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Polygon Teams Up BitGo After A Controversial Hardfork Upgrade

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Polygon has partnered with BitGo to provide MATIC holders with staking capabilities. Moreover, the users can earn rewards by staking ERC-20 MATIC tokens. BitGo decided to support Polygon because of its benefits like fast speed, low gas fees, higher security, and commitment to carbon neutrality. 

Another Strategic Partnership For Polygon

The Polygon-BitGo partnership is not the first one in recent times. Polygon has entered several partnerships with other platforms.

However, the recent partnership between Polygon and BitGo will provide MATIC holders with wallet and custody services. Where Polygon is a decentralized Ethereum-based scaling platform, BitGo provides regulated custody, financial services, and core infrastructure for investors.   Read more...

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BitGo Announces New Settlement System for Institutional Clients

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Bitcoin Shield

Blockchain security company BitGo is launching a new service for institutional clients: a clearing and settlements system that operates off-chain.

BitGo announced this new service in a press release on May 14, 2019, describing some of the features that this new system will have. Assets “never need to leave custody,” according to the announcement, and “counterparty risk is minimized” with BitGo acting as custodian for both sides of any deal.  Read more...

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BitGo Partners With Genesis to Enable Cold Storage Crypto Trading

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Palo Alto-based crypto custody startup BitGo announced Wednesday that it has partnered with Genesis Global Trading, an OTC digital currency trading firm, to allow clients to buy and sell digital assets directly from the security of their BitGo Trust cold storage account. On the BitGo blog today: “Partnering with @GenesisTrading underscores our commitment to developing institutional-grade cryptocurrency infrastructure and represents […]
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New BitGo Partnership Lets Clients Trade Crypto Directly From Cold Storage

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BitGo Genesis.jpg

American crypto wallet and custodial firm BitGo has teamed up with Genesis Global Trading, a digital asset trading firm, to improve the crypto trading experience for its institutional investors.

Investors who use BitGo's custody service can now trade their assets directly from their BitGo custody account, without the need to move the assets to an exchange.

“Institutional investors want to put their assets to work and they want security,” Mike Belshe, BitGo’s CEO, told Bitcoin Magazine. “Until now, they've had to make compromises on one front or the other, choosing to trade off security for speed of withdrawals from custody. Now, as a result of our partnership with Genesis, they have access to multiple trading venues without ever having to move their assets from the security of cold storage."  Read more...

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BitGo Hires Trust Company Veteran as CEO of Its Custody Arm

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BitGo CEO

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.”    Read more...

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Goldman Sachs-Backed BitGo Now Supports Over 100 Cryptocurrencies

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Palo Alto-based crypto custody startup BitGo officially supports more than 100 different cryptocurrencies and tokens, including multiple major stablecoins. Proud to announce that we now support over 100 coins and tokens! https://t.co/YuipM8Snb2 — BitGo (@BitGo) November 15, 2018 According to a Thursday press release, BitGo is the first custody service to reach the 100-coin milestone. The company’s adoption […]
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Formosa Financial Integrates with BitGO

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned … Continued

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Goldman Sachs Makes Another Bet on Crypto With BitGo Investment

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Palo Alto-based startup BitGo, which develops secure wallets for crypto custody, has raised a $ 57.5 million Series B financing round led by Goldman Sachs (GS) and Michael Novogratz, the CEO of cryptocurrency focused merchant bank Galaxy Digital LP (GLXY). EXCLUSIVE: Goldman Sachs and billionaire @novogratz are investing in crypto custodian BitGo https://t.co/L1wiEZxHr6 — Bloomberg Crypto (@crypto) October 18, 2018 According […]
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BitGo Receives Approval to Operate as Regulated Cryptocurrency Custodian

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Blockchain security startup Bitgo has announced that it has received regulatory approval in the U.S. to offer cryptocurrency custody services. With the move, BitGo becomes the latest company to throw its hat into the crypto custody ring as the market prepares to welcome large institutional investors who have previously been put off by crypto’s substantial

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Coinbase, BitGo Reaffirm Plans to Focus on Serving Institutions in Crypto

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Two US-based crypto behemoths, Coinbase and BitGo, will continue to facilitate growing demand for Bitcoin from institutional investors by operating as trusted custodians. Earlier this week, BitGo was approved by South Dakota regulators to create and operate a crypto custody solution, while Coinbase established a new office in New York exclusively to handle institutional demand

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US Regulatory Authority Approves BitGo For Custodian – BTC, ETH & XRP For Recovery

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US Regulatory Authority Approves BitGo For Custodian – BTC, ETH & XRP For Recovery

US regulatory authority approves BitGo for the status of a custodian for crypto and the market is booming during positive news.

