Insurance
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Blockchain
Obol eyes institutions with insurance partnership for distributed ETH validators
Obol Labs has partnered with crypto insurance platforms Relm and Chainproof to offer insurance for Ethereum stakers that use Obol’s…
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Scams
FTX’s ‘Insurance Fund’ Was an Arbitrary, Made-Up Number, According to Co-Founder Gary Wang: Report
What FTX listed as its “Insurance Fund” was actually a fake amount calculated with the help of a random number…
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NFT
CNA Insurance excludes NFTs from coverage of $20M trust policy
CNA Financial, the seventh-largest commercial insurer in the United States, has excluded nonfungible tokens (NFTs) coverage from Schwab Strategic Trust’s…
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Regulation
FDIC orders OKCoin to correct misleading insurance claims
The U.S. Federal Deposit Insurance Corp. (FDIC) has issued a cease and desist letter to OKCoin, warning the exchange about…
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DeFi
DeFi insurance claims amounted to $34.4 million in 2022: Report
Analytics firm OpenCover’s report revealed that DeFi insurance companies paid out $34.4 million in claims in 2022. As per a…
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Regulation
FDIC tells CEX.IO to redact insurance promises
Cryptocurrency exchange CEX.IO has received a cease-and-desist order from the FDIC, as seen in a letter published by the U.S.…
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