Insurance – DIGIT INFO

Homeowner fails to sue insurer over $170K crypto theft in appeals court

DIGIT — Fri, 25 Oct 2024 06:06:14 +0000

A United States appeals court said a federal court was right to toss Ali Sedaghatpour’s lawsuit claiming that his insurer, Lemonade Insurance, should cover him for a crypto scam loss.

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Boerse Stuttgart Unveils Insured Ethereum Staking on Bison Platform

DIGIT — Wed, 09 Oct 2024 02:46:16 +0000

European exchange group Boerse Stuttgart has announced a major step into Ethereum staking, offering users a secure, insured way to earn passive income through its Bison trading platform. By partnering with top German firms, Bison enables staking for as little as 0.005 ETH with weekly rewards. The service, currently only in Germany, promises annual returns […]

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UAE’s central bank approves custodial risk insurance product for digital assets

DIGIT — Thu, 12 Sep 2024 13:19:02 +0000

OneDegree executive Robin Scott told Cointelegraph that the insurance covers Web3 asset managers against the risk of losing customer funds.

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What is cryptocurrency insurance, and how does it work?

DIGIT — Sat, 11 May 2024 10:38:00 +0000

Learn how cryptocurrency insurance protects your digital assets from theft, hacks and other risks. Understand the coverage options and how this specialized insurance works.

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Sam Altman-linked Meanwhile Advisors creates BTC private credit fund

DIGIT — Thu, 07 Dec 2023 21:58:32 +0000

The closed fund will offer investors a 5% yield in Bitcoin and lend funds in BTC to institutions.

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Sam Bankman-Fried sues insurance company for defense costs as trial opens

DIGIT — Tue, 03 Oct 2023 18:30:18 +0000

SBF has directors and officers coverage through FTX Trading parent Paper Bird, but now that two companies have paid out $10 million, the third in line is balking, the suit claims.

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Evertas expands crypto insurance offerings to include mining and raises limits

DIGIT — Fri, 02 Jun 2023 19:42:37 +0000

Crypto insurance underwriter Evertas will increase coverage limits to $420 million per policy while adding additional mining coverage.

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Chinese State-Owned Company Launches 2 Crypto Funds in Hong Kong

DIGIT — Thu, 06 Apr 2023 09:19:57 +0000

One of China’s leading insurers has backed the establishment of two crypto investment funds in Hong Kong. The business move comes against the backdrop of the region’s ambitions to become a hub for digital assets, and despite the negative regulatory attitude towards the market in the mainland. Chinese Insurance Giant Enters Crypto Space Through Hong […]

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Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors

DIGIT — Thu, 30 Mar 2023 21:05:00 +0000

Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the debtors. FTX Debtors and Unsecured […]

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FDIC plans to return $4B in Signature crypto deposits ‘by early next week’ — Martin Gruenberg

DIGIT — Wed, 29 Mar 2023 21:00:00 +0000

The Treasury Department’s Under Secretary for Domestic Finance Nellie Liang said at the same hearing she didn’t believe crypto “played a direct role” in the failure of the banks.

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