Crypto Financial Services Firm to Offer Crypto Insurance Through Lloyd’s of London

Blockchain security firm and crypto wallet service BitGo has revealed plans to offer crypto insurance through Lloyd’s of London, according to a press release on Feb. 19. BitGo Business Wallet clients will be able to acquire insurance for their digital assets held on BitGo’s Business Wallet service and Custodial offering Assets held by either BitGo or BitGo Trust Company can insured for up to $100 million by global insurance and reinsurance market Lloyd’s, the release says. Lloyd’s had nearly $43.8 billion in gross written premiums in 2017, and has insured…

Liechtenstein’s Postal Service to Offer Crypto Exchange Services at Physical Locations

Liechtensteinische Post AG, the country’s official postal service, plans to offer cryptocurrency exchange services at their physical locations, according to an official announcement published on Feb. 14. The postal service will allow customers to exchange their fiat to Bitcoin (BTC) in one of its offices in Vaduz, the country’s capital, starting on Feb. 15. After purchasing BTC, the customers will get a physical wallet generating public and private keys. Later, the service will likely be extended to other post offices all over the country, the announcement notes. Moreover, the postal…

US Court Reconsiders Blockvest Acquittal Over Unlicensed Securities Offer

The United States Securities and Exchange Commission (SEC) announced it had gained an injunction against initial coin offering (ICO) operator Blockvest, overturning a 2018 court order. The regulator reported the development in a press release published on Feb. 14. Blockvest, which the SEC suspects of offering and attempting to sell unregistered securities via its BLV token sale, will now face fresh charges along with its founder, Reginald Buddy Ringgold, III aka Rasool Abdul Rahim El. “The defendants used the SEC seal without permission and falsely claimed that their crypto fund…

MyEtherWallet Teams Up With Large Exchange to Offer Better Rates on Dozens of Coins

A crypto wallet has relaunched its product and signed a partnership with a well-known exchange — delivering new features to its users in the process. MyEtherWallet’s collaboration with Changelly means its community can use the exchange’s multi-swap functionality. This feature opens the door to more than 100 cryptocurrencies and helps achieve better exchange rates during conversions. The technology is being included in the fifth iteration of MyEtherWallet — and since launch, the platform says it has evolved from “a geek-oriented platform to a go-to brand known for being an intuitive…

Bitcoin Price Charts Offer Glimmer of Hope to Struggling Bulls

View Bitcoin has charted a falling wedge pattern on the daily chart. A break above $3,450 would confirm wedge breakout and expose the crucial resistance level lined up at $3,658 (the high of the gravestone doji candle created on Jan. 26). A violation there would expose the psychological resistance of $4,000. The prospects of a falling wedge breakout would weaken if the cryptocurrency suffers a channel breakdown on the 4-hour chart. The slow drip bitcoin (BTC) price sell-off seen over the last six weeks has produced a bullish pattern on…

Novogratz’s Galaxy Digital to Raise $250 Million to Offer Crypto Loans

Mike Novogratz’s crypto merchant bank Galaxy Digital is reportedly raising at least $250 million to offer loans to crypto-related firms, according to an unconfirmed report published by American news site Business Insider on Jan. 23. Citing two unnamed people familiar with the matter, the news outlet claims that Galaxy Digital is purportedly planning to close the first fundraising round for its crypto credit fund in March. A Galaxy representative has reportedly declined to comment on the issue to Business Insider. According to the article, Galaxy’s lenders will be able to…

Gold Price May Offer Clues About Next Big Bitcoin Move

Bitcoin (BTC) traders could get cues from an apparent negative correlation that has developed between bitcoin and gold prices. Gold picked up a strong bid at $1,196 on Nov. 13 and jumped to $1,300 on Jan. 4, possibly due to a sell-off in the weakening U.S. dollar. The greenback was down against most currencies in last two months of 2018 on growing speculation that the Federal Reserve (Fed) could decrease or pause interest rate hikes in 2019. Bitcoin, however, did not benefit from that broad-based sell-off in the dollar. The…

CoinFLEX To Offer Physical Bitcoin (BTC), Ethereum Futures: Bakkt Competitor?

Hong Kong Startup To Offer Physical Bitcoin, Ethereum Futures (With Leverage!) Per a recent piece from Bloomberg, the “contest” for physically-delivered Bitcoin futures is heating up, as another contender has entered the fray. This new contender is a Hong Kong-headquartered up-and-coming crypto startup named CoinFLEX, formerly a branch of U.K.’s Coinfloor. This fledgling venture reportedly is backed by ” (former) Bitcoin Jesus” Roger Ver and Trading Technologies International, which is a firm that programs and manages trading software. Mark Lamb, a crypto enthusiast of six years, will be heading the exchange…

Blockchain Travel Service to Offer Hotels 20 Percent Cheaper Than on Booking.com or AirBnb

The Europe-based company LockTrip wants to put the accommodation industry on the blockchain by creating “the first functional blockchain-based travel service.” The team says it already offers 100,000 hotels and more than 1,500 vacation rentals all over the world, with an average discount of almost 20 percent when compared to other booking sites — and with plans to add an additional 300,000 hotels and 900 airlines to its marketplace by end of January 2019. Smart contract travel booking Accommodations with zero commission can be booked directly through the existing LockTrip’s…

Nasdaq to Offer Bitcoin Futures from Q1 2019 after CFTC Clearance

Nasdaq will list Bitcoin futures from early 2019, confirmed Express UK on December 3, 2018. The premier cryptocurrency is set to find its way through the robust New York-based exchange markets after obtaining clearance from the Commodity Futures Trading Commission (CFTC). Could Nasdaq’s BTC Futures Kick-start Another Bull Run? In January 2018, Nasdaq chief executive Adena Friedman went on record stating the world’s second-largest stock exchange is contemplating launching Bitcoin futures. At the time, Friedman mentioned that the exchange is assessing how it can differentiate its product from the ones…