CRYPTOCURRENCY
Ensuro Leverages USDC to Enhance Insurance Accessibility for Underserved Populations
Ensuro, using USDC, is revolutionizing insurance by making it more inclusive and capital efficient, especially for underserved populations.
Oracle Unveils Cloud Service to Streamline Data Exchange for Health Insurers
Oracle introduces the Health Insurance Data Exchange Cloud Service to help insurers simplify data exchange and reduce IT costs.
BitMEX to Transfer Bitcoin Insurance Fund to New Addresses
BitMEX announces the transfer of its Bitcoin Insurance Fund to new addresses, ensuring transparency and security for its users.
HKMA Broadens Mortgage Insurance Programme Eligibility Criteria
The Hong Kong Monetary Authority has expanded the eligibility criteria of the Mortgage Insurance Programme.
Hong Kong Sets 50% Insurance Mandate for Crypto Exchanges
Hong Kong's SFC mandates 50% insurance coverage for licensed crypto exchanges, with OSL and HashKey Exchange leading compliance by securing extensive insurance policies for customer asset protection.
FDIC Mandates New Signage for Digital Platforms Starting 2025
The FDIC has updated its signage requirements, mandating digital display of a new black and navy blue sign on websites, apps, and ATMs from 2025 to align with modern banking practices.
dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI
dYdX deployed $9 million from v3 insurance fund to cover YFI market liquidations, suspecting targeted attack and market manipulation. No user funds affected, insurance fund remains at $13.5 million.
SBI Holdings to Launch Investment Fund for Emerging Companies like Web3, AI, and Metaverse Startups
SBI Holdings plans to invest 100 billion yen in startups focusing on Web3, AI, and metaverse, with financial institutions supporting Japan's goal to nurture its startup ecosystem and enhance its Asian startup hub position.
FTC Settles with Voyager Digital Over Misleading FDIC Claims, Former CEO Charged
The FTC settles with Voyager Digital, barring it from handling consumer assets post allegations of misleading FDIC insurance claims. The settlement highlights regulatory efforts to ensure transparency in the crypto industry amid a broader crackdown on deceptive practices.
US Officials Consider Expanding Deposit Insurance Coverage
US officials are discussing the possibility of expanding deposit insurance beyond the current cap of $250,000 to cover all bank deposits, according to Bloomberg. However, sources have said that such a move is not necessary at the moment, as recent steps taken by financial regulators are likely to be sufficient. This potential strategy is being considered in case the current situation worsens.