Post by miamianne67 on Jul 16, 2018 12:36:52 GMT
Today's WSJ reports "Thefts of Cryptocurrencies Mount"
Pursuant to attacks Bithumb, (So. Korea) they report that they have lost over $30 million in the "currency" despite enhanced security measures followingnumerlous attacks and attempts by the company to enhance security...even moving a lot of it offline...... Since 2011 56 known cyberattacks.....most recently on July 9th hackers swiped $23.5 million in the crypto currency from the Israeli platform Bancor....four out of seven attacks this years aimed at Asian exchanges which are most active.....with over $800 million missing....a spreading potential risk for investors everywhere including USA......Unlike stock exchanges....cryptocurrencies often store the currencies for their customers....etc.
Which brings to mind bitcoin insurance. There are a plethora of articles because we have no FDIC here. A sample:
What You Need to Know About Insuring Bitcoin - IA Magazine
www.iamagazine.com/.../read/.../what-you-need-to-know-about-insuring-bitcoi...
May 24, 2017 - Because these currencies are purely digital and hold a variable market value, insurance coverage for loss or theft of bitcoin presents both an ...
My question: would it undermine my potential bitcoin investment were I to stuff it in my mattress?
Miami
Pursuant to attacks Bithumb, (So. Korea) they report that they have lost over $30 million in the "currency" despite enhanced security measures followingnumerlous attacks and attempts by the company to enhance security...even moving a lot of it offline...... Since 2011 56 known cyberattacks.....most recently on July 9th hackers swiped $23.5 million in the crypto currency from the Israeli platform Bancor....four out of seven attacks this years aimed at Asian exchanges which are most active.....with over $800 million missing....a spreading potential risk for investors everywhere including USA......Unlike stock exchanges....cryptocurrencies often store the currencies for their customers....etc.
Which brings to mind bitcoin insurance. There are a plethora of articles because we have no FDIC here. A sample:
What You Need to Know About Insuring Bitcoin - IA Magazine
www.iamagazine.com/.../read/.../what-you-need-to-know-about-insuring-bitcoi...
May 24, 2017 - Because these currencies are purely digital and hold a variable market value, insurance coverage for loss or theft of bitcoin presents both an ...
My question: would it undermine my potential bitcoin investment were I to stuff it in my mattress?
Miami