FTX US, several others get cease-and-desist orders over deposit insurance claims
Several digital asset entities were served cease-and-desist letters for falsely claiming that the FDIC insures a number of their crypto-related products.
Latest insurance News
Federal insurance doesn’t cover digital asset companies, FDIC clarifies
FDIC insurance doesn’t protect against insolvency, default, or bankruptcy of any non-bank entity such as digital asset exchanges, custodians, or brokers.
How Bitcoin can disrupt and improve global supply chains and revolutionize industries
As well as being the world’s first functional peer-to-peer electronic cash system, Bitcoin’s immutable ledger can help streamline global supply chains and ensure the integrity of the data several key industries rely on.
An offer for profit-seeking exchanges
Dave Mullen-Muhr outlines a framework for an insurance offering that Unbounded Capital’s partners may find acceptable.
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.
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.