News 

Insurance Giant AXA XL Launches Security Token and Crowdfunding Insurance Service

“Insurance giant AXA XL and insurance technology startup Assurely have jointly launched a new insurance product covering equity crowdfunding and Security Token Offerings (STOs), according to a press release published on March 6” writes Ana Alexandre for cointelegraph.com. AXA XL is reportedly the second largest insurer in Europe, also providing risk management and reinsurance services to insurance companies globally.As Cointelegraph reported in February, blockchain security firm and crypto wallet service BitGo announced plans to offer crypto insurance through Lloyd’s of London.The new product dubbed CrowdProtector is designed for issuers and investors, and purportedly…

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Crypto News 

Japan: Hacker Involved in 15 Mln Yen Crypto Theft Referred to Prosecutors

“An 18-year-old hacker was referred to prosecutors in the Japanese city of Utsunomiya for stealing cryptocurrency, local news outlet Japan Today reported on March 14” writes Ana Alexandre for cointelegraph.com. In 2018, over 7,000 cases of suspected money laundering tied to crypto were reported to Japanese police. Source: cointelegraph.com

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Crypto News 

Coinbase Custody Conducts First OTC Trade From Cold Storage

“Coinbase Custody, the custodial tool of United States-based crypto exchange Coinbase, has completed its first over-the-counter (OTC) trade from cold storage, according to a blog post published on March 13” writes Ana Alexandre for cointelegraph.com. The post reveals that Coinbase Custody is now directly integrated with Coinbase’s OTC desk, which enables customers to use the OTC desk to price and confirm trades prior to moving funds.Armstrong’s arguments tackled the perception that hot storage is always necessary to provide the flexibility and speed required to execute trades. Source: cointelegraph.com

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Coinbase Links User Accounts on Its Main Platform to Its Wallet App

“According to the company, Coinbase Wallet is slightly different from the main app, referred to as Coinbase.com” writes Ana Berman for cointelegraph.com. Cryptocurrency exchange and wallet service Coinbase has introduced a service to link users’ accounts on its main platform to its Coinbase Wallet app, according to an announcement on March 12.With Coinbase Wallet, users store their own crypto protected by their unique private keys.The exchange has explained that the wallet can now be connected to accounts on its main platform for quick transfers from the main account to the…

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Binance’s Trust Wallet Enables Credit Card Payment, Adds XRP Support

“Binance has added support for credit card payments on its official wallet platform Trust Wallet” writes Arnab Shome for financemagnates.com. Along with the credit card support, the platform has added support for XRP storage as well.Both the firms first joined hands in January this year to bring similar payment support on Binance’s flagship crypto exchange.Last month, the crypto exchange launched the public test network of its much anticipated decentralized crypto exchange called Binance DEX. The exchange has also decided to make Trust Wallet the native wallet platform for the upcoming…

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Crypto News 

Digital Currency Wallet Abra Adds Direct Support for ETH Instead of as Asset Derivative

“Digital currency wallet and exchange Abra has launched native Ethereum (ETH) support, according to an official blog post published on March 12” writes Marie Huillet for cointelegraph.com. As the Abra blog post outlines, up until now, Abra had only supported Ethereum as a so-called “synthetic asset” — an investment mechanism that creates crypto-collateralized contracts so that users could gain exposure to the altcoin’s price movements, but not hold the coin itself.Users will now be able to receive, hold, sell and buy ETH directly from the Abra wallet, as well as…

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Crypto News Platforms 

Leading Social Investing Platform EToro Launches Crypto Services in 31 US States

“At launch, three such portfolios featuring crypto assets will be offered on the platform” writes Adrian Zmudzinski for cointelegraph.com. Lastly, eToro also announced the launch of its own cryptocurrency exchange, eTorox, later this year.The platform also has a social media aspect; specifically, eToro allows users to allocate funds to automatically trade proportionally to the portfolio of another user.Along this vein, Estonia-based digital trading platform DX.Exchange has added recently tokenized exchange-traded funds (ETFs) to its services.The exchange, which — per the release — has over 10 million registered users, will start…

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Crypto News 

US Startup Introduces Crypto Hardware Wallet Chip for Cell Phones

“In January, cryptocurrency hardware wallet firm Ledger presented its new Bluetooth-based wallet, Ledger Nano X, that has the capacity to store 100 different crypto assets” writes Misty Cephus for cointelegraph.com. United States startup VaultTel has introduced a hardware cryptocurrency wallet designed to fit in a mobile phone SIM card tray, a press release from the company reveals on March 6. Source: cointelegraph.com

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Physical wallet dying…

“Upgrading your wallet: How soon can I get a digital driver’s license?” writes unknown author for usatoday.com. Your physical wallet is on borrowed time.Forty-three percent of the smartphone owners in the SurveyMonkey survey want to see longer battery life before they stop using their physical wallet altogether. Email: [email protected]; Tweet @edbaig and let us know whether you feel comfortable leaving your wallet behind. Source: usatoday.com

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ValutTel Launches Mobile-Based Crypto Cold Wallet

“In a bid to offer a secure crypto storage system on mobile phones, VaultTel has launched a storage solution combining the security of software and hardware” writes Arnab Shome for financemagnates.com. The software solution will then play its role as the user can easily access the stored assets on the wallet just like any other mobile wallet – only in this case, it is a cold wallet.To access the wallet, users have to insert the VaultTel Card inside the SIM card tray or connect it to the phone using a…

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