BitGo

A blockchain security offering a multisignature bitcoin wallet.

World latest news

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 […] The post BitGo Joins Universal Protocol Alliance appeared first on Coinjournal.
CoinJournal

BitGo Now Supports Universal Protocol Alliance Stablecoins

BitGo, a leading blockchain security and cryptocurrency custodian based in California, has formed a strategic alliance with the Universal Protocol Alliance. The partnership will enable BitGo to offer support for the latter’s cryptoassets, including its U.S. dollar (UPUSD) and euro-pegged (UPEUR) stablecoins, according to a Business Wire press release on December 6, 2018. BitGo Supports Universal Tokens Per sources close...Read More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
BTC Manager

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 Universal Dollar (UPUSD) and the Universal Euro (UPEUR). “We’re pleased to be supporting a standard that can help move the crypto community forward by solving issues of interoperability and the safeguarding of crypto assets,” said Mike Belshe, CEO, BitGo. Currently, digital assets like bitcoin and ethereum exist on separate blockchain platforms and cannot interact with one another. Thus, separate blockchain projects are unable to collaborate in any meaningful way without complex workaround solutions. The UP Platform looks to solve this issue and allow all cryptocurrencies to become accessible on a single network through the introduction of Universal Tokens. The Universal Platform is created by the UP Alliance, a group of blockchain companies including Uphold, Cred, Blockchain at Berkeley, Brave, and FBG capital. “We’re thrilled to welcome BitGo’s support of the Universal Platform standard and its family of Tokens,” said Dan Schatt, chairman of the UP Alliance. “BitGo’s experience and thought leadership will help support the Alliance scale its services to support the growing retail and institutional crypto community.” “The early days of the internet were very similar to the world of blockchain today, with many different technology platforms fragmented and incapable of communicating with one other,” said JP Thieriot, President of the UP Alliance and co-founder of Uphold. “We believe that the Universal Protocol Platform is a technology that has the potential to connect blockchain technologies, much like the breakthrough of the TCP and IP protocols that drove the internet towards mass adoption.” The UP Platform will publish the value of its assets in custody in real-time on a public blockchain. The reserve will also be subject to quarterly third-party audits that will be shared with the community to demonstrate the financial soundness of the Proxy Token ecosystem.  
BlockTribune

BitGo Hires Trust Company Veteran as CEO of Its Custody Arm

BitGo has a new CEO for its custody business.The cryptocurrency solution provider has recruited Richard Corcoran as its new chief executive officer. Having retired some years back after over 30 years in the traditional banking and finance industry, Corcoran has come out of retirement to lead the BitGo Trust Company, BitGo's crypto custody arm.BitGo received approval from the South Dakota Division of Banking in September 2018, empowering it to act as a qualified custodian of digital assets for its institutional investors. At the time it was launched, BitGo Chief Compliance Officer Shahla Ali said that BitGo's Custody would deliver “modern security for modern assets.”  BitGo CEO Mike Belshe highlighted the influence Corcoran would have on the firm, noting in the press release that he possesses a “deep understanding of the opportunities and value creation that BitGo offers to its institutional customers.”Corcoran, who brings over 30 years of wealth management experience to BitGo, will be based in South Dakota, a state he knows well, having attended undergrad in South Dakota and spent most of his professional career working in the state. As a trained attorney, Corcoran cut his teeth with business law firm Woods, Fuller, Shultz & Smith, where he spent 10 years, before switching to the First National Bank as executive VP of Wealth Management, both roles were in South Dakota. As VP, Corcoran led a team responsible for managing a $4 billion trust and a full-service investment brokerage department. Having just retired from the First National Bank, Corcoran is coming out of retirement to work in an industry that is, in many respects, antithetical to his old beat.When questioned on why he decided to join the blockchain industry, having just retired from the Trust business two years prior, Corcoran told Bitcoin Magazine that he was impressed with BitGo's leadership and how far the company had come."I was enjoying retirement this past year and wasn't seeking new opportunities. But I was so impressed by both Mike Belshe and BitGo's achievements, and I wanted to be a part of this exciting company that is delivering the highest levels of both security and regulatory compliance." Corcoran would report to the company's board of directors, chaired by BitGo CEO Mike Belshe. Belshe, in a separate interview with Bitcoin Magazine, said Corcoran's background is the exact profile needed to run the BitGo Trust Company."Combined with the BitGo Technology, Dick brings the institutional Trust management to build the world's best digital asset custodian. With Dick's team, there is no doubt in the eyes of our customers that BitGo is the absolute best custody offering." This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

