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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...
Crypto.com to Increase Its Insurance Coverage
21.9.2021
Crypto.com finally announced the expansion of the total coverage of insurance to $750m after increasing the insurance policy coverage under Arch Underwriting at Lloyd’s Syndicate of 2012. The renewed insurance policy of Crypto.com will make the platform the biggest and most popular insurance policy...
Crypto.com expands insurance program to cover $750M
20.9.2021
The insurance policy is one of the largest in the cryptocurrency industry, reflecting heightened demand for consumer protection
The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’
18.9.2021
All of the ‘Big Three’ credit agencies have said that El Salvador’s adoption of bitcoin could affect the country’s credit rating in a negative manner. After both Moody’s and Fitch Ratings published reports on the matter in El Salvador, S&P Global said that...
Ruler and Cover DeFi protocol closes down amid mass developer exit
6.9.2021
DeFi insurance protocol Ruler and Cover pledged to share the remaining treasury funds to token holders
Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance
1.9.2021
Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers...
Chinese Banks Looking to Use Digital Yuan in Funds and Insurance Sector
31.8.2021
Some of China’s biggest commercial banks are looking to pilot digital yuan use cases for funds and insurance-related products – in a major move away from the core functions of the pilot thus far.
Since the central People’s Bank of China (PBoC) began its pilots, initiatives have focused on...
Chinese banks explore e-yuan for selling investment funds and insurance
31.8.2021
Bank of Communications and China Construction Bank are working with fund managers and insurers to facilitate e-yuan payments for Chinese citizens
Martin Luther King, Jr.’s Daughter Distances Herself From Fortnite Event
30.8.2021
To the surprise of many, Epic Games added a new mode to Fortnite last week celebrating the legacy of the March on Washington for Jobs and Freedom and the man who led it, Martin Luther King, Jr. But Bernice King, the civil rights icon’s daughter, has since distanced herself from the event. It...
Insurance on Crypto Exchanges Inches Up, KYC Still Weak - Report
20.8.2021
Cryptocurrency exchanges are showing an increase in their tendency to insure clients’ assets, both formally and in informal ways through insurance funds, a new report finds. On the other hand, know-your-customer (KYC) stringency is still weak on many exchanges, with around a third having poor...
Big Three Credit Agency Fitch Warns El Salvador Adopting Bitcoin Will Negatively Affect Insurers
17.8.2021
Fitch Ratings, the American credit agency and member of the ‘Big Three’ credit agencies, has published a paper on El Salvador’s adoption of bitcoin and making the crypto asset legal tender in the country. Fitch believes that after the country enforces the new tender law it will...