slavaan Posted February 21, 2019 #1 Posted February 21, 2019 This is just fantastic news! Now the crypto company BitGo begins to offer insurance on digital assets, which obviously include cryptocurrencies like Bitcoin! https://all-stocks.net/digital-asset-insurance-is-now-available-with-bitgo/ This is really a great day for crypto because it will certainly bring more mainstream investors into the crypto world now that they would feel much more secure to invest in it. This can turn out to be really big, isn't it?
williamshennie9 Posted February 22, 2019 #2 Posted February 22, 2019 I would think that this is a very risky industry to operate in. I mean, given the volatility of bitcoin, and other cryptos, these companies could lose a lot if the market swings the wrong way.
skillex Posted February 22, 2019 #3 Posted February 22, 2019 Great share. This is really a great news for cryptocurrency as we know that BitGo is a global financial leader in terms of providing various digital asset services. Hope this can change the point of view people are seeing or treating the crypto today.
bmg Posted March 3, 2019 #4 Posted March 3, 2019 wow that is great to hear. But i have to agree with william on this when he says that does seem a bit risky.
Kate Posted March 3, 2019 #5 Posted March 3, 2019 So basically , what I get from this is when someone losses a value of bitcoin invested the loses will be compensated by the company ? Like how is that profitable to them ?
bicoinman Posted March 3, 2019 #6 Posted March 3, 2019 nice new guys .. thanks for sharing us .i will remember
wry Posted March 3, 2019 #7 Posted March 3, 2019 I think the main problem is how secure is Bitgo? So while I am glad that there is more support for the crypto community, I think a big problem is that main line financial firms are still staying away. I'm glad this is starting to change with things like Fidelity starting to offer custodial services and who knows where the JPM and Goldman Sachs work will go, but more of the latter is needed.
wry Posted March 5, 2019 #8 Posted March 5, 2019 Oops! Looks like BitGo didn't have as much insurance as they claimed! This article lays out how they exaggerated the amount of insurance they had. The big limitation is that it has NO coverage for third party hacks, exactly the kind of things that have plagued all of cyrpto land since the start. Oh well... Link: https://www.coindesk.com/crypto-custodian-bitgo-exaggerated-insurance-coverage-underwriter-claims
675675 Posted September 25, 2019 #9 Posted September 25, 2019 funny and what's next all purchases only for cryptocurrency
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