BitGo ‘exaggerated extent of insurance coverage,’ underwriter claims
Crypto services firm BitGo has been accused of using ‘ambiguous language’ when describing its new insurance coverage.
Crypto services firm BitGo has been accused of using ‘ambiguous language’ when describing its new insurance coverage.
Custodial assets held by BitGo are covered by the Lloyd’s insurance market up to the value of $100 million, with the firm itself covered by a variety of policy types to its customers.
Investment giant Goldman Sachs has led a successful $59 million Series B funding round in crypto custodian service BitGo, in the latest example of a major Wall Street institutional investor backing the cryptocurrency sector.
The South Dakota Division of Banking has approved the BitGo Trust Company’s application as a cryptocurrency custodian.
The fight to initiate the November hard fork isn't over yet for one group, which has vowed to continue signalling for SegWit2X.