cryptocurrency

Gemini Rolls Out $200M Insurance Policy For Crypto Clients – Law360


Law360 (January 17, 2020, 8:58 PM EST) — Cameron and Tyler Winklevoss’ cryptocurrency exchange Gemini Trust Company LLC has launched its own insurance carrier to shield customers against the loss of their holdings on the company’s offline servers, with coverage of up to $200 million.

On Thursday, Gemini announced that it had established its own captive insurer, Nakamoto Ltd., to cover risks faced by its so-called cold storage custody service, through which customers can store on offline servers the private keys that permit access to their digital currencies. Cold storage contrasts with “hot storage” systems, which are linked to the internet and therefore more vulnerable to hackers.

Insurance broker…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.