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BitMEX to Transfer Bitcoin Insurance Fund to New Addresses

BitMEX to Transfer Bitcoin Insurance Fund to New Addresses

BitMEX announces the transfer of its Bitcoin Insurance Fund to new addresses, ensuring transparency and security for its users.

dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI

dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI

dYdX deployed $9 million from v3 insurance fund to cover YFI market liquidations, suspecting targeted attack and market manipulation. No user funds affected, insurance fund remains at $13.5 million.

Tyler Winklevoss Predicts $500K BTC price as MassMutual Insurance Giant Buys up $100 million in Bitcoin

Tyler Winklevoss Predicts $500K BTC price as MassMutual Insurance Giant Buys up $100 million in Bitcoin

MassMutual Insurance buys up $100 million in BTC for its portfolio, and Bitcoin billionaire Tyler Winklevoss appears to be gaining confidence in his $500,000 per BTC prediction.

Wilshire Phoenix Files for Publicly Traded Bitcoin-Backed Fund Approval Seeking to Challenge Grayscale’s Dominance

Wilshire Phoenix Files for Publicly Traded Bitcoin-Backed Fund Approval Seeking to Challenge Grayscale’s Dominance

The New York-based investment company, Wilshire Phoenix has filed the s-1 registration statement with the SEC for a publicly-traded Bitcoin fund in accordance with regulatory requirements.

Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak

Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak

Xiang Hu Bao, an online mutual aid platform, a subsidiary of Ant Financial, is a “collective claims-sharing mechanism built on blockchain that offers basic health plans to its 104 million participants.” Most of its users are Chinese citizens from lower-tier cities, and in rural areas. By utilizing blockchain technology, settlements have been made more efficient, and fraudulent claims have been reduced.

Gemini Launches Insurance Company Resulting in the Highest Custody Insurance Coverage in the Crypto Market

Gemini Launches Insurance Company Resulting in the Highest Custody Insurance Coverage in the Crypto Market

Gemini exchange excitedly announced the launch of its own cryptocurrency insurance company which turned out to be regarded as the most crypto custody with the widest coverage at the moment. Named Nakamoto, Ltd.

Traditional Financial Giant Lloyd's of London Introduces Cryptocurrency Insurance for Hot Wallets

Traditional Financial Giant Lloyd's of London Introduces Cryptocurrency Insurance for Hot Wallets

Insurance giant Lloyd’s has launched a new insurance product to protect digital asset holders against the rising threat of cybercrime in the crypto market.

Macro Investor Mike Novogratz Says MassMutual's Bitcoin Investment Could Be The Most Important One of 2020

Macro Investor Mike Novogratz Says MassMutual's Bitcoin Investment Could Be The Most Important One of 2020

Mike Novogratz recognizes MassMutual insurance company’s move to purchase $100 million in Bitcoin as the most important cryptocurrency news of the year 2020.

EToro Boosts Insurance Cover-Up to £1 Million, but Crypto Investments Excluded

EToro Boosts Insurance Cover-Up to £1 Million, but Crypto Investments Excluded

eToro has unveiled a new insurance plan that will cover up to 1 million euro for customers, but cryptoassets are excluded from the policy.

Oxfam's Blockchain-Based Agricultural Insurance Firms in Sri Lanka Pay Farmers with Crypto

Oxfam's Blockchain-Based Agricultural Insurance Firms in Sri Lanka Pay Farmers with Crypto

Insurance in the agricultural sector is becoming digitized through blockchain based solutions in Sri Lanka as Oxfam pays farmers in cryptocurrencies

Making a Difference in Africa: Paxful Unveils Bitcoin Donation Fund to Overcome Coronavirus Pandemic

Making a Difference in Africa: Paxful Unveils Bitcoin Donation Fund to Overcome Coronavirus Pandemic

Paxful aims to provide support in Africa to address the coronavirus outbreak.

Coincover Sets Eyes on Crypto-based Insurance Service

Coincover Sets Eyes on Crypto-based Insurance Service

Coincover, a Cardiff based start-up in the United Kingdom, has gone a notch higher by introducing a crypto-based insurance service. The primary objective of this move is deterring asset loss and theft in the cryptocurrency space.

Hackers Demand $1 Million in Bitcoin Ransom After Hacking Computer Systems of Insurance Firm

Hackers Demand $1 Million in Bitcoin Ransom After Hacking Computer Systems of Insurance Firm

Israeli’s largest insurance company fell victim to hackers this week and must pay huge amounts of funds in cryptocurrency to regain access to its data.

UNICEF Unveils Cryptocurrency Donation Fund

UNICEF Unveils Cryptocurrency Donation Fund

UNICEF has launched a cryptocurrency fund intended for open-source technology funding, whereby Ether and Bitcoin will be accepted. The donations will be beneficial to young people and children across the globe.

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