Insurers are moving into the Bitcoin/Cryptocurrency market, as buyers want insurance if things go pear shaped. Here’s some news from the USA;
Bitcoin Latinum, the next-generation Bitcoin fork capable of massive transaction volume, digital asset management, cyber security, and capacity is announcing its official pre-sale launch. Bitcoin Latinum will trade under the symbol LTNM with a total supply of 888,888,888 LTNM [verifiable by LTNM].
Bitcoin Latinum is now available for pre-sale on www.bitcoinlatinum.com and will be available on exchanges in 2021.
Marsh & McLennan, one of the world’s leading specialty insurance brokers and risk advisers, has been appointed to arrange a comprehensive insurance program for Bitcoin Latinum. The insurance coverage, to be arranged by Marsh Asia, will protect Bitcoin Latinum holders in case of external theft and internal collusion, potentially up to the full value of their holdings. This contemplated insurance coverage will make Bitcoin Latinum the world’s largest insured digital asset.
Draper Dragon Fund will be playing a major role with Bitcoin Latinum. Draper Dragon Fund has invested in blockchain companies Telegram, Ledger, Vechain, Ultrain, Aelf and Token Insight. “The partnership with Marsh, Monsoon, and Bitcoin Latinum would further extend our digital asset portfolio,” said Richard Wang, Managing Partner of Dragon Digital Fund. Draper Dragon is an extension of the Draper Venture Network (DVN) backed by billionaire Tim Draper, who is often regarded as one of the most successful venture capitalists in the world.
Adopting Bitcoin Latinum is Academy Award winning studio Cross Creek Media. Cross Creek has grossed over $1.7 billion at the worldwide box office. Cross Creek Media, which has long-term relationships with Sony Pictures Entertainment and Universal Pictures, most recently expanded its digital assets in film, television, and IP with Monsoon Blockchain & Marsh. Cross Creek has been a co-financier/producer of such films as Oscar winner “Black Swan” and has been behind hits “American Made”, “Everest”, and “Hacksaw Ridge”. Timmy Thompson, CEO of Cross Creek Media stated, “We are very excited about Bitcoin Latinum and its capabilities as an insured token, as we continue developing award-winning properties. Cross Creek’s portfolio of new media technology investments perfectly positions us to take advantage of the digital asset sector in Media and Gaming.”
The implementation of blockchain and cryptocurrencies in the banking and finance sectors has been steadily increasing in the past two years. JPMorgan Chase ($2.98 trillion AUM) recently launched a digital currency for large technology clients, and PayPal will now allow its close to 350 million users to purchase and sell major cryptocurrencies, including Bitcoin. The blockchain network Spunta has already been adapted by many of Italy’s banks, and it is being reported that a digital version of the Yuan is being tested by the People’s Bank of China.
The incorporation of Bitcoin and cryptocurrencies into US and Asia cross-border deal flow of digital assets has been increasing exponentially. Monsoon Blockchain, Asia’s premiere blockchain company, will be adapting Bitcoin Latinum in their extensive ecosystem and pipeline of digital asset deals. Monsoon is focused on becoming the company pioneering the adoption of highly secure decentralized asset management. Earlier this year Monsoon Blockchain formed major partnerships in the blockchain and digital asset space with governments, telecom, media and entertainment, and fintech industries.
Obviously Insurance Edge recommends you seek professional advice before making any investment.