Cryptocurrencies & Blockchain / General

Insurance Market's Hesitation: A Deep Dive into the Crypto Protection Conundrum Post-FTX Collapse

The FTX debacle, which saw the once-mighty $23-billion crypto exchange crumble, has cast a long shadow over the insurance sector's approach to crypto enterprises and assets. This incident, coupled with the historical setbacks like the *Mt. Gox hack and the **DAO attack, has intensified the already complex insurance landscape for digital assets.

Take small bites

The meteoric rise of crypto assets like Bitcoin and Ethereum saw thousands of retail investors flocking to virtual crypto exchanges to get their fix; most of them just in time to suffer though one of the asset classes many ‘50% or greater’ corrections. Despite staggering volatility across the asset class, financial advisers now find themselves inundated with requestions from clients who want to know whether they can include crypto assets in their investment and savings portfolios, and if so, how much?

Crypto gold rush: Profit-hungry pioneers seek fortunes amid modern-day threats

Many still perceive cryptocurrency as a novel and unconventional form of currency. It operates within an environment that lacks the safety and regulation found in traditional financial systems.

Institutional investors and wealth managers plan to boost crypto investments