Lloyd’s New Insurance Offering Covers Crypto Held in Hot Wallets

Lloyd’s New Insurance Offering Covers Crypto Held in Hot Wallets

Lloyd’s now provides a new type of liability insurance policy aimed to cover losses fo cryptocurrencies stolen from hot wallets. Insurance giant Lloyd’s of London now provides a new type of liability insurance policy to protect cryptocurrency in hot wallets that is lost by theft.Lloyd’s new offering was developed by Lloyd’s syndicate Atrium together with crypto will-focused firm Coincover, with limits from as little as £1,000 ($1,275), Lloyd’s announced on March 2. The policy…

Read more

China’s Zhejiang Processes $6B via DLT Medical Billing Platform

China’s Zhejiang Processes $6B via DLT Medical Billing Platform

China’s Zhejiang province processed $5.9 billion via a blockchain medical billing platform using Ant Financial’s blockchain tech. China’s Zhejiang province has processed nearly $6 billion via a blockchain medical billing platform using Ant Financial’s blockchain technology, Chinese publication QNSB reports on Nov. 18. Successfully piloted in 2018, the blockchain-enabled platform allows citizens to make doctor’s appointments, get prescriptions as well as pay, record and store their medical bills online.At a local blockchain event on…

Read more

Coinbase, Kingdom Trust, Regal Assets Jointly Offer Crypto IRA and 401(K) Accounts

Coinbase, Kingdom Trust, Regal Assets Jointly Offer Crypto IRA and 401(K) Accounts

Crypto exchange Coinbase, custodian Kingdom Trust and investment firm Regal Assets have jointly begun offering crypto IRA and 401(K) accounts in the United States. Major American crypto exchange Coinbase, asset custodian Kingdom Trust and alternative assets investment firm Regal Assets have begun offering cryptocurrency-based individual retirement and 401(K) accounts in the United States.An individual retirement account (IRA) is an investment account that enables an individual to save money for retirement in a tax-deferred way,…

Read more