Singaporean Bitcoin Exchange CoinHako Insures Holdings Through BitGo Partnership
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....
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CoinHako, which bills itself as "the easiest way to buy and sell Bitcoins in Singapore," is now also the safest way to store them, as they have contracted with BitGo to secure their wallet. BitGo, as CCN readers may be aware, is the world's leading secure Bitcoin wallet, insured by XL Group. CoinHako was excited to announce the new partnership, which will insure their customer's holdings against loss by theft or hacking. In a press release this morning, they said: We believe this is a big step forward for the industry, given the recent occurrences in other exchanges like Mt. Gox. Our....
PALO ALTO, CA — Today, BitGo announced the launch of its new service, BitGo Instant. BitGo claimed that this service is “the world’s first way to safely receive zero-confirm Bitcoin transactions with a full financial guarantee. Along with the announcement of its launch, BitGo reported that it has a “strong list of initial partners,” to recognize the zero-confirmation transactions. These partners include, Bitfinex, Bitstamp, CoinHako, FoldApp, Genesis Trading, Kraken, ShapeShift and Unocoin. BitGo Instant with a multi-signature wallet implementation. BitGo Instant wallets consist of 3 keys:....
Coinhako received regulatory approval from the Monetary Authority of Singapore just a month before the SBI funding. Tokyo-based financial services giant SBI Holdings announced a joint investment in Coinhako, Singapore’s first licensed crypto exchange approved by the Monetary Authority of Singapore (MAS). The Coinhako investment was made via a fund jointly set up by SBI and Swiss-based Sygnum Bank, namely, the SBI-Sygnum-Azimut Digital Asset Opportunity (DAO) Fund, according to the notice.Speaking to Cointelegraph, a MAS spokesperson highlighted the importance of seeking licensing approvals....
Tim Draper with CoinHako founders Yusho Liu and Gerry Eng. Recently launched Singapore exchange and wallet service CoinHako has received a helping hand via a "six figure" personal investment from venture capitalist Tim Draper. The company is also actively in talks with other angel investors and seed-stage VCs to close another round of funding. Draper said that, while bitcoin is the greatest technological breakthrough since the Internet, liquidity and pricing remained a problem in Singapore and Southeast Asia. "CoinHako is cleverly filling up those gaps. Singapore is also one of the most....
The NewsBTC team interacted with Pasi Koistinen for the first time after he was appointed the CISO of Coinhako. We asked him a few questions about the new role and his views on crypto markets and cybercrime. Here is an excerpt of the interesting interaction that happened recently. Q: Thanks for joining us, and congratulations on your new role as the CISO of Coinhako. First, would you please introduce Coinhako to our readers? A: Coinhako was founded in 2014 in Singapore, and the platform’s mission is to be the go-to gateway to the crypto economy, providing easy access to digital assets and....