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Insurance
Who Insures the Insurer? Cover Protocol Attack Exposes DeFi’s Promise and Peril
DeFi insurer Cover Protocol, designed to reduce smart-contract failure risks, was exploited by a bug in its smart contract on Monday morning.
Polkadot-Based DeFi Insurance App Raises $1.95M Led by KR1
Tidal will use the Polkadot blockchain to allow users to insure a set of DeFi applications against smart-contract failure or breaches.
eToro Adds Insolvency Insurance Policy – Crypto Users Not Included
The free insurance scheme covers customers for up to £1 million if the firm should ever become insolvent. But crypto holders are left out in the cold.
Bitstamp Adds Crypto Crime Insurance for Assets Held Online
The new policy means user funds are protected both on- and offline.
Chainlink to Provide Data for Farming Insurance Startup Arbol
Chainlink will provide climate data for insurance startup Arbol’s weather derivatives. Small to medium sized firms can use the Ethereum-based dapp for hedging natural events.
Morgan Creek Leads $2.8M Seed Round for Crypto Insurance Upstart Evertas
Formerly called BlockRe, the crypto insurance provider raised the seed round from Morgan Creek,Plug n Play, Kailash Ventures and other investors.
Business Is Booming for DeFi Insurer Nexus Mutual Ahead of Ethereum 2.0
Nexus Mutual, an alternative insurance provider for a variety of Ethereum-based DeFi protocols, has seen its risk pool double over the past 90 days to more than $4 million.
Bakkt Announces New Insurance Coverage, Claims More Than 70 Custody Clients
Bakkt has onboarded 70 clients to its custody services, and signed a deal with insurance broker Marsh to provide customers with an optional extra $500 million of coverage.
Crypto.com Lands Record $360M Insurance Cover for Offline Bitcoin Vaults
Crypto.com has gathered a record-breaking $360 million worth of insurance to cover the potential loss of coins stored in special offline vaults.
Ex-Royal Mint Team Now Provides $1M Cover for All Civic Crypto Wallets
Coincover is now providing automatic deposit guarantee on all new signups for Civic's hot wallet.
