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Get Ready. Bitcoin-Centric “60 Minutes” Episode Airs Shortly

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CBS To Air Bitcoin Segment


Get ready, in under an hour (7:00 PM EST), CBS will air a Bitcoin (BTC) focused episode of “60 Minutes”, a world-renowned television program known for tackling tough issues and covering key trends. So set a reminder/alarm, record it on your PVR, and grab some snacks to get a great viewing experience.

During a one-minute sneak peek published last week, we saw prolific television host Anderson Cooper, known for his CNN show, interview Laszlo, whom many refer to as the “Bitcoin pizza guy”.

This won’t be the only part of the upcoming “60 Minutes” segment though. Cooper purportedly met with Federal Reserve Governor Lael Brainard; MIT Media Lab’s Digital Currency Initiative’s Neha Narula; cryptocurrency entrepreneur Marco Streng, who heads Genesis Mining; and BitInstant founder and Winklevoss Twins collaborator Charlie Shrem to gain a fleshed out understanding of the nuances of the industry.

Reports state that “60 Minutes” sees almost one dozen million viewers a week, giving this documentary a chance to revolutionize how the public (namely the elderly and baby boomers) thinks about Bitcoin, cryptocurrency, and its ilk.

Will “60 Minutes” Get It Right?

This begs the question, will CBS and Anderson Cooper get a take on Bitcoin correct?

Well, in the eyes of cynics, this may go horribly wrong. As we reported last year, CNBC released “Bitcoin: Boom or Bust”, and the crypto community was far from pleased. The show’s description read as follows:

This documentary is an eye-opening journey that proves to be as informative as it is entertaining and unexpected. Lee offers viewers a rare look inside the wild world of bitcoin, uncovering the unusual landscape and cast of characters surrounding it, and ultimately, allowing viewers to take their own side in the crypto craze.

But as we quickly figured out, this wasn’t exactly the case. Firstly, commentators came out of the woodwork to berate the outlet for its use of “HODL,” a term that has been immortalized in the heart of the cryptocurrency community. It’s literally a staple of this ecosystem, however funny that may sound.

In the documentary, CNBC host Mellisa Lee, draws attention to HODL, noting that it is a popular acronym for “hold on for dear life.” As Ricardo Spagni, a chief Monero team member, points out, HODL is not an acronym, but rather an insignificant, yet hilarious typo that gained a cult following in the crypto community following late-2013. Not sugar-coating his words in the slightest, he exclaimed:

“It’s not an acronym, you incompetent buffoons. Please do the tiniest bit of research FIRST!”

Youch! And secondly, the documentary was focused on a Bitcoin diehard, who was dubbed “Crypto Kid,” that had seemingly no regard for professionalism, giving viewers not enough information about the value of Bitcoin.

While there isn’t anything inherently wrong with Crypto Kid, many critics stipulated that a focus on a more relatable cryptocurrency enthusiast would have been a better choice for viewers.

Photo by Tim Mossholder on Unsplash

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NYSE files a trademark application for trading NFTs

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The world’s largest stock exchange may be planning to bring business into the Metaverse.

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Traders say $4,000 Ethereum back on the cards ‘if’ this bullish chart pattern plays out

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Global tensions that could trigger a correction in markets abound, but traders say ETH’s current setup could result in a swift return to the $4,000 level.

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CryptoPunks community reacts to the ongoing copyright battle between V1 and V2

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Although the collection is no longer deemed authentic by Larva Labs, its creators alleged sold 210 ETH worth of CryptoPunks V1 when the wrapped versions first gained traction.

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Binance.US is under investigation from SEC over trading affiliates: Report

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Binance CEO Changpeng Zhao allegedly has connections to two market makers buying and selling crypto on Binance.US.

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Boost Insurance unveils product covering against crypto theft from qualified custodians

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Boost Insurance, an insurance infrastructure-as-a-service platform, alongside go-to-market partner, Breach Insurance, a company that provides insurance technology and regulated insurance products for the cryptocurrency market, today announced the launch of Crypto Shield, an insurance product for cryptocurrency available to retail wallet holders.

Crypto Shield covers the theft of cryptocurrency while in the custody of a qualified custodian.

The Crypto Shield product allows individuals to purchase protection for their crypto wallets held by select custodians. In the case that the custodian is breached or suffers a social engineering attack resulting in lost assets, individuals insured under Crypto Shield can be reimbursed for the value of their policy.

Boost + Breach

While there is some commercial insurance available to cryptocurrency institutions, Breach envisioned Crypto Shield as a solution to the protection gap that currently exists for individuals holding crypto, securing a partnership with Boost to assist in bringing the Crypto Shield product to life.

Boost’s insurance infrastructure-as-a-service packages the necessary operational, technological, compliance, and capital requirements for new insurance programs into a white-label solution, enabling insurtechs like Breach to swiftly launch new lines of business.

“Boost’s deep expertise and insurance infrastructure-as-a-service platform, and Relm’s industry-leading crypto reinsurance capabilities, have positioned Breach to bring a highly complex insurance product to the market in a beautifully delivered customer experience.”
– Eyhab Aejaz, Co-Founder & CEO at Breach

To deliver that product in a seamless experience, Boost and Breach’s platforms connect via API, allowing Boost’s policy administration system to deliver back-end management for the Crypto Shield product. Breach’s customers are then able to purchase and manage every part of their policy and claims process, all from within Breach’s proprietary crypto insurance platform.

“With Boost’s infrastructure-as-a-service platform, companies like Breach can launch and deliver innovative new insurance offerings, at a fraction of the time and cost required to build a full-stack insurance program from scratch.”
– Alex Maffeo, CEO & Founder of Boost

In addition to powering the new product, Boost and Breach partnered to source and secure the necessary reinsurance backing from industry expert Relm Insurance Ltd. (Relm), underwritten by Trisura Specialty Insurance Company. Operating out of Bermuda, Relm is a capacity provider to the crypto sector with a track record of insuring companies across the ecosystem. Relm has recently been awarded an ‘A Exceptional’ Financial Stability Rating (FSR) by Demotech.

“Relm’s partnership with Boost and Breach to reinsure the US’s first cryptocurrency insurance product for retail wallet holders is a milestone in supporting the development of crypto and blockchain technologies.”
– Joe Ziolkowski, CEO at Relm

The post Boost Insurance unveils product covering against crypto theft from qualified custodians appeared first on CryptoNinjas.

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