Topic: #insurance
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Zhibao Closes $154.7M Raise Entirely in Bitcoin
Nasdaq-listed Zhibao Technology, a Shanghai-based insurance-tech firm, closed a $154.7 million private placement funded entirely in cryptocurrency, with non-U.S. investors contributing 2,380 Bitcoin directly to the company wallet rather than cash.
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Red Sea insurance premiums double amid Houthi blockade
War risk insurance premiums for Red Sea shipping have more than doubled in recent days as Iran-backed Houthi rebels intensify attacks on vessels linked to Saudi Arabia and Israel, forcing many shipping companies to reroute around the Cape of Good Hope.