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.īitcoin’s market cap is nearing $200 billion and makes up approximately 84% of the cryptocurrency market. 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 implementation of blockchain and cryptocurrencies in the banking and finance sectors has been steadily increasing in the past two years. Recently, Hex Trust partnered with Milan-based global leader, SIA, which processes over $14 billion in digital payments and over $16 billion in institutional services transactions each year.
Built with banks and financial institutions in mind, Hex Trust offers hardware security modules from IBM, and is connected to the SWIFT payment network. Recommended AI News: Cymulate Now Available In AWS Marketplaceīitcoin Latinum has selected Hong Kong’s Hex Trust, the leading digital asset custody platform for the banking sector, to be a digital asset custodian for the new token. Cross Creek’s portfolio of new media technology investments perfectly positions us to take advantage of the digital asset sector in Media and Gaming.” 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 Media, who 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 grossed over $1.7 billion in the worldwide box office. 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.Īdopting Bitcoin Latinum is Academy Award winning studio Cross Creek Media. “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 Fund has invested in blockchain companies Telegram, Ledger, Vechain, Ultrain, Aelf and Token Insight. This contemplated insurance coverage will make Bitcoin Latinum the world’s largest insured digital asset.ĭraper Dragon Fund will be playing a major role with Bitcoin Latinum.
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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. 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. Furthermore, Bitcoin Latinum looks to reduce the cost of a Bitcoin transaction from dollars to pennies for on-chain transactions and even lower rates for lightning-based transactions. In addition, Bitcoin Latinum adds security around inflight transactions and enhanced mining node protection based on memory scanning technology. Bitcoin Latinum tokens will be interchangeably used on each of these partner/supplier networks by consumers. The Bitcoin Latinum tokens are a part of a blockchain ecosystem being adopted by companies in media, gaming, storage, cloud, and telecommunications. Recommended AI News: Workspot’s Desktop Cloud SaaS Platform Helps AEC Firm Torti Gallas + Partners Support Remote Work And Increase Business Agility According to Nasdaq, the total DeFi related cryptocurrency market recently passed $14 billion, up from $1 billion in February 2020. Bitcoin Latinum taps into the new wave of crypto DeFi - decentralized finance - for its role in independent digital transactions. The Bitcoin Latinum algorithm and infrastructure break barriers and speed limits that have prevented some virtual currencies from achieving practical, real-time use. īitcoin Latinum is an enhanced Bitcoin fork. Bitcoin Latinum will trade under the symbol LTNM with a total supply of 888,888,888 LTNM. 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.