Bitcoin Foundation Selects BitGo Enterprise - Interview with Will O'Brien
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....
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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....
BitGo announced today that co-founder Mike Belshe will replace Will O'Brien as acting CEO of the bitcoin security provider. Calling the move "the best path forward", Belshe suggested that the transition was put in place by the BitGo's remaining founders, including both himself and Ben Davenport, and that O'Brien will continue working with the company as a strategic advisor. In an interview, Belshe framed the appointment as one that would allow him to take BitGo into its "next phase" of development, while continuing his efforts to align the company toward a common vision. Belshe told....
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,....
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'....
A BitFury spokesperson has confirmed that this is the second investment by BitFury Capital. BitFury Capital, the investment arm of bitcoin mining infrastructure provider BitFury, has announced an undisclosed investment in BitGo. The news marks the venture capital firm's second investment in recent weeks, following confirmation that it had invested in an anonymous bitcoin wallet provider. Speaking to CoinDesk, BitGo CEO Will O'Brien elaborated on the significance of the deal, though he declined to offer any specifics. Praising BitFury as a leader in the bitcoin mining sector, O'Brien told....