The U.S. has made a rod for its own back with lockdown, and institutional investors already know it, argues Mike Belshe. Coronavirus lockdowns will force people out of fiat currency and into gold and Bitcoin (BTC), the CEO of cryptocurrency asset manager BitGo has warned. In a series of tweets on Aug. 12, Mike Belshe…
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The Twitter hackers left inconspicuous Bitcoin trails leading to and from major exchanges that should be able to uncover their identities. The hackers who conducted the massive Twitter hijacking on July 15 do not appear to be sophisticated Bitcoin (BTC) users, as they left trails leading to and from major exchanges that presumably hold the…
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The Litecoin Foundation announced on May 7 that it would migrate from the multi-sig Electrum-LTC wallet to BitGo’s multi-sig wallet. The Litecoin Foundation announced that it will migrate from the multi-sig Electrum-LTC wallet to BitGo’s multi-sig wallet. According to a May 7 post on the company’s website, the move is due to BitGo’s wallet providing…
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Having trouble finding the right crypto wallet? Here’s Cointelegraph’s list of software wallets and how they differ. Similar to a bank account for fiat currency, a crypto wallet is a personal interface for a cryptocurrency network that provides reliable storage and enables transactions. Whether a cryptocurrency is securely stored or not, much depends on the…
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The Monetary Authority of Singapore exempted a number of crypto payment services from holding a financial license under the Payment Services Act. While Singapore recently adopted specific cryptocurrency legislation — the Payment Services Act (PSA) — in January 2020, it turns out that some crypto firms like Ripple, Coinbase and Binance have been exempt from…
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Crypto custodian BitGo has acquired Harbor, allowing the firm to build out its digital securities capabilities. Digital asset custodial company BitGo recently unveiled its purchase of Harbor, an online platform for digitized securities. “Our vision has always been bigger than wallets and custody,” BitGo CEO Mike Belshe said in a Feb. 18 statement provided to…
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Modern crypto exchanges often have audited financials, chief compliance officers, and seek out regulators without hesitation. Will insurance be the next step? If the crypto sector is to attract more institutional investors, it will need to provide more insurance solutions. This point was driven home anew with the recent news that the Gemini crypto exchange…
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Fresh correspondence from BitGo warns that Bitcoin SV’s February hard fork will make its wallets unable to receive any transactions. Digital currency management company BitGo has told users to move or convert funds they hold in altcoin Bitcoin SV (BSV) due to a compatibility problem. In a blog post on Dec. 18, BitGo said BSV’s…
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Digital asset financial services firm BitGo announces that it will provide institutional-grade custody and wallets for Tron starting on Nov. 8. Digital asset financial services firm BitGo has announced that it will provide institutional-grade custody and wallets for Tron (TRX) starting on Nov. 8. According to the official announcement published on Oct. 14, BitGo has…
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Digital asset financial services firm BitGo will offer secure storage for digital assets under the management of crypto exchange Bitstamp. Digital asset financial services firm BitGo will provide secure storage for crypto assets under management at major cryptocurrency exchange Bitstamp. $100 million insurance policy In a press release on Oct. 9, the Luxembourg-based cryptocurrency exchange…
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