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The World Market for Cryptocurrency: 2017-2018 Review & 2019-2024 Forecast with Analysis on Bitmain Technologies, BitGo, NVIDIA Corporation, Ripple Networks, and Coinbase

Dublin, Sept. 09, 2019 (GLOBE NEWSWIRE) -- The "Global Cryptocurrency Market: Analysis By Type (Bitcoin, Ethereum, Ripple, Litecoin, Others), By Constituents (Exchanges, Mining, Wallet and Payment), By Region, By Country (2019 Edition): Opportunities and Forecast (2017-2024)" report has been added to ResearchAndMarkets.com's offering. This report analyzes the Cryptocurrency Market for the historical period of 2017-2018 and the forecast period of 2019-2024. The Global Cryptocurrency Market was valued at USD 856.36 Billion in the year 2018 and is projected to display robust growth represented by a CAGR of 11.9% during 2019-2024.Key factors facilitating high demand of cryptocurrencies include high remittances in developed countries, increasing fluctuation in monetary regulations, and growth in venture capital investments coupled rising awareness among the investors especially in emerging nations.Bitcoin currency holds the major share in the market owing to the growing awareness among Asian investors coupled with availability of larger returns is proliferating the market growth. Moreover, growing usage of alternative currencies such as Ethereum, Ripple and Bitcoin Cash due to their captivating features and models has been major factors backing the growth in the industry.Amongst the regions, Europe accounts for the largest regional share in the global Cryptocurrency market. Key factors driving the robust growth rate in European region include presence of enormous consumer base, and legalization of cryptocurrencies as a medium of exchange in many countries coupled with growing internet penetration, supplementing the market growth of Cryptocurrencies in the region.Scope of the ReportGlobal Cryptocurrency Market (Actual Period: 2017-2018, Forecast Period: 2019-2024) Market Sizing, Growth, Forecast Analysis by Type - Bitcoin, Ethereum, Ripple, Litecoin, Others Analysis by Constituents - Exchanges, Mining, Wallet, Payments Competitive Landscape - Market Share Analysis Regional Cryptocurrency Market - North America, Europe, Asia Pacific, ROW (Actual Period: 2017-2018, Forecast Period: 2019-2024) Market Sizing, Growth, Forecast Analysis by Type - Bitcoin, Ethereum, Ripple, Litecoin, Others Analysis by constituents - Exchanges, Mining, Wallet, Payments Country ...Full story available on Benzinga.com
Benzinga

