Polygon

InfinityDAO Moves Toward US$1 Billion Insurance Protection for IDL Ecosystem
19 Aug

InfinityDAO Moves Toward US$1 Billion Insurance Protection for IDL Ecosystem

Shruti JoshiBusiness, , , , , , ,
UK-Based Specialist Crypto Insurance Programme Designed to Cover Token Default, Platform Default, Crime & Theft, and Directors & Officers Risks Mumbai (Maharashtra) [India], August 19: InfinityDAO, the AI-driven decentralized-finance ecosystem behind the IDL token, is moving to establish an institutional-scale insurance protection programme with an aggregate insured value of up to US$1 billion, marking a significant step toward stronger risk management, user protection and institutional credibility within the digital-asset market. Underwriter final policy issuance, underwriting terms, limits and exclusions, the insurance structure is being arranged through a UK-based specialist crypto insurance syndicate and is intended to provide multiple layers of…
Read More
Under Covid Crisis, Crypto shows Its True Value
20 May

Under Covid Crisis, Crypto shows Its True Value

C, English, World, ,
Singapore, May 20: It started with a tweet from Sandeep Nailwal. “Can’t take this sitting down anymore” the tweet said. “I am going to run a COVID relief campaign in lieu of what is going on in India...I will take full responsibility for transparency, funds usage and regulatory compliance…” Nailwal is the cofounder of Polygon (previously Matic), India’s first crypto unicorn. Like many in the crypto community, he was wondering how cryptocurrency and blockchain could help during India’s Covid crisis. During Covid Crisis, Time Counts and Crypto Delivers India’s active Covid cases now stand at over 20 million and with…
Read More