Tag: insurance

Is Industry Ready to Insure Bitcoin Technology?

Bitcoin Insurance – Risk Is Always There to Stay No Comments

The London based insurance giant, Lloyd's has recently published a report on the risk factor associated with Bitcoin and other digital currencies. The report titled “Bitcoin – Risk factors for insurance” provides a detailed description of different kinds of threats faced by Bitcoin. According to the company, the security risk associated with Bitcoin will never be reduced to zero. The Lloyd'...


BTER Slated to Pay Back All Stolen Funds through Partnership with Jua.com

BTER Slated to Pay Back All Stolen Funds through Partnership with Jua.com No Comments

Chinese altcoin exchange BTER was the subject of a monster-sized hack last February that saw to nearly $2 million in bitcoins being stolen from the company’s cold wallet reserves.  It was the second largest cyberattack of the year, and many felt sympathy towards the exchange; after all, it was one in a long line of recently victimized exchanges and businesses between MyCoin, Excoin and several ...


Coinbase Logo Blue Center

Coinbase Publicly Announces It's Holding Insurance Against Theft/Loss of Bitcoins No Comments

San Francisco-based Coinbase has published an interesting blog post on Wednesday, which essentially serves a means of comforting its users. In short: the company announced that it holds insurance against both theft and loss of the bitcoin they hold -- much of which belongs to its over one million users. Interestingly enough, however, they say that they have been insured since November of 2013,...


Barry Silbert Says Big Insurance Looking to Offer Products on Bitcoin Exposure No Comments

Barry Silbert, founder CEO of SecondMarket and the Bitcoin Investment Trust, posted an interesting tweet Friday morning indicating that insurance companies may be looking for a piece of the bitcoin pie: Interesting. We're starting to get approached by large, well-known insurance [companies] looking to offer insurance products on bitcoin exposure As the bitcoin realms continues its growth, major ...


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