Decentralized insurance is another rapidly growing DeFi application enabled by blockchain technology. Decentralized insurance cuts transaction costs and claim cycles by eliminating costly insurance assessment protocols and leveraging significant advancements in an automated payout process. [...]
Any hopes Jim “Mattress Mack” McIngvale had of starting 2022 with a bang evaporated last week after another multi-million dollar fail made it $11.4m in losing bets in just ten weeks.
In this post, we bring to you a recap of important Consumer Protection cases of Year 2021 The Bombay Dyeing Vs. Ashok Narang and Anr. In this case, the Appellant, The Bombay Dyeing and Manufacturing Company Ltd was the builder-promoter whereas Mr. Ashok Narang and others were the allotees/buyers of the flats. It was agreed by the Parties that the possession would be delivered by 2017 at a 20:80 scheme consideration (20% initially and 80% at the time of delivery),…
ONE Esports, the esports venture of sports media company ONE Championship, has announced a long-term partnership with global electronics company Samsung. As a result, the electronics company will develop a ONE Esports mobile app exclusively for Samsung devices across Southeast Asia. RELATED: ONE Esports: Thriving in the SEA esports industry The app, scheduled to launch in […]
Earlier this month, Fidelity Digital Assets, a division of Fidelity Investments, released a report on cryptocurrency developments and their possible future implications. The adoption of cryptocurrencies by sovereign nations is one of the topics covered in the paper. “This past year saw some major moves by world governments with regards to digital assets,” Fidelity described. The report discusses countries like China that have banned cryptocurrency and countries like El Salvador that took the opposite approach and made BTC legal tender. “We think the two developments observed this year couldn’t be more opposed. Time will certainly tell which path is more successful,” the report authors discoursed. Though, they noted: “An outright ban will be difficult to achieve at best, and if successful, will lead to a significant loss of wealth and opportunity.” The authors continued, “We also think there is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that secure some bitcoin today will be better off competitively than their peers,” expounding: “Therefore, even if other countries do not believe in the investment thesis or adoption of bitcoin, they will be forced to acquire some as a form of insurance.” Fidelity illuminated, “In other words, a small cost can be paid today as a hedge compared to a potentially much larger cost years in the future.” The investment firm established: “We, therefore, wouldn’t be surprised to see other sovereign nation states acquire bitcoin in 2022 and perhaps even see a central bank make an acquisition.” Last week, El Salvador’s president, Nayib Bukele, projected that two more sovereign countries would embrace bitcoin as legal cash this year. Nigel Green, the CEO of deVere Group, is more positive. Three more nations are expected to embrace BTC as legal cash this year, according to him.
We can see that Artificial Intelligence (AI) is transforming many parts of our lives, but do we know where this journey is taking us? Insurers need some certainty on what their future will looks like. Some new insurers are trying new business models enthusiastically and then changing direction sharply, like a speedboat swerving to avoid […]
A new report by financial services giant Fidelity claims that countries which adopt Bitcoin early will be better off than their competitors. According to the report, Fidelity researchers believe a form of game theory is emerging on an international level between countries, with early adopters of Bitcoin poised to benefit the most. The report reads, […]
Fidelity Digital Assets, a subsidiary of Fidelity Investments, published a report earlier this month on crypto trends and their potential future impact. Among the trends discussed in the report is cryptocurrency adoption by sovereign nations. This past year saw some major moves by world governments with regards to digital assets,” Fidelity described. The firm expects […]
Financial services giant Fidelity says that more nations will buy Bitcoin (BTC) this year to remain competitive. In a new report, strategists at the firm say that a high-stakes form of game theory is in play and countries who don’t adopt the top crypto asset by market cap early could fall behind their peers. “If […]