November 13, 2021

Hong Kong Company Onedegree to Offer Insurance for Cryptocurrencies

Hong Kong Company Onedegree to Offer Insurance for Cryptocurrencies

Onedegree, a virtual insurer based in Hong Kong, will provide insurance services for digital assets as part of a partnership with a local cryptocurrency exchange. By working together, the two firms hope to alleviate concerns discouraging potential investors from entering the crypto market. Onedegree to Underwrite Insurance Policies for Crypto Assets Hong Kong has several …

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Coinbase and Binance Amongst the 70 Crypto Firms Awaiting Licensing, Said by MAS

Coinbase and Binance Amongst the 70 Crypto Firms Awaiting Licensing, Said by MAS

American cryptocurrency trading platform, Coinbase and Binance exchange, two of the world’s largest digital currency brokerages are notably amongst the few platforms awaiting license approval from the Monetary Authority of Singapore (MAS). According to Bloomberg TV, the MAS has about 170 applications listed on its website as of last year. Thus far, as many as 30 …

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Elon Musk sold about .9 billion in Tesla stock this week

Elon Musk sold about $6.9 billion in Tesla stock this week

KEY POINTS Tesla CEO Elon Musk’s trust sold about $1.2 billion in Tesla stock, according to financial filings posted Friday evening. He sold about $6.9 billion worth of stock in the company over the course of the week. Musk still holds more than 166 million shares in the company. Tesla stock declined 15.4% for the …

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MyEtherWallet allows users to mint Ethereum blocks as NFTs

MyEtherWallet allows users to mint Ethereum blocks as NFTs

CEO Kosala Hemachandra discussed MyEtherWallet’s first NFT drop and its dedication to “making history.” MyEtherWallet, or MEW, launched its first nonfungible token (NFT) collection called ETH Blocks on Thursday, which tokenizes individual blocks on the Ethereum blockchain. Unique images associated with ETH Blocks are generated based on the block’s data. These NFTs are available exclusively to MEW …

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Loopring Price Up 7-Fold This Month on GameStop Speculation, Metaverse Bets

Loopring Price Up 7-Fold This Month on GameStop Speculation, Metaverse Bets

The token has surged from below $1 to over $3 in the space of weeks. Loopring (LRC), an Ethereum-based project that allows developers to build their own decentralized exchanges, has jumped a stunning sevenfold in price just this month, nearing a market valuation of $4 billion. Analysts attributed the price jump to speculation ranging from …

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US SEC REJECTS VANECK SPOT BITCOIN ETF

US SEC REJECTS VANECK SPOT BITCOIN ETF

The commission released a disapproval letter citing investor protection concerns and the lack of manipulation prevention in the market. The SEC has rejected VanEck’s spot bitcoin ETF proposal. The filer had not demonstrated that its proposal abides by the national requirements for such an offering, the SEC explained in a disapproval letter. It is unclear …

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