On March 14, SingularityNET, which is an AI startup that offers a decentralized Ethereum-based marketplace, announced in a press release that had been posted on Medium that they had partnered with Chinese insurance conglomerate Ping An on a variety of projects. The two companies will initially focus on a small…
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99Crypto
This Week's News and Movement in Digital Currency and Trading
On March 6, global insurance company AXA XL announced through a press release that they would be providing insurance for online capitalization strategies, such as security token offerings (STOs) and equity crowdfunding. They are making this product available through a partnership with Assurely, which is a startup focused on insurance…
Chicago Board Options Exchange Halts Bitcoin Futures Contracts
On March 14, the Chicago Board Options Exchange (CBOE) issued a statement in which they announced that they will not be listing a new Bitcoin futures contract this month. According to the statement, the CBOE Futures Exchange (CFE) will not be offering the trading of a March 2019 dollar-denominated Bitcoin…
Digital Currency Crimes Have Significantly Dropped in the Past Year
According to some reports, cryptocurrency-related crimes have decreased in the past year. Fraud and other crimes represent only a small percentage of total transactions. That doesn't mean cryptocurrency thefts have ceased, though. Thieves continue to make off with hundreds of millions of dollars' worth of cryptocurrencies. In…
Koi Compliance, a New Anti-Money Laundering Product for Cryptocurrency Exchanges
On March 12, Koi Trading — which is a company that offers an OTC trading desk and has received significant investment from leading cryptocurrency exchange Binance — announced that it had released what it calls an anti-money laundering compliance-as-a-service product. It has done this in partnership with a company called IdentityMind, which…
A Blockchain Firm Makes an Investment to Grow Its Resources
On March 11, Medici Ventures, which is a subsidiary of Overstock.com that invests in blockchain technology, announced that they had purchased an interest in Bankorus, which is a blockchain banking platform. Medici Ventures bought a little more than 5% of Bankorus, which lets both organizations and individuals perform a…