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Telecom Giant Thinks Blockchain Can Make Phone Insurance More Convenient

South Korean telecommunications firm, SK Telecom, announced a blockchain-based document submission process for mobile phone insurance. This new protocol will do away with the company’s current antiquated paper processing methods.Before now, users had to visit a technical repair office to receive insurance benefits for damaged phones, according to Itbiznews. Successful

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Mutual Insurance Takes off As Bitcoin Futures Market Matures

The crypto futures market is heating up. On June 30, Binance launched Compound perpetual contracts at 50x leverage, around the same time Beijing-based MCDEX debuted a novel decentralized ETH perpetual contract that has no expiry date. CoinFLEX, meanwhile, has unveiled a centrally traded repo market powered by deliverable perpetual futures and Bybit

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Algorand Targets Insurance Fraud With New Partnership

Distributed ledger technology (DLT) firm Algorand has partnered with blockchain-based tamper-proof media verification platform Attestiv to target fraud within the insurance industry.The firms will combine their tech to develop a single platform for verifying digital media for a multitude of stakeholders across the insurance sector — including insurers, customers, repair

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Crypto.com Obtains $360 Million Insurance for Offline Bitcoin Vaults

Top cryptocurrency payments firm Crypto.com gets about $350 million in insurance coverage. It may improve confidence in the crypto space and become a step toward cryptocurrency adoption.Premier cryptocurrency platform Crypto.com has gotten insurance coverage worth $360 million. This coverage is for risks associated with its cold storage Bitcoin vaults. Sources

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Crypto.com Lands Record $360M Insurance Cover for Offline Bitcoin Vaults

Crypto.com has gathered a record-breaking $360 million worth of insurance to cover the potential loss of coins stored in special offline vaults.Announced Monday, the crypto finance platform accessed the cover through institutional custody provider Ledger Vault, which offers $150 million of pooled insurance cover to clients via insurance broker Marsh,

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Major Polish Insurance Company Taps Blockchain for Its Paperwork

Polish insurance company Link4 has partnered with a regtech firm Coinfirm to streamline document correspondence and storage with a blockchain-based system.Called Trudatum, the blockchain-enabled tool developed by Coinfirm reportedly allows the firm to transfer and store electronic documents and ensure their immutability. For Link4’s customers specifically, it means that their

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BitMex Insurance Fund Tags ATH, Binance and Deribit Inject Millions

The March 13 crypto market meltdown ravaged cryptocurrency companies across the industry, sparking a MakerDAO debt crisis and causing millions to be deployed from the insurance funds of exchanges Binance and Deribit.In spite of the widespread carnage, the insurance fund of leading derivatives exchange, BitMex, only took two days

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Options Protocol Brings ‘Insurance’ to DeFi Deposits on Compound

Trustless insurance has arrived on decentralized finance (DeFi). At least on the Compound protocol, the collateralized lending platform that runs on ethereum. The new product, from a company called Opyn, allows people to take out options on stablecoin deposits, allowing users to hedge against the risk of a catastrophic event wiping

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