Insurance – Page 4

Altcoins surge even as Bitcoin and Ethereum price fall toward key support levels

Altcoins like XYO, CRO and WNXM are capitalizing on BTC and ETH’s consolidation by moving higher.

Crypto.com expands insurance program to cover $750M

The insurance policy is one of the largest in the cryptocurrency industry, reflecting heightened consumer protection standards.

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The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’

All of the ‘Big Three’ credit agencies have said that El Salvador’s adoption of bitcoin could affect the country’s credit rating in a negative manner. After both Moody’s and Fitch Ratings published reports on the matter in El Salvador, S&P Global said that the bitcoin adoption has had “immediate negative implications for its credit rating.” […]

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Ruler and Cover DeFi protocol closes down amid mass developer exit

DeFi insurance protocol Ruler and Cover pledged to share the remaining treasury funds to token holders.

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Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance

Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers and Insurers in Search of Digital Yuan Use Cases China Construction […]

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Big Three Credit Agency Fitch Warns El Salvador Adopting Bitcoin Will Negatively Affect Insurers

Fitch Ratings, the American credit agency and member of the ‘Big Three’ credit agencies, has published a paper on El Salvador’s adoption of bitcoin and making the crypto asset legal tender in the country. Fitch believes that after the country enforces the new tender law it will face “volatility risk” alongside “regulatory and operating risks” […]

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Fitch Ratings warns El Salvador’s ‘Bitcoin Law’ will pose risk to local insurers

Fitch warned that mainstreaming Bitcoin without clarity can introduce volatility and operational risks for Salvadorans.

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Digital insurer Metromile follows through with $1M Bitcoin purchase

In May, the company said it intended to allocate $10 million towards Bitcoin in the second quarter of 2021.

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Digital Transformation Law Draft Would Allow Users to Pay Mortgages With Crypto in Spain

A new proposal of a digital transformation law, written by a group of lawmakers in Spain would introduce the possibility of paying mortgages with cryptocurrency. The law draft also gives different incentives for companies and organizations using and developing solutions using these technologies, including tax cuts. Banks are also included in the regulation, and the […]

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China Offers Medics Digital Yuan Insurance Policy for Covid-19

China’s first insurance policy using the digital yuan for settlement has been issued in Shenzhen, local media reported. The new product, targeting medical personnel exposed to coronavirus risks, is offered by the country’s largest insurer, Ping An. The financial giant also has fintech and healthtech entities under its umbrella. Ping An Teams Up With Bank […]

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