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Italian Insurance Giant Generali Gets Into Bitcoin via Banking Arm, Launching Crypto Custody Service
16.12.2020
Banca Generali, the banking arm of Italy’s largest insurance group, has announced that it will be offering cryptocurrency custody service to its customers beginning next year. To achieve this, the bank has acquired a stake in bitcoin wallet provider Conio. Assicurazioni Generali, Banca...
MassMutual Bitcoin purchase proves crypto demand is rising, JPMorgan says
14.12.2020
Even a nominal investment from insurance firms and pension funds could be significant for Bitcoin
Origin Dollar compensation plan marks progressing maturation of DeFi space
13.12.2020
Traders and developers are trending towards greater DeFi depositor protections in unison
Why a Massive 169-Year-Old Insurance Company Just Bought $100M in Bitcoin
11.12.2020
MassMutual becomes the latest announced institutional buyer of bitcoin, and this one could be even more significant in terms of precedent
Major Insurer Massmutual Invests $100 Million in Bitcoin for Long-Term Value
11.12.2020
Leading life insurance company Massmutual has become the latest big company to invest a huge sum of money in bitcoin. Massmutual believes that having a bitcoin position in its investment account will help the company deliver long-term value to its insurance policyholders. Massmutual Buys Bitcoin...
Blockchain can fix India’s dysfunctional insurance scheme, says WEF
9.12.2020
The WEF looks to introduce legacy systems to blockchains
Black Shadow Hackers Demand 200 BTC Ransom from Israeli Insurance Giant Shirbit
6.12.2020
One of the largest insurance companies in Israel has been hit by a ransomware attack, and the threat actors started to release sensitive data, as the firm doesn’t pay the requested ransom in bitcoin (BTC). Israel-Based Shirbit Still Refuses to Pay $3.8 Million Ransom According to...
New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval
4.12.2020
Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. Rashida Tlaib, with support from Reps. Jesús García and Stephen...
Yearn Finance continues acquisition spree with Cover
28.11.2020
"That's how shit gets done here," says one team member
Schmuck Insurance
26.11.2020
A reading of one of the most enduring early investor arguments for bitcoin
Decentralized insurance protocol Cover holds vote to cover Pickle hack
22.11.2020
If the vote passes, the claim will move to a validity committee to approve a possible payout of $340,000
The Future of Insurance Europe: Reuters CEO and C-Suite Leadership Event Goes LIVE Next Week
20.11.2020
The Future of Insurance Europe (November 24–25, 2020, Online) starts next week, uniting the industry’s most influential CEOs and C-suite executive teams at the most highly anticipated event of 2020. The agenda has been finalized, the speakers are prepared, and we are looking forward to tackling...
Crypto Execs Need Liability Insurance
16.11.2020
When crypto companies are denied liability insurance, they are disincentivized from innovating
Etherisc to offer blockchain-based crop insurance to Kenyan farmers
14.11.2020
The project aims to provide a blockchain-based parametric insurance platform that helps protect smallhold farmers from the effects of climate change
Your car insurance salesman is now an AI bot connected to blockchain
13.11.2020
A new virtual assistant powered by blockchain can complete insurance contracts without human assistance
Watch Decentralized Insurance As Another Emerging DeFi Trend
7.11.2020
Source: Adobe/H_Ko
Decentralized finance (DeFi) is about more than just lending and borrowing. While platforms such as Maker (MKR) and Compound (COMP) account for the lion’s share of the total value locked (TVL) into the entire DeFi ecosystem, decentralized insurance networks are also increasing...
eToro Adds Insolvency Insurance Policy – Crypto Users Not Included
2.11.2020
The free insurance scheme covers customers for up to £1 million if the firm should ever become insolvent. But crypto holders are left out in the cold
Bitstamp Adds Crypto Crime Insurance for Assets Held Online
19.10.2020
The new policy means user funds are protected both on- and offline
Bitstamp says its users are now covered against a broad web of crime
15.10.2020
Crypto needs insurance too
OFAC Warns Americans Against Facilitating Ransomware Payments
5.10.2020
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently issued an advisory highlighting the sanctions risk American citizens face if they help facilitate ransomware payments. In the advisory, the OFAC says it will “continue to impose sanctions on those...