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“# Yearn Finance continues acquisition spree with Cover ” This morning, Yearn founder Andre Cronje announced the latest in a spate of high-profile mergers and collaborations for the multi-faceted decentralized finance (DeFi) protocol: Yearn Finance will be “joining forces” with market coverage provide Cover. In a blog post, Cronje notes that the merger will be…
“# Decentralized insurance protocol Cover holds vote to cover Pickle hack ” In what might be an important step towards the maturation of the decentralized insurance space, a claim was filed yesterday with DeFi insurance protocol Cover following the $19 million Dai hack of Pickle Finance — and so far, the majority of users want…
“# Etherisc to offer blockchain-based crop insurance to Kenyan farmers ” Today the Chainlink Community Grant program announced funding for a low-cost insurance collaboration between Etherisc, a decentralized insurance protocol, and ACRE Africa, a microinsurance issuer focused on the second-most populous continent on the planet. According to an announcement from Chainlink, the project aims to…
“#AIG gives up $400M in tax credits to settle federal lawsuit” American International Group agreed to give up claims to more than $400 million of foreign tax credits and to accept a 10 percent tax penalty to settle accusations it used abusive tax shelters, the US Department of Justice said Friday. Acting US Attorney Audrey…
“# Bitstamp says its users are now covered against a broad web of crime ” Digital asset exchange Bitstamp has beefed up its insurance measures to combat the inherent uncertainties associated with the crypto space. “The policy covers an array of crime-related cases, such as employee theft, loss while the assets are stored at any premises,…