Tabit Insurance, an insurance company founded by former Bittrex executives, has raised $40 million in reserves

Odaily Planet Daily News: Tabit Insurance, an insurance company founded by former Bittrex executives, has raised $40 million in reserves, consisting of Bitcoin, to conduct traditional insurance and reinsurance business. It is reported that Tabit Insurance mainly provides Bitcoin supported liability insurance and is also a regulated risk underwriting institution that relies on Bitcoin reserves to develop traditional insurance denominated in US dollars. The company holds a Level 2 insurance license issued by the Barbados Financial Services Commission. （CoinDesk）