Crypto Financial Services Firm to Offer Crypto Insurance Through Lloyd's of London

Blockchain security firm and crypto wallet service BitGo has revealed plans to offer crypto insurance through Lloyd’s of London, according to a press release on Feb. 19.

BitGo Business Wallet clients will be able to acquire insurance for their digital assets held on BitGo’s Business Wallet service and Custodial offering

Assets held by either BitGo or BitGo Trust Company can insured for up to $100 million by global insurance and reinsurance market Lloyd’s,

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Mongolia Partners With Stablecoin to Use Blockchain for Lending Services, Money Transfers

Mongolia’s capital city of Ulaanbaatar has partnered with a stablecoin company to release instant money transfer and lending services, Asia’s largest tech media platform e27 reported on Jan. 11.

Ulaanbaatar City’s administration has agreed to partner with a South Korean blockchain company, dubbed Terra, in order to eventually replace the current payment methods for utility bill and government subsidies with the Terra stablecoin,

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Blockstream, Swiss IT Consulting Firm Sign MoU for Blockchain Integration Services

Global blockchain company Blockstream has partnered with а Swiss crypto consulting firm to launch a blockchain-driven settlement network, according to a press-release Dec. 17.

Inacta AG and Blockstream have reportedly recently signed a Memorandum of Understanding (MoU) to provide integration services for Liquid — a sidechain solution launched by Blockstream in October.

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Israel: Financial Services Firm GMT Joins RippleNet

Israel-based financial services firm GMT has joined Ripple’s bank and payment provider network, the company confirmed in a recent press release.

The result of a “long and precise process,” the move reportedly will help the company remain “at the forefront” of the local finance industry.

Ripple, which operates blockchain-based financial products using its XRP token,

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Bithumb Resumes Deposit and Withdrawal Services – Upbit Reveals 127% Cash Reserves

Exchanges

South Korean exchange Bithumb has resumed deposit and withdrawal services for a number of cryptocurrencies after the recent hack. Another major Korean exchange, Upbit, has released an audit report showing more crypto and cash reserves than needed to pay customers. Meanwhile, all customer deposits at Korbit will now be held by a bank.

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Qtum Platform Now Available Through Amazon Web Services

Singapore-based Qtum has launched its decentralized application (DApp) development platform on Amazon Web Services (AWS). With this launch, AWS users and developers will be able to develop and launch smart contracts using an Amazon Machine Image (AMI), made up of Qtum Core, Solidity and Qmix web IDE.

Qtum is a hybrid platform,

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