BitGo Update Expands Security Controls for Consumers
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....
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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....
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....
Singaporean-based Bitcoin exchange, CoinHako, has integrated the BitGo digital currency security platform and insurance offering and will now be run with multi-signature wallets and a state-of-the-art platform, and their holdings will be insured against theft and hacks. The insurance offering is through an undisclosed A-rated insurer from XL Group, which covers up to $250,000 of losses for all BitGo customers. Clients can choose to increase the amount with a 1 percent flat fee. The security firm also provides transparency, improved management controls and internal checks for better....
BitGo has declared that its systems were not breached, and its software functioned correctly during the Bitfinex hack. Co-founder and CEO at BitGo, Mike Belshe, wrote on the company’s blog saying: Our job is to protect your Bitcoin and continue to improve the security of the service. BitGo systems were not breached in this attack and our software functioned correctly. This may seem like an inadequate explanation, because everyone wants to know “what needs to change to avoid what happened in this case,” and we understand that. Fortunately, the Bitfinex configuration was unique and other....
"With our BitGo wallet solution it becomes impossible for our users to lose their bitcoins due to us being hacked or stealing them." So wrote Bitfinex CFO Giancarlo Devasini about the bitcoin exchange's then-new multi-signature security architecture roughly a year before $60m was stolen in one of the industry's highest-profile hacks this week. While we know that multi-sig accounts were impacted by the hack (which doesn’t look good for the security feature), it's still unclear exactly how this breach occurred. Still for many it begs the question, what does this breach mean for....