Crypto lobbying is growing, but it’s being led by “noncrypto” companies. Crypto is on the march, and not just in terms of market price. Not only does data indicate that the number of ID-verified users of cryptocurrency doubled over 2018, but there are various other metrics that suggest that adoption is gaining traction. As many as 84% […]
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How OTC trading conquers the crypto world and why its volumes are drastically different from those of crypto exchanges. Here is everything you want to know. How are these issues solved? As the OTC market evolves, companies are working on building trusted custodial solutions and risk management systems. The OTC market is expected to continue […]
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State Farm and USAA have partnered to test a blockchain-based solution for the insurance payment process, subrogation. United States insurance giant State Farm and military-affiliated bank United Services Automobile Association (USAA) are testing a blockchain-based subrogation solution with real claims data. State farm announced the development in an official press release on May 30. The […]
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Cryptocurrency custody services firm Anchorage has added insurance coverage for storing digital assets. Cryptocurrency custody services firm Anchorage has added insurance coverage for storing digital assets, it announced in a blog post on May 29. In the post, Anchorage — which raised $17 million in a Series A round led by Andreessen Horowitz — announced […]
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A group of United States congressmen has requested that Lawrence Kudlow, the Director of the National Economic Council, hold a blockchain forum. A group of United States congressmen has requested that Lawrence Kudlow, the director of the National Economic Council, hold a blockchain forum, in a letter published on May 24. A group of seven […]
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Telangana plans to establish the country’s ostensibly first blockchain district by offering tax relief, resource subsidies and financial grants. The Southern Indian state of Telangana plans to establish the country’s ostensibly first blockchain district, local newspaper The Hindu Business Line reported on May 27. The planned district will reportedly aim to establish an ecosystem for […]
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The new platform helps consumers in Asia determine the quality, provenance and authenticity of imported wines. Big Four audit firm Ernst & Young (EY) is providing its proprietary blockchain solution for a major new platform that helps consumers across Asia determine the quality, provenance and authenticity of imported European wines. The news was revealed in […]
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The SEC delays its decision on the VanEck SolidX bitcoin ETF proposal yet again. Yesterday, the United States Securities and Exchange Commission (SEC) postponed its decision on the VanEck/SolidX bitcoin (BTC) exchange-traded fund (ETF) proposal, signaling that the regulator is still not ready to see crypto-based funds being traded on regulated exchanges. However, while the […]
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NYSE Arca has filed a proposed rule change with the U.S. SEC for an application to list shares in a bitcoin investment trust. NYSE Arca has filed a proposed rule change with the United States Securities and Exchange Commission (SEC) for an application to list shares in a bitcoin (BTC) investment trust that would be […]
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A major crypto exchange in South Korea has shut down, showing the intensity of the brutal 16-month bear market that caused a wide range of issues for crypto businesses. The shutdown of Coinnest on April 18, one of the major crypto exchanges in South Korea, showcased the intense brutality of the 16-month bear market, which […]
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