News
Institutional customers storing Bitcoin and other digital assets in GK8’s cold vault will receive up to $1 billion in insurance coverage.
3081
Insurance News
Insurance is a procedure of making individuals financially protected against losses occuring in the event of some damaging accident. Most insurance policies for individuals are homeowners, health, auto and life insurance. There are also insurance policies for businesses and financial institutions against specific types of risks that are inherent in the industry. Insurance is an important institute for the modern world that helps people be more willing to take risks in business by giving them the assurance of protection from various events in daily life. Different technologies may be used to improve the current state of this procedure. Blockchain-based insurance may help validate contracts and blockchain insurance startups are working on smart-contracts for forcing the execution of it’s terms. The blockchain insurance industry is a rapidly-growing segment of the fintech industry and is gathering a lot of attention from investors.
- News
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.”
1518 - News
Martin Gruenberg was the FDIC’s acting chair while the agency issued cease-and-desist orders to crypto firms and suggested that payment stablecoins merited further consideration.
3701 - Analysis
FDIC insurance is highly sought-after by crypto exchanges, lenders, and other service providers. Is it the key to mass adoption?
3531 - Analysis
Blockchains can help to insure the world’s uninsured, but daunting challenges remain: How does one explain crop insurance to indigent farmers?
3271 - Sponsored
This global digital asset company says revenues grew over the first half of 2022 as it built cutting-edge infrastructure and unveiled exciting global partnerships.
2441 - Analysis
Crypto insurance is becoming more important as investors and crypto companies look to secure their digital assets.
3386 - Interview
With over $2 billion lost in decentralized finance this year, there exists a huge market opportunity for crypto insurance providers, according to an executive.
4116 - News
The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance.
7277 - Sponsored
This insurance protocol offered protection in the event that UST lost its peg to the dollar, and ended up paying $12 million in claims.
5388 - News
The company said the move intends to cover all NFTs listed on the HARTi platform with no cost to the seller.
1406 - News
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.
2771 - Newsletter
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.
3538 - Opinion
Traditional insurance isn’t going to step up and protect our crypto assets, so we need to do it ourselves, in a decentralized manner.
4023 - News
DeFi insurance protocol InsurAce took heat from the community for suddenly shortening its claims period for Terra-related insurance claims, but is already set to pay out $11 million to claimants.
4753