Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
BitGo
cbBTC vs. WBTC: Coinbase Eyes Market Lead Amid BitGo Shift
Coinbase indicated plans for a cbBTC against the backdrop of Wrapped Bitcoin (WBTC), which has become controversial in crypto. While the product’s details are still unknown, Coinbase appears ready to dominate the market once again. Coinbase Gains Market Edge On WBTC Controversy The exchange’s announcement of a cbBTC turned heads, with pre-launch registration already live. Coinbase Layer-2 (L2) network Base hinted that it would run atop its blockchain, making it an alternative Bitcoin on Base, but this remains unclear. It…
10 months ago
CoinDCX Partners With BitGo to Ensure All Round Safety of Its Users’ Funds
Digital asset trust and security company BitGo has announced to offer custodial services to India’s leading crypto exchange CoinDCX, through a recent partnership. According to the recent announcement, BitGo has started storing digital assets held by CoinDCX crypto exchange. With BitGo’s protection, CoinDCX believes that the users’ funds with them are completely safe and makes the exchange one of the safest crypto trading platforms in the world. CoinDCX claims that their utmost priority is to ensure that all the security…
5 years ago
Crypto Lending Business To Finally Be Available in BitGo
BitGo, a crypto custody provider, will be launching an institutional-level crypto lending service. According to a 5th March 2020 announcement, this new venture named “BitGo Prime LCC” will be incorporated as a separate legal entity. BitGo Project's Business Interests BitGo's head of financial Services, Nick Carmi gave more details on this venture. This crypto lending platform shall aim to provide services to the credit market in a similar manner as more traditional financial markets. He believes this new venture shall…
5 years ago
Multi Signature (Multisig) Wallets – What You Need to Know
A Multisignature wallet (or Multisig wallet) is one where you need control over multiple private keys to spend from that wallet. That is, each address in the wallet has numerous private keys behind it. The idea with multi-sig wallets is that multiple people can cooperatively control the funds in the wallet. Alternatively, the wallet can require approval from various devices owned by the same person, i.e., a form of second-factor authentication. According to bitcoin.com, “Multi-signatures can also be used for redundancy to…
6 years ago