According to Coinbase Blog, the company will be insured against theft or loss. The insurance includes losses by the reason of breaches in physical security, accidental loss, and employee theft; but it doesn’t contain bitcoin lost or stolen by virtue of an individual user’s negligence. As is known, Mt Gox was hacked at the begining of the year and huge amount of Bitcoin was stolen. As a consequence, the event affected negatively on a large scale all the crypto currency system. Insurance system may prevent to endamagement in the cryptos. As Bitcoin users, we all wish to become widespread the insurance.
