Insure Bitcoin: Secure Insured Wallets Now Available
Image problem for Bitcoin? Bitcoin has an image problem! A problem of its own making and it's a bad image, one that, to some extent, it deserves. The cryptocurrency Bitcoin has gone from a value of cents to being worth over $1,000, and in less than five years. It has now dropped back to less than $500 and, here is the thing, it's not the first time the currency has done this. In 2011, Bitcoin went from 30 cents to $32 before slipping back to $2. People remember the drop because bad news sells papers and a drop of $30 or almost 94% is a great headline, frightening, isn't it. If the currency....
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Cryptocurrency is a world full of “firsts”. Bitcoin was the first coin, Litecoin was the first scrypt coin, Peercoin first established POS, Darkcoin was the first successful privacy centric coin, things like that. Today I’m here with Robert Murray, owner and founder of Umbrella Holdings. Umbrella plans on releasing cryptocurrencies which will help insure losses against Bitcoin and Litecoin right now, with potentially more in the future. Umbrella is an insured cryptocurrency that is designed to be merged-mined alongside a parent coin, usually the industry leader in terms of market cap for....
CoinHako, which bills itself as "the easiest way to buy and sell Bitcoins in Singapore," is now also the safest way to store them, as they have contracted with BitGo to secure their wallet. BitGo, as CCN readers may be aware, is the world's leading secure Bitcoin wallet, insured by XL Group. CoinHako was excited to announce the new partnership, which will insure their customer's holdings against loss by theft or hacking. In a press release this morning, they said: We believe this is a big step forward for the industry, given the recent occurrences in other exchanges like Mt. Gox. Our....
Umbrella Holdings: Insure your Cryptocurrencies! Umbrella is an insured cryptocurrency that is designed to be mined with a parent coin. It is usually the industry leader in terms of market cap for its algorithm. Umbrella differs from other cryptocurrencies by automatically sending a portion of each block reward to a secure wallet. Once the exchange is deemed secure, they guarantee all Umbrella Holdings while held on exchange. It’s important to note, while any exchange can list Umbrella cryptocurrencies, only certified have gone through the security audit and are insured. David Berger,....
The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies. The United States Federal Deposit Insurance Corporation, or FDIC, has issued an advisory informing the public it “does not insure assets issued by non-bank entities, such as crypto companies.”In a Friday notice, the FDIC advised banks in the U.S. that they needed to assess and manage risks in third-party relationships with crypto firms. The government agency said that while deposits at insured banks were covered for up to $250,000, no....
Coinbase is one of the world's most popular bitcoin wallet touting an impressive 2.1 million users since its short inception in June, 2012. Their face paced growth has made it the target of proponents, critics, and now, cyber criminals. A suspicious email has recently been sent to an unknown number of Coinbase users, advertising an investment product with a guaranteed return of 150%. The emails were sent with the subject line, "We've got a message for You." The contents of the email are riddled with grammatical and syntax errors, an early warning sign that it may be fraudulent. As the....