US Regulator Signals Guidance on Stablecoins, Tokenized Deposit Insurance
The Federal Deposit Insurance Corporation is considering
guidance for tokenized deposit insurance. The agency also plans to introduce an
application process for…
Browsing Tag
Insurance
Ripple’s CBDC Tech Chosen for Eco-Friendly Insurance Settlements by Tech Company
ripple cryptocurrency in the bright rays on background with statistics…
dYdX founder claims targeted attack led to $9M insurance claim
Decentralized exchange (DEX) dYdX was forced to use its insurance fund to cover $9 million in user liquidations on Nov. 17. According to dYdX founder Antonio…
Mukesh Ambani-backed Jio Financial Services Announces Plans to Extend Services to…
The Indian billionaire highlighted during Reliance’s annual general meeting that JFS intends to further widen its financial services with global partners including…
FDIC Orders OKCoin to Halt ‘Misleading Representations’ of Deposit Insurance Status
The US Federal
Deposit Insurance Corp. (FDIC) has ordered OKCoin to remove misleading
statements that suggest that its customers' accounts were insured through the…
Cryptocurrency Exchange Hacks and Insurance: Risks, Coverage, and Limitations
Individuals and
institutions are increasingly using cryptocurrency exchanges to purchase, sell,
and trade cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.…
Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors…
Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have…
Crypto Exchange Hacks and Insurance: Risks, Coverage, and Limitations
In recent
years, cryptocurrency exchanges have become a popular target for hackers,
resulting in significant losses for both investors and exchanges. As a result
of…
Crypto insurance startup Coincover raises $30 million
Cryptocurrency protection and insurance project Coincover has just announced a raise of $30 million in a round led by Foundation Capital.
Crypto looks to be waking…