Nexo, in partnership with Mastercard, recently launched the first “Dual Mode Crypto Card”, providing crypto-based debit and credit services in the European Economic Area (EEA). It promises added user benefits but also faces regulatory challenges, exposing the delicate balance of crypto innovation and legal compliance.
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Crypto Insurance Expansion: Game-Changer or Hacker Magnet? Weighing the Pros and Cons
New York-based Evertas expanded its cryptocurrency insurance coverage from $5 million to $420 million for crypto custodians and exchanges, following authorization from Arch Insurance International. This significant increase offers improved risk management and addresses safety concerns in the industry, potentially driving wider adoption of cryptocurrency.
Evertas Crypto Insurance Expansion: Boon for Blockchain and Mining Operations
Evertas, a crypto insurance underwriter, has expanded its offerings by increasing coverage limits to $420 million and including mining operation coverage up to $200 million per policy, making it the highest available in the market. The firm aims to provide accessible and comprehensive insurance to the growing blockchain and cryptocurrency sectors.