2021-1-10 04:37 |
Big changes are coming to DeFi’s second-largest protocol and its $375 million insurance pool
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A class-action lawsuit for over $5 million has been filed in northern California against Chinese mining giant Bitmain. The company is being accused of utilizing customers’ newly purchased machines to mine cryptocurrency at full power for its own benefit while customers were configuring their equipment.
2018-11-27 21:38 | |
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Hong Kong is weighing a cautious shift that could open the door for insurers to enter crypto markets. The city’s Insurance Authority is proposing new rules that would allow insurance firms to invest in assets such as cryptocurrencies and infrastructure.…
Tabit Insurance, a Barbados-based company offering insurance solutions for the digital assets industry, raised $40 million in a facility capitalized in Bitcoin. The company said in a press release that the capitalization of the $40 million insurance facility in Bitcoin…
As well as cyber and crime markets, Relm is offering reimbursement for losses associated with staking on the Ethereum network.
Crypto insurance underwriter Evertas will increase coverage limits to $420 million per policy while adding additional mining coverage.
FTX imploded back in November and there have been a number of developments since then. The effect of the crypto exchange’s collapse is still being felt by both users and companies in the space, and the most recent development shows that the contagion is far from over.
Insurers are increasingly denying or significantly limiting coverage to clients involved with crypto due to the collapse of exchange FTX. The post First Accountants Now Insurers Turn Their Backs on Crypto Clients appeared first on BeInCrypto.
Decentralized insurance built on a transparent, blazingly fast, and efficient blockchain with the community in mind is something to think about. The post Decentralized Insurance Built on the Blockchain is a Game Changer appeared first on BeInCrypto.