MultiSig Wallet BitGo Announces Steller Lumens (XLM) Cryptocurrency Support

BitGo recently announced that they are going to support Stellar Lumens (XLM) making it the first multi-signature wallet and custodial solution to support XLM. Today we’re pleased to announce support for Stellar! With the addition of lumens (XLM), we now support 115 digital currencies – read more: https://t.co/WxyvLDLcwp @StellarOrg #digitalcurrencies #custody #XLM — BitGo (@BitGo) December 5, 2018 With Lumens added to the list of tokens and coins on BitGo, the custodial solution now supports a grand total of 115 virtual currencies. It offers the best security for institutional investors who have an eye for investing in different cryptocurrencies to deal-out the risks involved. BitGo is a cryptocurrency and blockchain infrastructure provider that has taken a focus on asset management, allowing exchanges and institutions to store their hard-earned or customer-owned crypto tokens on BitGo’s custody and wallet product. Its influence over crypto shouldn’t be counted out, with the firm reportedly being the largest Bitcoin processor in the world. It processes over $15 billion in transactions in a month from its 300+ clients that operate in over 50 countries and regions. “We’re continuously adding support for digital currencies that our clients express interest in, and lumens are a natural next addition. The Stellar network offers BitGo clients access to a public financial structure for cross-border transfers, making XLM an important new asset for investors,” said Ben Chan, CTO of BitGo. The CEO of BitGo, Mike Belsche, has the opinion that their network serves its users with this unique payments system. The network’s infrastructure permits cross-asset transfers of value which includes cross-border payments and brings to its clients an instant clear, execution, and settlement platform. Jed McCaleb, co-founder of the Stellar Development Foundation revealed that “as the leading institutional custodian service and business wallet in the market, BitGo provides a broad range of options for anyone interested in holding lumens. BitGo broadens institutional client exposure to Stellar by making it significantly easier and more secure to hold XLM.”
Bitcoin Exchange Guide
More news sources

BitGo news by Finrazor

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

Read more
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

Read more

Trending

Hot news

Hot world news

Prosecutors Call for Ten Year Jail Term for Karpeles Over Mt. Gox Embezzlement

Mark Karpeles, the CEO of Mt Gox, is currently being accused of embezzlement by Japanese authorities. The prosecutors of the court case are seeking a 10-year sentence for the ex-CEO, which commanded the now-defunct Mt Gox exchange. This comes in the midst of the extension announced for civil rehabilitation claims. Japanese prosecutors say as much by alleging that Mark Karpeles's actions "played a great role in totally destroying the confidence of Bitcoin users. The actions in question are that he allegedly embezzled a total of 341 million yen (US$3 million) of customer funds from the Mt Gox account, moving it to his personal account between September and December 2013, while padding the numbers on his company's trading system to cover up the loss. Karpeles has sworn his innocence and says the money, moved in the last four months of 2013, was meant to serve as only a temporary loan. He also argued, earlier in the trial, that the funds in question did not belong to clients but were his now-defunct company’s revenue. In response to the former CEO’s statement, the prosecutors at the court said: There was no documentation of loans, and there was no intention of paying back the money. The prosecutors went further to demand a harsh sentence for Karpelès. According to the Japanese prosecutors, the Mt. Gox Chief betrayed his clients’ confidence and misused most of their funds. The ex-CEO is currently confined to Japan as a condition of his bail and has been answering in freedom. He has often protested his innocence and publicly appealed to the industry. It remains unknown when the trail will conclude, the publication added.
BitZamp

Tezos [XTZ] Story – XTZ and Waves Highest Gainers

As many crypto enthusiasts have started to notice, there is a slight attempt by the bulls to get Bitcoin – BTC against the US Dollar up back on its feet. Read: Bitcoin (BTC) Price Analysis: Are Bulls Back on Their Feet? Bitcoin bull Mike Novogratz insists that bitcoin won’t fall to the $80 level despite signs that the bear market could persist. In an interview with Bloomberg, he reiterated that bitcoin will become digital gold and that revolutions don’t happen overnight. If the supportive trend line starts to gain momentum and hold-off any waves of bears that tend to tank the value downward, a ripple-effect could present itself impacting all following altcoins as the pioneer cryptocoin always does. Among the top 20, the highest gainer in the last 24-hours without a doubt is Tezos [XTS]. Per time of writing, the pair XTS/USD is changing hands at $0.4197 – marking an increase of 13.23%. Source: coinmarketcap Tezos for starters – During one of the most successful and largest ICOs ever held – Tezos Foundation raised over $232 mil bringing a new cryptocurrency in the market. During a contact made by Reuters to the president of the foundation it was confirmed that its MainNet was set to launch on the 14th of Sep, 2018. #Breaking @millervalue #ValueInvesting #Crypto #Bitcoin #Cryptocurrency project #Tezos to launch main #network next week:… https://t.co/nqOY185XCh — John M. Spallanzani (@JohnSpall247) September 14, 2018 What is Tezos (XTZ)? Tezos is a decentralized computing platform for Turing-complete smart contracts. Tezos has three key features. (1) “Liquid Proof-of-Stake” consensus – there is a relatively low barrier to consensus participation and delegation is not required. (2) Smart contract verification – Tezos invented the Michelson programming language that allows formal proofs of contract properties for better contract security. (3) On-chain governance – all aspects of governance are contained in the platform: voting on proposed protocol upgrades, paying developers and implementing the upgrades. – Via Kraken’s blog post – Kraken Listing XTZ Blog Post Right on its tail is Waves which is welcoming a daily price hoist of 10.01% against the US Dollar reaching the mark of $1.85. Its beginning of December price surge as it seems is still continuing. The reason for this trend was the recent announcement of the release of a significant update to the mobile wallet. We are excited to announce a long-awaited update of the #Waves Mobile app! Deposit, store and withdraw your #crypto securely, trade your assets on DEX, lease your $WAVES — everything is now available right on your smartphone! Read more about it here: https://t.co/5Qp7YKTa8r pic.twitter.com/y5hsCXj2GV — Waves Platform (@wavesplatform) December 3, 2018 The post Tezos [XTZ] Story – XTZ and Waves Highest Gainers appeared first on Ethereum World News.
Ethereum World News
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.