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.
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The xx network has completed its initial sale of the xx coin, the revolutionary cryptocurrency led by David Chaum. The sale was focused on rewarding early backers who helped drive decentralization of the xx network. During the Regulation S offering, 500 coin holders from outside the U.S purchased $9.7M in xx coins totaling approximately 3.5% of the overall supply. 55 countries on 5 continents participated. Until xx MainNet, coins will be secured by an ERC-1404 contract with an associated lockup period (See xx-coin.io).
Maxonrow's MAX-Wallet has added a new feature that aims to reduce data inaccuracy, cut costs, and effortlessly integrate with other platforms while being updated on the latest international KYC and AML standards. MAX-Wallet is proud to present MAX-Register, a seamless and straightforward sign-up login solution that redefines KYC, making the tedious repeating logins and registrations on different platforms a thing of the past.
BitLaunch, the anonymous VPS and Bitcoin VPS provider, announced today the launch of 3 new datacenter locations in Los Angeles, US, Amsterdam, NL, and London, UK. BitLaunch has been growing rapidly — with thousands of registered customers globally — by offering straight-forward on-demand cloud computing in exchange for cryptocurrency. By accepting cryptocurrency as payment, BitLaunch allows people worldwide to utilize cloud computing, funded via cryptocurrency, eliminating barriers associated with traditional fiat payment systems.
ArcBlock, a leading blockchain development platform and decentralized identity provider released the latest version of its decentralized wallet - ABT Wallet 2.3. With this release, ArcBlock continues to focus on its users and is taking significant steps to give users the ability to manage and own their identities, digital assets and properties in a secure mobile wallet. Since the release of ABT Wallet 2.0, the ArcBlock team has been working hand-in-hand with users, developers and customers to find ways to improve the wallet experience including streamlining identity management, improving overall usability and to better enable decentralized identity throughout application and web projects.
Huobi Global today announced that Huobi Token (HT) has reached a new 12-month high amid the continued growth and development of the whole ecosystem. As of yesterday, HT was trading at a token price of $5.27 USD, a 92% increase since the close of 2019 - and nearly a 5X increase compared to this time last year. As the native token of digital asset exchange Huobi Global, HT's new milestone underscores the recent progress of Huobi's global ecosystem. Last month, Huobi Global and Huobi DM experienced a strong start to 2020 with a 65% month-over-month spike in aggregate trading volume.
Chainalysis, the blockchain analysis company, today announced the global roll out of its compliance solution for Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization. Chainalysis Know Your Transaction (KYT) for Token Issuers is a unique real-time anti-money laundering (AML) compliance solution for monitoring a token's full lifecycle, from issuance to redemption.
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Hong Kong-based crypto lending firm PawnHub.io is the first company of its type to obtain a license from the Government of Hong Kong. The firm will partner with a leading US-based cryptocurrency custodian, to provide insurance coverage for clients' Bitcoin assets of up to $100 million USD anywhere in the world. Crypto lending is fast becoming an integral part of the crypto ecosystem with PawnHub being the first regulated crypto lending firm to be based in Asia; home to some of the world's biggest cryptocurrency nations, such as South Korea, Japan, China, Hong Kong and Singapore.