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Cryptocurrency boom stokes insurer interest, Coincover funding the latest cue

Originally published at: Cryptocurrency boom stokes insurer interest, Coincover funding the latest cue - Daily Fintech

The cryptocurrency industry has been on a roll, peaking at a market capitalization of $2.2 trillion this April. Motivated by its growing popularity, major corporate investors evinced an interest. Tesla acquired $1.5 billion of bitcoin (BTC) in January 2021 while MicroStrategy stockpiled $2.2 billion of BTC. Insurers slow to enter the crypto world, are warily…