Investors are adding cryptocurrency to their retirement portfolios at record levels as Bitcoin soars above $11,000. That’s according to Chris Kline, CEO of Bitcoin IRA, the largest bitcoin retirement platform. Speaking to CCN, Kline said his firm has seen more interest and activity in the last six weeks than in over a year. “Trading volumes on our IRA platform are at all-time highs and we expect...
By CCN: SIM hijackers aiming to steal bitcoin and other cryptocurrencies are getting bolder and more daring. No longer are they just going for the soft targets but are now even pursuing the technologically adept and sophisticated. One such victim is the engineering manager at cryptocurrency custodian BitGo, Sean Coonce. In a bold move, the blockchain engineer has publicly revealed that attackers...
BitGo, a crypto custodian backed by Goldman Sachs, is offering up to $100 million in insurance coverage for cold-wallet assets through Lloyd’s. There is no additional cost to BitGo clients. In a press release, the company said the $100 million of insurance coverage protects custodial assets held by BitGo against: Third-party hacks. Insider theft by employees of private keys. Physical loss or...
Blockchain security firm BitGo has entered a partnership that will allow its clients to trade cryptocurrency assets that are held in its custody. The partnership with over-the-counter exchange Genesis Global Trading will allow BitGo clients to trade their digital assets without having to move them from the custody service to a crypto exchange. Under the partnership, Genesis will execute the...
Throughout the past eleven months, the Bitcoin price has dropped from $19,500 to $3,000, by nearly 85 percent. The dominant cryptocurrency fell by 85 percent on average in its four past major corrections, so a similar drop from its all-time high was expected by many investors. But, according to Bitcoin and technology researcher Boris Hristov, this bear market could potentially last significantly...
Nearly three months have passed since Goldman Sachs, a $73 billion investment bank based in the US, said that it is not ready to facilitate the delivery of “physical Bitcoin” to its clients. The banking giant is still not able to hold cryptocurrencies on behalf of its clients, despite growing demand from clients. At a conference in New York, Justin Schmidt, the head of digital asset markets at...
We all know what BTC, BCC, and ETH are. But new to the reader may be symbol WBTC – short for “wrapped Bitcoin,” which will essentially be a token on the Ethereum blockchain tied directly to the value of Bitcoin. A combined effort of Kyber Network, Republic Protocol and BitGo, the token will have two important effects on cryptocurrency. First, it will enable Bitcoin to participate in Ethereum...
Crypto loans provider Nexo has announced that XRP is now accepted as a collateral option for users to access instant loans. Announcing the move on its official blog last week, Nexo revealed that the decision was taken following the outcome of a community poll which indicated that users wanted XRP added as an option. The move potentially adds another significant use case to XRP, which is already...