🚀 Crypto Insurance Firm Meanwhile Secures $40 Million in Series A Funding
#CryptoInsurance #Funding #SeriesA #Bitcoin #LifeInsurance #BlockBeats #FrameworkVentures #FulgurVentures #Xapo #Investment #BTC
According to BlockBeats, crypto insurance company Meanwhile has successfully raised $40 million in a Series A funding round. The investment was led by Framework Ventures and Fulgur Ventures, with participation from Xapo crypto bank founder Wences Casares.
Meanwhile offers life insurance policies that operate similarly to traditional life insurance. Policyholders pay monthly premiums calculated by actuaries. However, instead of using bank accounts or checks, payments are made through Bitcoin wallets. In the event of the policyholder's death, beneficiaries receive the payout in Bitcoin.#CryptoInsurance #Funding #SeriesA #Bitcoin #LifeInsurance #BlockBeats #FrameworkVentures #FulgurVentures #Xapo #Investment #BTC
🚀 Insurance Firms Develop New Policies Amid Rising Threats to Cryptocurrency Holders
#Insurance #Cryptocurrency #Security #CryptoInsurance #KandRInsurance #DigitalAssets #ProtectiveMeasures
According to PANews, a surge in violent attacks targeting cryptocurrency holders is prompting insurance companies to introduce new protective measures. Recent incidents, such as the prolonged detention and torture of an Italian tourist in New York and an attempted kidnapping involving the family of a French cryptocurrency executive, highlight the tangible security threats facing the crypto industry. At least three companies specializing in crypto insurance and security are reportedly preparing customized kidnap and ransom (K&R) insurance policies for digital asset investors.#Insurance #Cryptocurrency #Security #CryptoInsurance #KandRInsurance #DigitalAssets #ProtectiveMeasures
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🚀 Insurance-Backed Staking Products Aim to Mitigate Risks for Traditional Finance
#InsuranceBackedStaking #TraditionalFinance #StakingRisks #ETH #CESR #CryptoInsurance #InstitutionalYield #StakedETH #Collateralization #StructuredDesigns
CoinDesk columnist Jordan Knecht highlights that some traditional financial institutions perceive staking as fraught with risks such as forfeiture, downtime, operational failures, and unpredictable returns. According to ChainCatcher, these concerns lead them to either hold spot ETH or avoid related assets altogether.
Knecht notes that a new generation of insurance-backed staking products is emerging, using the Composite Ether Staking Rate (CESR) as a benchmark. These products are underwritten by regulated insurance entities, making staked ETH resemble institutional yield products rather than crypto experiments. CESR, developed by CoinDesk Indices and CoinFund, serves as a daily standardized benchmark rate to assess the average annualized yield of ETH validators.
Chainproof, in collaboration with IMA Financial Group, offers policies that compensate for returns falling below CESR and provide coverage in case of forfeiture. These arrangements also support strategies involving collateralization, rebalancing, and structured designs based on staked ETH.#InsuranceBackedStaking #TraditionalFinance #StakingRisks #ETH #CESR #CryptoInsurance #InstitutionalYield #StakedETH #Collateralization #StructuredDesigns
🚀 Soter Insure Launches Ethereum-Based Insurance for Validators
#SoterInsure #Ethereum #CryptoInsurance #Validators #Staking #ETH #Blockchain #GalaxyDigital #DigitalAssets #DeFi #CryptoSecurity #Insurance
Digital asset insurance provider Soter Insure has announced the launch of an Ethereum-denominated insurance product. According to ChainCatcher, this initiative was developed in collaboration with Galaxy Digital and targets the core risks associated with validators facing asset forfeiture due to protocol violations during Ethereum staking. The insurance aims to offer security for Ethereum validators and institutional stakers, with premiums and claims settled in ETH. This approach addresses the inadequacy of traditional dollar-denominated insurance in covering risks when ETH prices rise, thereby eliminating the 'currency mismatch risk.'#SoterInsure #Ethereum #CryptoInsurance #Validators #Staking #ETH #Blockchain #GalaxyDigital #DigitalAssets #DeFi #CryptoSecurity #Insurance