The new insurance product will support organizations with digital assets held offline in cold storage, as well other custody solutions such as Multi-Party Computation (MPC).
DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget
The crypto insurance protocol is anticipating growth stemming from a recent partnership.
DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget
The crypto insurance protocol is anticipating growth stemming from a recent partnership.
Sam Altman-linked Meanwhile Advisors creates BTC private credit fund
The closed fund will offer investors a 5% yield in Bitcoin and lend funds in BTC to institutions.
Why the service industry needs blockchain, explained
The service industry needs blockchain for enhanced security, transparency and efficiency in managing transactions, contracts and customer data.
Sam Bankman-Fried sues insurance company for defense costs as trial opens
SBF has directors and officers coverage through FTX Trading parent Paper Bird, but now that two companies have paid out $10 million, the third in line is balking, the suit claims.
Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base
OpenCover, which raised $4 million in a seed round led by the likes of NFX and Jump Crypto, received a $200,000 funding bump from Coinbase to bolster its debut on Base.
Decentralized Insurance Alternative Nexus Mutual Provides Cover to UK Shopkeepers
A partnership with InShare sees Nexus adding some of its $274 million on-chain capacity to the retail mutual insurer comprising over 5,000 shopkeepers and small retail businesses.
Crypto Insurer Evertas Buys Bitcoin Mining Cover Specialist Bitsure
Evertas has snagged the authority to offer mining policy limits of up to $200 million per location.
Startup Arbol Unveils AI and Blockchain-Powered Climate Insurance Platform
The market for climate insurance is estimated to triple in the next decade.
Bitcoin-Denominated Life Insurance Provider Sets Up Shop With $19M Funding
Meanwhile’s target audience is U.S. citizens with large BTC holdings, an audience from which it has “seen a lot of early demand.”
Crypto Insurer Evertas’ Coverage Limit Increased to $420M: Reuters
London-based Arch Insurance International, a syndicate member of Lloyd’s of London, has authorized Evertas to increase its coverage limit for a single policy for crypto custodians and exchanges.
Evertas expands crypto insurance offerings to include mining and raises limits
Crypto insurance underwriter Evertas will increase coverage limits to $420 million per policy while adding additional mining coverage.
LI.FI and InsurAce Pitch Protection for Moving Crypto Between Blockchains
LI.FI partnered with risk cover protocol InsurAce to provide protection for users who are bridging their cryptoassets from one blockchain to another.
Top DeFi Insurer Paid Millions to Euler Hack Victims. Now, Nexus Mutual Wants Its Money Back
Nexus Mutual is one of the biggest insurance platforms for DeFi deposits. Some crypto holders who lost money to Euler filed claims, only to get their money back. Now, Nexus wants its share back, too.
FDIC plans to return $4B in Signature crypto deposits ‘by early next week’ — Martin Gruenberg
The Treasury Department’s Under Secretary for Domestic Finance Nellie Liang said at the same hearing she didn’t believe crypto “played a direct role” in the failure of the banks.
FDIC warns CEX.IO and its reviewers to remove potentially false claims about insurance
The U.S. federal agency found a claim about deposit insurance in the fine print on the exchange’s website and on websites that reviewed it.
GK8 increases insurance cap on digital assets to $1B
Institutional customers storing Bitcoin and other digital assets in GK8’s cold vault will receive up to $1 billion in insurance coverage.
FDIC acting chair says no crypto firms or tokens are backed by agency
Martin Gruenberg answered affirmatively to Senator Bob Menendez that there were “no cryptocurrency firms backed by the FDIC” and its coverage did not include crypto “of any kind.”
Crypto adoption: How FDIC insurance could bring Bitcoin to the masses
FDIC insurance is highly sought-after by crypto exchanges, lenders, and other service providers. Is it the key to mass adoption?