Insurance – Page 3

Blockchain Industry to Surpass $67 Billion by 2027: Fintech Report Names 2021’s Most Influential Blockchain Companies

November 18, 2021

Financial technology (fintech) has exploded during the last two years and cryptocurrency and blockchain firms have bolstered the billion-dollar industry. A recently published study by Utility Bidder indicates that the industry is predicted to surpass $382 billion by 2027. Moreover, fintech firms that are blockchain-specific are projected to be worth over $67.4 billion by 2027.…
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Altcoins surge even as Bitcoin and Ethereum price fall toward key support levels

November 6, 2021

Altcoins like XYO, CRO and WNXM are capitalizing on BTC and ETH’s consolidation by moving higher. Price action in the crypto market has not been for the faint of heart over the past 48 hours and it’s clear that volatility following Bitcoin (BTC) and Ether’s (ETH) breakouts brought new all-time highs. While the top two…
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The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’

September 17, 2021

All of the ‘Big Three’ credit agencies have said that El Salvador’s adoption of bitcoin could affect the country’s credit rating in a negative manner. After both Moody’s and Fitch Ratings published reports on the matter in El Salvador, S&P Global said that the bitcoin adoption has had “immediate negative implications for its credit rating.”…
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Ruler and Cover DeFi protocol closes down amid mass developer exit

September 6, 2021

DeFi insurance protocol Ruler and Cover pledged to share the remaining treasury funds to token holders. In a candid open letter, the lead contributor of Cover and Ruler Protocol, “DeFi Ted,” announced the protocol will close its virtual doors in the near future, citing a mass developer exit as the primary reason for the project’s…
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Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance

September 1, 2021

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 funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers and Insurers in Search of Digital Yuan Use Cases China Construction…
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Nasdaq-listed insurer Metromile plans $10M Bitcoin purchase

May 6, 2021

The company will soon accept BTC payments for insurance premiums as part of a broader embrace of digital assets. Metromile Inc., a digital insurer headquartered in San Francisco, is making Bitcoin (BTC) a core part of its business operations, offering further evidence of the growing mainstream adoption of digital assets. The company announced Thursday that…
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Decentralized insurance could save DeFi from contagion, according to ShapeShift report

April 27, 2021

ShapeShift has identified two unaffiliated projects as promising DeFi insurance protocols. Decentralized finance has many of the hallmarks of previous cryptocurrency bull markets: incredible gains, extreme volatility and massive risks. In a new report, leading noncustodial cryptocurrency exchange ShapeShift explains the four biggest risks facing DeFi investors and why the emerging field of decentralized insurance…
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Nexus Mutual moves to sunset legal entity, lift KYC requirements

April 24, 2021

By transitioning to a fully DAO-governed model, Nexus could expand its user base and iron out tokenomic friction. In a move that could point toward greater decentralization and wider access, the Nexus Mutual community is currently considering a proposal to sunset the coverage protocol’s legal entity and lift Know Your Customer (Kburdens currently necessary to…
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Oasis Foundation announces implementation of Tidal DeFi insurance platform

April 10, 2021

A renewed focus on DeFi could drive traffic for the Oasis Network. The Oasis Foundation, an offshoot of Oasis Network developers Oasis Labs, announced in a blog post on Friday that decentralized finance (DeFi) insurance and coverage provider Tidal Finance will be implementing a version of their platform on the Oasis Network. The blog post…
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NYDIG raises $100 million and launches ‘Bitcoin-powered’ insurance initiative

April 9, 2021

The investment services firm said its new global head of insurance solutions would be spearheading the effort. New York Digital Investment Group announced the completion of a growth capital funding round as well as the launch of a business initiative relating to Bitcoin. In an announcement today, the New York Digital Investment Group, or NYDG,…
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Tag: Insurance