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The American Association of Insurance Services is turning to IBM Blockchain to support a new automated insurance reporting tool.

Dec 28, 2020 at 8:10 p.m. UTC(Techa Tungateja/iStock/Getty Images Plus)Who Insures the Insurer? Cover Protocol Attack Exposes DeFi’s Promise and PerilMonday’s $4 million attack on the Cover Protocol, a decentralized insurance service, sent my mind to that classic nursery rhyme, There Was an Old Lady Who Swallowed a Fly.You know, the one where an unfortunate…

BlackRock, Fidelity, and other applicants to list a spot bitcoin exchange-traded fund (ETF) in the U.S. have revealed their fees as the crypto industry awaits the final approval from the Securities and Exchange Commission.BlackRock said in its final S-1 filing that its fee will start at 20 basis points for the first 12 months until

Mutiny, a Bitcoin wallet startup, released on Thursday a beta version of what it says is the first self-custodial Lightning wallet that runs on the web.The wallet is browser-based, which avoids restrictions that might be placed on wallets distributed through app stores run by Apple or Google.Apple has reportedly censored bitcoin-focused products like the decentralized…

The U.S. Securities and Exchange Commission's (SEC) lawsuit again Binance could be a preview of what may be coming down the road for rival crypto exchange Coinbase (COIN), Berenberg analyst Mark Palmer wrote in a note on Monday."We observe that several of the details of the lawsuit that the commission filed against Binance echo those…

On Monday, Blackrock filed a revised spot bitcoin exchange-traded fund (ETF) proposal in a bid to appease regulators, likely boosting its odds of securing a first-of-its-kind approval in the U.S.Under the updated proposal, Blackrock's ETF will feature cash creation and redemption mechanisms, the model favored by the Securities and Exchange Commission (SEC). The world's largest

news “Big Four” auditing firm PwC’s Luxembourg branch will accept cryptocurrency payments from clients starting next month. The move, announced Monday, is a response to client demand and demonstrates PwC Luxembourg’s belief in blockchain technology’s “medium to long-term” role in the economy, the firm said. PwC Luxembourg said it partnered with a local exchange to facilitate…

Bitmain-backed mining pool BTC.com is expanding its offerings to include ethereum and ethereum classic, the company announced Thursday. BTC.com, which claims to have mined 21 percent of all bitcoin blocks last year, will offer the new mining client through its pool.btc.com portal, and will also offer an ethereum block explorer and API, according to a…

news After announcing a $30-million hack last week, Japan-based cryptocurrency exchange Bitpoint says it’s discovered that another $2.3 million is missing. A report from Japan Today on Monday said the extra losses were discovered at exchanges outside Japan that were using Bitpoint’s trading system and announced Sunday. The firm announced Friday that it had suffered a…