US Crypto Giant Coinbase Details $255 Million Customer Insurance Coverage Program

2019-4-3 14:26

Coinbase is taking the threat of criminals hacking activity seriously, and to prove it, the exchange revealed the details of its crypto insurance policy program this week. It’s held a hot wallet policy with a $255 million limit since 2013.

The policy is facilitated through Lloyd’s of London. In a post about its insurance, the exchange’s Chief Information Security Officer, Philip Martin, stated: The data is clear that, today, the most likely consumer loss scenario for any cryptocurrency company is hot wallet loss due to hacking. Worst Case Scenarios Covered Coinbase’s insurance policies give its customers some peace of mind that

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Источник: ccn.com

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Coinbase Confirms Crypto Insurance Coverage Worth $255 Million for Hot Wallets

The largest U. S.-based crypto exchange, Coinbase, has recently revealed some of the details pertaining to its insurance coverage for cryptocurrencies. The Vice President of Security of the company, Philip Martin, has recently affirmed that the coverage of the company covers up for $255 million USD in assets in hot wallets. Fortunately, only less than […]

2019-4-3 04:25


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Stronghold and ibm plan to launch FDIC-insured stablecoin

Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. The stablecoin is also purportedly protected by FDIC Insurance, something no other stablecoin or cryptocurrency company — bar Coinbase and Gemini — can claim. As an exchange, Stronghold acts as a Stellar network anchor,

2018-7-18 00:41


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