Insurance

SFOX Join Hands With M.Y. Safra Bank to Offer New FDIC Protection

SFOX Join Hands With M.Y. Safra Bank to Offer New FDIC Protection

SFOX (a cryptocurrency prime dealer institution) has partnered with a M.Y. Safra Bank of New York which will give SFOX traders to access insurance through the United States government’s Federal Deposit Insurance Corporation (FDIC) worth up to $250,000. Its CEO Akbar Thobhani posted: “This partnership with M.Y. Safra Bank represents another step forward in our mission to provide our clients with the best place to trade cryptoassets,”

Decentralized AI, SingularityNET Teams-up with Ping An Insurance

Decentralized AI, SingularityNET Teams-up with Ping An Insurance

A collaboration was established between a decentralized artificial intelligence (AI) project, SingularityNET and a financial giant based in China, Ping An Insurance. Bai Meng explained, “Ping An Technology and SingularityNET have reached the intention to collaborate in the field of Artificial Intelligence, possible future directions for collaboration include (but are not limited to) OCR and model training.”

Insurance keeping Crypto Industry Low

Insurance keeping Crypto Industry Low

The Traditional investment industry is more secure due to its insurance, crypto industry is naccent are more vulnerable to the risk of hacks and thefts which are keeps insurers away. Henri Arslanian, PwC fintech for Asia says“Most institutionally minded crypto firms want to buy proper insurance, and in many cases, getting adequate insurance coverage is a regulatory or legal requirement”