The new Bitcoin Latinum is set to become the largest insured digital asset in the world

The new Bitcoin Latinum is set to become the largest insured digital asset in the world

The new Bitcoin Latinum is set to become the largest insured digital asset in the world

PALO ALTO, Calif., November 27, 2020 (GLOBE NEWSWIRE) – Bitcoin Latinum, the next-generation Bitcoin fork capable of massive transaction volume, digital asset management, cyber security and capacity, announces its official presale launch. Bitcoin Latinum will trade under the LTNM symbol with a total supply of 888,888,888 LTNM [verifiable by LTNM].

Bitcoin Latinum is now available for presale at www.bitcoinlatinum.com and will be available on exchanges in 2021.

Marsh & McLennan, one of the world’s leading specialist insurance brokers and risk advisors, has been tasked with organizing a comprehensive insurance program for Bitcoin Latinum. The insurance coverage, which will be arranged by Marsh Asia, will protect holders of Bitcoin Latinum in the event of external theft and internal collusion, potentially up to the full value of their holdings. This contemplated insurance coverage will make Bitcoin Latinum the largest insured digital asset in the world.

Bitcoin Latinum tokens are part of a blockchain ecosystem adopted by companies in the media, gaming, storage, cloud, and telecommunications industries. Bitcoin Latinum tokens will be used interchangeably on each of these partner / supplier networks by consumers. Furthermore, Bitcoin Latinum adds security around in-flight transactions and better protection of mining nodes based on memory scanning technology. Additionally, Bitcoin Latinum seeks to reduce the cost of a Bitcoin transaction from dollars to cents for on-chain transactions and even lower rates for lightning-based transactions.

The market capitalization of Bitcoin is approaching $ 200 billion and represents approximately 84% of the cryptocurrency market. Bitcoin recently surpassed $ 18,000 per token, demonstrating a strong bull market. Earlier this year, Gartner said blockchain technology will create business value of over $ 176 billion by 2025 and $ 3.1 trillion by 2030. There are trillions of dollars in global assets that could be potentially digitized.

Bitcoin Latinum is an improved fork of Bitcoin. Bitcoin Latinum’s algorithm and infrastructure breaks down barriers and speed limits that have prevented some virtual currencies from gaining practical, real-time use. Bitcoin Latinum draws on the new wave of DeFi crypto – decentralized finance – for its role in independent digital transactions. According to Nasdaq, the total cryptocurrency market related to DeFi recently surpassed $ 14 billion, up from $ 1 billion in February 2020.

Adopting Bitcoin Latinum is the Academy Award-winning Cross Creek Media studio. Cross Creek grossed over $ 1.7 billion at the worldwide box office. Cross Creek Media, which has long-term relationships with Sony Pictures Entertainment and Universal Pictures, recently expanded its digital assets into film, television and IP with Monsoon Blockchain & Marsh. Cross Creek has been a co-financier / producer of films as the Oscar winner Black Swan and was behind the successes American product, Everest and Hacksaw Ridge. Timmy Thompson, CEO of Cross Creek Media said, “We are very excited about Bitcoin Latinum and its capabilities as an insured token, as we continue to develop award-winning properties. Cross Creek’s new media technology investment portfolio perfectly positions us to take advantage of it. the sector of digital assets in media and games “.

Draper Dragon Fund will play an important role with Bitcoin Latinum. Draper Dragon Fund has invested in blockchain companies Telegram, Ledger, Vechain, Ultrain, Aelf and Token Insight. “Partnering with Marsh, Monsoon and Bitcoin Latinum would further expand our digital asset portfolio,” said Richard Wang, Managing Partner of Dragon Digital Fund. Draper Dragon is an extension of the Draper Venture Network (DVN) backed by billionaire Tim Draper, often considered one of the most successful venture capitalists in the world.

Bitcoin Latinum has chosen Hong Kong’s Hex Trust, the leading digital asset custody platform for the banking sector, as the digital asset custodian for the new token. Created with banks and financial institutions in mind, Hex Trust offers hardware security modules from IBM and is connected to the SWIFT payment network. Most recently, Hex Trust partnered with Milan-based global leader SIA, which processes over $ 14 billion in digital payments and over $ 16 billion in institutional service transactions each year.

The implementation of blockchain and cryptocurrencies in the banking and financial sectors has grown steadily over the past couple of years. JPMorgan Chase ($ 2.98 trillion AUM) recently launched a digital currency for large tech customers, and PayPal will now allow its nearly 350 million users to buy and sell major cryptocurrencies, including Bitcoin. The Spunta blockchain network has already been adapted by many Italian banks and it is reported that a digital version of the Yuan is being tested by the People’s Bank of China.

The incorporation of Bitcoin and cryptocurrencies into the cross-border flow of digital assets in the United States and Asia has increased exponentially. Monsoon Blockchain, the first Asian blockchain company, will fit Bitcoin Latinum into its vast ecosystem and digital asset deal pipeline. Monsoon is focused on becoming the company that paves the way for the adoption of highly secure decentralized wealth management. Earlier this year, Monsoon Blockchain formed major partnerships in the field of blockchain and digital assets with governments, telecommunications, media and entertainment and fintech industries.

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NON INVESTMENT ADVICE. Any offer from Bitcoin Latinum is for educational and informational purposes only and should NOT be construed as an offer or solicitation relating to the securities, nor be relied upon as personalized investment advice. Bitcoin Latinum strongly recommends that you consult a licensed or registered professional before making any investment decisions.

Contact with the media

Company: English BitCoin
Contact: Kai Okada, Communications Director
Company E-mail: [email protected]
Website: https://bitcoinlatinum.com/
Address: 2100 Geng Road, Palo Alto, California 94303, USA
Phone: + 1800-528-0985

SOURCE: BitCoin English

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5763c4ba-539c-490a-a3bf-9019fa077875