Bank of England Begins Developing Regulatory Framework for Cryptoassets March 24, 2022 By Huw Jones and David Milliken The Bank of England on Thursday began sketching out Britain’s first regulatory framework for cryptoassets, saying that although the sector...
Crypto Platform Wormhole Says ‘Funds Are Safe’ After Hackers Steal $320M February 3, 2022 By Tom Wilson and Pushkala Aripaka Cryptocurrency platform Wormhole said on Thursday that “all funds are safe” after hackers stole more than $320 million from its...
Crypto Exchange Binance Builds $1B Insurance Fund After Industry’s Recent Hacks January 31, 2022 By Ben Bartenstein Binance Holdings Ltd. has built up a $1 billion insurance fund for its users amid a barrage of hacks on...
Hackers Seize $80M of Digital Assets From Qubit in Latest DeFi Attack January 31, 2022 By Akayla Gardner More than $80 million of digital assets were swiped from a decentralized finance platform in the latest hack of cryptocurrency...
UK Financial Watchdog to Curb Marketing of Cryptoassets, Other High-Risk Investments January 20, 2022 By Huw Jones and Tom Wilson Britain’s financial watchdog said on Wednesday it planned to curb the marketing of cryptoassets and other high-risk investments, a move...
Cryptocurrency Crime Hit Record $14 Billion in 2021: Research January 6, 2022 By Tom Wilson Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record...
Lockton Creates Digital Asset Protection Team With Brokers, Attorneys October 13, 2021 Insurance broker Lockton Companies announced the formation of special team focused on risk transfer for companies in the evolving blockchain...
Insurers Have Not Yet Embraced Cryptocurrency Craze Despite Demand April 1, 2021 By Noor Zainab Hussain and Carolyn Cohn If Elon Musk’s Tesla wanted to insure all of its recent $1.5 billion bitcoin investment against the myriad of pitfalls...
Software Developers Launching Type of Insurance Cover for Cryptocurrencies March 29, 2021 By Olga Kharif Adventurers in what is perhaps the most lucrative and risky corner of the cryptocurrency world are starting to see a...
Cryptocurrency Crime Drops in 2020 but ‘Decentralized Finance’ Losses Rise: Study January 29, 2021 By Gertrude Chavez-Dreyfuss Losses from cryptocurrency theft, hacks and fraud fell 57% last year to $1.9 billion, as market participants boosted security systems,...