BitGo Announces $100M Insurance for Its Customers' Crypto Assets Through Lloyd’s of London

Photo: BitGo / Medium Security of digital assets remains one of the main issues for cryptocurrency holders. This type of assets is still rather new for a wide audience which causes a number of worries and concerns. A new wave of fears was caused by the situation with the major Canadian crypto exchange. This month,…

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BitGo Joins Universal Protocol Alliance

The Goldman Sachs funded Crypto Custodial service BitGo has joined the Universal Protocol Alliance, it was announced yesterday. The Universal Protocol Alliance is a group of companies promoting the Universal Protocol Platform that enables interoperability across blockchains. One problem in the cryptocurrency economy is the walled gardens of the different coins and blockchains. One cannot…

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Crypto Wallet Service BitGo Joins Universal Protocol Token Platform

Crypto financial services company BitGo will support the Universal Protocol Platform and its tokens. The UP Platform allows all cryptocurrencies to become accessible on a single network through the introduction of Universal Tokens.  The first set of tokens to be supported include the Universal Bitcoin (an ethereum-based version of bitcoin), and two Stablecoins — the…

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Crypto Custodian BitGo Adds Support For Universal Protocol Platform’s Ethereum Tokens

Blockchain security and crypto wallet firm BitGo has announced that it will support the Universal Protocol Platform and its family of tokens. The UP platform was launched earlier this year by the Universal Protocol Alliance, a coalition of cryptocurrency companies and blockchain pioneers, including Uphold, Brave Software, Cred, Blockchain at Berkeley and FBG Capital. The…

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BitGo Banks on Stablecoins in a Bid to Win Over More Institutions

Photo: BitGo / Medium Blockchain security firm and cryptocurrency wallet BitGo is expanding its suite of stablecoins custody offerings. The latest stablecoin coming to BitGo is the Gemini Dollar (GUSD). Besides this, BitGo already offers custody services for many other stablecoins like Circle’s USD Coin (USDC), MakerDAO’s DAI, TrustToken’s TrueUSD (TUSD), and Paxos Standard (PAX). This is…

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Goldman Sachs, Michael Novogratz to Create $1 Trillion Crypto Wallet With BitGo

Goldman Sachs and Galaxy Digital Ventures led the $58.5 million fundraising of BitGo Holdings Inc., bringing it a little closer to realizing the creation of a $1 trillion crypto wallet. American investment bank Goldman Sachs Group Inc. and Galaxy Digital Ventures, a venture capital fund founded by one of its previous partners, cryptocurrency believer and…

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Crypto Custodian BitGo Adds Dash Support

Blockchain security firm BitGo has added Dash to its expanding list of currencies, making it the first multi-signature wallet and custodial solution to support the cryptocurrency. Founded in 2013, BitGo offers an enterprise-grade, multi-sig, multi-user bitcoin wallet, as well as API access to its underlying security platform. The company claims to have over $2 billion…

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The $1 Trillion Wallet: BitGo's Big Plan to Secure the Biggest Bitcoin Fortunes

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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BitGo Receives Regulatory Approval to Custody Crypto Assets

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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Lloyd's of London Insures Cryptocurrency Custody Service Kingdom Trust

According to the institutional cryptocurrency storage platform Kingdom Trust, the company is now insured by the world’s largest insurance marketplace, Lloyd’s of London. The Kentucky-based alternative asset custody service, Kingdom Trust, claims to hold assets worth $12B that consist of 30 digital currencies under its wing. Also Read: Crypto-Backed Lending Platform Blockfi Approved to Operate in…

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Blockchain Security Firm, BitGo, Now Supports Privacy-Centric Zcash Cryptocurrency | BTCMANAGER

BitGo, a California-based blockchain security firm offering institutional grade custodial services for a variety of cryptocurrencies, is now supporting Zcash, as announced by the firm on July 25, 2018. Security Meets Privacy Created in 2013 by Mike Belshe and Ben Davenport, BitGo claims to be the world’s largest processor of on-chain bitcoin transactions, handling a…

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The Bitcoin News Show #71 – Poloniex Aquired by Circle, ASICBoost Patent, AMD Needs GPU Miners

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