US watchdogs order Voyager Digital to stop making misleading insurance claims

The U.S. Federal Reserve (FED) and Federal Deposit Insurance Corp (FDIC) have ordered Voyager Digital to desist from making false and misleading claims about its insurance status to customers. In a joint letter sent to the crypto firm on July 28, the regulators said misleading information by Voyager Digital about its funds being covered by…

Its pay out time for DeFi insurance

đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! Last week founders from the top DeFi insurance companies, Nexus Mutual, InsurAce, Bright Union, and Amulet, came together to discuss the UST de-pegging event. The Twitter spaces event lasted around an hour and is available in full via the tweet below….

Insurance protocols are paying out millions to UST holders

InsurAce, a DeFi insurance platform that offered cover against a UST de-peg event, has confirmed that they will be paying out $12 million in USDT to users who hold a valid policy. The CMO of InsurAce, Dan Thomson, confirmed to us directly that “we’ll payout and recover fast.” Thomson went on to say, “This shows…

US mortgage lender dumps Bitcoin plans just two months after pilot

A prominent trader makes the case for $8.5k Bitcoin before making new lows A prominent trader known as PentarhUdi accurately called the drop from $10,000 to sub-$6,000 and has called many full Bitcoin market cycles in the past several years, believes BTC is headed to up to $8,500. 3 min read →

Celsius CEO Alex Mashinsky announces self-insurance all its users’ coins

Billionaire Mark Cuban talks about Aave, SushiSwap, and DeFi Billionaire investor Mark Cuban has been under the microscope in the crypto space over the past few weeks as he has started to tweet more about Bitcoin, Ethereum, and now even decentralized finance tokens to his over eight million followers. Nick Chong · 3 days ago ·…