Crypto.com today announced it has secured a US $100M direct insurance policy led by Arch Underwriting at Lloyd's Syndicate 2012. This is the largest coverage that Crypto.com has secured for its cold storage assets on custodial partner Ledger Vault. The new policy brings Crypto.com's total cryptocurrency insurance to $360M, including direct and indirect coverage via custodians. It will significantly expand security protection for its rapidly growing user base, which has just surpassed 2+ million, against physical damage or destruction, and third-party theft.
With pandemic-related job losses soaring, there's a bright spot for tech-enabled jobseekers. In an April 24 article entitled "Inside Blockchain's Coronavirus Hiring Spree," Forbes reported the share of cryptocurrency and blockchain job postings on Indeed.com had increased by nearly nine percent, while remote cryptocurrency and blockchain-related job postings increased by more than 42 percent.
China's interest in blockchain technology is about to take its next step as the Blockchain-Based Service Network (BSN) comes into commercial effect on April 25. The aim of this network is to allow companies and software developers to be able to plug into the BSN and build blockchain-based applications quickly and affordably.
Mechanical Technology, Incorporated ("MTI" or the "Company"), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, announced today that EcoChain, Inc. ("EcoChain"), a wholly-owned subsidiary of MTI, entered into a definitive agreement to acquire the intellectual property of Giga Watt, Inc. ("GigaWatt"), and certain other property and rights of GigaWatt associated with GigaWatt's operation of a crypto-mining operation located in Washington State. GigaWatt was a leading player in the bitcoin economy of Central Washington State before declaring Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Washington during November 2018.
The Stellar Development Foundation announced today the signing of an exclusive partnership with Elliptic, the leading provider of crypto-asset risk management solutions for crypto businesses and financial institutions. Launched today, Elliptic's world-first XLM transaction and wallet screening capabilities will bring further confidence and safety to the Stellar network.
KoreConX is pleased to announce the book release "Digital Securities 101 - Global 2020 Edition." "Digital Securities 101" is a how-to book for anyone who wants to understand the transformation that is happening in the capital markets with the introduction of blockchain. The book provides an overview of why Digital Securities are game-changing and what one needs to understand and prepare. It provides a clear insight into all the components of the private capital markets and how this entire ecosystem operates from start to finish, regardless if they are using RegD or RegA+ exemptions alike.