Markets/Coverages: Evertas to Offer Largest Crypto Insurance Policy With Coverage Up to $420M June 2, 2023 By Gertrude Chavez-Dreyfuss London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420...
Crypto Must End Anonymity for Illicit Finance, U.S. Regulator Says April 26, 2023 By Huw Jones Anonymity is allowing crypto assets to finance illegal activities, a top U.S. regulatory official said on Tuesday, posing national security...
FTX’s Crash Exposes Insurance Black Hole That Risks Impeding Crypto Sector Recovery March 7, 2023 By Sidhartha Shukla A long road lies ahead to repair confidence in crypto after unprecedented bankruptcies and hacks, including the major challenge of...
G20 Watchdog to Tackle ‘Vulnerabilities’ in Decentralized Finance After FTX Collapse February 16, 2023 By Huw Jones The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle “vulnerabilities” and data gaps in...
Crypto Thefts Hit Record $3.8B in 2022 on Surge in North Korea Hacking: Report February 3, 2023 By Jeff Stone Thieves stole a record $3.8 billion worth of cryptocurrency in 2022 as sanctions on North Korea drove a surge in...
Britain’s Finance Ministry Issues Draft Rules to Regulate Cryptoassets February 2, 2023 By Huw Jones and Elizabeth Howcroft Britain’s finance ministry laid out its first set of rules to regulate cryptoassets on Wednesday, saying ongoing turbulence in the...
U.S. Says It ‘Hacked the Hackers’ to Bring Down Hive Ransomware Gang January 27, 2023 By Sarah N. Lynch and Raphael Satter The FBI on Thursday revealed it had secretly hacked and disrupted a prolific ransomware gang called Hive, a maneuver that...
Crypto Crime Hits Record $20B in 2022, Report Says January 12, 2023 By Elizabeth Howcroft Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions skyrocketed,...
Bankman-Fried Fraud Charges Sidestep Debate Over How U.S. Law Sees Crypto January 9, 2023 By Luc Cohen Sam Bankman-Fried may find it hard to argue the fraud charges against him should be tossed because of uncertainty as...
The SEC’s Crypto Crackdown Is Just Getting Started After FTX Blowup December 28, 2022 By Allyson Versprille The US Securities and Exchange Commission is just getting started with its crackdown on crypto firms that refuse to abide...