Bitfinex Partners with BitGo to Offer Multi-Signature Bitcoin Wallets to Customers
World's leading Bitcoin exchange Bitfinex has partnered with multi-signature technology provider BitGo following the recent hot wallet compromise in which 1500 Bitcoins were stolen. The exchange announced the integration of the multi-signature technology via a press release. Bitfinex will now provide a multi-signature wallet to each customer, allowing traders to keep track of their funds on the blockchain. With this development, the Bitcoin exchange also expects to avert any future hot wallet compromises or at least minimize the impact. Since each user will have an individual multi-sig....
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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:....
BitGo Inc., a multi-signature security company, announced the release of its newest product, BitGo Instant, which removes transaction delays completely. Along with its announcement of BitGo Instant, the company has also announced its launch partners for instant transactions. “At the beginning of this week, we had six partners. At the end, we had 10. It’s not all exchanges,” Ben Davenport, CTO of BitGo, told Bitcoin Magazine . “We have a few consumer-facing apps like Fold App. All of these guys are signed up to receive BitGo transactions. Anyone with a BitGo wallet will be able to send to....
BitGo is a company known for its industry-leading security practices, such as its mult-signature technology. BitGo has made several partnerships due to their reputation of being able to easily secure holdings of Bitcoin, thanks to their technology. I was able to talk to Mike Belshe, the CEO at BitGo, regarding operations at BitGo and their recent announcement about partnering with Bitfinex. How are things over at BitGo currently? Things are going great! We are continuing our mission to secure the world’s Bitcoin and seeing significant progress. How are the partnerships between TradeBlock....
"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....
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....