cryptocurrency News
The Latest Launches From Lloyd’s, Sompo International and Beazley
Lloyd's now offers an insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks. Sompo International Holdings Ltd. said one of its U.S. units partnered ...
Virtual Currency Firm Gemini Launches In-House Insurer to Boost Crypto Asset Cover
U.S. virtual currency firm Gemini Trust Company announced on Thursday that it has launched its own insurance unit to boost coverage against theft of crypto assets. Gemini's new in-house insurer, ...
Arch, Marsh Debut Protection for Digital Asset Private Keys
Arch Insurance (UK) Ltd. and the broker Marsh have launched new insurance protection designed to address the secure storage of digital asset private keys held in traditional vault facilities. The ...
Cryptocurrency Exchange Giant Reports Hack Attack
Binance, one of the world's largest cryptocurrency exchanges, said hackers withdrew 7,000 bitcoins worth about $40 million via a single transaction in a "large scale security breach," the latest in a ...
Cryptocurrency Thefts and Fraud Reportedly Reach $1.2B in Q1
Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion, or 70 percent of the level for all of 2018, ...
U.S. Pension Funds Dive Into Crypto Investing in Potential First-Time Move
Morgan Creek Digital has scored what it says is probably the first investment in the crypto asset universe from a U.S. pension fund. Two pension plans in Fairfax County, Virginia are anchor investors ...
Cryptocurrency Thefts and Scams Reached $1.7B in 2018: Report
Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace ...
Unblocked by the Chain, Smart Ledger Systems Are ‘The Thing’ to Insure
The swollen tide of cryptocurrency mania appears to be receding, leaving perhaps the firmer ground of blockchain behind. But blockchain tides are also turning. Blockchains are slow, expensive and ...