Insurance Company Sued for Refusing to Cover $7.5 Million Bitcoin Ransom Payment

Insurance Company Sued for Refusing to Cover $7.5 Million Bitcoin Ransom Payment

Post Views: 76 A British jeweler has sued its insurance company for refusing to cover a bitcoin ransom payment of $7.5 million. The jeweler paid the hackers to prevent sensitive customer data from being published. A luxury British Jeweler, Graff, has sued its insurer, The Travelers Companies, for refusing to cover a ransom bitcoin…

Nigerian Mobility Fintech Secures $20 Million From British Development Finance Institution

Nigerian Mobility Fintech Secures $20 Million From British Development Finance Institution

Post Views: 90 A Nigerian fintech, Moove, recently secured a $20 million investment from British International Investment (BII). Moove said the funds will be used to democratize access to vehicle ownership in Africa. The British development finance institution (DFI), British International Investment (BII), recently said it had invested $20 million in the Nigerian mobility fintech…

Bitcoin, Ethereum Technical Analysis: BTC Below $20,000 as Markets React to Increasing Dollar Strength 

Bitcoin, Ethereum Technical Analysis: BTC Below $20,000 as Markets React to Increasing Dollar Strength 

Post Views: 79 BTC fell below $20,000 on Tuesday, as volatility in financial markets continued to peak, due to current levels of inflation. The euro fell to its lowest level against the U.S. dollar in over twenty years, and this dollar strength seems to be impacting crypto prices. ETH also slipped, falling below $1,100. Bitcoin…

Survey: Investors Expect Bitcoin’s Price to Fall to $10,000

Survey: Investors Expect Bitcoin’s Price to Fall to $10,000

Post Views: 133 A new survey shows that the majority of nearly 1,000 investors who responded expect bitcoin’s price to drop to $10K. In addition, 28% of respondents expressed strong confidence that cryptocurrencies are the future of finance while 20% said they are worthless. The latest Bloomberg MLIV Pulse survey, conducted from July 5-8, asked…

G20 Watchdog Announces ‘Robust’ Global Crypto Regulation Coming in October

G20 Watchdog Announces ‘Robust’ Global Crypto Regulation Coming in October

Post Views: 92 The Financial Stability Board (FSB) says it is working on a “robust” regulatory framework for crypto assets and will report its recommendations to the G20 finance ministers and central bank governors in October. The G20 watchdog stated that it is committed to promoting “international consistency of regulatory and supervisory approaches amongst national…