Ruler and Cover DeFi protocol closes down amid mass developer exit
DeFi insurance protocol Ruler and Cover pledged to share the remaining treasury funds to token holders.
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Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance
Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment…
Big Three Credit Agency Fitch Warns El Salvador Adopting Bitcoin Will Negatively Affect Insurers
Fitch Ratings, the American credit agency and member of the ‘Big Three’ credit agencies, has published a paper on El Salvador’s adoption of bitcoin and making the crypto asset legal…
Fitch Ratings warns El Salvador’s ‘Bitcoin Law’ will pose risk to local insurers
Fitch warned that mainstreaming Bitcoin without clarity can introduce volatility and operational risks for Salvadorans.