• About Us
  • Contact Us
  • Privacy & Policy
CoinNewsDaily
  • Home
  • Coin Market Cap
  • ICO Live
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • ICO
  • Business
No Result
View All Result
  • Home
  • Coin Market Cap
  • ICO Live
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • ICO
  • Business
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

BitGo Says It’s Now Processing 20% of Bitcoin Transactions

coinnewsdaily by coinnewsdaily
November 14, 2019
in Business
0
BitGo Says It’s Now Processing 20% of Bitcoin Transactions
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Ethereum’s Top DEX Is Relaunching to Tap Istanbul’s Lower Gas Fees

Ethereum’s Top DEX Is Rebooting With New Scaling Features

December 7, 2019
Bank of China Issues $2.8B in Bonds to Small Businesses Using Blockchain Tech

Bank of China Issues $2.8B in Bonds to Small Businesses Using Blockchain Tech

December 6, 2019

BitGo is processing more than 20 percent of bitcoin transactions, the company said at CoinDesk’s Invest: NYC conference today.

The announcement by the crypto custodian and issuer of hot and cold storage wallets means that a sizable share of on-chain transactions pass through its services, a sign of consolidation, and power, in the crypto space.

It also raises questions about market collapse: If BitGo goes down, would those assets be at risk? But when asked that question directly, BitGo CEO Mike Belshe, on stage at “The Shape of Things to Come: Crypto Custody in a Proof-of-Stake World” panel, said there was nothing to fear.

“The big thing we do is try to remove single points of failure,” Belshe said. BitGo’s multi-signature key system secures assets, even if one layer gets breached – the clients hold the keys, he said.

Belshe credited BitGo’s growth to customers’ value of their multi-sig security.

In a statement, he said:

“It is a great assurance to our clients that they are always in control of their own assets no matter the circumstances. BitGo is their trusted partner that is focused on making the market for digital assets bigger, stronger and more secure every day.”

BitGo has invested recently in off-chain settlement systems, launching one aimed at institutional clients in May.

Mike Belshe image via CoinDesk archives

Credit: Source link

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

Share76Tweet47
Previous Post

Crypto and Blockchain Job Offers Increase by 26% in 2019 |

Next Post

China Central Bank Official: Digital Yuan Should Have 'Controllable Anonymity'

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Ethereum’s Top DEX Is Relaunching to Tap Istanbul’s Lower Gas Fees
Business

Ethereum’s Top DEX Is Rebooting With New Scaling Features

December 7, 2019
Bank of China Issues $2.8B in Bonds to Small Businesses Using Blockchain Tech
Business

Bank of China Issues $2.8B in Bonds to Small Businesses Using Blockchain Tech

December 6, 2019
Four Insights on Crypto Liquidity From Binance US and FTX
Business

Four Insights on Crypto Liquidity From Binance US and FTX

December 6, 2019
Kadena Blockchain Taps Healthcare Data Firm to Track Medical Cannabis Product
Business

Kadena Blockchain Taps Healthcare Data Firm to Track Medical Cannabis Product

December 6, 2019
Ethereum’s Top DEX Is Relaunching to Tap Istanbul’s Lower Gas Fees
Business

Ethereum’s Top DEX Is Relaunching to Tap Istanbul’s Lower Gas Fees

December 5, 2019
Crypto Lender BlockFi Rolls Out Zero-Fee Trading for Bitcoin, Ether, GUSD
Business

Crypto Lender BlockFi Rolls Out Zero-Fee Trading for Bitcoin, Ether, GUSD

December 5, 2019
Load More
Next Post
China Central Bank Official: Digital Yuan Should Have ‘Controllable Anonymity’

China Central Bank Official: Digital Yuan Should Have 'Controllable Anonymity'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Stories

  • Crypto Showing Strength on Global Economic Fears

    Crypto Showing Strength on Global Economic Fears

    190 shares
    Share 76 Tweet 48
  • Bitcoin Volatility Is Up, Liquidity Stagnant

    189 shares
    Share 76 Tweet 47
  • ‘No Change’ to Bitcoin Futures Plans, CME Says, as Cboe Pulls Back

    189 shares
    Share 76 Tweet 47
  • A Bitcoin Wallet Is Hurtling Toward the International Space Station

    189 shares
    Share 76 Tweet 47
  • Samsung Teases Early Blockchain Partners For Galaxy S10 Phone

    190 shares
    Share 76 Tweet 48
CoinNewsDaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • Ripple
  • Tech
  • Trading

What New here?

  • LedgerX Places Founders on Administrative Leave After Tussle With CFTC
  • XRP Will Soon Be Available on Biggest Cryptocurrency Exchange in Malaysia
  • Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ

Subscribe to Get More!

  • About Us
  • Contact Us
  • Privacy & Policy

© 2018 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • ICO Live
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • ICO
  • Business

© 2018 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$7,375.57
  • ethereumEthereum(ETH)$147.51
  • bitcoin-cashBitcoin Cash(BCH)$207.14
  • rippleXRP(XRP)$0.223399
  • litecoinLitecoin(LTC)$44.32
  • cardanoCardano(ADA)$0.037319
  • iotaIOTA(MIOTA)$0.203595
  • dashDash(DASH)$51.27
  • nemNEM(XEM)$0.035385
  • moneroMonero(XMR)$53.48
  • stellarStellar(XLM)$0.054483
  • eosEOS(EOS)$2.63
  • ethereum-classicEthereum Classic(ETC)$3.79
  • liskLisk(LSK)$0.67
  • tronTRON(TRX)$0.014318
  • neoNEO(NEO)$8.73
  • vechainVeChain(VET)$0.006852
  • qtumQtum(QTUM)$1.73
  • bitcoin-goldBitcoin Gold(BTG)$5.88
  • tetherTether(USDT)$1.00
  • omisegoOmiseGO(OMG)$0.74
  • iconICON(ICX)$0.132127
  • binance-coinBinance Coin(BNB)$22.60
  • nanoNano(NANO)$0.82
  • vergeVerge(XVG)$0.004731
  • bytecoin-bcnBytecoin(BCN)$0.000494
  • zcashZcash(ZEC)$31.23
  • ontologyOntology(ONT)$0.61
  • aeternityAeternity(AE)$0.163610
  • steemSteem(STEEM)$0.121733
  • wanchainWanchain(WAN)$0.187611
  • siacoinSiacoin(SC)$0.001476
  • bitsharesBitShares(BTS)$0.020049
  • bytomBytom(BTM)$0.077712
  • zilliqaZilliqa(ZIL)$0.006189
  • populousPopulous(PPT)$0.50
  • bitcoin-diamondBitcoin Diamond(BCD)$0.373104
  • bitcoin-privateBitcoin Private(BTCP)$0.149109
  • stratisStratis(STRAT)$0.297369
  • wavesWaves(WAVES)$0.57
  • rchainRChain(RHOC)$0.014414
  • dogecoinDogecoin(DOGE)$0.002211
  • hshareHyperCash(HC)$1.18
  • statusStatus(SNT)$0.010500
  • digixdaoDigixDAO(DGD)$17.22
  • loopringLoopring(LRC)$0.024628
  • iostokenIOST(IOST)$0.005921
  • aionAion(AION)$0.061619
  • waltonchainWaltonchain(WTC)$0.497612