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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BP Finds a Billion Barrels of Oil, Analysts Say Shares are a ‘Buy’

Using advanced technology, BP has discovered new oil reserves in the Gulf of Mexico. Many analysts are showing confidence in the stock and Goldman Sachs has reissued its “buy” rating for BP shares. BP Finds New Oil in Thunder Horse Fields Revealed today, BP has found 1 billion more barrels of crude oil at an The post BP Finds a Billion Barrels of Oil, Analysts Say Shares are a ‘Buy’ appeared first on CCN

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Ex-Goldman Exec Sees Better Days Ahead for Crypto as Institution-Focused Crypto Brokerage Launches

Despite the price declines that cryptocurrencies have endured this year, an ex-Goldman Sachs executive is still optimistic about the future of digital assets. Greg Tusar, who is a former global head of electronic trading at the New York-based financial giant, likened the current state of the crypto market to the ‘early days of trading equities The post Ex-Goldman Exec Sees Better Days Ahead for Crypto as Institution-Focused Crypto Brokerage Launches appeared first on CCN

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Mike Novogratz’s Galaxy Digital Hires Goldman Sachs Exec to Oversee Blockchain Unit

Mike Novogratz’s crypto investment bank, Galaxy Digital Capital Management, hired Goldman Sachs banker Ian Taylor to oversee the group’s advisory-services arm. Taylor will join Galaxy Digital before January 2019, sources told Bloomberg. Taylor was a managing director at Goldman, where he worked for almost 19 years, according to his LinkedIn profile. At Galaxy Digital, he The post Mike Novogratz’s Galaxy Digital Hires Goldman Sachs Exec to Oversee Blockchain Unit appeared first on CCN

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Boost VC Issues Call for Crypto Startups

Technology startup accelerator Boost VC has announced that it is accepting applications from crypto startups to join Tribe 12, its latest accelerator program cohort. Since 2012, Boost VC has graduated several cohorts with more than 75 crypto-related projects including prominent blockchain projects like Etherscan, Aragon, and MyCrypto. According to the announcement, which appeared in a Medium post, The post Boost VC Issues Call for Crypto Startups appeared first on CCN

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Google-Backed Fintech Startup Uses Bitcoin for Cross-Border Settlement

Veem, a cross-border payments platform that uses bitcoin to move funds among businesses without the need of banks, has raised $25 million in a round led by Goldman Sachs, according to Forbes. The service, which does not require either counterparty to hold bitcoin directly, has quadrupled its revenue in the past year. Also participating in the The post Google-Backed Fintech Startup Uses Bitcoin for Cross-Border Settlement appeared first on CCN

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Goldman Sachs, Wall Street Banks Sink $32 Million into Enterprise Blockchain Startup

We may, as Lightning Labs CEO Elizabeth Stark said earlier this year, be entering a “bitcoin not blockchain” world, but the global banking cabal isn’t ready to capitulate on its support for enterprise blockchain products just yet. Indeed, Axoni, an enterprise blockchain startup founded in 2013, has just concluded a $32 million Series B funding The post Goldman Sachs, Wall Street Banks Sink $32 Million into Enterprise Blockchain Startup appeared first on CCN

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Goldman Sachs-backed Crypto Giant Circle Seeks a US Banking License

Cryptocurrency unicorn Circle is in talks with US regulators about pursuing a federal banking license and registering as a securities exchange. Circle CEO Jeremy Allaire revealed the firm’s plans during a recent interview with Bloomberg, explaining that it hopes to become the first cryptocurrency startup to receive such licensure at the federal level. “To hold The post Goldman Sachs-backed Crypto Giant Circle Seeks a US Banking License appeared first on CCN

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