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☆ Bitcoin is 'a better form of gold,' says BitGo CEO
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin is 'a better form of gold,' says BitGo CEOMike Belshe, co-founder and CEO of BitGo, discusses bitcoin halving and what it might mean for miners and investors.

Persons: Mike Belshe

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin briefly crosses $72,000 for first time since mid-March and ether soars 8%: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, BitGo's Matthew Ballensweig, who is the head of Go Network, weighs in on what's driving crypto prices. Ballensweig also explains what he believes is the "defining moment" for bitcoin.

Persons: explainers, Matthew Ballensweig, Ballensweig Organizations: CNBC Crypto, CNBC, Go Network

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rockets to $64,000 as it closes in on previous all-time high: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Mike Belshe, co-founder and CEO of BitGo, breaks down the bitcoin ETF hype and the cryptocurrency's rally.

Persons: explainers, Mike Belshe Organizations: CNBC Crypto, CNBC

☆ Crypto needs market structure to create checks and balances, says BitGo CEO Belshe
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto needs market structure to create checks and balances, says BitGo CEO BelsheMike Belshe, BitGo CEO, joins 'Closing Bell Overtime' to talk what's next for FTX, the crypto market, federal regulation and more.

Persons: Mike Belshe Organizations: FTX

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin jumps as high as $35,000 amid rally fueled by spot ETF optimism: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Mike Belshe of BitGo reacts to the rally in bitcoin's price and optimism around a spot bitcoin ETF.

Persons: explainers, Mike Belshe Organizations: CNBC Crypto, CNBC

☆ FTX reportedly transferred $500 million of crypto onto a USB stick to stop it from being stolen by hackers
▼ + stars: | 2023-10-10 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Hackers stole millions of dollars of crypto from FTX after the company declared bankruptcy. At the time, the company transferred $500 million onto a USB drive to safeguard it, per Wired. AdvertisementAdvertisementFTX employees reportedly scrambled to stop hackers from making off with $1.1 billion in crypto as the crypto exchange went into meltdown late last year. According to a report from Wired, FTX adviser Kumanan Ramanathan held as much as $500 million worth of assets on a USB drive for several hours to protect it from hackers. FTX's security failures have been well documented since the crypto exchange collapsed last year.

Persons: Sam Bankman, —, Kumanan Ramanathan, Ryne Miller, FTX, Fried Organizations: Service, Wired, Staff

☆ Ripple buys crypto infrastructure startup in its second acquisition of 2023
▼ + stars: | 2023-09-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Founded in 2021 by Scott Purcell, an entrepreneur with a background in equity and debt crowdfunding, Fortress Trust aims to help large enterprises interact with digital currencies. The company uses a blockchain-based messaging system, akin to SWIFT, to approve speedy transactions between a network of banks and other financial institutions. A Ripple spokesperson declined to comment on the size of the deal but said that it is less than the sum Ripple paid to buy Metaco. Ripple also obtained a Nevada trust with its acquisition of Fortress Trust, adding to its growing list of regulatory permits globally. The company told CNBC previously it was also looking to get an e-money license with the Irish central bank.

Persons: Brad Garlinghouse, Ripple, Scott Purcell, Purcell, BitGo, SWIFT, Britain's, Singapore's, XRP, Stu Alderoty Organizations: Trust, Prime Trust, SBI, U.S . Securities, Exchange Commission, MoneyGram, CNBC, Monetary Authority of, Fortress Trust Locations: Austin , Texas, Nevada, U.S, Swiss, Fortress Trust's, York, New York, Monetary Authority of Singapore, Irish

☆ Crypto is trying to fix its custody problem as institutions pour in and regulatory uncertainty lingers
▼ + stars: | 2023-06-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

And the highly regulated institutions wanting to give their clients access to bitcoin are still a little skeptical that the crypto industry has learned its lessons. Another issue is there aren't enough dedicated custodians in the crypto industry. The Go Network acts as a platform on which partner firms can execute and settle trades between crypto assets and fiat currencies. BitGo handles custody of crypto assets while dollars are spread across a network of banks for safekeeping. "[The crypto industry] was operating on the edge, saying, it's risky, but we're making a lot of money.

