Uno Re to provide 1.5M insurance coverage to Nord Finance
In Uno Re’s effort to bring safety to the broader crypto community, the protocol has recently announced that their long-term strategic partner, Nord Finance, has increased its coverage from $500,000 to $1,500,000. This decision was taken to further enhance the safety of the protocol and the users on the platform against any unpredictable vulnerabilities. The coverage plan currently provides a customized Protocol Cover for Nord Finance’ single-sided staking pool, USDC, USDT and DAI staking pool on the Ethereum Network! Nord Finance will now receive insurance coverage over their entire....
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Russian software architects and entrepreneurs Alex Paperno, Eugene Porubaev and Vlad Kravchuk plan to take the insurance company out of insurance. Their Teambrella, a Bitcoin-based peer-to-peer insurance platform, allows users to provide each other coverage for whatever they want, however they want, and without requiring any trusted intermediaries. Paperno: “Anyone who ever needed a reimbursement knows that insurance companies are actually not interested in paying out at all; it’s not in their benefit to help their customers. We intend to remove that conflict of interest, and make....
They did say that 2014 was the year of bitcoin business adoption, didn't they? Freshly announced: Great American Insurance Group's Fidelity/Crime Division has announced on Monday that they are among the first in the industry to offer commercial coverage (for government entities, too) for bitcoins "as part of its ongoing commitment to meet the evolving needs of its customers." The company writes: Standard crime insurance policies, including Great American's crime policy, currently do not automatically provide coverage for virtual peer-to-peer mediums of exchange. Crime insurance coverage....
Organisations looking to minimize the risks associated with bitcoin can now obtain virtual currency insurance coverage courtesy of Great American Insurance Group. The company's crime policies currently do not cover what it calls "virtual peer-to-peer mediums of exchange". As such, a new form of protective coverage has been made available through its Fidelity/Crime Division to both commercial and government policyholders. Great American explained its decision, stating: "Standard crime insurance policies, including Great American's crime policy, currently do not automatically provide....
Mitsui Sumitomo Insurance has tailored coverage for bitcoin exchanges facing the risks of rampant cyber attacks. This sense of assurance may boost consumers’ confidence — but what else should they know about such coverage? Together with bitFlyer, Mitsui Sumitomo Insurance (MSIG) aims to provide protection to exchanges and their consumers, regardless of....
Nord Finance, a blockchain agnostic platform, is an advanced decentralized financial ecosystem focusing on simplifying decentralized finance products for users by highlighting traditional finance’s key attributes. Deployed on the Ethereum Network, it integrates multi-chain interoperability, thus proposing a plethora of financial primitives, which constitute savings, advisory, loans against assets, investment/funds management, and swaps. Nord Finance is a next-gen advanced decentralized financial ecosystem to serve the rising needs targeting novice users and professionals to meet their....