Elliptic, a London-based digital virtual currency services firm, announced this week that it has secured insurance coverage through Lloyd’s of London for Bitcoin deposits made into its “deep cold storage” vault.  This is an encouraging first step to address a pressing need—insurance—in the digital virtual currency space, but, as the saying goes, the devil is in the details.  For users of the vault and other digital virtual currency companies seeking similar insurance coverage, consideration should be given to several details, some known and some unknown.
Continue Reading Insurance Coverage Available for Bitcoin Deposits – Devil is in the Details