insurance
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BitGo Trust to Provide Cryptocurrency Custody and Cold Storage Services for Genesis
It is reported that BitGo Trust, a cryptocurrency custody company, will provide qualified custody and cold storage services for assets held by institutional clients representing Ge
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Protect Your Investment: Understanding the Protection Period for Vauld’s Creditors
It is reported that the protection period for creditors of Vauld, a cryptocurrency lending platform, has been extended again to April 28.
Vauld received another creditor protection -
Bank and Insurance Sector Struggle as Stock Market Takes A Hit
According to reports, the three major US stock indexes collectively ended lower, with the Dow down 1.2%, the Nasdaq down 0.74%, and the S&P 500 index down 1.1%. Banking and insurance sectors led the decline, with Bank of the First Republic falling more than 32%, and most popular technology stocks falling. The three major US stock indexes collectively ended lower, with the S&P 500 index down 1.1% Analysis based on this information:The recent decline in the US stock market is causing concern among investors worldwide, as the downward trend is sweeping across all major indexes, including the Dow, Nasdaq and S&P 500. This trend, brought about by the weakened banking and insurance sectors, has resulted in sharp declines in the stock market for the last few days. The Bank of the First Republic’s fall of more than 32% is only the latest event in a string of struggles for banks and insurance companies. As the COVID-19 crisis drags on, many…
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Vitraya raises $4.1 million in funding for its blockchain insurance technology startup
On March 15th, the blockchain insurance technology startup Vitraya announced that it had completed a round A financing of $4.1 million, with Xceedance and an unnamed investment consortium participating. Vitraya mainly utilizes artificial intelligence and blockchain technology to provide insurance companies with automated services for payment integrity, medical procedures, and benefit management, helping hospitals/healthcare service providers, as well as insurance companies that provide health insurance products to consumers and businesses, to pay and settle claims in real time. Blockchain insurance technology startup Vitraya completed a round A financing of $4.1 million Analysis based on this information:Vitraya, a blockchain insurance technology startup, has announced the completion of its round A financing, which raised $4.1 million from Xceedance and an unnamed investment consortium. The company is primarily focused on integrating artificial intelligence (AI) and blockchain technology to leverage the power of automation for insurance firms. Vitraya’s innovation aims to automate processes that were previously manual and time-consuming, resulting in faster and…
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FDIC Terminates CEX.IO’s Misleading Statement
It is reported that the Federal Deposit Insurance Corporation (FDIC) has sent a termination letter to CEX.IO, requesting CEX.IO, a cryptocurrency exchange head…