News with the tag "Insurance"

The crypto industry is on the precipice of mainstream adoption. But, like many exciting innovations from previous eras, this technology brings new risks. And these new risks must be mitigated before crypto can achieve its full potential. During the Industrial Revolution, steam power drove immense pr...

In the fast-evolving world of cryptocurrency, new frontiers are constantly being explored. One such exciting development is the integration of Bitcoin into the proof-of-stake ecosystem through networks like Babylon. While this opens up new opportunities for earning yield on your Bitcoin, it also int...

The Federal Reserve is taking a major step back from monitoring banks’ crypto activities. In a new press release , the regulator says it is withdrawing four previous statements and letters regarding the Fed’s expectations of banking crypto activities. “The Federal Reserve Board on Thursday announced...

The Federal Deposit Insurance Corp. will no longer instruct banks to get prior sign-off before they engage in crypto activities — a standard that was set in 2022 and that effectively severed institutions from the digital assets sector as they waited for approvals that never came. The FDIC, which is ...

Digital-asset insurance broker Native said it arranged $25 million of blockchain-based cover against hacks for Team Rizzo, an operator of machine-learning businesses and staking validator services on Bittensor, the popular cryptocurrency-driven AI network . The London-based company acted as a broker...

Even as venture capital funding for the industry continued to fall in 2024, many fintechs–especially those serving other businesses—flourished. Here’s the Forbes Fintech 50 for 2025.

President Donald Trump is just about done naming the key figures he's seeking to get into financial regulation posts that will direct the future oversight of the crypto industry, now including lawyer Jonathan Gould as a nominee to run the Office of the Comptroller of the Currency that oversees U.S. ...

The crypto industry can likely look forward to two more agencies falling into line on its digital assets policy aims: the Office of the Comptroller of the Currency, which is one of the chief U.S. banking regulators, and the Consumer Financial Protection Bureau, where the lights are effectively being...

The chief lawyer of U.S. crypto exchange Coinbase (COIN) testified about the abuse of authority from regulators who erected barriers between banks and crypto firms in a hearing of the House Financial Services Committee on Thursday, marking the latest advance in the digital assets industry's reversal...

As U.S. senators prepared to gather for a hearing about U.S. debanking of crypto clients, the interim chief of the Federal Deposit Insurance Corp. said his agency is overhauling its digital assets supervision and revealed more correspondence on Wednesday in which FDIC officials steered banks away fr...