The other 2% of customer funds, held online, are covered in the event of a breach of Coinbase's online storage. Also, Coinbase holds all customer fiat currency in custodial bank accounts, on behalf of customers. So, if you have fiat currency in Coinbase, in a USD wallet, it is covered by FDIC insurance up to $250,000 (just like a "regular" bank). This protects customer assets (so long as they have been converted to fiat currency) even in the event of Coinbase becoming insolvent.
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At a news conference at the 2007 Venice Film Festival, Ledger spoke of his desire to make a documentary film about the British singer-songwriter Nick Drake, who died in 1974, at the age of 26, from an overdose of an antidepressant. Ledger created and acted in a music video set to Drake's recording of the singer's 1974 song about depression "Black Eyed Dog" – a title "inspired by Winston Churchill's descriptive term for depression" (black dog); it was shown publicly only twice, first at the Bumbershoot Festival, in Seattle, held from 1 to 3 September 2007; and secondly as part of "A Place To Be: A Celebration of Nick Drake", with its screening of Their Place: Reflections On Nick Drake, "a series of short filmed homages to Nick Drake" (including Ledger's), sponsored by American Cinematheque, at the Grauman's Egyptian Theatre, in Hollywood, on 5 October 2007. After Ledger's death, his music video for "Black Eyed Dog" was shown on the Internet and excerpted in news clips distributed via YouTube.
^ Cazzulino, Michelle (29 March 2008). "Heath Ledger's Gambit to Be a Director". The Daily Telegraph. Retrieved 24 April 2008. It was an opportunity tailor-made for Ledger, Scott said. 'The movie is about chess, and what is a little known fact is Heath was very close to being on the grandmasters level. He was a chess whiz, and he intended to get his grandmaster rating before he started shooting the picture.' However Australian grandmasters Ian Rogers described the claims of Ledger being close to grandmaster strength as "ridiculous and false claims, disproved multiple times", Tweet by Ian Rogers, 28 July 2018.
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Coinbase recently announced that its customers in supported jurisdictions can send, receive, buy, and sell the USD Coin stablecoin (USDC) on its website and mobile applications. This marks Coinbase first entry into stablecoins, which have a fundamental difference as compared to other cryptocurrencies. A USDC is pegged to the price of a single US dollar (USD). Coinbase explains that one USDC is represented by one USD on the Ethereum blockchain.
Essentially, if you are interested in trading in digital currencies but don't want to get bogged down in the underlying technology, products like Coinbase are a way to begin a foray into a new form of currency speculation and investing. You do, however, lose some of the advantages of trading in a cryptocurrency and through the blockchain. On Coinbase, you have no pseudo anonymity—your name is attached to your Coinbase account and so is your bank account, so transaction history is relatively easy to track down. And if you're not working on the blockchain, there's not much you can do to ensure that the verification of your transaction history or your account is taking place on the blockchain. You are, instead, placing trust in the intermediary, in this case, Coinbase.
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^ Boucher, Geoff; Gold, Matea; Lieberman, Paul (23 January 2008). "Ledger's death is a shock to Hollywood, fans". Los Angeles Times. Retrieved 2 April 2009. Minutes after the news of Ledger's death broke, several hundred people gathered outside the Broome Street apartment building where Ledger had been living ... television crews and area residents were joined by fans, including some Brooklyn acting students.