Bitcoin Foundation Teams Up With BitGo For 'Increased Operational Capacity'
There have been some changes going on over at the Bitcoin Foundation as of late. Most recently, the not-for-profit organization updated their website with a new look, and they've continued on their path to try an remain transparent in the community (something they've taken no shortage of criticism now). But an interesting announcement has been made today with regard to the Bitcoin Foundation and their finances. BitGo (a company we've written about on several occasions) said Tuesday that the Bitcoin Foundation has selected their Enterprise product in order to increase 'operational capacity'....
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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....
The Bitcoin Foundation announced today that it will use BitGo's Enterprise product to better manage its financial operations. Having the Bitcoin Foundation as a customer represents increased momentum and acceptance for the multi-signature wallet provider, chief executive and co-founder Will O'Brien told CoinDesk. The Foundation conducts the majority of its financial transactions in bitcoin, he explained, including payroll, technical grants and other activities. BitGo will provide them financial and management tools to more effectively scale internal treasury control. He added: "I'm excited....
On July 19, the digital asset company Bitgo announced it has partnered with the Near Foundation and will be “the first qualified custodian to support the protocol and its assets, including its native token.” The collaboration will give institutions holding near protocol (NEAR) tokens the ability to store and stake the coins via Bitgo’s platform. Bitgo Partners With the Near Foundation The digital asset financial services firm Bitgo has inked a partnership deal with the Near Foundation, the non-profit foundation headquartered in Switzerland that’s responsible for....
On Nov. 2, 2022, the digital asset custody business and financial services provider Bitgo introduced a wrapped version of the meme coin asset dogecoin built on top of the Ethereum blockchain. The company detailed the wrapped dogecoin initiative, the Wdoge DAO, is through a partnership between the Dogecoin Foundation, Bluepepper, and Mydoge wallet.
Bitgo Introduces Wrapped Dogecoin Initiative
Almost four years ago in January 2019, Bitgo launched the popular ERC20 token wrapped bitcoin (WBTC). WBTC is essentially a wrapped version of bitcoin built with the ERC20 standard on top of....
Bitcoin security specialist BitGo has announced a new partnership with Innovation Insurance Group and XL Group that will enable it to offer $250,000 in theft insurance to customers who opt in to the program. The coverage will protect BitGo's web wallet and platform API clients from errors resulting from its technology, processes or employee actions, as well as external hacking incidents and employee theft. Those who want to increase the value of their protection can also do so for a 1% annual fee. Long associated with some of the more prominent evangelists behind multi-signature security,....