‘DeFi will replace institutions entirely,’ says BitGo CEO Mike Belshe
Mike Belshe, CEO and co-founder of BitGo, explains how decentralized finance will disrupt traditional finance through use cases like automated market makers. The global decentralized finance (DeFi) market size was valued at $11.78 billion in 2021. This number is expected to increase as DeFi advances, yet it is still in its infancy. Therefore, a number of banks and traditional financial institutions still tend to be unaware of DeFi’s potential. While this may be, industry experts within the crypto sector are predicting that decentralized finance will overtake traditional financial....
Related News
BitGo announced today that co-founder Mike Belshe will replace Will O'Brien as acting CEO of the bitcoin security provider. Calling the move "the best path forward", Belshe suggested that the transition was put in place by the BitGo's remaining founders, including both himself and Ben Davenport, and that O'Brien will continue working with the company as a strategic advisor. In an interview, Belshe framed the appointment as one that would allow him to take BitGo into its "next phase" of development, while continuing his efforts to align the company toward a common vision. Belshe told....
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....
BitGo co-founder and CEO Mike Belshe remembers when the fascination with computer engineering that began for him in childhood made its most emphatic statement and claim on his life. He had just left old warhorse Hewlett-Packard, his first job out of college, to join Internet browser pioneer Netscape as it was poised to launch its initial public stock offering in 1995. (His departure was rather too sudden to suit the sensibilities of his "HP Way" bosses, but that's another story.) Commencing to work almost non-stop through long days and nights "not because of deadlines, but because I loved....
BitGo’s Mike Belshe has said that questions raised about the security of bitcoin with some suggesting that digital currencies can never be secure are wrong. After Mt. Gox, the second biggest security breach of a bitcoin exchange took place earlier this month when the Hong Kong-based Bitfinex halted trading after hackers stole around $70 million worth of users’ bitcoins. As a result, questions about the safety of blockchain technology and the future of bitcoin quickly arose. As the company that is the leading security platform for bitcoin and blockchain technologies that was delegated to....
In an interview to the Bloomberg Brief, the co-founder and CEO of BitGo, Mike Belshe said that the company's core principle is to never hold enough private keys to sign a transaction. That way, "if we disappear, you still have your money." The CEO adds that the multi-sig Bitcoin wallet service provider adheres to a twofold litmus test for transactions, wherein the company cannot transact without the customer (since they do not hold enough private keys) but the customer can easily transact without the company. Mike Belshe, who recently replaced Will O'Brien as the acting CEO of the Bitcoin....