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.
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The platform stores 98% of customers funds offline to ensure the security of the cryptocurrency assets you purchase and store within Coinbase. On their website, Coinbase assures customers that "sensitive data that would normally reside on our servers is disconnected entirely from the internet." Data is then encrypted, and transferred to USB drives and paper backups, and distributed in safe deposit boxes vaults all over the world.
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^ "A Place To Be: Reflections Of Nick Drake". A Place To Be. Archived from the original on 18 February 2009. Retrieved 18 March 2008. A Place To Be: a collection, a celebration, in film, photography, painting, drawing and prose, of the impact the music of Nick Drake has had on other artists ("Introductory film" includes excerpts of the music video, Black Eyed Dog, by Heath Ledger, among others.)