Bitcoin Custodian Elliptic Makes Final of SWIFT Startup Competition
Bitcoin custodian Elliptic has been selected to compete for a $50,000 prize in the Startup Challenge Finale at SWIFT's Sibos conference. Some 370 companies applied to take part in the challenge and Elliptic was one of 15 companies selected to compete in the Innotribe Startup Challenge showcase, which took place in London last week. Elliptic was one of two finalists in the growth-stage startup category, the other being xWare42, which enables banks to give customers additional information on their bank statements about their purchases. "We're very pleased to have been selected as finalists.....
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UK-based digital assets service provider Elliptic has partnered with Gem to offer a custodian service for the private keys of multisig wallets. Multisig wallets have at least three unique private keys. Through the new partnership, consumers will control one private key, while Gem and Elliptic will have custody over the two others. Customers are not obliged to assign the third key to Elliptic. However, if the client loses their key, Gem and Elliptic will use their private keys to transfer the user's funds into a new Gem multisig account belonging to the customer. Dr James Smith, CEO at....
Bitcoin storage specialists Elliptic have reportedly raised $2 million in investment capital from Octopus Investments. Elliptic is the first United Kingdom-based company involved with bitcoin to receive a major investment such as this one. The company, launched approximately six months, is looking to offer digital asset services, primarily for businesses and financials institutions. One such service is Elliptic Vault, a storage solution that's fully-insured and as one would expect, highly secure. "We want to make it very easy for companies to use. If they're used to other types of....
London blockchain startup Everledger is the joint winner of BBVA's European Open Talent competition. The startup, which uses blockchain technology to tackle diamond fraud and theft, will be awarded a €30,000 prize ($33,939) as well as an invitation to develop a project with the multinational bank. Rounding off the competition series, with previous finals taking place in New York and Mexico DF, Everledger competed against fellow bitcoin and blockchain companies Safello and Vaultoro. Everledger's win alongside Origin – a marketplace that connects issues and investors in the corporate bond....
This week, CoinAgenda organizers announced the final winners of the startup competition held at the Las Vegas conference on October 25-26. CoinAgenda Startup Competition Places Blockchain Business Ideas in Front of Potential Investors. The firms participating in this competition showcased their products and services, all of which utilize blockchain technology to solve existing problems or create new experiences and business opportunities not possible without the blockchain. Seventeen businesses competed, each giving 20-minute presentations to industry leaders and investors, including the....
Non-profit organization the Internet Watch Foundation (IWF) and blockchain start-up Elliptic have teamed up to tackle those using the cryptocurrency, Bitcoin, to buy child sex abuse images online, the two announced today. London-based blockchain startup Elliptic has created a unique tool that has the ability to trace any suspicious transaction patterns of Bitcoin. Since its inception, the world of Bitcoin has often been shrouded in mystery and negative publicity due to the fact that it some users choose to buy illegal items online from illegal drugs to child pornography because of the....