First Crypto Criminal Case Involving Attack on a DEX’s Smart Contract
Criminal Case Involving Attack on a Decentralized Exchange. Shakeeb Ahmed used his expertise to defraud the exchange and steal approximately $9 mn in cryptocurrency
Smart Contract
What Is a Smart Contract? A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network.
These basic components are the properties (static and variable), the logic and the ledger. Each of these components can be mapped directly into technical concepts. Properties represent a data schema, logic represents code, and the ledger corresponds to a database.
How Blockchain and Smart Contracts Transforms Insurance and InsurTech?
Smart contracts for digital insurers are getting a lot of attention these days. They offer a faster, safer, and less expensive way to provide cover
Since the war began, global reinsurers have bundled risks from Ukraine, Russia, and Belarus, excluding them from reinsurance contracts. This has reduced available capital and hindered economic stability
4 years after the pandemic began in 2020, many countries still report higher death rates. For Life and Health (L&H) insurance, this poses a challenge
The positive reinsurance market outlook comes from de-risking as much as pricing with changes in terms and conditions, rising attachment points and tightening of wording
ILS market remains a significant capital source for reinsurers in 2024. Alternative capital estemated at $110 bn, with the catastrophe bond market growing to $45 bn