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EU Regulators Warn Crypto Unsuitable as Investment or Means of Payment for Most Retail Consumers
18.3.2022
Several European regulators have issued a joint warning on crypto assets. “These assets are not suited for most retail consumers as an investment or as a means of payment or exchange,” they stressed. EU Supervisory Authorities Warn About the Danger of Investing in Crypto Assets Three...
IMA Financial Plans to Start Selling NFT Insurance in Decentraland
2.3.2022
The top-10 U.S. insurance broker is opening its “Web3Labs” R&D facility in the metaverse
US lawmaker introduces bill for government-backed insurance of 'qualified' stablecoins
15.2.2022
"For cryptocurrency to grow and thrive ... we must provide more direction and certainty to the marketplace ...,” said Josh Gottheimer
2021 Saw A 31% Increase In VR-Related Insurance Claims
13.2.2022
Please, be careful the next time you slip on a virtual reality headset and go jumping into the latest MMO craze or Beat Saber. Otherwise, you might end up hurting yourself, someone else, or breaking something. If so, you won’t be alone. According to an insurance company in the UK, VR-related claims...
Billionaire Bill Miller Has ‘Very Big’ Bitcoin Position — Calls BTC ‘Insurance Against Financial Catastrophe’
12.2.2022
Veteran investor and fund manager Bill Miller says he has “a very big position” in bitcoin and expects to see a lot of institutional adoption this year, particularly among endowments and foundations. “Bitcoin is insurance against financial catastrophe,” he opined. Bill...
FDIC Makes Crypto Evaluation a Priority This Year Citing ‘Significant Safety and Financial System Risks’
9.2.2022
The U.S. Federal Deposit Insurance Corporation (FDIC) has named the evaluation of crypto assets a priority this year. “The rapid introduction of a variety of crypto-asset or digital asset products into the financial system could pose significant safety and soundness and financial system...
4 DeFi Insurance Protocols Building Safety Nets for Crypto Investors
3.2.2022
Decentralized finance (DeFi) is one of the most impactful innovations in the global crypto markets, enabling crypto traders and investors to earn double/triple-digit yields on their holding.
However, using DeFi applications comes with its own share of risks, with protocol hacks being relatively...
Binance user protection insurance fund reaches $1B valuation
1.2.2022
Binance started the Secure Asset Fund for Users (SAFU) in 2018 by allocating 10% of the trading fee
Etherisc Launches Decentralized Flight Insurance via Chainlink Data Feeds
21.1.2022
Chainlink landed yet another esteemed partnership as it helped Etherisc launch its new blockchain-based flight insurance product. The decentralized insurance ecosystem launched FlightDelay on the Gnosis Chain Mainnet using Chainlink Data Feeds. The integration allows FlightDelay to issue policies...
Revolut Launches Banking Services in Spain Featuring Deposit Insurance
14.1.2022
Revolut, a leading fintech platform and neobank, has received a special banking license to operate in Spain. User deposits are now insured up to €100K, with the coverage being provided by Deposit and Investment Insurance, a Lithuanian state company. The company, which now has over 800,000...
Verida and Nimble Join Forces to Create Decentralized Insurance Protocol
13.1.2022
Verida has announced its partnership with Nimble to enhance Nimble’s decentralized insurance platform and protocol by leveraging Algorand networks. Nimble is most likely to create its democratized or decentralized insurance solution with Verida’s help. The collaboration will offer digital identity...
Verida and Nimble Partnering for Implementation of Insurance Protocol
11.1.2022
Verida announces its collaboration with Nimble that will help in improving the insurance protocol of Nimble, which is completely decentralized, along with the platform, which is built on the Algorand Blockchain. Using Algorand Blockchain, Nimble is working on democratized and decentralized...
Crypto in 2022 Will Bring New and Older Emergent Trends to the Fore
1.1.2022
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Crypto is an emergent phenomenon. Put simply, this means it has properties that we can’t extrapolate from the properties of its parts, or to put it even more simply, no one knows exactly what crypto will do in the future....
Read More: Crypto in 2022 Will Bring New and Older Emergent...
Insurance Company Lemonade Bets On Bitcoin To Diversify Assets
15.12.2021
In another example of a business that seeks to diversify its portfolio with crypto assets, US insurance company Lemonade has purchased bitcoin (BTC) for its balance sheet, as indicated by a recent regulatory filing.
During the first nine months of this year, the firm acquired a total of USD...
Tidal Finance Introduces Insurance Fund for Covering $1 Million Worth TVL
19.11.2021
With an effort to create a safety net in the finance eco-system, Tidal Finance announces its new partnership. Tidal Finance offers a weekly coverage subscription plan to safeguard the OpenSwap that covers the smart contract risk. To ensure the safety of its protocol, OpenSwap is investing over...
Hong Kong Company Onedegree to Offer Insurance for Cryptocurrencies
13.11.2021
Onedegree, a virtual insurer based in Hong Kong, will provide insurance services for digital assets as part of a partnership with a local cryptocurrency exchange. By working together, the two firms hope to alleviate concerns discouraging potential investors from entering the crypto market....
Hong Kong firm to offer insurance for Asian cryptocurrency holdings
11.11.2021
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
5.11.2021
Altcoins like XYO, CRO and WNXM are capitalizing on BTC and ETH’s consolidation by moving higher
Risk Harbor set to take over decentralized insurance protocol Ozone on Terra network
4.11.2021
The peer-to-peer insurance service provides DeFi users coverage in case of technical glitches on the Terra blockchain
Federal Reserve, FDIC, OCC Discuss Allowing Banks to Hold Crypto on Balance Sheets
28.10.2021
A group of U.S. banking regulators is working on how banks can be allowed to offer crypto services and hold cryptocurrencies on their balance sheets. The chairman of the Federal Deposit Insurance Corporation (FDIC) said, “If we don’t bring this activity inside the banks, it is going...