Lloyd’s Of London to Insure Custody Platform for Digital Currency
The 300 year-old British insurance firm Lloyd’s of London will insure a crypto custody platform by American custodial firm Kingdom Trust Go to Source Powered by WPeMatico
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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
‘Operation Cryptosweep’ Results in 200 Crypto-Related Investigations
The NASAA’s probe into potentially fraudulent crypto investment programs, dubbed “Operation Cryptosweep,” has resulted in over 200 investigations Go to Source Powered by WPeMatico
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
Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois
Founder of Bitcoin exchange Mt. Gox Mark Karpeles files a motion to dismiss a lawsuit filed against him in Illinois Go to Source Powered by WPeMatico
Report Alleges North Korea Trialled BTC Mining, Local Firm Developing BTC Exchange
North Korea has reportedly attempted to mine Bitcoin, and a local tech firm is said to be developing a Bitcoin exchange Go to Source Powered by WPeMatico
Bitcoin Breaks Above $7,000 as Crypto Market Rallies Into Green
Crypto markets are seeing strong positive momentum, as Bitcoin breaks above the $7,000 price point and the top 10 coins see growth of between 4.5 to almost 20 percent Go to Source Powered by WPeMatico
Details of Iran’s National Cryptocurrency Unveiled
Iran has been developing a national cryptocurrency, a move that could allow them to evade US economic sanctions. Informatics Services Corporations, the country’s leading provider of banking systems, has reportedly been designing and developing the cryptocurrency and has now revealed its features. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Built on Hyperledger Informatics … Read more
Indian Exchange Resumes Fiat Deposits and Withdrawals Using New Method
An Indian cryptocurrency exchange has come up with a new method to allow its users to deposit and withdraw rupees despite the crypto banking ban by the country’s central bank. The exchange also guarantees that rupee requests will be processed within 30 minutes or the user will receive ten free XRP credited to their account. … Read more
Report Finds Mining Activity and Bitcoin Exchange Development in North Korea
A report by South Korea’s state-run Korea Development Bank (KDB) suggests that North Korea has been mining cryptocurrencies, according to local media. In addition, a technology firm in the country is developing an exchange platform for bitcoin, while average citizens of North Korea have little knowledge of cryptocurrency, the report claims. Also read: Yahoo! Japan Confirms … Read more