Chinese State-Owned Company Launches 2 Crypto Funds in Hong Kong
One of China’s main insurers has backed the institution of two crypto funding funds in Hong Kong. The enterprise transfer comes in opposition to the...
Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors
Court filings reveal that the FTX co-founder is searching for entry to a $10 million insurance coverage plan to cowl his lawyer charges. FTX debtors...
Insurance Giant Tokio Marine to Offer Its Services within the Metaverse
Tokio Marine, the most important property/casualty insurance coverage group in Japan, is taking its providers and operations into the metaverse. The group, which has greater...
‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations because the Banks’ Credit Default Insurance Nears 2008 Levels
It’s been greater than a decade for the reason that monetary disaster in 2007-2008 when Lehman Brothers, the fourth largest funding financial institution within the...
Brazilian Brokerage Platform Rico to Offer Cryptocurrency Services Next Year
Rico, a Brazilian brokerage platform a part of XP Inc., has introduced it plans to enter the cryptocurrency market subsequent 12 months. The division is...
Belgian Banking Group KBC Creates Blockchain-Based Coin
KBC Group, a serious European banking and insurance coverage establishment headquartered in Belgium, has launched a token primarily based on a blockchain platform. Its prospects...
Revolut Launches Banking Services in Spain Featuring Deposit Insurance
Revolut, a number one fintech platform and neobank, has acquired a particular banking license to function in Spain. User deposits at the moment are insured...
Blockchain Industry to Surpass $67 Billion by 2027: Fintech Report Names 2021’s Most Influential Blockchain Companies
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...
The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’
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....
Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance
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...