Tag: insurance

Jul 29 2022

US watchdogs order Voyager Digital to stop making misleading insurance claims

Jul 29 2022 Published at CryptoSlate under tags  insurance legal regulation

The U.S. Federal Reserve (FED) and Federal Deposit Insurance Corp (FDIC) have ordered Voyager Digital to desist from making false and misleading claims about its insurance status to customers. In a joint letter...

Jul 19 2022

Bitcoin Incentivizes Patient-Centered Healthcare For Millions Of Americans

Why a new healthcare system should be the first product developed in Web5 to offer equitable, affordable and patient-centered healthcare for Americans.This is an opinion editorial by Vishvas Garg, a Ph.D. in pharmacoeconomics, epidemiology, pharmaceutical policy and outcomes research from the University of New Mexico.In a previous article, I introduced...

Jul 01 2022

DeFi insurance is coming to Solana to protect users against exploits

Jul 01 2022 Published at CryptoSlate under tags  defi insurance interview

CryptoSlate spoke to the founder of Amulet Protocol, Rupert Barksfield, about launching the first DeFi Insurance platform on Solana. Watch the video below to find out whether Amulet will be offering insurance against Solana outages, de-peg insurance, and protection against other problems that can occur in DeFi. Regarding Solana's infamous downtime, Barksfield compared the current state of Solana to early Ethereum development. He...

Jun 26 2022

Bitcoin Can Fund High-Quality, Equitable, Healthcare For Everyone

Creating a system distributed by the internet the same way Bitcoin exists could create accessible healthcare for everyone.The Current Global Health Care System Is BrokenOver 6.2 million people have died of COVID-19-related deaths as of June 13, 2022. This is despite $8.9 trillion or...

May 25 2022

Its pay out time for DeFi insurance

May 25 2022 Published at CryptoSlate under tags  defi insurance interview investments

Last week founders from the top DeFi insurance companies, Nexus Mutual, InsurAce, Bright Union, and Amulet, came together to discuss the UST de- pegging event. The Twitter spaces event lasted around an hour and is available in full via the tweet below....

May 14 2022

Insurance protocols are paying out millions to UST holders

May 14 2022 Published at CryptoSlate under tags  defi insurance lending outage stablecoins

InsurAce, a DeFi insurance platform that offered cover against a UST de-peg event, has confirmed that they will be paying out $12 million in USDT to users who hold a valid policy. The CMO of InsurAce, Dan Thomson, confirmed to us directly that "we'll payout and recover fast." Thomson went on to say, "This shows the importance of insurance in the industry and...

Apr 18 2022

The Unique Property Insurance Considerations For Bitcoin Mining Operations

The growth of the Bitcoin mining industry brings unique considerations for growing operations, particularly for adequate insurance coverage.It is crucial for Bitcoin mining operations to have adequate insurance coverage and understand their rights to recovery should their operations suffer losses. As far as traditional property-related risks, they are similar to those of any brick-and-mortar technology company,...

Feb 12 2022

Bitcoin And Annuities — How Can We Revitalize Their Poor Value?

Annuities have suffered greatly over time — bitcoin-based annuities, while not probable any time soon, could reinvigorate the industry.What Is An Annuity, And Why Do They Matter?An annuity is generally a fixed sum of money paid to someone each year, often defined as payable for the rest of their life. These have typically been purchased from insurance companies upon retirement. A...

Feb 04 2022

Evertas Gets Delegated Authority Approval to Serve as Lloyd’s Coverholder

Evertas, a crypto-asset insurance company based in Chicago, announced that it has received approval to become a Lloyd’s of London coverholder.

Dec 28 2021

Can The Crypto Insurance Industry Grow In 2022?

The growth of Cryptocurrency, which has been predicted long before now, has continued to be remarkable. Since the inception of Bitcoin in 2009, the space has continued to witness the growth of other projects. This has become a mainstay and vital to its development. The growth has attracted prominent industry players who provide bespoke services to the crypto space. However, it appears that...

Dec 24 2021

Oct 18 2021

US mortgage lender dumps Bitcoin plans just two months after pilot

Oct 18 2021 Published at CryptoSlate under tags  banking btcusd insurance investments payments

United Wholesale Mortgage, which had recently made headlines in the crypto space for being the first in the industry to accept payment for a mortgage in Bitcoin, has now eliminated the said feature citing issues related to incremental costs and regulatory fluctuations in cryptocurrency. The second- biggest mortgage lender UWM had made its public debut via the SPAC merger in January and had begun...

Sep 02 2021

Why Insurance Companies Need Bitcoin

In a time of monetary inflation, the only place to pool funds for insurance companies is bitcoin.Everyone Loves Insurance, Right?Healthcare and insurance. The words just evoke anguish, discomfort and general anxiety, don’t they? I mean, I sure as hell don’t enjoy hearing those words uttered, let alone ponder the costs that are forked over every month from my salary. Yet they...

Jul 30 2021

Crypto scams, DeFi hacks, and rug pulls: Why the crypto industry needs insurance tech

Jul 30 2021 Published at CryptoSlate under tags  defi guest post hacks insurance

Your bags are gone. How do you alleviate that concern? With insurance. Unfortunately, DeFi users don't have much choice when protecting their assets, and only an estimated $2 billion of DeFi's $100 billion TVL is insured. Needless to say, crypto and DeFi are still in the exploratory phase in finding an optimal insurance solution. Exploits have become almost inevitable and hidden in plain...

Jun 02 2021

May 26 2021

Move over DOGE: Uma launches DeFi insurance contracts for SpaceX flights

May 26 2021 Published at CryptoSlate under tags  adoption defi insurance umausd

Decentralized finance (DeFi) platforms Uma and Opium Network have announced the launch of a new—quite unusual—crypto derivative product that would allow individual users to act as insurers for SpaceX flights. “Using Uma’s Optimistic Oracle, Opium Protocol launches decentralized...

Apr 26 2021

Apr 15 2021

Major Swiss Insurer Now Accepts Bitcoin

Swiss insurance giant AXA is offering a bitcoin-based payment option to meet growing demands for this alternative from its customers.Bitcoin adoption as a method payment is rising globally and the latest institution to embrace this development is Switzerland-based insurance giant, AXA.The Swiss-based insurance company...

Apr 08 2021

NYDIG Raises $100 Million, Details Bitcoin-Powered Insurance Strategy

Apr 08 2021 Published at Bitcoin Magazine under tags  business fundraising insurance nydig

NYDIG has announced a $100 million raise of growth capital with strategic partnerships and hires for a bitcoin-powered insurance strategy.In an April 8, 2021 release,...

Mar 15 2021

The Imminent Synergy Between The Insurance Industry And Bitcoin

Mar 15 2021 Published at Bitcoin Magazine under tags  business insurance

Given current monetary policy, the insurance industry and bitcoin are a match made in heaven. Here’s why.Early on the morning of March 10, NYDIG, a financial services firm dedicated to Bitcoin and built specifically for institutional clientele,...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: