BitGo Safe Aims to Secure Bitcoin Wallets With Multi-Signature Transactions
What do Jeremy Howells and several BIPS customers have in common? They each lost a lot of bitcoins because of the way they were stored. But BitGo, a company offering a new multi-signature wallet service, says that it doesn't have to be that way. Howells lost £4m in bitcoins after he threw out his hard drive, while payment processor and online wallet service BIPS saw over $1m stolen in a wallet hack. They both suffered from the same problem: a single point of failure. BitGo's founder Mike Belshe says that relying on a single device to store your bitcoins is a bad idea. Web wallets are....
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Leading bitcoin security platform and multi-signature / P2SH (pay-to-script hash) bitcoin wallet provider BitGo has transacted more than $1 billion worth of bitcoin transactions in a single quarter. "BitGo was the first to pioneer the secure, multi-signature wallet platform for bitcoin," said BitGo CEO and co-founder Mike Belshe. "Security is never a finished feature, so we're continually raising the bar. As we reach this billion-dollar milestone, we're happy know so many customers are seeing the value of our solution." The BitGo wallet platform and API have not experienced a single breach....
BitFury Group's investment arm, BitFury Capital, is at it again. The group has made what they are calling a "strategic" investment in BitGo, a bitcoin secure products provider. It's BitFury Capital's second investment in the bitcoin space, highlighting the desire to support up-and-coming service providers that aim to make bitcoin just a bit more user friendly. "We are pleased to make our second investment into the Bitcoin ecosystem by investing in BitGo," said Marat Kichikov. "We believe the BitGo team will continue delivering proven results as multi-signature solutions proliferate." BitGo....
Earlier this week BitGo and the Bitcoin Foundation issued a joint statement announcing the Foundation's selection of BitGo Enterprise platform for internal financial controls. BitGo, based in the US, is a leading Bitcoin security platform and a pioneer of multi-sig technology. The company's BitGo Enterprise™ offers the first multi-user, multi-sig secure Bitcoin wallet designed for corporations, financial institutions, and other large holders of Bitcoin. Enterprise Grade Bitcoin Wallet. BitGo Enterprise enables the Bitcoin Foundation to implement multi-signature wallets across all its....
World's leading Bitcoin exchange Bitfinex has partnered with multi-signature technology provider BitGo following the recent hot wallet compromise in which 1500 Bitcoins were stolen. The exchange announced the integration of the multi-signature technology via a press release. Bitfinex will now provide a multi-signature wallet to each customer, allowing traders to keep track of their funds on the blockchain. With this development, the Bitcoin exchange also expects to avert any future hot wallet compromises or at least minimize the impact. Since each user will have an individual multi-sig....
E-Coin card users can now send bitcoin and instantly load their cards rather than having to wait for three confirmations, thanks to BitGo Instant, which provides immediate settlement of bitcoin transactions. E-Coin, a wallet which provides both physical and virtual bitcoin debit cards, now allows users to send bitcoin from within the BitGo Instant network which includes 11 companies with more on the way. If a transaction is not confirmed on the blockchain, the service guarantees recipients compensation via a claim fulfilled by BitGo, a multi-signature bitcoin wallet which pioneered the....