Bitcoin IRA, Kingdom Trust and BitGo Enter Legal Battle

DigitalIRA.com (Digital IRA) and its affiliate Alternative IRA Services (Bitcoin IRA) have filed a legal action against the companies’ contracted cryptocurrency custodian, The Kingdom Trust Company (Kingdom Trust), for allegedly obstructing Digital IRA clients from transferring their retirement accounts to competitor BitGo Trust. The filing comes a few days after Kingdom Trust filed its own lawsuit against Digital IRA, Bitcoin IRA and qualified custodian BitGo. Investing in Cryptocurrency IRAs Digital IRA is an account service provider that facilitates the purchase, sale and delivery of cryptocurrency assets on behalf of its clients relative to their self-directed Individual Retirement Accounts (IRA), or 401k accounts.  The company allows customers to invest in several different cryptocurrencies, including bitcoin, ether and litecoin, and to manage their IRA through its Bitcoin IRA online platform. Digital IRA is not a custodian, nor is Bitcoin IRA, but instead it’s a middleman that connects its customers to qualified services providers.  Bitcoin IRA, which says that it signed a referral agreement with Kingdom Trust on September 5, 2018, claims in a complaint filed on August 26, 2019, and obtained by Bitcoin Magazine, that Kingdom Trust has intentionally “delayed and obstructed its account holders’ requests to transfer IRA assets to Digital IRA in order to penalize the account holders, continue charging account holders monthly fees during the period of delay and intentionally cause harm to Digital IRA as a competitor.”  Bitcoin IRA alleges Kingdom Trust “has engaged in numerous unfair and deceptive bad faith business practices to penalize those account holders and prevent the transfers from occurring,” including delaying transfers for weeks or months by repeatedly instructing account holders to submit new and different forms, requiring them to make transfer requests by phone call to then place them on hold for 45 to 60 minutes, and engaging in “aggressive sales tactics to intimidate account holders to rescind their transfer requests.” From Digital IRA to BitGo Since June 2019, over 800 Kingdom Trust account holders who are clients of Digital IRA have requested that their retirement accounts be transferred “in-kind” (meaning without liquidating the assets and distributing the proceeds) from Kingdom Trust to rival BitGo Trust, a South Dakota qualified custodian, the suit says.  The complaint also says that Kingdom Trust has sent an email to Digital IRA and Bitcoin IRA’s customers in which the company “intentionally made multiple false defamatory statements regarding Digital IRA and Bitcoin IRA” to justify discontinuing its relationship with Bitcoin IRA, including “falsely claiming that there were ‘multiple reasons for this termination, all of which revolve around the security of our clients and their assets.’”  These “unfair, deceptive, and obstructive business practices” were “designed and intended to cause injury” and have led to “a substantial loss of revenue to Digital IRA,” the complaint says. Kingdom Trust vs. BitGo The suit was filed just a few days after Kingdom Trust filed a civil lawsuit of its own against DigitalIRA.com, Alternative IRA Services and their shared CEO, Camilo Concha, and COO, Chris Kline, as well as BitGo and its cryptocurrency custodial affiliate company BitGo Trust. In the complaint, filed on August 22, 2019, and obtained by Bitcoin Magazine, Kingdom Trust alleges that the companies “improperly obtained Kingdom Trust’s trade secrets” and conspired to “deceive and misappropriate Kingdom Trust clients.”  Kingdom Trust entered into an agreement and plan of merger with BitGo on January 11, 2018, and during the premerger months, it says it had “share[d] company trade secrets with BitGo such as customer lists, policies and procedures, management and marketing strategies, regulatory programs, and other proprietary and confidential information.”  “After receiving extensive proprietary information from Kingdom Trust, BitGo terminated the merger agreement in May 2018,” the complaint says.  Digital IRA and its parent company Digital Asset Group entered into a third-party administrator engagement agreement with BitGo Trust in May 2019, unbeknownst to Kingdom Trust.  Bitcoin IRA, Digital IRA, BitGo and BitGo Trust “colluded and agreed with one another to commit the wrongful acts … to wrongfully and fraudulently convert Kingdom Trust’s clients,” the complaint says.  The suit brings several causes of action, including violation of trade secrets acts, trademark infringement, tortious interference with contractual relations, defamation, unfair competition, conspiracy and breach of contract.  A BitGo spokesperson said in a statement sent to Bitcoin Magazine that the company “do[es] not comment on pending litigation. However, we are confident that when the facts come to light through the judicial process it will be clear that BitGo has committed absolutely no wrongdoing.”  Digital IRA/Bitcoin IRA declined to comment on the ongoing legal disputes.  Bitcoin Magazine reached out to Kingdom Trust for comment but did not receive a response in time for publication. The post Bitcoin IRA, Kingdom Trust and BitGo Enter Legal Battle appeared first on Bitcoin Magazine.
Bitcoin Magazine

Kingdom Trust sues competitor BitGo and Bitcoin IRA for allegedly using its trade secrets to steal clients

Bitcoin IRA allegedly conspired with cryptocurrency custodian BitGo to obtain its competitor Kingdom Trust’s trade secrets and use them to deceive Kingdom Trust clients, according to a lawsuit filed recently.  Kingdom Trust, the older cryptocurrency custodian, is suing Bitcoin IRA and the younger firm BitGo for misleading Kingdom Trust customers into transferring their funds from Kingdom Trust to BitGo, after obtaining Kingdom Trust’s customer lists and other trade secrets. Bitcoin IRA and BitGo had formed a partnership in May 2019 that was previously unknown to Kingdom Trust.  Bitcoin IRA likely acquired Kingdom Trust’s proprietary information through an agreement between the two companies that referred Bitcoin IRA clients to the custodian. This partnership gave Bitcoin IRA access to Kingdom Trust’s client and account information, states the suit. The document also claims that Bitcoin IRA shared these trade secrets with BitGo.  In June 2019, the Kingdom Trust client portal hosted by Bitcoin IRA started to display a link inviting clients to upgrade their accounts. This link in fact directed clients to sign an asset transfer request to move their funds from Kingdom Trust to BitGo, according to the suit.  Bitcoin IRA also allegedly sent emails and letters directly to Kingdom Trust clients and encouraged them to file complaints to banking regulators against Kingdom Trust for delaying transferring their digital assets.  According to the suit, this is not the first time Kingdom Trust’s confidential information was disclosed to BitGo. In 2018, the two companies entered into an agreement in preparation for a potential merger. However, after Kingdom Trust shared “extensive proprietary information” with BitGo, the merger was terminated in May 2018, per the suit. However, in the same month, BitGo announced publicly that it launched its own digital asset custodian independent of Kingdom Trust.  BitGo has not responded to The Block’s request for comments. 
The Block Crypto

