Multi-Sig Bitcoin Wallet Provider BitGo Raises $12 Million
Bitcoin-focused security-as-a-service provider BitGo has secured $12m in new funding courtesy of several venture capitalists, seasoned bitcoin investors and a famed Hollywood A-lister. The funding round was led by VC firm Redpoint Ventures and it attracted Barry Silbert's Bitcoin Opportunity Corporation, Radar Partners, Liberty City Ventures, Crypto Currency Partners and Ashton Kutcher's A-Grade Investments. Speaking to CoinDesk, BitGo CEO Will O'Brien framed the successful funding round as being about "more than capital", telling CoinDesk: "The folks that we've brought on [are] people....
Related News
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....
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....
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....
Multi-sig wallet provider BitGo has announced a series of updates, enabling consumers to access security controls previously limited to enterprises. The bitcoin security company has now added multi-user bitcoin wallets, a series of risk controls including spending limits and the ability to 'whitelist' bitcoin addresses. The user upgrade has also seen the addition of "key features requested by enterprise customers", including secure wallet sharing, address labelling and advanced auditing capabilities. Will O'Brien, CEO at BitGo, said: "BitGo's mission is to secure the world's bitcoin and we....
What is possibly the world's most trusted multi-sig wallet provider, BitGo, has announced that individual users can now avail the Bitcoin security features at zero cost. Businesses looking to secure their Bitcoin holdings can also try BitGo's services for free. "We are incredibly excited to now offer the security controls and capabilities of BitGo free to all individual holders of bitcoin," said BitGo CEO Will O'Brien. "BitGo's mission is to secure the world's bitcoin. While historically we have offered advanced wallet services to enterprise customers, we feel it is critical for a growing....