Tag: insurance
BlockFi used customer money to buy $30M insurance, creditors claim
Disgruntled creditors of the bankrupt cryptocurrency lending firm BlockFi have submitted a new court filing in response to the company’s latest restru [...]
F.D.I.C. Proposes Broadening Bank Insurance for Businesses
WASHINGTON — The Federal Deposit Insurance Corporation on Monday recommended that Congress consider expanding its regulatory powers to backstop certai [...]
Chinese state insurance firm launches two crypto funds in Hong Kong: Report
The Chinese government appears to be more bullish on the cryptocurrency industry than one might think, as a major state company is reportedly launchin [...]
DeFi insurance payouts amounted to $34.4M in 2022: Report
According to a Mar. 21 report published by decentralized finance analytics firm OpenCover, DeFi insurance companies paid out $34.4 million in claims i [...]
US midsize banks seek FDIC Insurance on ‘all deposits’ for 2 years: Report
The Mid-Size Bank Coalition of America (MBCA) has reportedly asked United States federal regulators to extend insurance on all deposits for the next t [...]
FDIC warns CEX.IO and its reviewers to remove potentially false claims about insurance
The United States Federal Deposit Insurance Corporation (FDIC) has sent a letter to executives of cryptocurrency exchange CEX.IO warning them that the [...]
Crypto Exchange Gemini Emphasized FDIC Insurance in Communications With Earn Customers: Report
Gemini reportedly claimed repeatedly that its the assets of customers using its Earn product were safe thanks to being backed by the FDIC
www.coindes [...]
E.U. Crypto Companies Prep For MiCA: Licensing, Insurance & More
“In Germany, most banks are against crypto,” he told CoinDesk. Smaller banks, such as N26 and Solaris, for example, are friendlier to the industry, bu [...]
Fireblocks Enlists Crypto Insurance Firm Coincover for Third-Party Key Recovery Service
“We’ve quite well known for crypto insurance, but this is to do with our disaster recovery piece,” said Oliver Cummings, Coincover’s director of strat [...]
FTX’s Failure Highlights Need for Federally-Mandated insurance
The usual conversations are taking place about what new regulations need to be enacted to prevent another FTX. While it is obvious something needs to [...]
BNB insurance Binance listing? CZ addresses delisted project’s claims
A decentralized social network project called Mithril (MITH) was recently delisted from Binance and in return, the crypto project asked for the 200,00 [...]
Here’s how health insurance is helping to cool inflation
Natalia Gdovskaia | Moment | Getty ImagesIn an environment of high inflation, health insurance costs are doing the opposite: They've begun to deflate, [...]
Algorand to support bank and insurance guarantees platform in Italy
Layer-1 blockchain platform Algorand has been chosen as the public blockchain to support an “innovative digital guarantees platform” to be used in Ita [...]
Crypto Insurance Firm Evertas Bucks Bear Market With $14M Raise
The Series A round was led by Polychain Capital and also included SinoGlobal Capital, Morgan Creek and Balaji Srinivasan.
www.coindesk.com [...]
America’s unemployment insurance system is still broken as a recession looms
Hey, remember the pandemic economy? How could you not, right? In early 2020, millions of people lost their jobs in the blink of an eye, through no [...]