#insurance

The crypto industry historically suffers from security issues. In 2019 alone hackers stole nearly $300 million from crypto exchanges. Exchanges, wallets, and payment processors have to respond with radical measures from large-scale audits to multi-million dollar insurance programs. In this piece, BDCenter Digital helps us explain how crypto projects protect their users.

The team of InChain, a platform for risks insurance, failed to raise the required funds in its ICO, announcing it would repay the investors. All investors that had supported the project during the ICO will be reimbursed in full.

The ICO of InChain, a platform for insurance of cryptocurrency assets, was postponed for two weeks. It was initially scheduled to start October 12.

Cryptoindustry insurance platform InChain has announced its partnership with LiveCoin exchange.

Andrey Zamovsky, Ambisafe CEO and InChain team member, will be moderating the development section of the Blockchain & Bitcoin Conference Kiev 2016, a major event to be held September 23.

In his recent blog post on Medium Andrei Zamovsky, CEO and developer of Ambisafe, a company that has recently joined blockchain insurance platform Inchain, explains the operation of oracles in Ethereum, as well as their employment in insurance of events beyond blockchain.

The idea of creating an insurance platform for the cryptocurrency industry has been on the front burner for a while. There are plenty of stories telling how blockchain and bitcoin related projects fail because of hackers, insufficient security or simply human errors. All these factors impede the industry’s development, scare people away, and cause mass […]