Posts in category

BitGo


The stakes must have seemed high already in 2013, when the largest bitcoin wallets safeguarded by blockchain security provider BitGo held about $10 million-worth of the cryptocurrency. Later on, in 2015 they crept up to around $100 million. And what had perhaps been unthinkable in the years previous, by 2017 the largest crypto wallets in BitGo’s charge …

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Crypto security startup BitGo has received approval in the U.S. to act as a qualified custodian for digital assets. The company, which has spent most of 2018 attempting to launch a regulated custodian entity, announced that the BitGo Trust had been approved by the South Dakota Division of Banking on Thursday, meaning it can now offer …

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Crypto security startup BitGo’s latest technology – “predictive UTXO management” – sounds technical, but it’s got an end goal that everyone will understand: cutting crypto fees. Revealed exclusively to CoinDesk, BitGo is the first mainstream crypto company adopting a spin on “coin selection,” a scaling technology that’s been one of many touted as a way to …

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Crypto security and storage startup BitGo is adding zcash to its platform, the firm announced Wednesday. The privacy-focused cryptocurrency joins a number of major crypto assets on the startup’s platform, which offers a multi-signature wallet and custodial products and services for users that include institutional clients. Just last week, the company also added support for 57 …

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2017 was a wake-up call for bitcoin supporters to say the least. With so many people using the software amid a price boom, the fees for sending transactions swelled higher than ever before, even rising to as much as an average of $26 for a single transaction. It was a road with too many cars, …

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The wider world of crypto tokens is becoming a bit more accessible to institutional investors. The security startup BitGo exclusively told CoinDesk on Tuesday, July 10, it will expand its suite of custody products and services to support 57 new ethereum assets, a move driven by demand for services that safeguard private keys – the …

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Cryptocurrency startup Nexo, which is backed by TechCrunch founder Michael Arrington, has launched a cash-based lending platform. Announced Monday, Nexo provides loans or extends a line of credit using its own assets, said managing partner Antoni Trenchev. To that end, the startup raised $50 million from investors, which will be used to provide liquidity to the company’s …

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Blockchain security company BitGo’s chief technology officer announced he was stepping down Friday afternoon. Starting next week, the startup’s co-founder Ben Davenport will no longer have a full-time position at the company, though he will remain as an advisor, he said in a statement. He said he intends to spend some time with his family …

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Mason Borda has been into initial coin offerings (ICOs) since the beginning. Yet, the former BitGo software engineer, who helped set up Augur’s wallet for its token sale in 2015, was hesitant to enter the market himself until last summer. That’s when Borda, and security veteran James Poole, started building TokenSoft, a platform for helping …

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Blockchain security startup BitGo is acquiring a digital asset custodian based in South Dakota that holds more than $12 billion in assets. The firm announced today that it had struck a deal, subject to final approvals, to acquire the Kingdom Trust Company as well as Kingdom Services. The acquisition comes on the heels of BitGo’s …

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GDAX has started trading Bitcoin Cash (BCH) this morning as of 9 AM PST, with little fanfare. The status update page for GDAX indicated that all initial testing had concluded as of 11:25 AM, with full functionality being restored. The addition of BCH on GDAX follows the addition of the hard fork coin on the …

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BitGo, the maker of multi-signature cryptocurrency wallets for enterprises, has closed a $42.5 million Series B funding round in a sign that demand has at last arrived for institutional-grade services in the market. Led by Valor Equity Partners with participation from Bill Lee and David Sacks, the round of venture capital brings BitGo’s total funding …

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Cryptocurrencies can be novel from the point of view that they bring their own nomenclature into existence, which makes users who do not know about these terms nervous or filled with anxiety. Add to this, the confusion that media generates surrounding certain events like hard forks, which are just a change to a protocol of …

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Jameson Lopp, the lead developer at BitGo, a Blockchain security company, has calculated that Bitcoin would rank 32nd globally for its value in circulation. He created a clone money supply aggregator M1 Index, similar to This puts it ahead of Singapore and South Africa, and just behind Finland and the UAE. By creating a clone …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Cryptocurrency wallet service BitGo has announced its policy on the upcoming SegWit2x hard fork, which is scheduled to take place on approximately November 16. In a blog post, BitGo co-founder Mike Belshe stressed that although the company “would very much like to …

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Bitcoin hardware wallet TREZOR is ending its BitPay integration over what its CTO describes as “playing games” with its API. In Twitter posts Thursday, Pavol Rusnak said that because BitPay could potentially rename the SegWit2x chain ‘BTC,’ Trezor would no longer display its tickers. The hardware wallet had adopted a cautious approach to SegWit2x, while …

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