27 Jan '14, 1pm

Bitcoin Startups Seek Ways To Provide FDIC-Style Insurance

London-based Bitcoin wallet, Elliptic , began offering customers deposit insurance offered by Lloyd's of London on January 9th. If Elliptic loses a customer's Bitcoin due to mismanagement. Lloyd's of London will provide a reimbursement in a government-backed currency. San Francisco-based Bitcoin wallet provider Coinbase stores some 97% of the Bitcoin under the company's management offline. The idea is that by taking the data the represents Bitcoin offline it can't be stolen by hackers. Trezor and Butterfly Labs are working on a technological solution called "Bitsafe." Bitsafe is a piece of hardware that carries a Bitcoin wallet, but it is designed so that other software can't be installed. The idea is that hackers won't be able to break into this hardware in the same way as they would on a laptop or a mobile phone.

Full article: http://www.businessinsider.com/as-bitcoin-grows-in-popula...

Tweets

Bitcoin Backers Seek FDIC-Style Insurance

Bitcoin Backers Seek FDIC-Style Insurance

americanbanker.com 22 Jan '14, 5pm

Print Email Reprints Comment Twitter LinkedIn Facebook Google+ WASHINGTON — A diverse group of entrepreneurs is trying to ...

Bitcoin and the Fictions of Money

Bitcoin and the Fictions of Money

bits.blogs.nytimes.com 27 Jan '14, 2pm

Ethan Miller/Getty Images The D Las Vegas casino recently announced that it would accept Bitcoins. How should we think abo...

Bitcoin

Bitcoin

coindesk.com 27 Jan '14, 10am

Last year, bitcoin was nothing more than funny-money criminals used to buy drugs and weapons. Well, that was the story tha...

We the Internet: Bitcoin developers seed idea for Bitcloud

We the Internet: Bitcoin developers seed idea f...

phys.org 27 Jan '14, 10am

The system's currency would be called "cloudcoins." These, they said, would be much like bitcoins as the currency of the B...

Companies and Charities Unite to Promote Bitcoin in Africa

Companies and Charities Unite to Promote Bitcoi...

coindesk.com 26 Jan '14, 12pm

How can for-profit companies and charities work together to promote bitcoin awareness in the developing world? A handful o...

Will luxury brands embrace Bitcoin?: Luxury bra...

luxurydaily.com 28 Jan '14, 9am

Bitcoin placard Luxury brands have been notoriously diffident when picking up emerging technologies, acting only when the ...

Bitcoin targets payments business of giants Vis...

thespec.com 26 Jan '14, 4pm

WASHINGTON — Entrepreneurs from Silicon Valley to Wall Street say they don't care much for Bitcoin as a currency to suppla...

In Praise of Bitcoin, With Little Regard for Banks

dealbook.nytimes.com 28 Jan '14, 9pm

Craig Ruttle/Associated Press Cameron Winklevoss, left, and his twin brother, Tyler, testified on Tuesday at a hearing abo...

About 320 startups are now involved in maintaining or tracking the bitcoin eco-system.

About 320 startups are now involved in maintain...

blogs.wsj.com 22 Jan '14, 9am

Bitcoin has triggered a wave of warnings from central bankers since the online currency started gaining, well, currency la...

DealBook: In Praise of Bitcoin, With Little Reg...

dealbook.nytimes.com 28 Jan '14, 9pm

Craig Ruttle/Associated Press Cameron Winklevoss, left, and his twin brother, Tyler, testified on Tuesday at a hearing abo...

Bitcoin

Bitcoin

mobile.nytimes.com 21 Jan '14, 5pm

Editor’s note: Marc Andreessen’s venture capital firm, Andreessen Horowitz, has invested just under $50 million in Bitcoin...

Bitcoin

dealbook.nytimes.com 21 Jan '14, 4pm

Keith Bedford/Reuters Marc Andreessen, a co-founder of the venture capital firm Andreessen Horowitz. Editor’s note: Marc A...