Meanwhile Insurance, an insurance tech startup, is gaining attention by incorporating Bitcoin payments into its platform.
Tag: bitcoin
SEC Asked Coinbase Not to Trade Any Cryptocurrency Other than Bitcoin Before Suing the Platform
The U.S. Securities and Exchange Commission (SEC) urged cryptoasset exchange platform Coinbase to cease trading any other cryptocurrency besides bitcoin before proceeding early last June to sue the company for operating as an unregistered exchange, Coinbase CEO Brian Armstrong has revealed.
Bitcoin Price Hits Record High
Bitcoin hit a record high price Monday, according to cryptocurrency news and data source CoinDesk, with the digital currency trading as high as $19,786.24. This isn’t the first time that the virtual coin’s price has spiked, with past big gains often followed by steep declines. But, experts have said, this time may be a bit… Continue reading Bitcoin Price Hits Record High
Baltimore Transfers $6M to Pay for Ransomware Attack; City Considers Cyber Insurance
Baltimore officials on Wednesday voted to transfer $6 million from a fund for parks and public facilities to help pay for the devastating impact of the May ransomware attack on the city. The funds will help pay for “cyber-attack remediation and hardening of the environment,” according to the city’s spending panel, the Board of Estimates,… Continue reading Baltimore Transfers $6M to Pay for Ransomware Attack; City Considers Cyber Insurance
Zurich Insurance Group to Use Accenture Blockchain Tech to Streamline Surety Bonds
Accenture and Zurich Benelux have both announced the debut of a first-of-its-kind blockchain-based solution that enables Zurich’s clients in Benelux to manage surety bonds. Benelux is a political and economic union that comprises Belgium, the Netherlands, and Luxembourg. Surety bonds are three-party agreements designed to guarantee performance or more general fulfillment of an obligation in… Continue reading Zurich Insurance Group to Use Accenture Blockchain Tech to Streamline Surety Bonds