BitGo Surpasses US$1bn In Quarterly Bitcoin Transaction Volume
Bitcoin wallet security and technology is more important than ever these days. As the Bitcoin community grows larger, there are many people who use digital currency without taking the necessary security precautions. Luckily for them, companies such as BitGo are focusing their efforts on providing top-notch security to every Bitcoin user in the world. That strategy is paying dividends, as the company processed over US$1 billion in Bitcoin transactions during Q2 2015. Up until this point, there have been no breaches of BitGo’s security implementations. This is quite an impressive record,....
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PALO ALTO, CA — Today, BitGo announced the launch of its new service, BitGo Instant. BitGo claimed that this service is “the world’s first way to safely receive zero-confirm Bitcoin transactions with a full financial guarantee. Along with the announcement of its launch, BitGo reported that it has a “strong list of initial partners,” to recognize the zero-confirmation transactions. These partners include, Bitfinex, Bitstamp, CoinHako, FoldApp, Genesis Trading, Kraken, ShapeShift and Unocoin. BitGo Instant with a multi-signature wallet implementation. BitGo Instant wallets consist of 3 keys:....
Bitcoin security company BitGo has announced a new feature – BitGo Instant which promises instant settlement for bitcoin transactions. The service also guarantees recipients a compensation via a claim fulfilled by BitGo, if the transaction isn’t confirmed on the blockchain. In an announcement via a press release today, BitGo has launched BitGo Instant, a service that allows users to transfer bitcoin for real-time settlement, before the transaction is confirmed on the blockchain. The service is positioned to users who seek instant bitcoin transactions while securing the funds against the....
Ben Davenport/BitGo. BitGo, a multi-signature Bitcoin wallet, has introduced dynamic transaction fees to give users more options. The dynamic fees are in response to longer transaction times driven by an increase in transaction volumes. Users can now select fees that price automatically based predictable processing periods. "Many transactions have taken longer than usual to confirm," BitGo notes on its website. "As of (this) writing, the number of unconfirmed transactions is now well into the tens of thousands and continues to rise. To the user, this means that important operations such as....
BitGo Inc., a multi-signature security company, announced the release of its newest product, BitGo Instant, which removes transaction delays completely. Along with its announcement of BitGo Instant, the company has also announced its launch partners for instant transactions. “At the beginning of this week, we had six partners. At the end, we had 10. It’s not all exchanges,” Ben Davenport, CTO of BitGo, told Bitcoin Magazine . “We have a few consumer-facing apps like Fold App. All of these guys are signed up to receive BitGo transactions. Anyone with a BitGo wallet will be able to send to....
The Bitcoin Transaction Volume is Dropping. Bitcoin transaction volume is dropping. Yesterday the transaction volume dropped to the lowest since 2011. Only 69,152 BTC were traded. What does it mean? Looking at the data, taken from Blockchain, we can see a clear decline in Bitcoin volume since November/December of 2013, when the Bitcoin volume was at 345,628 BTC with a peak in the middle of March with 441,337 BTC. Looking at the same volume chart, but this time showing volume in USD, the transaction volume yesterday was at just over $30 Million. We must be aware of the drop in Bitcoin price....