DeFi Risk Assessor Sherlock Raises $1.5M in Pre-Seed Funding

The fundraising was led by IDEO CoLab Ventures, with participation from A.Capital Ventures, Scalar Capital and DeFi Alliance.

Opium, UMA to Launch Decentralized Insurance for SpaceX Flights

Opium is to offer a DeFi derivatives contract allowing users to hedge against the risk of a failed SpaceX launch.

Auto Insurer to Allow Policyholders to Send, Receive Payments in Bitcoin

San Francisco-based Metromile will purchase $10 million worth of bitcoin to offer policyholders an option for payment of claims.

Insurance Alternative Nexus Mutual Follows DeFi Activity to Polkadot, Cosmos, Binance Smart Chain

The Ethereum-based platform for covering losses from DeFi hacks and other flubs is expanding to other chains.

BitGo Adds $600M in Insurance Capacity to Comfort Big-Time Bitcoin Holders

Bolstered by a wave of institutional crypto investors, BitGo is in a race against its peers to add insurance coverage.

AXA Switzerland Allows Customers to Pay in Bitcoin

The insurance provider says it will have the crypto converted into Swiss francs, instead of carrying BTC on its balance sheet.

Linux Foundation, Insurance Group Roll Out Platform to Cut Costs Using DLT

Besides cutting costs, the project aims to provide a standardized data repository for insurance analytics.