Mike Novogratz-Backed BitGo Offers $100 Million in Crypto Insurance

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 damage of private keys. Mike Belshe, the CEO of BitGo, touted the new service: “This is the most complete insurance offering in the industry. It is not always easy for some clients to understand under what circumstances their investments

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Ethereum Price Struggles to Hold above $100 as Crypto Winter Grows More Frigid

Since our last crypto market round-up report on Friday, the climate has changed significantly for at least one major cryptocurrency: Ethereum. All eyes are on Ether as it pushes closer and closer to the $ 100 mark. Bitcoin, meanwhile, briefly crossed the threshold of $ 3,400. By most accounts, the Bitcoin price is working on a test of the $ 3,000 mark, which is both a psychological and market indicator. Bitcoin Price Likely to Test $ 3,000 The Bitcoin price‘s 3-day chart looks a bit hellish if you’re a bull in this cold weather. Bitcoin has lost $ 200 over the past three days. Average users

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100% Completed: The BitTorrent ICO is a 15-Minute Sellout

BitTorrent, acquired by Tron last year, completed an ICO today beginning at 3:00 PM UTC using Binance Launchpad. Two simultaneous sales were run for Binance Coin and Tron. Neither market lasted longer than 15 minutes, according to Binance. More BTT was available for Tron than BNB. In the BNB session, all 23.76 billion BTT were sold to token sale participants within 13 minutes and 25 seconds. Meanwhile, in the TRON session, all 35.64 billion BTT were sold within 14 minutes and 41 seconds. BTT is a TRC-10 token that incentivizes improved file sharing on the network. The new system will

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Anyone calling Proof of Keys a “bank run” is confusing banks – who give loans and are fractional reserve by nature – to exchanges and wallets which make money on trade and transfer fees and should always be 100% solvent.

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