This weekend the leading cryptocurrency security platform, Bitgo, announced the launch of custodial storage solutions for institutional investors. The new custodial program aims to offer a multi-level suite for digital asset security in partnership with the firm Kingdom Trust.
Also read:
Bitgo Offers a Secure Custodial Platform for Institutional Investors
The Palo Alto-based firm is now offering due to a partnership with Kingdom Trust. The news follows the recent announcements from the Wall Street giant , and companies like Coinbase offering services to . The latest institutional grade suite offered by Bitgo and Kingdom Trust provides custody services like treasury controls, advanced security solutions, and 24-7 monitoring.
Multi-level services for the new custodial products include self-managed custody, institutional custody with multi-sig wallet, and the Bitgo offline vault. The vault stores keys offline and when tethered to a multi-signature wallet it can be programmed to require co-signers.
“Secure your digital assets in an offline multi-signature vault in minutes — An offline vault generates and stores private wallet keys on a clean air-gapped computer,” Bitgo’s offline storage .
To spend funds from an offline wallet securely, you can sign transactions with your private keys offline using Bitgo Offline Vault — This means your private keys are never online or linked to a computer connected to the internet.
Bitgo Will Face Competition from Others Providing Services to the Crypto-Wealthy
The company’s website which details the new custodial services says the products are more robust due to the partnership with Kingdom Trust. The services will be backed by individuals with digital asset solutions expertise, while also meeting the regulatory compliance requirements around custody of digital assets. The news follows the company’s implementation of seven new cryptocurrencies including bitcoin Cash, Litecoin, Ether, Ripple and Royal Mint Gold. Further, the Bitgo revealed its enterprise-grade Ethereum wallet has seen a lot of growth and on April 17 Bitgo added support for ERC-20 tokens.
The latest Bitgo custodial services offering digital asset security for institutional clientele will also compete against a product offered by a former Bitgo employee . The former Bitgo engineer will also provide institutional grade security for cryptocurrency millionaires. The firm also aims to serve the crypto-wealthy was launched six months ago raising $2.1Mn USD from groups like Boost VC, and Compound. Bitgo’s CEO Mike Belshe stated back in January when the firm first acquired Kingdom Trust that he believes Bitgo’s new services marry technology with security.
“Bitgo and Kingdom are building products for the future – marrying the new technology with the safety and controls all investors require,” Belshe explained at the time.
What do you think about Bitgo offering custodial solutions for institutional clientele? Let us know in the comments below.
Images via Shutterstock, and Bitgo.
The post appeared first on .
Good news from the United Kingdom about ether futures helps bouy the price. Ethereum is down -0.25% in 24 hours, down -8.02% on the week and up 47.23% on the month on a last price of $730.16. The Ethereum marketcap is $72,601,508,612 with a circulating supply of 99,432,328 $ETH. $ETH/USD is trading between a 24hr high of $741.71 and a 24hr low of $684.36 on a 24hr Bitfinex volume of $234,273,000. This trading volume is moderate to heavy. The weekly price trend is mixed.
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Brief
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Last price
$USD
Price change
Volume
Market Share
Remarks
Bitcoin Background
Highlight Chart
Data sources
Market capitalization
Daily high low
Trend
Resistance
Support
Market sentiment
Summary
Cryptocurrency Storage Safety
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Bitcoin & Ethereum Market Reports
730.16 $ETH/USD
| last price | $ 730.16 |
| one week ago | $ 793.79 |
Price change is the $ETH percentage change within the period:
| period | change |
| day | -0.25% |
| week | -8.02% |
| month | 47.23% |
| USD | $234,273,000 |
| all $ETH currencies | $3,083,810,000 |
The 24 hour volume for $ETH/USD on Bitfinex is $234,273,000. This volume weight is moderate to heavy when compared with Bitfinex daily trading levels for $ETH over the last month.
The total 24 hour volume for all reporting $ETH markets is $3,083,810,000.
Good news about ether futures bouys the price of ether. Ethereum is down -0.25% in 24 hours, down -8.02% on the week and up 47.23% on the month on a last price of $730.16. The Ethereum marketcap is $72,601,508,612 with a circulating supply of 99,432,328 $ETH. $ETH/USD is trading between a 24hr high of $741.71 and a 24hr low of $684.36 on a 24hr Bitfinex volume of $234,273,000. In moderate to heavy volume trading the weekly trend is mixed.
Ether spent the first part of the week nosing down. Positive ether futures news was published on Friday. On Saturday the ether price turned around, and yesterday we saw a substantial increase.
The increase is in part due to digital asset trading service Crypto Facilities launching ethereum futures contracts. The move is anticipated to positively impact the acceptance and growth of Ethereum in the UK and Europe.
Social media buzz on Twitter suggests this also may pave the way for ether futures in the USA:
Ethereum Futures in US One Step Closer as CME Deal is Struck
— Ohio bitcoin (@ohiobitcoin)
One Year $ETH Chart
$ETH One Day Candles
Browse Ethereum Collection
Learn about the unique characteristics of $ETH. Browse our collection of
Monday May 14 2018 bitcoin Background
Altcoins such as Ethereum ($ETH) may show a relationship with bitcoin ($BTC) which changes with the alt, bitcoin and market conditions:
24 Hours of bitcoin
24 Hours of #bitcoin
1.21% price $8,769.86
vol $7,324,260,000
mktcap $149,378,779,352
17.03M #XBT 19:27
XBTLivePriceTM
Yesterday
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Tap / click to enlarge:
Main Data Source
is the main data source for this report. The One Day Candles chart, highlight chart, and digital asset numeric trading data are from Bitfinex.
Secondary
CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from
Tertiary
XBTLivePriceTM and 24 Hours of bitcoin are fine data products from
Other sources are credited where used.
Market capitalization is the total $US dollar value of the Ethereum market calculated using the formula:
| Market cap | $ 72,601,508,612 |
| Circulating supply | 99,432,328 |
| Last price | $ 730.16 |
| 741.71 USD |
| 684.36 USD |
The weekly trend is mixed.
Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.
Resistance is the highest price within the period:
| day | 741.71 USD |
| week | 797.78 USD |
Support is the lowest price within the period:
| day | 684.36 USD |
| week | 637.12 USD |
Market sentiment is neutral.
Good news about ether futures bouys the price. Ethereum is down -0.25% in 24 hours, down -8.02% on the week and up 47.23% on the month on a last price of $730.16. The Ethereum marketcap is $72,601,508,612 with a circulating supply of 99,432,328 $ETH. $ETH/USD saw weekly resistance at $797.78 USD and weekly support at $637.12 USD. Market sentiment is neutral. The weekly price trend is mixed in daily moderate to heavy volume trading.
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Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Monday May 14 2018 18:16 hours UTC. Contact to request custom reports. Share your thoughts with
Ethereum, $ETH, USD, Bitfinex, Market, Report, $ETH/USD, altcoins
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