KuCoin only lost $45 million in September hack
KuCoin CEO Johnny Lyu has released an update that takes a look at the total damage of the September 25th KuCoin hack and how much money was recovered.
Latest insurance News
Blockchain-powered insurance mobile notification coming to South Korea
South Korea’s KT Corp has partnered with a local insurer on a blockchain platform that will power mobile notification services, even when the number changes.
Wyoming law allows insurance firms to invest in digital currency
The new law, which is set to come into effects from July 1, allows domestic insurance companies to buy digital assets for the first time.
Bittrex obtains $300M insurance for crypto in cold storage
The cover protects Bittrex against theft or collusion of its cold storage assets, and was arranged through Lloyds of London.
Knøx launches digital asset custody service with insurance
The Canadian custodial service looks to offer more security by insuring the assets they protect.
Aon, Lloyds of London lead growing crypto insurance industry
Lloyds of London has become a major player in the crypto insurance sector, facilitating a $255 million policy for Coinbase, a $100 million policy for crypto custodian BitGo and more.
Coinbase thinks diversification, may launch an insurance company
Coinbase apparently considering introducing a “captive insurance company,” which would be launched through a partnership with the Aon insurance brokerage firm.
Old Mutual will no longer insure crypto-related businesses
Citing the high risk and cost of insuring cryptocurrency businesses, South African insurer Old Mutual has called it quits on the industry.
Crypto custodian Anchorage now offering insurance
Anchorage is giving its customers something many cryptocurrency holders and traders repeatedly request.
State Farm, USAA test blockchain platform for subrogation process
Looking to make the insurance subrogation process less time intensive and full of paperwork, State Farm and the USAA have turned to blockchain technology.
Coinbase’ wallet insurance coverage stands at $255 million, led by Aon
Coinbase recently explained their extensive cryptocurrency insurance, giving the world a better understanding of how a professional outfit protects its customers.
Hong Kong firms offers insured custody service for cryptocurrency
Branding China Group is a trading and asset management firm that is known for its technology investments, but has been diversifying into the blockchain sector recently.
