News
The insurance policy is the largest in the cryptocurrency industry, reflecting heightened consumer protection standards.
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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.
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DeFi insurance protocol Ruler and Cover pledged to share the remaining treasury funds to token holders.
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Fitch warned that mainstreaming Bitcoin without clarity can introduce volatility and operational risks for Salvadorans.
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In May, the company said it intended to allocate $10 million towards Bitcoin in the second quarter of 2021.
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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.
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The project said it would be paying roughly 6,000 farmers for crops adversely affected by climate change before the end of the season.
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Years of regulatory uncertainty around Tether could be offset by newfound investor confidence if an emerging insurance protocol for USDT gains traction.
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The FDIC issued a request for public input to get more information on the industry and consumers’ interests in the market.
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The company will soon accept BTC payments for insurance premiums as part of a broader embrace of digital assets.
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A blockchain financial services provider offers no-fee, no-cut virtual node hosting that includes insurance against slashing penalties.
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ShapeShift has identified two unaffiliated projects as promising DeFi insurance protocols.
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By transitioning to a fully DAO-governed model, Nexus could expand its user base and iron out tokenomic friction.
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Institutional clients have shown strong demand for airtight and insured custody options.
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All private AXA customers now have the option to pay insurance premiums for any non-life insurance products in Bitcoin.
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The Linux Foundation and the American Association of Insurance Services are co-launching a blockchain-based platform to help the insurance industry.
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