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Nalezeno "insurance": 632

FDIC Vice Chairman Takes Aim at Controversial SAB 121, Pushes for Regulatory Clarity

12.3.2024
Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill criticized the United States Securities and Exchange Commission's (SEC) controversial SAB 121 while saying that the FDIC’s regulatory approach has “significant downsides" amidst larger discussions around the regulation...

DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget

29.1.2024
The crypto insurance protocol is anticipating growth stemming from a recent partnership

‘$3.5m Nursing Care Fund Crypto Thief’ Extradited to South Korea

18.1.2024
Source: S…/Adobe South Korean law enforcers have extradited a man suspected of stealing $3.5 million from a nursing care fund to buy cryptoassets before fleeing abroad. The man, surnamed Choi (aged 46), is a former National Health Insurance Corporation middle manager. He was arrested in...

dYdX Reveals Post-Mortem Findings: Identifies Attacker and Considers Legal Measures

4.1.2024
Image Source: Unsplash Decentralized exchange dYdX has released a post-mortem report detailing the “targeted attack” it experienced on its v3 platform in November. The attack resulted in a $9 million loss from its insurance fund, which represented approximately 40% of its total...

Unlocking the Future: A Guide to Buying a House with Cryptocurrency – Mortgages, Payments, and Insurance

29.12.2023
Finance and money technology background concept of business prosperity and asset management . Creative graphic show economy and financial growth by investment in valuable asset to gain wealth profit . Believe it or not, 2024 may be a popular year for homebuyers. The National Association of Realtors...

FDIC’s Sign and Ad Rules Update May Impact Crypto Industry – Here’s How

21.12.2023
Source: AdobeStock / JHVEPhoto The Federal Deposit Insurance Corporation (FDIC) has recently implemented a new rule governing the use of its official signs and advertising, potentially influencing public perception of certain crypto firms. The FDIC announced on December 20 that its board...

Better Market CEO Points to Crypto Market Abuses as Reasons for FDIC Rule Amendment

21.12.2023
Source: Pixabay / tombark Better Market CEO lambasts frequent market abuses and false advertising strategies of digital asset firms as a major reason for the Federal Deposit Insurance Corporation’s (FDIC) rule change to protect investors. In a Dec 20 press release, the CEO reacted to the official...

Sam Altman-Affiliated Meanwhile Group Introduces Bitcoin Private Credit Fund – Institutional Investment Rising?

8.12.2023
Source: AdobeStock / jirsak Bitcoin life insurance innovator Meanwhile Group, backed by notable figures like Sam Altman and Gradient Ventures, has unveiled a new private credit fund denominated in Bitcoin. The closed fund aims to provide investors with a “conservative” yield in Bitcoin...

dYdX DEX and YFI Token Hit by $9 Million Targeted Attack – Here’s What Happened

19.11.2023
Image Source: Unsplash Decentralized exchange dYdX has used its insurance fund to cover losses amounting to $9 million resulting from a “targeted attack” against the exchange. In a Saturday post on X (formerly Twitter), the dYdX team said that the v3 insurance fund was deployed...

dYdX founder claims targeted attack led to $9M insurance claim

18.11.2023
dYdX founder Antonio Juliano said that the decentralized exchange as well as the Yearn.Finance token (YFI) are victims of a targeted attack

Why the service industry needs blockchain, explained

11.11.2023
The service industry needs blockchain for enhanced security, transparency and efficiency in managing transactions, contracts and customer data

Bitcoin and Life Insurance: CEO Zac Townsend’s Unique Perspective

9.11.2023
Life Insurance. Source: Adobe / zimmytws Bitcoin (BTC) is the perfect financial asset to form the foundation of a life insurance product, according to Meanwhile CEO Zac Townsend. In a recent interview with Axios, the executive explained how and why his life insurance company uses BTC as its sole...

Top U.S. Bank Regulator Faulted for Lack of Crypto Guidance to Banks

18.10.2023
The U.S. Federal Deposit Insurance Corp. (FDIC) has left the banks it oversees unequipped to navigate the regulator's crypto expectations, according to the agency's inspector general, so the FDIC agreed to field a new strategy by January

Binance US Ends FDIC Insurance for Crypto Holdings, Citing Updated Terms of Service

18.10.2023
The US Branch of the world's largest crypto exchange, Binance US, recently communicated to its users that their cryptocurrency deposits are no longer covered by Federal Deposit Insurance Corporation (FDIC) insurance. In an email sent to its customers on October 16, Binance US announced updates...

FTC Warns Consumers Crypto Deposits Are Not FDIC Insured

17.10.2023
The U.S. Federal Trade Commission (FTC) has warned consumers that crypto deposits are not insured by the Federal Deposit Insurance Corporation (FDIC). “That money isn’t FDIC insured or protected if the crypto company goes under,” the agency cautioned. “If something happens,...