Wednesday, November 13, 2019
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PwC Warns Lack of Insurance Access Is Hindering Crypto Businesses

Cryptocurrency businesses find it “almost impossible” to get insurance and this is deterring investors, Big Four auditor PricewaterhouseCoopers (PwC) told Reuters Dec. 20.In comments focusing on the global fintech market, Henri Arslanian — the firm’s fintech and crypto leader for Asia — highlighted the contradictory status quo industry businesses face

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Everest, and 1000 Alternatives, announce new partnership to accelerate blockchain innovation and spur economic development in Kenya, Nigeria and Rwanda, with the goal of extending that progress throughout Africa. The partnership will utilize 1000 Alternatives’ incubators in each country to train entrepreneurs to build distributed applications (“DApps”) on top of the Everest platform. Development of DApps on top of the Everest platform will create jobs, reduce the costs of doing business and grant greater economic access to millions of individuals previously lacking access to these connective technologies. The Everest-enabled DApps will have a variety of applications, including micro-banking with built-in know your customer (“KYC”) / anti-money laundering (“AML”) and value storage; healthcare services with native document storage and sharing; and app-based mortgage lending with native KYC, document storage and messaging. “We are thrilled to partner with Everest, which is focused on the use of blockchain technology for social good,” said Athman Ali, CEO of 1000 Alternatives. “We see a lot of opportunity in the use of blockchains to reduce middle-men costs and we are excited about having access to the Everest platform to empower our entrepreneurs to build modern distributed applications.” “Our partnership with 1000 Alternatives enables entrepreneurs across Africa to leverage the distributed foundation and powerful technology stack of the Everest platform, creating new and innovative applications and quickly bringing them to market,” said Bob Reid, CEO and co-founder of Everest. “We are excited about this new partnership and look forward to seeing entrepreneurs leverage these existing, proven technologies to develop and deliver unique DApps.” Everest, founded in 2016, is a leader in biometric identification, digital wallet and distributed ledger (blockchain) technologies, offering an integrated suite of tools to deliver a full eBanking platform. The Everest platform provides many of the atomic tools required to develop DApps, including EverID, a biometrically based digital identity; EverWallet, a multi-currency and document storage solution; and EverChain, a high-speed distributed ledger. The Everest protocol and application programming interface (“API”) enable many functional services to be built using the same primitives used to make EverID and EverWallet. 1000 Alternatives was founded in 2018 with locations rolling out in Singapore, Kenya, Rwanda and Nigeria, and incubates, invests in and scales profitable lock-step ventures that deliver positive social impact through their products and services.

ADVERTISEMENTS Everest, a biometry-based, value transfer company, and 1000 Alternatives, a leader in social impact development, are joining to accelerate blockchain innovation and economic development in Kenya, Nigeria and Rwanda. The goal of the partners is to extend that progress throughout Africa in the near future. The partnership will

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Medicalchain announced first global use of cryptocurrency to access healthcare services and store health data securely through blockchain

ADVERTISEMENTS Medicalchain recently announched that, for the first-time, cryptocurrency is being used to access GP video consultations through its blockchain-based telemedicine application, MyClinic.com. This is the first action taken by Medicalchain to create borderless healthcare, while allowing patients to access flexible, safe healthcare and have greater control over their health records.

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Swiss Bankers Ease Access for Crypto Startups to Prevent Mass Exodus

The Swiss Bankers Association (SBA) has issued basic guidelines for banks working with blockchain startups on Friday, September 21. As Reuters reports, the measure was taken to prevent a mass crypto exodus out of Switzerland.The document states that banks see blockchain as an opportunity for Switzerland to house financial and

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China Seeks to Block Access to 124 Foreign Crypto Exchanges

Chinese regulators are moving to block more than 100 overseas crypto exchanges from offering trading services to domestic investors. Shanghai Securities Times, a mouthpiece of the Chinese financial authorities, reported on Thursday that the China National Fintech Risk Rectification Office has so far identified 124 trading platforms with overseas IP addresses but that

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