PYMNTS

MARCH 2, 2020

Lloyd’s of London , the insurance firm, is supporting a new policy that protects digital currency held in digital wallets from hackers, Coindesk reported on Monday (March 2). The policy is reportedly a new insurance type that has a limit that changes with the price fluctuations of covered digital currency assets.

Treasury

PYMNTS

APRIL 18, 2019

Once seen as a tool for the dark web and black markets, cryptocurrencies like bitcoin now want to be a part of the broader economy. Bitcoin at the Center. ” The widespread reliance on bitcoin to facilitate ransomware payouts is a “genuine challenge” for the cryptocurrency industry, he added.

Ransomware

PYMNTS

APRIL 29, 2019

SWT International Sdn Bhd, an investment network, and China Wuyi, a construction and engineering firm, jointly rolled out the government-supported effort. China is hardly the only player looking to create so-called crypto cities: In Nevada, a digital currency millionaire is aiming to build a blockchain-based community.

Blockchain

PYMNTS

MARCH 21, 2018

“[The Office of Foreign Assets Control (OFAC)] may add digital currency addresses to the SDN [specially designated nationals] List to alert the public of specific digital currency identifiers associated with a blocked person,” the government agency said in the guidance notice.

Treasury