Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
Insurance covers damage inflicted by unpredictable events, and cryptocurrency insurance is no different. Highly volatile cryptocurrency often makes headlines as the target of multimillion-dollar hacks, leading to investors losing millions and the sector shedding billions.
Some insurers cover only crypto exchanges because that's where the large balances of crypto funds reside. Though not an insurance company per se, Coincover does offer an individual protection technology and software solution that attempts to prevent crypto businesses from losing crypto due to theft or human error.
There are a few ways you can buy a car with cryptocurrency. Some online car marketplaces such as Car for Coin and BitCars allow you to exchange crypto — primarily Bitcoin — for a vehicle. There is an easy way to use cryptocurrency as payment anywhere that accepts debit cards.
Christopher Lin, the head of AIG’s North American Cyber Insurance practice head, compared the crypto industry to a digital armored car service. He said that he had adopted a strategy of finding an established business without a similar risk profile.
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