As decentralized finance (DeFi) continues to evolve, the integration of insurance primitives emerges as a crucial element in mitigating risks. By establishing robust insurance frameworks, DeFi can enhance user confidence, driving greater adoption and long-term sustainability.
As cryptocurrency adoption surges, insurance companies are rapidly developing policies to address the rising risks of kidnap and ransom linked to digital assets. This shift reflects growing concerns over security in the volatile crypto landscape.
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Insurers could face losses of up to $4 billion due to the collapse of a major bridge in Baltimore, according to an analyst at insurance industry research firm, Conning & Co. The collapse has drawn comparisons to the 2018 collapse of the Morandi bridge in Genoa, which led to significant insurance claims. The Baltimore bridge collapse could result in similar losses for insurers, with potential claims related to property damage, business interruption, and liability.
Startup AnchorWatch has raised $3 million to accelerate the mainstream adoption of multisig blockchain technology. This tech promises to revolutionize the insurance industry, granting people more control over their funds.
A game-changing breakthrough in the crypto world has been announced: Fully-insured, risk-free crypto staking, developed by Germany’s leading financial players. This development is set to revolutionize the digital asset industry.
Thomas Shewchuck of cryptocurrency asset security platforms Bitshure and Evertas shares his insights on the need for cryptocurrencies miners to properly insure their operations.