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“# US lawmaker introduces bill for government-backed insurance of ‘qualified’ stablecoins ” House Financial Services Committee member and New Jersey Representative Josh Gottheimer has introduced legislation that would have the Federal Deposit Insurance Corporation back stablecoins in a manner similar to fiat deposits. In a draft of the Stablecoin Innovation and Protection Act of 2022…
“# Binance user protection insurance fund reaches $1B valuation ” Binance, the world’s leading crypto exchange by trading volume, announced its Secure Asset Fund for Users (SAFU) reached a $1 billion valuation. The user protection insurance fund was set up in July 2018 to protect users’ interests. Binance committed a portion of the trading fee…
“#TikTok mom has celebrated her son’s birthday on wrong day for 2 years” A Minnesota mother is sparking hilarious conversation on TikTok after revealing she has been celebrating her son’s birthday on the wrong day. “Here’s a little story to allow all the moms of little out there to maybe feel a little better about…
“#Heidi Klum’s $2M insurance policy on legs, but one is ‘more expensive’” This redefines looking like a million bucks. Taylor Swift isn’t the only celeb with a hefty price on her thighs. In a recent appearance on “The Ellen DeGeneres Show,” German fashion icon Heidi Klum disclosed that a client once insured her legs for…
“# 3 reasons why Nexus Mutual (WNXM) price is holding steady in a volatile market ” There is always going to be risks involved with interacting with cryptocurrencies and recent proof of this can be seen over the past few weeks after savvy hackers managed to abscond with millions of dollars worth of tokens from Bitmart, AscendEX…
“#Life insurance payouts spiked in 2020 — largest rise since 1918 flu pandemic” The COVID-19 pandemic sent life insurance payouts soaring to the highest level in a single year ever in 2020 and drove the largest year-over-year spike since the 1918 pandemic, an industry group said Thursday. Life insurance companies paid more than $90 billion…
“# Hong Kong firm to offer insurance for Asian cryptocurrency holdings ” A major Asian insurer has ventured into Bitcoin (BTC), in an attempt to provide a model for other businesses in the field. Multi-line insurance firm OneDegree announced on Thursday that it is partnering with Hong Kong Bitcoin Exchange (HKbitEX) to provide protection for…
“# Altcoins surge even as Bitcoin and Ethereum price fall toward key support levels ” Price action in the crypto market has not been for the faint of heart over the past 48-hours and it’s clear that volatility following Bitcoin (BTC) and Ether’s (ETH) breakouts to new all-time highs. While the top two cryptocurrencies fight…
“# Risk Harbor set to take over decentralized insurance protocol Ozone on Terra network ” Ethereum-based (ETH) decentralized finance, or DeFi, risk management marketplace Risk Harbor will soon take over control of Terra’s Ozone Protocol, according to a press release published on Thursday. Ozone is a decentralized insurance mechanism that provides coverage in the event…
“# Crypto.com expands insurance program to cover $750M ” Digital currency exchange Crypto.com has expanded its insurance policy to cover up to $750 million worth of digital assets, offering an additional layer of protection for the platform’s 10 million users. The new policy, effective since Sept. 6, is backed by Arch Underwriting, a division with…