Search
Question of centralization faces growing crypto insurance industry
9.5.2022
Cryptocurrency insurance is expected to be a big business: Will it be centralized or decentralized?
From smart insurance to on-chain document verification: Here’s how NEAR aims to improve Kenya
9.5.2022
NEAR Foundation backs Kenya-based blockchain community Sankore to educate and train blockchain developers and analysts to support the growth of local projects
Virtual Insurer and German Giant Munich Re Team Up to Offer Digital Asset Insurance
11.4.2022
Hong Kong-based virtual insurer OneDegree has entered into a three-year strategic partnership with German reinsurer Munich Re to launch OneInfinity, a new digital asset insurance product.
OneDegree says its product is an insurance and technology offering designed specifically for digital asset...
FDIC Asks Thousands of Banks to Disclose Crypto Plans
11.4.2022
The U.S. Federal Deposit Insurance Corporation (FDIC) has asked thousands of banks and other financial institutions it supervises to declare existing crypto activities and any plans they have to engage in crypto activities in the future. Banks to Disclose Crypto Plans to FDIC The Federal Deposit...
Hong Kong’s OneDegree Inks Deal with Reinsurer Munich Re to Launch Digital Asset Insurance
11.4.2022
Currently, only 1.5% of assets held by global exchanges and custodians are insured
The FDIC wants US banks to report on current and intended crypto-related activities
7.4.2022
The U.S. bank insurer has concerns over the ability of the institutions it supervises to assess crypto risks adequately, and it’s none too sure about its own abilities
Lemonade’s Insurance dApp to Protect Farmers Amidst Climate Change
23.3.2022
The non-profit arm of Lemonade, the Lemonade Foundation, has announced that it will extend its support to vulnerable farmers who have been severely affected due to climate change. The Lemonade Foundation has always thrived on making social and environmental effects through technology. Nothing else...
Lemonade Is Working With Avalanche, Chainlink on Weather Insurance for Farmers
22.3.2022
A newly formed DAO backed by the Lemonade Foundation will roll out permissionless weather insurance to African farmers later this year
Lemonade partners with blockchain bigwigs to combat climate change
22.3.2022
The coalition will release a decentralized application to help farmers make or receive payments using crypto
Japanese Fintech Firm Kyash Raises $41 Million, Jack Dorsey’s Block Participates in Funding
18.3.2022
A Tokyo-based financial technology company called Kyash has raised $41.2 million in a Series D funding round which saw participation from the Block (formerly known as Square). The investment into the Japanese mobile financial app firm is the Block’s first investment in the Asia Pacific...
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...