FDIC insurance is highly sought-after by crypto exchanges, lenders, and other service providers. Is it the key to mass adoption?
Smart contract-enabled insurance holds promise, but can it be scaled?
Blockchains can help to insure the world’s uninsured, but daunting challenges remain: How does one explain crop insurance to indigent farmers?
HARTi and Mitsui Sumitomo roll out NFT insurance coverage for claims
The company said the move intends to cover all NFTs listed on the HARTi platform with no cost to the seller.
11% of US insurers invest — or are interested in investing — in crypto
Of the 328 CFOs and CIOs representing around half of the global insurance industry, 6% responded their firm was either already invested or considering an investment into cryptocurrencies.
Finance Redefined: Uniswap breaches $1T volume, WEF 2022 discussion on Terra, and more
The past week in DeFi saw Uniswap breach $1 trillion trading volume, while WEF 2022 saw Terra at the center of most crypto and DeFi discussions.
Question of centralization faces growing crypto insurance industry
Cryptocurrency insurance is expected to be a big business: Will it be centralized or decentralized?
The FDIC wants US banks to report on current and intended crypto-related activities
The U.S. bank insurer has concerns over the ability of the institutions it supervises to assess crypto risks adequately, and it’s none too sure about its own abilities.
Lemonade partners with blockchain bigwigs to combat climate change
The coalition will release a decentralized application to help farmers make or receive payments using crypto.
US lawmaker introduces bill for government-backed insurance of ‘qualified’ stablecoins
“For cryptocurrency to grow and thrive … we must provide more direction and certainty to the marketplace …,” said Josh Gottheimer.
Binance user protection insurance fund reaches $1B valuation
Binance started the Secure Asset Fund for Users (SAFU) in 2018 by allocating 10% of the trading fee.
Hong Kong firm to offer insurance for Asian cryptocurrency holdings
Insurance and risk management for digital assets will increase investor confidence, said OneDegree.
Altcoins surge even as Bitcoin and Ethereum price fall toward key support levels
Altcoins like XYO, CRO and WNXM are capitalizing on BTC and ETH’s consolidation by moving higher.
Crypto.com expands insurance program to cover $750M
The insurance policy is one of the largest in the cryptocurrency industry, reflecting heightened demand for consumer protection.
Ruler and Cover DeFi protocol closes down amid mass developer exit
DeFi insurance protocol Ruler and Cover pledged to share the remaining treasury funds to token holders.
Fitch Ratings warns El Salvador’s ‘Bitcoin Law’ will pose risk to local insurers
Fitch warned that mainstreaming Bitcoin without clarity can introduce volatility and operational risks for Salvadorans.
Digital insurer Metromile follows through with $1M Bitcoin purchase
In May, the company said it intended to allocate $10 million towards Bitcoin in the second quarter of 2021.
Digital yuan pilots expand to insurance industry for the first time
China’s central bank digital currency can now be used on insurance policies that offer various levels of compensation for diagnosis of or death due to COVID-19.
Etherisc onboards 17K Kenyan farmers covered by blockchain-based crop insurance
The project said it would be paying roughly 6,000 farmers for crops adversely affected by climate change before the end of the season.
Stablecoin insurance firm Bridge Mutual to protect against possible Tether depegging
Years of regulatory uncertainty around Tether could be offset by newfound investor confidence if an emerging insurance protocol for USDT gains traction.
6 Insurers Initiate New Cryptocurrency Investment Positions: Report
Insurance firms have increased their interest in crypto investments in recent months.