Renowned Crypto Custodian BitGo Now Supports EOS Multi-Signature Custody Wallet Services

Cryptocurrency custodian and wallet provider BitGo has announced the launch of multi-signature wallet and custody services for EOS, the eighth largest cryptocurrency by market capitalization. BitGo offers security, custody, and liquidity services that are built on multi-signature security. The company said that it now supports over 200 coins and tokens, allowing institutional clients to hold […]
Bitcoin Exchange Guide

BitGo Launches Multi-Signature Wallet and Custody for EOS

With Addition of EOS, BitGo Now Supports Over 200 Coins and Tokens BitGo, the leader in digital asset financial services, today announced support for multi-signature EOS wallet and custody services. BitGo now supports over 200 coins and tokens enabling institutional clients to hold a broad array of assets. The EOS token is one of the top 10 digital assets by market capitalization, and is used on the largest public blockchain that utilizes the EOSIO blockchain open sourced software, a blockchain protocol focused on transaction speed and scaling for distributed applications. The low cost of transactions and quick transaction times have made EOSIO popular with decentralized app developers, with hundreds of dApps in active use on several EOSIO-based blockchains. EOSIO is published by Block.one, a leader in high-performance blockchain software. "We are pleased to see continued institutional acceptance of digital assets," said Brendan Blumer, CEO of Block.one. "Having trusted and transparent solutions will promote greater participation by businesses and their customers." "At BitGo we are dedicated to ...Full story available on Benzinga.com
Benzinga
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OPINION

Why Do We Need to Wrap Bitcoin?

BitGo, Kyber Network, MakerDAO, IDEX and many other crypto companies partnered to create a Bitcoin-backed Ethereum token, Wrapped Bitcoin. This token will represent BTC, 1 token equal to 1 BTC stored in the custody of BitGo. It could be used to trade BTC on DEXes, the whole administration will be via DAO, similar to Maker system

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DIGEST

Boost VC to invest in 100 crypto startups, People.ai receives $30M, Medici Ventures invests in Minds Inc, Elixxir receives seed investments, Vertex Ventures invests in Binance, Checkmate Capital invests in Bcause, Global Brian supports Omise, Cobo Crypto Wallet raises $13M, $15M for BitGo, TEMCO partners Foundation X, Animoca Brands teams up startups, Silver Cost Basis partners Voyager Digital, 3 strategies for crypto investors, ideas on where to invest, blockchain and crypto investments will grow

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IOTA Introduces Permanode Tech For Long-Term Data-Storage

The IOTA Foundation is taking a major step towards ensuring permanency in the Tangle, announcing a “Permanode” technology called Chronicle. IOTA is designed as a protocol for the permissionless and frictionless exchange of value between machines and humans, with the Tangle acting as a distributed ledger. Using the new permanode technology, users will be able to securely store data, where it will be  “verifiable to third parties for free.”   While some data doesn’t need to be stored for years, decades, or lifetimes, certain sorts of data require greater permanence. “For example,” the IOTA blog explains, “financial data must be stored for 10 years in some cases, and identity data needs to be kept for the lifetime of the identity.”  The IOTA Foundation describes the new permanode technology as a “crucial building block” for enabling these types of use-cases. The Foundation describes Chronicle as the “official permanode solution,” enabling easy access to the Tangle’s entire history, which is stored indefinitely via the technology.  The system is described as a “distributed fault-tolerant permanode that scales out and up…”     source: IOTA Foundation   Chronicle has some unique and interesting use-cases for community members and businesses, such as offering “query as a service.” Node owners might find a new stream of revenue charging IOTA tokens to access Tangle data. Further services could be added through “Multiplex networks,” offering “microservices… that can communicate with public and private dataset(s) under different policies.”  Chronicle is due for a third-party audit to ensure it is ‘water-tight’ before it is released to the public. The IOTA Foundation invites community members to take part in the work, with grants available for “developing and expanding the notion of permanodes.”   source: CoinMarketCap   IOTA joined the altcoin surge today, enjoying a healthy bump of more than 14% in value against USD and BTC over the past 24 hours. The token has enjoyed a positive week, with over 10% growth in USD price over the past seven days.   The post IOTA Introduces Permanode Tech For Long-Term Data-Storage appeared first on Crypto Briefing.
CryptoBriefing

