This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"Elliptic analysis confirms that some of the funds stolen from CoinEx were sent to an address which was used by the Lazarus group to launder funds stolen from Stake.com, albeit on a different blockchain,\"<\/em> wrote Elliptic. <\/p>\n\n\n\n Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Lazarus has been associated with five significant cryptocurrency breaches in the last quarter. The most recent one is CoinEx, a worldwide cryptocurrency exchange. CoinEx was compromised <\/a>earlier this week, resulting in an estimated theft of $54 million. In total, Elliptic's calculations indicate that Lazarus has stolen nearly $240 million in cryptocurrencies in the past 105 days alone.<\/p>\n\n\n\n \"Elliptic analysis confirms that some of the funds stolen from CoinEx were sent to an address which was used by the Lazarus group to launder funds stolen from Stake.com, albeit on a different blockchain,\"<\/em> wrote Elliptic. <\/p>\n\n\n\n Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Elliptic, the blockchain monitoring company, released a report <\/a>on Friday. It provides insights into the actions of the infamous North Korean hacking group, Lazarus. This group has significantly increased its activity and recorded a $204 million sum in just 15 weeks.<\/p>\n\n\n\n Lazarus has been associated with five significant cryptocurrency breaches in the last quarter. The most recent one is CoinEx, a worldwide cryptocurrency exchange. CoinEx was compromised <\/a>earlier this week, resulting in an estimated theft of $54 million. In total, Elliptic's calculations indicate that Lazarus has stolen nearly $240 million in cryptocurrencies in the past 105 days alone.<\/p>\n\n\n\n \"Elliptic analysis confirms that some of the funds stolen from CoinEx were sent to an address which was used by the Lazarus group to launder funds stolen from Stake.com, albeit on a different blockchain,\"<\/em> wrote Elliptic. <\/p>\n\n\n\n Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
SEC has rejected attempts by several crypto firms to register a spot Bitcoin ETF. Recently, a U.S. court made a final ruling<\/a> invalidating the SEC's rejection of a spot Bitcoin ETF filing by Grayscale. BlackRock and Fidelity are other asset managers that have filed for spot Bitcoin ETFs in the U.S.\u00a0<\/p>\n","post_title":"Fear of Missing Out? Hong Kong Considers Spot Crypto ETF Amid U.S. Indecision","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fear-of-missing-out-hong-kong-considers-spot-crypto-etf-amid-u-s-indecision","to_ping":"","pinged":"","post_modified":"2023-11-10 23:00:40","post_modified_gmt":"2023-11-10 12:00:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13485,"post_author":"15","post_date":"2023-09-19 22:26:55","post_date_gmt":"2023-09-19 12:26:55","post_content":"\n Elliptic, the blockchain monitoring company, released a report <\/a>on Friday. It provides insights into the actions of the infamous North Korean hacking group, Lazarus. This group has significantly increased its activity and recorded a $204 million sum in just 15 weeks.<\/p>\n\n\n\n Lazarus has been associated with five significant cryptocurrency breaches in the last quarter. The most recent one is CoinEx, a worldwide cryptocurrency exchange. CoinEx was compromised <\/a>earlier this week, resulting in an estimated theft of $54 million. In total, Elliptic's calculations indicate that Lazarus has stolen nearly $240 million in cryptocurrencies in the past 105 days alone.<\/p>\n\n\n\n \"Elliptic analysis confirms that some of the funds stolen from CoinEx were sent to an address which was used by the Lazarus group to launder funds stolen from Stake.com, albeit on a different blockchain,\"<\/em> wrote Elliptic. <\/p>\n\n\n\n Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
BitMEX co-founder Arthur Hayes believes Hong Kong's entry increases competition with the U.S., which is good for Bitcoin. Coin Bureau added that the entry of other jurisdictions like Hong Kong pressures the SEC regarding a spot Bitcoin ETF approval. <\/p>\n\n\n\n SEC has rejected attempts by several crypto firms to register a spot Bitcoin ETF. Recently, a U.S. court made a final ruling<\/a> invalidating the SEC's rejection of a spot Bitcoin ETF filing by Grayscale. BlackRock and Fidelity are other asset managers that have filed for spot Bitcoin ETFs in the U.S.\u00a0<\/p>\n","post_title":"Fear of Missing Out? Hong Kong Considers Spot Crypto ETF Amid U.S. Indecision","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fear-of-missing-out-hong-kong-considers-spot-crypto-etf-amid-u-s-indecision","to_ping":"","pinged":"","post_modified":"2023-11-10 23:00:40","post_modified_gmt":"2023-11-10 12:00:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13485,"post_author":"15","post_date":"2023-09-19 22:26:55","post_date_gmt":"2023-09-19 12:26:55","post_content":"\n Elliptic, the blockchain monitoring company, released a report <\/a>on Friday. It provides insights into the actions of the infamous North Korean hacking group, Lazarus. This group has significantly increased its activity and recorded a $204 million sum in just 15 weeks.<\/p>\n\n\n\n Lazarus has been associated with five significant cryptocurrency breaches in the last quarter. The most recent one is CoinEx, a worldwide cryptocurrency exchange. CoinEx was compromised <\/a>earlier this week, resulting in an estimated theft of $54 million. In total, Elliptic's calculations indicate that Lazarus has stolen nearly $240 million in cryptocurrencies in the past 105 days alone.<\/p>\n\n\n\n \"Elliptic analysis confirms that some of the funds stolen from CoinEx were sent to an address which was used by the Lazarus group to launder funds stolen from Stake.com, albeit on a different blockchain,\"<\/em> wrote Elliptic. <\/p>\n\n\n\n Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\nTop Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
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Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
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Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
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Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
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Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
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Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
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Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
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Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
Five Attacks In 15 Weeks<\/h2>\n\n\n\n
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Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
Five Attacks In 15 Weeks<\/h2>\n\n\n\n
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Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
Five Attacks In 15 Weeks<\/h2>\n\n\n\n
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Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
Five Attacks In 15 Weeks<\/h2>\n\n\n\n
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Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
Five Attacks In 15 Weeks<\/h2>\n\n\n\n
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Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n
Five Attacks In 15 Weeks<\/h2>\n\n\n\n
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Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n