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With the nature of cryptocurrency markets, there’s no way to stop scams and rug pulls. For many new crypto enthusiasts, one of their first experiences will be losing their cryptocurrency to a scam project. The good news is, traders now have the option of insuring their bags against fraud and drastic devaluations. Today we’re taking … Read more
Financial technology (fintech) has exploded during the last two years and cryptocurrency and blockchain firms have bolstered the billion-dollar industry. A recently published study by Utility Bidder indicates that the industry is predicted to surpass $382 billion by 2027. Moreover, fintech firms that are blockchain-specific are projected to be worth over $67.4 billion by 2027. … Read more
Insurance and risk management for digital assets will increase investor confidence, said OneDegree. Go to Source Powered by WPeMatico
Altcoins like XYO, CRO and WNXM are capitalizing on BTC and ETH’s consolidation by moving higher. Go to Source Powered by WPeMatico
The insurance policy is one of the largest in the cryptocurrency industry, reflecting heightened consumer protection standards. Go to Source Powered by WPeMatico
All of the ‘Big Three’ credit agencies have said that El Salvador’s adoption of bitcoin could affect the country’s credit rating in a negative manner. After both Moody’s and Fitch Ratings published reports on the matter in El Salvador, S&P Global said that the bitcoin adoption has had “immediate negative implications for its credit rating.” … Read more
DeFi insurance protocol Ruler and Cover pledged to share the remaining treasury funds to token holders. Go to Source Powered by WPeMatico
Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers and Insurers in Search of Digital Yuan Use Cases China Construction … Read more
Fitch Ratings, the American credit agency and member of the ‘Big Three’ credit agencies, has published a paper on El Salvador’s adoption of bitcoin and making the crypto asset legal tender in the country. Fitch believes that after the country enforces the new tender law it will face “volatility risk” alongside “regulatory and operating risks” … Read more
Fitch warned that mainstreaming Bitcoin without clarity can introduce volatility and operational risks for Salvadorans. Go to Source Powered by WPeMatico