HUGE Altcoin Updates! Stellar, Binance US, Tomochain, Digibyte, NEO, Monero, Bitcoin Bakkt

Binance Adds BNB to Binance US https://finance.yahoo.com/news/binance-us-adding-7th-coin-102155751.html A brief history of the world of crypto. Plus, all of the latest news and updates from the Stellar Developers ecosystem https://medium.com/stellar-community/stellar-dev-digest-issue-14-ea71609a22b0 How TomoChain’s TomoZ intends to take on Ethereum market share! https://twitter.com/TomoChainANN/status/1173152916888096768 https://twitter.com/Altcoinbuzzio/status/1172575745584971777 https://www.altcoinbuzz.io/crypto-news/product-release/how-tomochains-tomoz-intends-to-take-on-ethereum-market-share/ Virtual Rehab with Virtual Reality is now solving real-world problems https://cryptodaily.co.uk/2019/09/apple-entry-blockchain-via-rumoured-vr-project https://www.zerohedge.com/news/2019-09-09/virtual-reality-now-solving-real-world-problems Celer Network and NEO Are Launching a Partnership https://www.altcoinbuzz.io/crypto-news/partnerships/celer-network-and-neo-are-launching-a-partnership/ Bitcoin #Bakkt Tweet https://twitter.com/Bakkt/status/1173683919687966720 Big! #Monero ready to use Zcoin’s Privacy protocol https://www.altcoinbuzz.io/crypto-news/product-release/big-monero-ready-to-use-zcoin-privacy-protocol/ #digibyte lists on UpHold https://twitter.com/DigiByteCoin/status/1173623829652004866 #bitcoin #cryptocurrency #altcoin #altcoins #crypto #btc $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #crypto.com #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news Bitcoin cryptocurrency altcoin altcoins crypto btc $BTC bitcoin price ethereum electroneum enjin crypto.com cardano digibyte bitcoin news btc libra chainlink ripple xrp ripple Binance bitcoin news today crypto news Litecoin cryptocurrency news hpb high performance blockchain $xrp $enj $etn $ltc $dgb $ada NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Celsius Network Offers up To 12% APR on USDC, TUSD, USDT and Other Stablecoins

The Celsius app offers the industry highest rates and supports six different stablecoins all eligible to earn up to 12.03% annually with interest paid out weekly Celsius Network (https://celsius.network/), the industry-leading cryptocurrency platform, announces today it has increased interest rates for stablecoin deposits to 12.03% APR. Users who choose to earn interest in Celsius Network's blockchain-based CEL token can earn up to 30% more than the 9.25% depositors who are paid in-kind on their coins. Celsius is raising its rates because it is consistently earning higher returns on its deposits and distributes 80% of its income to its depositors; as it earns more, it distributes more. Unlike other platforms, ...Full story available on Benzinga.com
Benzinga

VanEck, SolidX Pull Bitcoin ETF Filing From SEC Consideration

Less than two weeks after VanEck and SolidX rolled out the VanEck SolidX Bitcoin Trust ETF (XBTC), a bitcoin exchange traded product aimed at institutional investors, the firms said they're withdrawing plans for bitcoin exchange traded fund aimed at a broader swath of investors. What Happened The ETF issuer and the fintech firm pulled the filing from consideration by the Securities and Exchange Commission on Sept. 13. The agency had delayed an ultimate decision on that product, as it has with various other bitcoin ETF proposals, several times, but was facing a hard and fast deadline of Oct. 18 to approve or disapprove the VanEck SolidX Bitcoin Trust. “Tuesday’s filing marks the second time VanEck and SolidX withdrew the proposed ETF. ...Full story available on Benzinga.com
Benzinga

IOTA Introduces Chronicle Permanode to Amend Scalability Issues

IOTA, a permissionless trust protocol designed to revolutionize the Internet of Things (IoT) ecosystem by facilitating a frictionless exchange of value between machines and humans, has announced the launch of Chronicle, a permanode solution the team hopes will give node operators an unlimited amount of storage space in their Tangle distributed database, according to aRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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