Lloyd’s of London Insures Cryptocurrency Custody Service Kingdom Trust

According to the institutional cryptocurrency storage platform Kingdom Trust, the company is now insured by the world’s largest insurance marketplace, Lloyd’s of London. The Kentucky-based alternative asset custody service, Kingdom Trust, claims to hold assets worth $12B that consist of 30 digital currencies under its wing. Also Read: Crypto-Backed Lending Platform Blockfi Approved to Operate in … Read more

New Bill Clarifies Crypto Taxation in Poland

A new draft introducing amendments regarding the taxation of crypto incomes has been published in Poland. The bill differentiates between decentralized cryptocurrencies and centralized virtual money, and clarifies the tax regime applicable to crypto trading and mining.   Also read: Eastern Europe: Regulation Postponed, Tax Abandoned, Banks Enlightened Draft Distinguishes Between Cryptos and Centralized Coins … Read more

Pangolin Miner Claims 16nm ASIC Miner Will Compete With 7nm Machines

Over the last few weeks, we’ve been reporting on the wide variety of new cryptocurrency miners entering the digital asset economy. Some of these newly created miners are bringing faster processing power and more optimized chips, while others have even built mining rigs that tether to a water-cooling system. Now another new SHA-256 mining rig … Read more

Bitcoin Price Watch: Currency Breaks $7,000 as Charts Turn Bullish

At press time, the father of cryptocurrency has broken $7,000, which is about $300 higher than where it stood yesterday afternoon. This means that bitcoin jumped roughly 20 percent over the past two weeks, with gains of approximately $1,200 (the August low was $5,865). One source alleges that bitcoin short positions have grown exponentially over … Read more

Top 6 Social Networks Using Blockchain Technology

Many blockchain use cases exist today, although exploring them all will be a major challenge. In the case of disrupting social media, various projects claim the blockchain will help disrupt these centralized ecosystems once and for all. The following companies, listed alphabetically, are using distributed ledgers for that very purpose. 6. Indorse Very few people are … Read more

You have not selected any currencies to display