Insurance Financial News

19.08 / 23:47

regulation Insurance FTX US among 5 companies to receive cease and desist letters from FDIC

The Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letters to five companies for allegedly making false representations about deposit insurance related to cryptocurrencies.

01.08 / 17:25

Blockchain Insurance Terra Rescue How one crypto insurer came to the rescue when UST depegged

The collapse of LUNA and UST marked a new low point for the crypto industry during the current bear market — but it wasn't all bad news.

26.07 / 21:01

Blockchain Insurance HARTi and Mitsui Sumitomo roll out NFT insurance coverage for claims

As announced on Tuesday, Japanese NFT Platform HARTi and insurance group Mitsui Sumitomo (三井住友海上) will roll out nonfungible token, or NFT, insurance for all digital artworks exhibited within the HARTi app. The insurance will attach to the NFT pieces on display by sellers free of charge, with HARTi responsible for the premium payments.

28.05 / 11:55

defi regulation Insurance Finance Redefined: Uniswap breaches $1T volume, WEF 2022 discussion on Terra, and more

The decentralized finance (DeFi) ecosystem continues to struggle with the ongoing market volatility and after-effects of the Terra ecosystem collapse. Over the past week, major DeFi protocols showed signs of increased trading activity, with Uniswap breaching the $1 trillion trading volume mark.

26.05 / 09:19

defi Insurance Terra Usd Terra InsurAce says it will pay millions to claimants after Terra's collapse

DeFi insurance protocol InsurAce says it was well within its rights to reduce the claims period for people affected by the Terra USD (UST) depeg event from 15 days to seven — but added it has already processed nearly all 173 submitted claims and will pay out $11 million.

08.04 / 00:27

Adoption regulation Banks Insurance The FDIC wants US banks to report on current and intended crypto-related activities

The Federal Deposit Insurance Corporation, the United States government corporation that insures depositors at U.S. commercial and savings banks, issued a financial institution letter Thursday. The letter requests the institutions supervised by the agency to notify the appropriate regional director of their activities with crypto-related assets or their intentions to engage in crypto-related activities.

22.03 / 15:11

Blockchain Adoption Africa Insurance Lemonade partners with blockchain bigwigs to combat climate change

Insurance company Lemonade has partnered with prominent blockchain companies to form the Lemonade Crypto Climate Coalition (L3C) decentralized autonomous organization (DAO) to protect farmers from climate change by offering blockchain-based insurance.

04.02 / 16:06

Trading Investing security Insurance 4 DeFi Insurance Protocols Building Safety Nets for Crypto Investors

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.

01.02 / 11:52

Binance regulation Insurance valuation Binance user protection insurance fund reaches $1B valuation

Binance, the world’s leading crypto exchange by trading volume, announced its Secure Asset Fund for Users (SAFU) reached a $1 billion valuation.

15.12 / 01:39

markets defi Hackers Insurance 3 reasons why Nexus Mutual (WNXM) price is holding steady in a volatile market

There is always going to be risks involved with interacting with cryptocurrencies and recent proof of this can be seen over the past few weeks after savvy hackers managed to abscond with millions of dollars worth of tokens from Bitmart, AscendEX and BadgerDAO exchange.

05.11 / 21:39

markets Ethereum Insurance Bitcoin fall Support Altcoins surge even as Bitcoin and Ethereum price fall toward key support levels

Price action in the crypto market has not been for the faint of heart over the past 48 hours and it's clear that volatility following Bitcoin (BTC) and Ether’s (ETH) breakouts brought new all-time highs.

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