Tag: offerings

Dropbox Announces AI Offerings Including New Features and $50M Venture Fund for Startups

As Dropbox unveiled the new AI features, it also announced a new $50 million venture initiative to support startups in the AI world. With its recent announcements, file hosting service operator Dropbox is the latest tech company to embrace AI technologies. The company introduced two new features powered by AI and launched its first venture arm to focus on startups in the AI market. Dropbox hit the market with the latest announcements at a time companies are intentionally integrating with AI. Ahead of its developments, many tech companies have made numerous revelations…

Evertas expands crypto insurance offerings to include mining and raises limits

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Evertas, an insurance company focused on digital assets, recently announced an increase in coverage limits and the addition of mining operations to its coverage portfolio. The insurer’s per-policy coverage limits on custodial crypto assets will increase to $420 million, “nearly tripling the amount of risk transfer previously available to blockchain focused projects,” according to an announcement. It’s also adding coverage for mining operations in the amount of up to $200 million per policy. According to Evertas, these are the highest coverage limits available. Related: Turns out, it’s pretty difficult to insure…

Thai SEC wants to lift restrictions on initial coin offerings

Thailand’s Securities and Exchange Commission (SEC) is preparing to soften retail investment restrictions related to initial coin offerings (ICO) to boost digital investments. The Thai securities regulator is willing to lift the limit of 300,000 baht ($8,800) for asset-backed ICOs per person, planning to allow bigger investments in real estate and infrastructure-backed ICOs, the SEC officially announced on March 30. The new measures aim to help Thailand boost local technological development due to growth in the capital market and the digital economy, the SEC said, adding: “The revision of the…

Institutional Crypto Trading Platform Elwood Technologies Expands Offerings

The collapse of a number centralized platforms in recent months has highlighted the need for risk controls and keeping close tabs on collateral. Elwood’s new offering includes live position and exposure tracking, scenario analysis and collateral monitoring – in other words, said the company, the type of services that will reassure institutional investors in the crypto space. Source CryptoElwoodExpandsInstitutionalOfferingsPlatformTechnologiesTrading CryptoX Portal

Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs – Bitcoin News

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The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1), Bankprov stated that revenue from its digital asset loan portfolio will continue to decrease as the company has discontinued new loan originations backed by mining equipment. Bankprov’s Portfolio of Cryptocurrency Collateralized Loans Decreased by 65% Bankprov disclosed that it holds approximately $41.2 million in cryptocurrency-collateralized loans, with about $26.7 million of the debt backed by crypto-mining…

US senators urge Fidelity to reconsider its Bitcoin offerings after FTX blow-up

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United States senators Elizabeth Warren, Tina Smith, and Richard Durbin have renewed their calls for Fidelity Investments to reconsider offering a Bitcoin (BTC)-linked 401(k) retirement product.  In a letter addressed to Fidelity Investments CEO Abigail Johnson on Nov. 21, the three senators said the recent fall of FTX is more reason than any for the $4.5 trillion asset management firm to reconsider its Bitcoin offering to retirement savers, stating: “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems.” The…

Western Union may be planning to expand its digital offerings far beyond remittances

Western Union may be preparing to offer crypto-related services, judging from trademark applications filed by the company last week. This is the latest of several attempts the company has made to enter the cryptoverse. So far, it has had limited success. Western Union filed for three trademarks on Oct. 18. According to trademark attorney Mike Kondoudis, activities covered by the applications include managing wallets; exchanging digital assets and commodities derivatives; issuing tokens of value and brokerage and insurance services. Western Union is a major provider of cross-border remittance services, and…