinDesk report on Sep 3. Opium CDS against USDT as a Hedge The product will rely on Ethereum smart contracts, insuring holders just in case USDT’s issuing company folds and fails to fulfill its obligationsRead MoreRead More.
2020-9-5 13:00 | |
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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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Stablecoins have garnered serious investor attention over the past few weeks. Unlike bitcoin and similar cryptocurrencies, they are digital assets built to lessen price volatility and are often paired against the U.
2018-9-29 01:06 | |
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In this overview, we explore Kraken and its journey from a Mt. Gox alternative to soften the blow of bitcoin’s dependence on just one exchange to becoming one of the most respected cryptocurrency exchanges in the world.
2018-9-27 21:21 | |
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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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Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.
2018-7-18 22:00 | |
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Hong Kong is weighing a cautious shift that could open the door for insurers to enter crypto markets. The city’s Insurance Authority is proposing new rules that would allow insurance firms to invest in assets such as cryptocurrencies and infrastructure.…
Tabit Insurance, a Barbados-based company offering insurance solutions for the digital assets industry, raised $40 million in a facility capitalized in Bitcoin. The company said in a press release that the capitalization of the $40 million insurance facility in Bitcoin…
As well as cyber and crime markets, Relm is offering reimbursement for losses associated with staking on the Ethereum network.
Crypto insurance underwriter Evertas will increase coverage limits to $420 million per policy while adding additional mining coverage.
FTX imploded back in November and there have been a number of developments since then. The effect of the crypto exchange’s collapse is still being felt by both users and companies in the space, and the most recent development shows that the contagion is far from over.
Insurers are increasingly denying or significantly limiting coverage to clients involved with crypto due to the collapse of exchange FTX. The post First Accountants Now Insurers Turn Their Backs on Crypto Clients appeared first on BeInCrypto.
Decentralized insurance built on a transparent, blazingly fast, and efficient blockchain with the community in mind is something to think about. The post Decentralized Insurance Built on the Blockchain is a Game Changer appeared first on BeInCrypto.