4 hours ago · 2 min read
Crypto scams, DeFi hacks, and rug pulls: Why the crypto industry needs insurance tech
When you have even just $100 in a liquidity pool, you dread the day you awake to it being gone.
Move over DOGE: Uma launches DeFi insurance contracts for SpaceX flights
The new decentralized derivative aims to allow anyone to act as an insurer for SpaceX's Smallsat Rideshare program.
Celsius CEO Alex Mashinsky announces self-insurance for all its users’ coins
Crypto banking and financial services platform Celsius Network (CEL) plans to self-insure its users’ funds against unforeseeable losses, its co-founder and CEO Alex Mashinsky announced on Twitter today.
BitMEX may be about to add KYC, and that’s bearish for Bitcoin: traders explain why
BitMEX, the leading Bitcoin and crypto-asset derivatives exchange, has long played a central role in these nascent markets.
Bakkt launches institutional Bitcoin custody service with $125 million in insurance
Bakkt launched its Bitcoin custody warehouse, its institutional BTC custody solution, protected by a $125 million insurance policy.
Coinbase to launch regulated insurance firm in partnership with Aon
Coinbase, one of the largest cryptocurrency exchanges in the United States, is reportedly exploring plans to set up its own insurance company.
MetLife, the world’s sixth-largest insurance company, using Ethereum to transform life insurance
MetLife, one of the globe’s largest providers of insurance, is using Ethereum to transform the life insurance claims process.
Major US Crypto Exchange Obtains Insurance, Will it Have Positive Effect on the Industry?
This week, major New York City-based crypto exchange Gemini obtained insurance coverage from a consortium of leading insurance providers led by Aon, a multi-billion dollar insurance giant based in London.
VeChain Partners with Chinese Insurance Firm to Create ‘Collaborative Ecosystem’ Using Thor Blockchain
China’s largest insurance conglomerate by total assets handled, the People’s Insurance Company of China (PICC), has partnered with VeChain, blockchain-based information tracking and governance systems company, with the goal of digitally transforming the insurance industry, according to a press release.
Lloyd’s of London Ventures into Cryptocurrency Insurance
Lloyd’s of London has entered into an agreement with custodial firm Kingdom Trust to offer cryptocurrency insurance services in a move that further amps institutional entry in the digital asset ecosystem, according to a press release.
How ICON Partnered with Korea’s Biggest Insurance Firm to Develop Blockchain Apps
This past June, ICON, the most valuable blockchain project in South Korea, secured a strategic partnership with Kyobo Life, the country’s largest insurance firm alongside Samsung, to develop blockchain-based services.