HSBC Leads $6.85m Funding for Blockchain Insurance Startup
A $6.85 million investment lead by HSBC was raised by blockchain insurance startup MediConCen, which wants to enhance the industry by “simplifying and speeding up the claims journey.” With its headquarters in Hong Kong, the business announced on its blog that additional investors in the investment round included newcomer Wings Capital Ventures, G&M Capital, and […]
Kraken Expands in Europe with Dutch License
Kraken has obtained a license in the Netherlands, allowing it to operate in the country as a virtual asset service provider (VASP). Kraken has obtained the provider license as part of its strategy to increase its presence throughout Europe. After acquiring Dutch cryptocurrency broker BCM in October of last year, Kraken is now poised to […]
Hong Kong Announces Legislative Consultation on Cryptocurrency
Hong Kong authorities have opened a public consultation on legislative plans to establish a licensing system for providers of over-the-counter (OTC) virtual asset trading services. The Hong Kong government claims that certain fraud cases have revealed the participation of VA over-the-counter operators; therefore, in order to lower the dangers associated with money laundering and financing, […]
Europe Leads Ethereum ETF Market with $4.6B AUM
Europe and Canada already have billions of dollars worth of spot and futures Ethereum-related products, while U.S. regulators are still debating spot Ethereum ETFs. Europe has an 81.4% market share in the worldwide Ethereum (ETH) ETF market, according to a Coingecko report. There are thirteen ETFs in the space with ETH backing, distributed among futures […]
Epic Games Store to Allow Early Access for Video Game Shrapnel
Shrapnel, an upcoming web3 shooting game, will soon be accessible on the Epic Games Store as an early access title. Shrapnel, a blockchain video game akin to Call of Duty, will go on early access from February 8 through February 10, from 1 pm to 9 pm PT. The first build of the game, called […]