The Crypto Startup Guarding Against Another Quadriga Dilemma

The Crypto Startup Guarding Against Another Quadriga Dilemma

Assessment

Interactive Video

Business

University

Hard

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The video discusses the challenges of negotiating insurance for digital assets, particularly with Lloyds of London. Bitgo, a trust company regulated in South Dakota, has been addressing these challenges by building trust and security in digital assets. The company has introduced insurance for digital assets, a complex task due to the lack of precedent. Bitgo's investors include major firms like Goldman Sachs. The video also covers Bitgo's insurance coverage, which includes cold storage, and addresses the QuadrigaCX case, highlighting Bitgo's security measures to prevent similar issues.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges does the insurance industry face when dealing with digital assets?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does Bitgo ensure the security of its customers' accounts?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the insurance policy offered by Bitgo?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does Bitgo's approach to account management differ from traditional methods?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures does Bitgo take to prevent issues related to private keys?

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