Mike Novogratz-Backed BitGo Offers $100 Million in Crypto Insurance

BitGo, a crypto custodian backed by Goldman Sachs, is offering up to $100 million in insurance coverage for cold-wallet assets through Lloyd’s. There is no additional cost to BitGo clients. In a press release, the company said the $100 million of insurance coverage protects custodial assets held by BitGo against: Third-party hacks. Insider theft by employees of private keys. Physical loss or damage of private keys. Mike Belshe, the CEO of BitGo, touted the new service: “This is the most complete insurance offering in the industry. It is not always easy…

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Bitcoin Startup BitGo Acquires $12 Billion Asset Custodian Kingdom Trust

The post Bitcoin Startup BitGo Acquires $12 Billion Asset Custodian Kingdom Trust appeared first on CCN Digital currency startup BitGo has entered into an agreement to acquire Kingdom Trust, a digital asset custodian that currently serves more than 100,000 clients and manages more than $12 billion in assets. BitGo Acquires $12 Billion Asset Manager Kingdom Trust The acquisition, which was announced on Thursday and is subject to regulatory approval, follows BitGo’s The post Bitcoin Startup BitGo Acquires $12 Billion Asset Custodian Kingdom Trust appeared first on CCN

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Coinbase Criticized For Spamming Bitcoin Mempool, CEO Responds

The post Coinbase Criticized For Spamming Bitcoin Mempool, CEO Responds appeared first on CCN Throughout the past week, Coinbase, the global cryptocurrency market’s largest brokerage and wallet platform valued at $1.6 billion, has been heavily criticized for the absence of Segregated Witness (SegWit) and transaction batching on its platform. Coinbase Lacking SegWit and Batching Transactions Jameson Lopp, the lead engineer and architect at multi-signature blockchain security service provider BitGo, The post Coinbase Criticized For Spamming Bitcoin Mempool, CEO Responds appeared first on CCN

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