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CNBC’s Crypto Trader, Ran NeuNer states that the collaboration of BitGo and the University of Michigan, indicate that institutions are doubling down on the cryptocurrency ecosystem.
NeuNer notes that the University of Michigan’s plans to re-invests in cryptocurrency and BitGo’s announced that the firm will provide $100 million of insurance to cover digital assets. These two in themselves indicates that the institutional growth and maturation of cryptocurrency.
BitGo recently announced that Lloyd’s of London is underwriting up to $100 million of insurance coverage per claim for lost, stolen or damaged private keys. The said Digital Asset Insurance will cover investments in Bitcoin, Ethereum, XRP, Litecoin, Stellar, Bitcoin Cash, Dash, Zcash, Bitcoin Gold and Bitcoin SV.
NeuNer calls it the most significant and under-reported story of the past wee...
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