Cryptoasset Insurer Evertas Receives License to Operate in Bermuda June 10, 2020 Cryptoasset insurer Evertas has received a license from the Bermuda Monetary Authority to start operating from the jurisdiction. Evertas’ operations...
New Insurer Relm Offers Cover for Cryptocurrency, Cannabis Businesses March 3, 2020 Relm, a Bermuda-based insurer that specializes in emerging business categories, has opened its doors for business. The new business, which...
Lloyd’s Launches Cryptocurrency Wallet Insurance Policy March 2, 2020 Lloyd’s has launched an insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks. The...
Gemini, Seeing Insurance As Key to Future of Virtual Currency, Starts Own Captive January 16, 2020 By Suzanne Barlyn U.S. virtual currency firm Gemini Trust Company announced on Thursday that it has launched its own insurance unit to boost...
Cryptocurrency Fraud Losses Surge to $4.4 Billion: CipherTrace Report December 2, 2019 By Gertrude Chavez-Dreyfuss Cryptocurrency theft has surged in 2019 compared with last year, with more money flowing through digital exchanges and criminals looking...
Arch Insurance (UK) and Marsh Launch ‘Blue Vault,’ Insurance Cover for Digital Assets September 19, 2019 Arch Insurance (UK) Ltd., in collaboration with Marsh, the insurance broker and risk adviser, announced the launch of Blue Vault,...
UK Markets Regulator Warns of Dangers of Unregulated Cryptocurrencies August 1, 2019 By Huw Jones and Tom Wilson Britain’s markets watchdog said on Wednesday that bitcoin and other cryptocurrencies have no intrinsic value and offer consumers few protections,...
Munich Re to Offer Coverage for Curv Digital Assets, Cryptocurrency May 17, 2019 Curv, a cloud-based institutional digital asset wallet service, has partnered with Munich Re to provide insurance protection of up to...
Hackers Steal 7,000 Bitcoins Worth $40M from Cryptocurrency Exchange Binance May 8, 2019 By Eric Lam Binance, one of the world’s largest cryptocurrency exchanges, said hackers withdrew 7,000 Bitcoins worth about $40 million via a single...
Losses from Cryptocurrency Thefts, Fraud Surged to $1.2 Billion in Q1: Report May 1, 2019 By Gertrude Chavez-Dreyfuss Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to...