DeFi and Staking Insurance Startup Unslashed Raises $2M

Experimental crypto zones like DeFi and staking are seeing an influx of insurance products, but not as we know it.

Business  ·  4 March 2021

Insurance Giant Aon Is Testing the Waters of DeFi

Aon has shaped insurance policies around cryptocurrency cold storage. Now it's eyeing the red-hot DeFi space.

Business  ·  3 March 2021

Ethereum-Based Nexus Mutual Expands Its Decentralized ‘Insurance’ to Centralized Exchanges

A way to be covered in the event of an exchange hack.

Business  ·  12 January 2021

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.

Markets  ·  28 December 2020

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.

Business  ·  22 December 2020

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.

Business  ·  2 November 2020

Bitstamp Adds Crypto Crime Insurance for Assets Held Online

The new policy means user funds are protected both on- and offline.

Business  ·  19 October 2020

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.

Tech  ·  19 August 2020

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  ·  15 July 2020

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.

Business  ·  15 June 2020

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.

Business  ·  18 May 2020
BitGo Lands Record $360M Insurance Cover for Offline Bitcoin Vaults has gathered a record-breaking $360 million worth of insurance to cover the potential loss of coins stored in special offline vaults.

Business  ·  11 May 2020

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.

Business  ·  31 March 2020

BitGo Allows Customers to Extend Crypto Insurance Cover Over $100M

BitGo customers can now boost their insurance limits beyond $100 million to cover the loss or destruction of crypto stored in special vaults.

Business  ·  18 March 2020

Lloyd’s Backs New Crypto Hot Wallet Insurance Scheme From Coincover

The UK insurance giant is underwriting a new policy protecting against theft of cryptocurrency held in online hot wallets.

Business  ·  2 March 2020