World's first bitcoin storage service that insures deposits of the digital currency loss and theft, has been launched in
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LAUNCED IN 2014
LAUNCED IN 2014
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Answer:
World's first bitcoin storage service that insures deposits of the digital currency loss and theft, has been launched in London in 2014.
Explanation:
The world’s first insured bitcoin storage service has initiated in the UK, with insurance underwritten by Lloyd’s of London.
Bitcoin storage services giving insurance in UK, named elliptic Vault, used “deep cold storage” technique to secure the digital currency. Deep cold storage used both strong cipher and secure physical points.
The insurance offered covers loss of bitcoins, whether due to any negligence by Elliptic or due to theft by a third party.
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