Gemini, the US exchange led by the Winklevoss twins, today launched its own captive insurance company, according to reports.
The Next Generation of Crypto Exchange Insurance?The press release accompanying the announcement claims that with coverage of up to $200 million for offline storage, it’s the largest purchased by any crypto custodian in the world.
EOS appears to have reached an exhaustion point after a significant bullish impulse that saw its price rise by nearly 90%. Now, this cryptocurrency could be bound for a steep correction before continuing upwards.
EOS Technical AnalysisThe TD sequential indicator recently presented a sell signal in the form of a green nine candlestick on EOS’s 12-hour chart.
Chainalysis, a major blockchain analysis firm, has published a blog post concerning last year’s Bitcoin laundering trends.
The Role of Exchanges and OTC BrokersThe firm traced $2.8 billion of illicit Bitcoin that was deposited to exchanges over the course of 2019. Binance and Huobi each received about one-quarter of that total, while assorted exchanges received the rest.
Sablier, a payment protocol, allows anyone to send continuously streamed payments around the world by leveraging the functionality of Ethereum. In the latest, users can now stream interest-bearing tokens, like CHAI.
Earn Income in Interest Bearing TokensOn Jan. 16, Sablier announced the integration of synthetic USD (sUSD), wrapped BTC, wrapped ETH, and CHAI as streamable cryptocurrencies over the dApp.
DeFi protocols are proving their value after providing profit-making opportunities during diverse market conditions.
Building Financial UtilityIn the first half of 2019, as the cryptocurrency market started to rise from multi-year lows, DeFi got its first taste of a bull market as loans on Maker hit an all-time high of $505 million.
Even if the court rules in favor of Ripple’s motion to dismiss, XRP’s fate as a “currency” remains uncertain.
Motion to DismissRipple, the company behind the third-largest digital asset on the crypto market XRP, is battling an open-ended class-action lawsuit.
Bitcoin Satoshi’s Vision (BSV) entered a massive bull rally which saw the coin’s price increase by 5x. As the crypto community questions the sudden upswing, a technical pattern estimates that BSV is bound for an inevitable correction.
Market Manipulation or Legitimate Demand?On Dec. 18, 2019, BSV appears to have reached a market bottom at a low of $77. Since then, it skyrocketed approximately 500%.
Sanctions experts from the United Nations have warned blockchain enthusiasts against attending an upcoming cryptocurrency conference in North Korea.
Attending the Pyongyang Event Could Breach SanctionsAccording to Reuters, a confidential report will be submitted to the UN Security Council warning that the event will include discussions that cover sanctions evasion and money laundering.
NEO has made an investment in Switcheo, according to a blog post published on Tuesday, Jan. 14.
The investment was made through the NEO EcoBoost program, an ecosystem funding effort run by NEO and several partners. Though NEO has not revealed the size of the investment, it has set aside $100 million for EcoBoost in total.
A new secondary raise has been launched for popular stock and cryptocurrency trading platform Robinhood, valuing the company at $8.2 billion.
Robinhood Going From Strength to StrengthAustin, Texas-based crowdfunding platform Microventures is offering investors a stake in Robinhood in a secondary fundraising round. It gives the company a valuation of $8.2 billion. It is not a primary offering from Robinhood.
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