Insurance
Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base
OpenCover, which raised $4 million in a seed round led by the likes of NFX and Jump Crypto, received a $200,000 funding bump from Coinbase to bolster its debut on Base.
Decentralized Insurance Alternative Nexus Mutual Provides Cover to UK Shopkeepers
A partnership with InShare sees Nexus adding some of its $274 million on-chain capacity to The Retail Mutual insurer comprising over 5,000 shopkeepers and small retail businesses.
Crypto Insurer Evertas Buys Bitcoin Mining Cover Specialist Bitsure
Evertas has snagged the authority to offer mining policy limits of up to $200 million per location.
Startup Arbol Unveils AI and Blockchain-Powered Climate Insurance Platform
The market for climate insurance is estimated to triple in the next decade.
Bitcoin-Denominated Life Insurance Provider Sets Up Shop With $19M Funding
Meanwhile's target audience is U.S. citizens with large BTC holdings, an audience from which it has "seen a lot of early demand."
Crypto Insurer Evertas’ Coverage Limit Increased to $420M: Reuters
London-based Arch Insurance International, a syndicate member of Lloyd's of London, has authorized Evertas to increase its coverage limit for a single policy for crypto custodians and exchanges
LI.FI and InsurAce Pitch Protection for Moving Crypto Between Blockchains
LI.FI partnered with risk cover protocol InsurAce to provide protection for users who are bridging their cryptoassets from one blockchain to another.
DeFi Insurer Nexus Mutual Demands $2M Refund From Euler Hack Claimants. One User Traded it Anyway
Euler's hacker returned most of the money, putting the insurer that already paid claims in a pickle. Members of Nexus Mutual could get lawyers involved if the $2 million they’re owed isn’t returned.
Crypto Protection Firm Coincover Raises $30M
Silicon Valley investment firm Foundation Capital led the funding round.
FTX's Failure Highlights Need for Federally Mandated Insurance, Not More Regulation
There is extensive precedent for requiring companies providing critical infrastructure to get special insurance. Why not require crypto companies to back themselves with a market-based product, say the founders of Evertas, a crypto insurance provider.
