Latest Posts with Insurance tag

Insurance

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Aave in Discussion of Risk Tranches for its Safety Module

11 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Governance members of decentralized lending protocol Aave (AAVE) may consider risk-based insurance packages as part of its safety module system, according to a discussion during a community call held on Jan. 8. The community call was celebrating Aav...

Are You Covered? Insurance Platforms For Dex and Smart Contract

26 Dec 2020 2 minute read 4 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

Today we will see platforms (tokens) that perform an insurance function and therefore protect our crypto (and also smart contracts). In Centralized exchanges (Binance, Coinbase, Kraken, etc) if the tokens are lost ... the blame falls on the website m...

What is a cover protocol and why is it unique?

23 Dec 2020 1 minute read 2 comments arro

About COVER Protocol   COVER Protocol ($COVER) is a peer to peer coverage market for DeFi (decentralized finance). It allows DeFi users to be protected against smart contract risk, stabilizes DeFi space by instilling confidence and trust between pro...

Nexus Mutual Hacker Wants 10x in Ransom

17 Dec 2020 1 minute read 8 comments Abhimanyu Krishnan

The hacker who targeted Nexus Mutual CEO Hugh Karp and stole $8.3 million has asked for a ransom of 4.5k ETH, or around $3 million, according to a message embedded in the Ethereum transaction. The embedded message reads “Hello Hugh. I will not sell...

Hacker loots over USD 8 million in NXM - CEO sends 370,000 tokens to the wrong address

15 Dec 2020 3 minute read 0 comments Overmind

An unknown hacker stole NXM tokens worth over USD 8 million today from the personal wallet of High Karp, the CEO of DeFi insurance company Nexus Mutual. This incident caused the price to drop by 15-20%.   Nexus Mutual CEO falls victim to hackers Acco...

Awesome news for Tron Chain community !

1 Dec 2020 1 minute read 3 comments Deamonia

Hello guys, yesterday afternoon Andreas K. announce 2 big news on the YouTube channel of Eclipcity, for the Tron Chain community. They will be adding a free mining UME pool for task done by Tron Chain community. What that mean ? Every week they will...

Yearn Finance and Cover Protocol Will "Work as One" Following Merger

30 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

The Yearn.Finance (YFI) and Cover Protocol (COVER) projects have announced a merger that will see the two teams' development agendas work in tandem, according to a blog post published on Nov. 28. Andre Cronje, founder of Yearn.Finance, said that the...

P2P Insurance Network Cover Protocol Executes Claim for Pickle Finance Hack

25 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized insurance coverage network Cover Protocol announced on Nov. 24 that its users had successfully agreed to payout a coverage for the Pickle Finance hack that occurred on Nov. 23. Cover Protocol will cover some of the funds from the $20 m...

Why to hold CIVIC (CVC)?

21 Nov 2020 1 minute read 0 comments Stat1c

Everyone is asking why we should hold civic token? Here is the answer for you guy's! Civic is not only a wallet token but it also has a future functionality it is also  Governed by a staking mechanism designed to ensure compliance and good behavior w...

This Indian company launched insurance against online scams

14 Oct 2020 1 minute read 3 comments Blindworld

Recently India's reputation was tarnished across the world after news about scam call centers operating in-country broke out. but now one of the countries to insurer launched a new policy in partnership with an e-commerce platform. On paying a premiu...