Tag: insurance

Jan 12 2021

Nexus Mutual Now Protects Coinbase, Binance Users

Nexus Mutual is now offering centralized exchange cover. The protocol will compensate users who lose 10% of their funds or experience prolonged withdrawal halts. Nexus Mutual Expands Cover to CeFi Nexus Mutual,...

Dec 28 2020

Who Insures the Insurer? Cover Protocol Attack Exposes DeFi’s Promise and Peril

Dec 28 2020 Published at CoinDesk under tags  cover protocol defi hack insurance markets

Defi insurer Cover Protocol, designed to reduce smart contract failure risks, was exploited by a bug in its smart contract on Monday morning.

Cover Protocol Hacker Makes Off With Millions, Binance Halts Token Trading

Dec 28 2020 Published at Crypto Briefing under tags  cover protocol hack insurance markets

A hacker has exploited a bug in the incentives smart contract of Cover Protocol. This has allowed the hacker to get away with 11,761 COVER tokens, worth $3.62 million at press time. Cover Hack Kills Token Price Cover...

Dec 24 2020

Crypto China: Construction Bank in China Launches First Insurance Policy Paid in Digital Currency

Dec 24 2020 Published at Coingape under tags  btcbrl btcbusd btcgbp btcjpy btcrub

China Construction Bank, one of the largest banks in China has started a new use case for the country's much talked about digital yuan by issuing the first insurance policy completely paid in the national digital currency. The digital yuan settled insurance policy was launched in association with ZhongAn Online P&C Insurance. Local media reports The post Crypto China: Construction Bank in China...

Dec 22 2020

Polkadot-Based DeFi Insurance App Raises $1.95M Led by KR1

Dec 22 2020 Published at CoinDesk under tags  business defi insurance smart contracts

Tidal will use the Polkadot blockchain to allow users to insure a set of DeFi applications against smart-contract failure or breaches.

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