The senior Bank of England official believes that regulators must act quickly to prevent major tech firms from using stablecoins to dominate the payments sector. Bank of England (BoE) chief cashier Sarah John has expressed opinions favoring state-issued digital currencies, according to a Feb. 22 article published by The Telegraph. She urged other central banks […]
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Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage. Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage. Bittrex announced in a blog post on Jan. 29 that the […]
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Modern crypto exchanges often have audited financials, chief compliance officers, and seek out regulators without hesitation. Will insurance be the next step? If the crypto sector is to attract more institutional investors, it will need to provide more insurance solutions. This point was driven home anew with the recent news that the Gemini crypto exchange […]
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Gemini cryptocurrency exchange, founded by the Winklevoss twins, has formed its own insurance company to insure its custody arm for $200 million. The Winklevoss’ Gemini Exchange has launched an insurance company to cover up to $200 million for Gemini Custody — reportedly the largest amount for any crypto custody service in the world. Head of […]
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Hardware wallet manufacturer Ledger has hired in-house security officer as chief technology officer to oversee the company’s security operations. Hardware wallet manufacturer Ledger has hired Charles Guillemet as chief technology officer (CTO) where he will oversee the company’s security operations. In a press release shared with Cointelegraph on Dec. 5, Ledger said that Guillemet has […]
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Guests on a Bloomberg panel agreed that Bitcoin becomes more attractive during times of irresponsible monetary policies from central banks and governments globally. John Pfeffer, founder of Pfeffer Capital, together with Travis Kling, founder and CIO of Ikigai Asset Management and Charles McGarraugh, head of markets for Blockchain, discussed Bitcoin (BTC) in the context of […]
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Ledger Vault, the custody arm of hardware wallet manufacturer Ledger, has procured a crime insurance policy that covers digital assets. Ledger Vault, the custody arm of hardware wallet manufacturer Ledger, has procured a crime insurance policy developed with broker and risk advisory firm Marsh and insurance company Arch Insurance Limited. According to an announcement on […]
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As cyber security becomes prevalent in the crypto space, can major insurance companies provide users with a much-needed safety net? The growth in popularity of cryptocurrencies has, in many ways, outpaced the infrastructure built to support it. In terms of security, cryptocurrency exchanges that serve both as a marketplace and a store of the digital […]
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Major insurance broking and risk management firm Marsh has piloted a blockchain-based digital placement platform. Leading insurance broking and risk management firm Marsh has piloted a blockchain-based digital placement platform. Per a Sept. 24 press release, the Risk Exchange platform aims to ensure a more transparent and secure digital placement and enables users to receive […]
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Coinbase Custody Trust Company has appointed Richard Neiman and Robert Easton to its Board of Directors, who previously held various leadership positions in the New York State financial regulatory system. Coinbase Custody Trust Company has appointed two new members, previously of the New York State Banking Department and the New York Department of Financial Services, […]
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