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 Source
Read More
Insurance
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, but the biggest ones, like Deutsche Bank, are still keeping away from crypto. This may change once a pan-European regulation is in place, he believes: “Banks
Read More
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 happen, experience makes clear that the current regulatory regime is not well equipped to prevent these events. Indeed, even if the Securities and Exchange Commission,
Read More
Insurance Giant Tokio Marine to Offer Its Services in the Metaverse – Metaverse Bitcoin News
Tokio Marine, the biggest property/casualty insurance group in Japan, is taking its services and operations into the metaverse. The group, which has more than 39,000 employees all over the world, will allow its users to review and purchase insurance products on a metaverse platform, using real employees as clerks in
Read More
Binance Replies Delisted Mithril Request for BNB Insurance Sum Refund, Claims Entitlement to Partial or Whole Sum
Binance recently explained to delisted project Mithril that a clause in their contract entitles it to Mithril’s initial insurance deposit.Recently delisted Binance social network project Mithril (MITH) has asked the exchange to refund its initial insurance deposit. Mithril said it deposited 200,000 Binance Coins (BNB) as insurance for listing on Binance and
Read More
BNB insurance for 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 200,000 Binance Coin (BNB) it had to deposit as insurance for listing on the exchange.Binance CEO Changpeng Zhao aka CZ responded to MITH’s demand on Twitter with a
Read More
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. Original Source
Read More
The First Insurance for Individual Crypto Investors against Scams
Place/Date: - December 9th, 2022 at 1:00 pm UTC · 3 min read Source: HealthPotion Over the last 4 years, the top issue across all crypto-asset complaints was “Fraud or scam”. The value of these scams is increasing all the time, soaring to $14bn in 2021. Scams
Read More
GK8 increases insurance cap on digital assets to $1B
Digital asset custody platform GK8 has partnered with USI Insurance Services to expand its insurance policy for institutional customers — a move the company said would incentivize banks and other financial institutions to start investing in cryptocurrency. The insurance policy offers up to $1 billion of coverage per client for digital
Read More
Crypto Custodian Aegis Trust Offers $25M Insurance Policy for NFTs
“We are focusing on the security of the infrastructure. And that's really fundamental for institutions, which are still the majority of the value that has come into the crypto market,” Wei told CryptoX. “Being able to put that layer on top of what we already offer to clients I think
Read More