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Insurance

(DALL-E/CoinDesk)
Finance
Nexus mutual
DeFi Insurer Nexus Mutual Demands $2M Refund From Euler Hack Claimants. One User Traded it Anyway
Euler's hacker returned most of the money, putting the insurer that already paid claims in a pickle. Members of Nexus Mutual could get lawyers involved if the $2 million they’...
(DALL-E/CoinDesk)
By Danny Nelson
Apr 12, 2023 at 7:35 p.m. UTC
Apr 12, 2023
Nexus MutualInsuranceOn-chain DataEuler FinanceHack
Coincover co-founders CEO David Janczewski (left) and CTO Adam Smith (Coincover)
Finance
Funding rounds
Crypto Protection Firm Coincover Raises $30M
Silicon Valley investment firm Foundation Capital led the funding round.
Coincover co-founders CEO David Janczewski (left) and CTO Adam Smith (Coincover)
By Brandy Betz
Feb 9, 2023 at 1:00 p.m. UTC
Feb 9, 2023
Funding RoundsVenture CapitalInsurance
(Ricardo Resende/Unsplash)
Consensus Magazine
Opinion
FTX's Failure Highlights Need for Federally Mandated Insurance, Not More Regulation
There is extensive precedent for requiring companies providing critical infrastructure to get special insurance. Why not require crypto companies to back themselves with a mar...
(Ricardo Resende/Unsplash)
By Jared GdanskiRaymond Zenkich
Jan 17, 2023 at 10:16 p.m. UTC
Jan 17, 2023
OpinionRegulationInsuranceWeb3FTX Collapse
Crypto Insurance Firm Raises $14M Despite Bear Market
Video
Insurance
Crypto Insurance Firm Raises $14M Despite Bear Market
Evertas, the cryptocurrency insurance firm that received a nod from Lloyd’s of London earlier this year, has raised $14 million in a Series A funding round led by Polychain Ca...
Crypto Insurance Firm Raises $14M Despite Bear Market
By CoinDesk Inc
Dec 12, 2022 at 6:57 p.m. UTC
Dec 12, 2022
InsuranceLondonPolychain CapitalcdtvHash clipEvertasLloyd
Inside the Lloyd's of London insurance market. (Lloyd's of London)
Finance
Insurance
Crypto Insurance Firm Evertas Bucks Bear Market With $14M Raise
The Series A round was led by Polychain Capital and also included SinoGlobal Capital, Morgan Creek and Balaji Srinivasan.
Inside the Lloyd's of London insurance market. (Lloyd's of London)
By Ian Allison
Dec 12, 2022 at 2:00 p.m. UTC
Dec 12, 2022
InsuranceVenture CapitalSino Global CapitalPolychain Capital
Compass Mining's booth at Mining Disrupt in Miami in July 2022. (Eliza Gkritsi/CoinDesk)
Finance
Compass mining
Compass Mining Launches Bitcoin Miner Protection Plan
The plan is initially available to customers hosted in Texas, South Carolina, Nebraska and Oklahoma.
Compass Mining's booth at Mining Disrupt in Miami in July 2022. (Eliza Gkritsi/CoinDesk)
By Eliza Gkritsi
Dec 1, 2022 at 3:00 p.m. UTC
Dec 1, 2022
Compass MiningMining CentersBitcoin MiningInsurance
(Getty Images)
Web3
Web3
Crypto Custodian Aegis Trust Offers $25M Insurance Policy for NFTs
The policy, provided by insurance marketplace Lloyd’s of London, will protect institutional investors’ NFTs.
(Getty Images)
By Cam Thompson
Nov 22, 2022 at 5:00 p.m. UTC
Nov 22, 2022
Web3InsuranceNFTs
WASHINGTON, DC - JUNE 6: The entrance to the Federal Deposit Insurance Corporation (FDIC), located across the street from the Eisenhower Executive Office Building, is viewed on June 6, 2017 in Washington, D.C. The nation's capital, the sixth largest metropolitan area in the country, draws millions of visitors each year to its historical sites, including thousands of school kids during the month of June. (Photo by George Rose/Getty Images)
Layer 2
Bank run
Crypto Needs an FDIC-Like Protocol to Prevent Liquidity Crises
How does the FTX fallout resemble the history of bank runs?
WASHINGTON, DC - JUNE 6: The entrance to the Federal Deposit Insurance Corporation (FDIC), located across the street from the Eisenhower Executive Office Building, is viewed on June 6, 2017 in Washington, D.C. The nation's capital, the sixth largest metropolitan area in the country, draws millions of visitors each year to its historical sites, including thousands of school kids during the month of June. (Photo by George Rose/Getty Images)
By Adam Hofmann
Nov 15, 2022 at 10:10 p.m. UTC
Nov 15, 2022
Bank RunOpinionInsuranceFDICFTX
Aon arranged insurance cover for digital assets in cold storage with Copper. (Shutterstock)
Finance
Copper
Crypto Custody Firm Copper Inks $500M Insurance Deal With UK Giant Aon
The deal provides cover for employee collusion, third-party theft and physical loss of or damage to digital assets held by the London-based company.
Aon arranged insurance cover for digital assets in cold storage with Copper. (Shutterstock)
By Will Canny
Nov 9, 2022 at 7:00 a.m. UTC
Nov 9, 2022
CopperCustody ServicesInsuranceAon
(Rachel Sun/CoinDesk)
Layer 2
Money reimagined
‘Crypto CAT Bonds’ – A Killer App for Digital Assets?
Innovative crypto insurance could deliver a reliable interest rate-determined return to crypto investors, while helping close the reinsurance funding gap with tens of billions...
(Rachel Sun/CoinDesk)
By Michael J. Casey
Oct 28, 2022 at 5:02 p.m. UTC
Oct 28, 2022
Money ReimaginedNewslettersOpinionInsuranceBermudaStakingDeFi