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Updated at 2/20/2019 1:02:24 PM UTC
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Crypto Startup BitGo To Provide Llyod's Insurance Cover For Digital Assets



U.S.-based digital asset financial services firm BitGo is partnering British insurer Llyod's of London to provide insurance protection for cryptocurrencies and digital assets such as Bitcoin held in their Business Wallet and Custody offerings. Llyod's is providing insurance for up to $100 million of custodial assets held by either BitGo, Inc., or BitGo Trust Co.
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Slideshow1-Bitcoin-062016-sm.jpg Bitcoin, once dismissed as something reserved for geeks and the cryptography enthusiasts, is back in the limelight, as the price of the cryptocurrency appreciated in recent weeks.