Umbrella Holdings: Insure your Cryptocurrencies!
Cryptocurrency is a world full of “firsts”. Bitcoin was the first coin, Litecoin was the first scrypt coin, Peercoin first established POS, Darkcoin was the first successful privacy centric coin, things like that. Today I’m here with Robert Murray, owner and founder of Umbrella Holdings. Umbrella plans on releasing cryptocurrencies which will help insure losses against Bitcoin and Litecoin right now, with potentially more in the future. Umbrella is an insured cryptocurrency that is designed to be merged-mined alongside a parent coin, usually the industry leader in terms of market cap for....
Related News
Umbrella Holdings: Insure your Cryptocurrencies! Umbrella is an insured cryptocurrency that is designed to be mined with a parent coin. It is usually the industry leader in terms of market cap for its algorithm. Umbrella differs from other cryptocurrencies by automatically sending a portion of each block reward to a secure wallet. Once the exchange is deemed secure, they guarantee all Umbrella Holdings while held on exchange. It’s important to note, while any exchange can list Umbrella cryptocurrencies, only certified have gone through the security audit and are insured. David Berger,....
More than 110,000 investors signed up for the chance to receive one of 1,000 whitelistings for Umbrella Network’s IDO on Polkastarter. Decentralized oracle network Umbrella has published details of its recent initial DEX offering, or IDO, revealing that 110,000 applicants hsigned up for the offering on Polkastarter.The Feb. 9 offering saw 10 times the amount of hopefuls sign up as the 1,000 randomly selected slots available, with 2.5 million UMB tokens being distributed to only 625 participants during the sale.The IDO raised 72.5 Ether worth roughly $250,000. In an announcement shared with....
PRESS RELEASE. BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of UMB Tokens (UMB) under the trading pair of UMB/USDT on March 10th at 9:00 a.m. EST. Umbrella Network is a community-owned, decentralized oracle service providing secure, low-cost, and massively scalable data solutions to blockchain and decentralized finance (DeFi) applications. The UMB native token is utilized for governance and liquidity rewards in a Delegated Proof of Stake system. Umbrella provides access to data previously....
Image problem for Bitcoin? Bitcoin has an image problem! A problem of its own making and it's a bad image, one that, to some extent, it deserves. The cryptocurrency Bitcoin has gone from a value of cents to being worth over $1,000, and in less than five years. It has now dropped back to less than $500 and, here is the thing, it's not the first time the currency has done this. In 2011, Bitcoin went from 30 cents to $32 before slipping back to $2. People remember the drop because bad news sells papers and a drop of $30 or almost 94% is a great headline, frightening, isn't it. If the currency....
Can a disruptive technology like Bitcoin ever be insured,' wonders Innovative Insurance Group President Ty Sagalow. In one of his recent blogposts, the insurance veteran referred to Bitcoin as "a new risk in the technology space", saying that the insurance industry will have to create new underwriting techniques and protocols if it wants to cater to the digital payment industry. To make things more clear, he exemplified the famous "Y2K crisis" in the late 90s that had insurance industry writing new rules for insuring technology. "So we created "Y2K insurance" and made it available only to....