UK Startup Launches Crypto Insurance, 24/7 Bitcoin-Monitoring Service

Cardiff-based cryptocurrency insurance startup Coincover has launched an insurance policy covering theft and loss.  Local news outlet Whales247 reported on Sept. 24 that this is “the first and only service to guarantee digital funds held online will not be lost or stolen.”  Coincover’s service reportedly monitors the wallet at all times and issues warnings in case of suspected theft, recovers funds in case of private key loss, manages key backups, provides cash replacement value in case of theft, and checks for any suspicious activity. Making crypto less risky Furthermore, the…

Coinshares Urges Customers to Fight UK Regulator’s Ban on Crypto ETNs

The United Kingdom’s Financial Conduct Authority (FCA) is proposing to ban cryptocurrency exchange-traded notes (ETNs) — but Coinshares, a U.K.-based regulated public exchange, disagrees with that proposal. Claims of insufficient evidence  In a Sept. 23 letter on its website, Coinshares claimed the FCA has not provided enough evidence to justify the proposed ban on crypto ETNs — warning its customers that they will no longer be able to trade such products if the ban is approved. The company added:  “We believe that the FCA has not provided sufficient evidence to justify the…

IBM is Interested in Working on Facebook’s Libra Crypto

The cryptocurrency space has been on an impressive run this year and one of the biggest developments this year was the announcement of Facebook’s Libra, the social media company’s very own crypto token. It goes without saying that it was a huge announcement and caused a lot of noise in the crypto sphere. As is well known, Facebook (NASDAQ:FB) is heading the Libra project, but the company is going to be helped by many other firms. Key Development Today, it has emerged that tech giant IBM (NYSE:IBM) is apparently open…

Samsung’s Blockchain SSD Patent Could Disrupt Crypto Mining

Electronics giant Samsung filed for a patent in May 2019 titled, “Programmable Blockchain Solid State Drive and Switch.” Even though few details are known about the newly designed system, a surge in patent applications filed by large corporations on blockchain is clearly visible. Related: Bank of America’s Blockchain Foray: Patent Trolling or Hedging Risks? Patent wars — i.e., battles between corporations or individuals to secure patents for litigation — are certainly not new. They have been widely practiced in the tech ecosystem since the times of Alexander Graham Bell at…

Crypto Exchange Giant Binance to Launch US Trading Tuesday

Binance.US, the American arm of cryptocurrency exchange giant Binance, has announced it will start trading fiat-crypto and crypto-crypto trading pairs on Tuesday. The trading platform will list seven cryptocurrencies immediately upon the launch, including bitcoin, Binance coin (BNB), ethereum, XRP, bitcoin cash, litecoin and Tether’s USDT. Binance.us also revealed it will soon open deposits for another five assets: cardano (ADA), basic attention token (BAT), ethereum classic (ETC), stellar’s XLM and 0x. Last Wednesday, the new exchange started to open for registration and deposits, but did not disclose a specific date for…

Crypto Market & Bitcoin Could Extend Losses: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is currently struggling below the $260.0B resistance area. Bitcoin price is declining and is trading just below the $10,000 support area. EOS price is correcting gains and it even broke the $3.850 support area. BCH price is declining and is approaching the main $300 support area. Tron (TRX) price is down more than 5% and it is approaching the $0.0165 support level. Cardano (ADA) price failed to stay above the $0.0500 support and declined below $0.0485. Bitcoin and the crypto market cap are currently declining.…

Kraken and Coinbase Among the Cleanest Crypto Exchanges: BTI Report

The Blockchain Transparency Institute (BTI) has released its latest market surveillance report which states that Kraken and Coinbase are among the cleanest cryptocurrency exchanges in the industry. BTI cleans wash trading from exchanges’ volumes On Sept. 19, the Blockchain Transparency Institute published its 5th market surveillance report that verifies reporting of cryptocurrency exchange volumes. The BTI has been publishing reports since August 2018, and through its proprietary algorithm, BTI cleans all wash trading from exchanges’ volumes. The report states: “Since the start of 2019, global wash trading has reduced by…

Crypto News From the German-Speaking World: Sept. 16–22 in Review

The German-speaking world saw a number of crypto and blockchain events this week, with the German Federal Government releasing its blockchain strategy and local companies and associations launching new industry initiatives. Here is the past week of German crypto and blockchain news in review, as originally reported by Cointelegraph and Cointelegraph auf Deutsch. New DLT public offering is approved by Liechtenstein On Sept. 16, German crypto investment startup Neufund rolled out its blockchain-based public offering platform, following clearance from the Financial Monetary Authority in Liechtenstein. As part of the first…

Do Crypto Payment Restrictions Undermine Blockchain’s Core Values?

The power of cryptocurrency payment service providers is under the spotlight after a $100,000 donation to an Amazon rainforest charity was blocked last month. American cryptocurrency payment service provider BitPay reportedly blocked a Bitcoin payment from charity organization Amazon Watch because it had failed the internal processes of the payment platform. It is understood that the charity’s pay limit was set below $100,000 before BitPay advised its staff to change it. The process then came to a halt, as the limit could not be changed automatically without separate documentation. This…

Top-5 Crypto Performers: XLM, MIOTA, ETH,TRX, XRP

Bakkt Daily and Monthly Bitcoin Futures will launch on Sept. 22 at 8 p.m. EDT. This is likely to increase volatility in Bitcoin, which has been stuck in a tight range for the past few weeks. Expectations are that Bitcoin-settled contracts and the backing of the New York Stock Exchange will attract institutional players, who have largely stayed away from making big investments in cryptocurrencies. How much of this plays out remains to be seen. BitMEX CEO and co-founder Arthur Hayes says that 24 hours a day, seven days a…