Crypto Execs Need Liability Insurance

New research from the digital currency insurance firm, Evertas, shows that a surveyed group of investors managing roughly $78 billion in collective assets believes that during the next five years, institutional investors will “dramatically” increase their crypto asset holdings. This week the crypto asset insurance company Evertas published a cryptocurrency survey that included a number of institutional investors who collectively manage $78 billion in assets. The survey’s participants included ultra-high net worth individuals, custodians, traditional financial....

AIG offers Cyber Insurance. American Insurance Group, aka AIG, has announced that it is now offering a new type of insurance policy, one that will compensate companies and individuals, that have suffered losses due to cyber attacks that damage property and harm people. Tracey Alloway, writing from New York Financial Times, reports that this new insurance policy is the first of its kind from a major international insurer and offers a level of cover beyond that previously available. In the past policies were available but they only covered corporate losses arising from data breaches. At the....

The U.K.-registered EXMO exchange is one of the many crypto startups to go through the FCA approval process. Execs detailed the work it took to get there.

Does distributed presence create distributed liability? Does participation in a blockchain based decentralized autonomous organization (DAO) subject you to worldwide liability? While a one-sized fits all rule isn't possible, it may help to understand what jurisdiction means and how Courts acquire it.[1] (If you're trying to understand why this even matters, you'll find this author's views on the subject in an earlier post titled "How to Sue a DAO"). 1. What is jurisdiction anyway? Jurisdiction refers to a Court's authority to apply laws to disputes between parties and to do so in....

Polkacover, the ingenious platform that bridges the gap between traditional insurance companies and crypto-insurance products has just launched its Demo Decentralized Application, demonstrating how users can connect with several insurance providers offering global insurance products such as crypto-related protection, health, life, and more, with ease. Polkacover is the first decentralized insurance marketplace for the DeFi […]