Smart contract-enabled insurance holds promise, but can it be scaled?
Blockchains can help to insure the world’s uninsured, but daunting challenges remain: How does one explain crop insurance to indigent farmers?
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‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels
It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14…
Brazilian Brokerage Platform Rico to Offer Cryptocurrency Services Next Year
Rico, a Brazilian brokerage platform part of XP Inc., has announced it plans to enter the cryptocurrency market next year. The division is expanding its operations and will also enter…
FTX US among 5 companies to receive cease and desist letters from FDIC
The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance.
HARTi and Mitsui Sumitomo roll out NFT insurance coverage for claims
The company said the move intends to cover all NFTs listed on the HARTi platform with no cost to the seller.
Belgian Banking Group KBC Creates Blockchain-Based Coin
KBC Group, a major European banking and insurance institution headquartered in Belgium, has launched a token based on a blockchain platform. Its customers will be able to acquire the new…
11% of US insurers invest — or are interested in investing — in crypto
Of the 328 CFOs and CIOs representing around half of the global insurance industry, 6% responded their firm was either already invested or considering an investment into cryptocurrencies.
Finance Redefined: Uniswap breaches $1T volume, WEF 2022 discussion on Terra, and more
The past week in DeFi saw Uniswap breach $1 trillion trading volume, while WEF 2022 saw Terra at the center of most crypto and DeFi discussions.
Question of centralization faces growing crypto insurance industry
Cryptocurrency insurance is expected to be a big business: Will it be centralized or decentralized?
The FDIC wants US banks to report on current and intended crypto-related activities
The U.S. bank insurer has concerns over the ability of the institutions it supervises to assess crypto risks adequately, and it’s none too sure about its own abilities.