BitGo Launches Certificate Proving Bitcoin Companies Solvency
Bitcoin security company BitGo announced this Tuesday a new stamp of approval in Bitcoin transactions that aim to help consumers put more trust in transactions in the digital currency. The product, called Verified by BitGo, intends to show users of Bitcoin companies that the firm they are dealing with has adequate funds to keep up with its obligations. Throughout the history of Bitcoin, we have seen operators not having the funds they claimed to have. With this new product, BitGo will calculate both a company's liabilities and its assets. As long as its assets are in excess of its....
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BitGo has announced a new service that leverages the security firm's status as a consigner on its multisig accounts to allow customers the means to provide greater financial transparency. As part of the announcement, bitcoin firm ChangeTip will use the new Verified by BitGo service to demonstrate its account holdings. The tipping platform will display its bitcoin solvency on its website, listing assets and liabilities in real-time along with information specific to individual users. Links to the Verified by BitGo page will also be displayed within each user's ChangeTip account page and on....
Today, several exchanges — ranging from boutiques offerers of just four or five coins to larger players offering dozens — are proving their solvency on the BitShares blockchain. To find out who, how, and why, Bitcoin.com nabbed an interview with Ken Code, founder of “crypto coaching” firm BitShares Munich. Ken explains that he trades amongst the 10....
BitGo announced today the release of its latest product offering, Verified by BitGo, a product that provides a real-time view of bitcoin assets owned by a company.Whereas in the past, verification attempts were slow and often had security risk concerns, BitGo hopes that this will be a verification that allows it to publicly share all of its assets. Further, it will be able to cryptographically display that it is in a solvent state.When dealing with brokerages and wallets, knowing that the provider is solvent can go a long way toward making a decision on using a service. This service will....
Earlier today, Palo Alto based Bitcoin security service provider BitGo announced the general availability of the BitGo Platform API, which will allow developers to fully leverage, for the first time ever, the enterprise grade security features of BitGo's multisig HD wallet in their own applications. The launch of this particular service stands to be a turning point in the Bitcoin industry. That's because all companies, whether general merchants or Bitcoin service providers, are now capable of integrating the Bitcoin protocol into their core product without being forced to give up....
Bitcoin security firm BitGo has launched a new service that aims to allow clients to accept bitcoin transactions prior to their official confirmation on the blockchain. Called BitGo Instant, the offering aims to allow users to accept transactions more quickly, while guarding against the possibility that funds could be 'double spent' or otherwise altered before they settle against the bitcoin ledger. At launch, BitGo said major exchanges including Bitstamp, Bitfinex and Kraken had already signed on as users of the service. Other notable partners include altcoin trading service ShapeShift....