Kennedys – Cryptocurrency on corporate balance sheets: D&O and E&O underwriting and claims considerations

Author - Various

As of May 26, 2021, the estimated market capitalization of the cryptocurrency market exceeded USD 1.7 trillion despite recent market fluctuations. There is growing interest by a wide range of publicly traded companies in incorporating crypto into their business models given the ongoing market development. For example, NVIDIA is manufacturing specialized computer processors designed for mining cryptocurrency. Samsung has developed its own Samsung Blockchain Wallet to facilitate the management of crypto asset holdings on Samsung mobile devices.