Xapo Bitcoin Security Measures Use Satellites, Military Bunkers, and "Deep" Cold Storage
In a new blog post, Bitcoin company Xapo has revealed more about how they do security. Xapo has also revealed that they have passed a Service Organizational Control 2 (SOC2) financial audit by Burr, Pilger & Mayer LLP. The SOC2 financial audit is a component that many of Xapo's institutional partners require. Xapo's CEO Wences Cesares told CryptoCoinsNews that Xapo's new security measures are meant to assure Bitcoin users around the world that proper security methods do exist and are being practiced by Bitcoin companies. Speaking about security measures for the use of the fledgling....
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If the headline sounds too good to be true, don’t worry. It isn’t and there’s more. During an interview with Bitcoinist, Xapo CEO Wences Casares said that in the wake of Mt.Gox and Bitstamp, they’re ready to implement their newest features to prove their dedication to security. In a four-part announcement, the California-based company laid out their plans for 2015 that would make any bitcoin enthusiast giddy. The Xapo deep cold storage vaults will now be three-of-five multi-signature enabled. According to Casares, the five private keys will be generated offline. The servers will never....
Xapo, a provider of secure bitcoin wallet and vault storage solutions deemed "the Fort Knox of bitcoin," announced that it is relocating its corporate headquarters to Zurich, Switzerland. The company will retain a small presence in its previous home base in Palo Alto, California to serve U. S. customers, but its main operations will move to the new home base. Xapo's primary deep cold storage vault is already located in Switzerland (the precise location hasn't been disclosed), with additional secure sites deployed around the globe. "[A]t the request of our expanding global customer base,....
Xapo has been focusing on building its infrastructure to become the most secure bitcoin storage service on the digital currency ecosystem. Since the beginning, this has been the company main focus and to support and accelerate their aim, Wences Casares, Xapo Founder and CEO, has recently announced the company was moving its headquarters to the global financial center of Zurich, Switzerland. It looks like the company's primary deep cold storage vault is also located in Switzerland, and at the request of our expanding global customer base, the company believes now is the time to bring their....
Bitcoin firm Xapo announced its plans to relocate to Zurich in order to benefit from Switzerland's neutrality and stability. The company, which focuses on security and bitcoin services, has started the transition around three months ago, following requests from its customers. For now, the company plans to hire finance and legal staff from Europe while maintaining a small presence in the United States. According to Xapo CEO Wences Casares, this decision was made after clients raised concerns about bitcoin regulation and increased oversight on transactions. Bitcoin Firm Regulation. "This is....
Even the most robust and advanced platforms suffer from hacking attacks. DDoS attacks targeted Kraken, while there were attacks on a number of other popular bitcoin exchanged. More than 18,000 bitcoins were stolen from European bitcoin exchange Bitstamp earlier this year. Still, many bitcoin users rely on hot (online) wallets. Today, many bitcoin wallet platforms provide additional security measures and enhanced security protocols to protect user funds. Bitcoin wallet users could also implement the multi-signature technology, which distributes unique private keys (signatures) to more than....