Several digital asset entities were served cease-and-desist letters for falsely claiming that the FDIC insures a number of their crypto-related products.
FDIC insurance doesn’t protect against insolvency, default, or bankruptcy of any non-bank entity such as digital asset exchanges, custodians, or brokers.
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.
Dave Mullen-Muhr outlines a framework for an insurance offering that Unbounded Capital’s partners may find acceptable.
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.
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.
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.
The cover protects Bittrex against theft or collusion of its cold storage assets, and was arranged through Lloyds of London.
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 apparently considering introducing a “captive insurance company,” which would be launched through a partnership with the Aon insurance brokerage firm.