The digital currency security startup BitGo has been granted approval of a custodian for crypto and other virtual assets after the company put in a request for permission to act as a digital asset custodian. The company will bring its clients the offer for a regulated custody solution made with their crypto investments specifically in mind.

Continue reading US Regulatory Authority Approves BitGo For Custodian – BTC, ETH & XRP For Recovery at Crypto Daily™.  Read more...

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Bitgo Attains Regulatory Approval in United States

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Bitgo Attains Regulatory Approval in United States

Bitgo, a cryptocurrency security and custody company, has been granted regulatory approval to provide its storage services to the United States. Specifically, Bitgo will target U.S.-based institutional investors with its “Bitgo Trust Company.”

Also Read: Corporate Creditors Can Now File Claims for Mt Gox Restitution

Bitgo Approved by South Dakota Regulators

Bitgo Attains Regulatory Approval in United StatesThe South Dakota Division of Banking has approved Bitgo Trust Company as a public South Dakota Trust Company – allowing the company to offer its cryptocurrency custody services to institutional investors in the United States.  Read more...

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BitGo Gets Approval From State Regulators to Launch Custody Service

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Regulators Greenlight Bitcoin Futures

BitGo has received the green light from the South Dakota Division of Banking to act as a qualified custodian for digital assets, according to a Business Wire press release.

The approval means the BitGo Trust Company can now offer secure storage for digital assets “designed for institutional customers,” Chief Compliance Officer Shahla Ali told Bitcoin Magazine. “Built on BitGo’s multisignature security, BitGo Custody delivers modern security for modern assets,” Ali continued.

Ali went on to explain that “BitGo has been working on its application for its charter to be a qualified custodian for the past year.” Per South Dakota regulations, the company won’t begin storing assets under the Trust until a 30-day period has elapsed.  Read more...

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Altcoins Round-Up: Bitgo Adds ZEC, Wirex Supports XRP, PwC to Audit Tezos

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Altcoins Round-Up: Bitgo Adds ZEC, Wirex Supports XRP, PwC to Audit Tezos

In recent news pertaining to altcoins, Bitgo has announced the addition of Zcash to the roster of cryptocurrencies supported by the cryptocurrency custody firm; Wirex has enabled XRP support for its cryptocurrency debit card; and Tezos has commissioned PricewaterhouseCoopers (PwC) to audit the Tezos foundation’s finances and operations.

Also Read: Bitmain Reveals the Total Hashrate of Its Cryptocurrency Mining Hardware

Bitgo Offers Zcash Custody

Altcoins Round-Up: Bitgo Adds ZEC, Wirex Supports XRP, PwC to Audit TezosBitgo, a company providing “institutional-grade cryptocurrency security” services, has announced that it has enabled support for Zcash. The announcement follows the addition of 57 ERC tokens last week.  Read more...

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E-Coin Hosts Equity Crowdfunding Campaign on BnkToTheFuture

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Bitcoin debit card providers are working hard to gain a foothold in the hybrid industry between traditional finance and digital currencies.  Spending Bitcoin through traditional means is positive for both consumer and merchant, but that doesn’t mean it will be an easy victory.  E-Coin, one of the leading Bitcoin debit card providers, has announced their crowdfunding campaign on BnkToTheFuture.

Make sure to read: Fintech Companies Leapfrog Banks To Offer Faster Payments  Read more...

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BitGo Launches Solvency Certificate Service for Bitcoin Companies

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It is a public secret that traditional Bitcoin companies are often faced with one pressing question: are they solvent or not?  Despite the usage of an open ledger to record transactions and balances, most Bitcoin companies do not disclose company wallet addresses.  But, if we ever want to take Bitcoin to a mainstream audience, that situation might have to change sooner rather than later.

The Issue of Solvency Slows Down Bitcoin AdoptionBitGo Small

Bitcoin’s history has been filled with scams; companies going bankrupt and services disappearing into thin air.  Most of the stories stem forth from one common issue: not being solvent to continue operations.  Rather than being transparent about this fact towards customers, most companies simply continue operations until there is no more money coming in altogether.  Read more...

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