Shock Court Ruling Holds Crypto Exchange Liable in Singapore’s First Bitcoin Trial

A court has ordered the unhappy operator of crypto exchange Quoine to follow through with a glitched computer transaction that allowed a crypto market liquidity provider to swap ether for bitcoin at a rate of 10 bitcoin to every ether at a time when 1 ETH was worth .036 BTC, not 10. In the Republic of Singapore’s first trial regarding bitcoin, the Singapore International Commercial Court (SICC) issued a judgment Thursday to press Singaporean crypto exchange Quoine to execute a trade its computers allowed in error. A Crypto Exchange Error…

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150-Year-Old MetLife Pilots Diabetes Insurance Payments on a Blockchain in Singapore

MetLife has started tests on an automated insurance solution that will see enrolled pregnant women in Singapore get an automatic payout in case they are diagnosed with gestational diabetes. Developed by LumenLab, the innovation center of MetLife Asia, the experimental product known as ‘Vitana’ will make it unnecessary for enrollees of the insurance cover to The post 150-Year-Old MetLife Pilots Diabetes Insurance Payments on a Blockchain in Singapore appeared first on CCN

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