Persons: Crypto, Bitcoin, Roger Bayston, Franklin Templeton's, FTX, Schwab, Gustavo Schwenkler, It's, David Wells, haven't, it's, BitGo, Mike Belshe, CNBC's, Wells, Belshe, BlackRock's Joseph Chalom, Franklin Templeton's Bayston Organizations: Crypto, New York City, Arrows, Terraform, Securities and Exchange, Fidelity, Citadel, EDX, Valley Bank, First, Leavey School of Business, Santa Clara University, Nasdaq, Bank of New York Mellon, CNBC, Go, Markets, Schwab, BlackRock, Securities, Exchange, Coinbase Locations: Coinbase State, New York, First Republic, PacWest, Wells

☆ BitGo CEO Mike Belshe discusses the launch of the Go Network
▼ + stars: | 2023-06-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitGo CEO Mike Belshe discusses the launch of the Go NetworkBitGo CEO Mike Belshe spoke exclusively with Crypto World about the launch of the firm's Go Network and the problem with crypto market structure to date.

Persons: Mike Belshe Organizations: Go Network, Crypto, Go

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitGo CEO discusses Go Network launch, and report shows FTX owed customers $8.7 billion: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, BitGo CEO Mike Belshe spoke exclusively with Crypto World about the launch of the firm's Go Network and the problem with crypto market structure to date.

Persons: FTX, explainers, Mike Belshe Organizations: Go, CNBC Crypto, CNBC, Crypto

☆ Watch CNBC's full interview with BitGo CEO Mike Belshe at Digital Assets Week
▼ + stars: | 2023-05-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with BitGo CEO Mike Belshe at Digital Assets WeekMike Belshe, CEO of BitGo, discusses the future of tokenization on Wall Street and how uncertainty around U.S. crypto regulation is affecting the industry.

☆ Here's how a serial founder and former US diplomat raised $25 million to create a crypto superapp — and why it's gotten backing from investors like JetBlue and the Winklevoss twins
▼ + stars: | 2023-03-07 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

Kresus, which is building a crypto superapp, has raised $25 million led by Liberty City Ventures. Traina's company, Kresus, has raised $25 million in Series A funding led by Liberty City Ventures, the company's first round of financing, to bring that vision of a crypto superapp to fruition. JetBlue Ventures, Craft Ventures, Franklin Templeton, Salesforce CEO Marc Benioff, and Gemini cofounders Tyler and Cameron Winklevoss also participated in the round. That track record helped win over Liberty City Ventures, whose portfolio includes the Web3 companies Animoca Brands, BlockApps, BitGo, and The Sandbox. James Lang, a managing director at Liberty City, told Insider that the quality of Kresus' team stood out among similar companies he'd reviewed.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin drops 3.5%, Polygon Labs cuts jobs, and Coinbase usage continues to fall: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Mike Belshe. the co-founder and CEO of BitGo, reacts to the SEC's crackdown on the crypto industry.

☆ Crypto protection and insurance startup Coincover just raised $30 million in fresh funds. Check out the 18-slide pitch deck it used to land the cash.
▼ + stars: | 2023-02-09 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Cryptocurrency protection and insurance startup Coincover just raised $30 million in funding. Check out the 18-slide pitch deck it used to land the fresh capital below. A startup that offers protection to crypto users against issues like loss of access to their digital assets has raised $30 million in fresh funds. The deal takes Coincover to $41.6 million in funds raised to date. Check out the 18-slide pitch deck Coincover used to raise the funds below:

Indeed, holders big and small are taking "self-custody" of their funds, moving them from crypto exchanges and trading platforms to personal digital wallets. As a percentage of total bitcoin supply, wallet addresses holding under 10 bitcoin now own 17.4%, up from 14.4% a year ago. "If you're just going buy and hold for the next 10 years, then it's probably worth making the investment and learning how to custody your assets really, really well." The stampede has been turbocharged by the FTX scandal and other crypto collapses, with large investors leading the way. David Wells, CEO of Enclave Markets, said trading platforms were extremely cautious of the risks of storing the investors' assets with a third party.

☆ Risk Management at Crypto Firms Is in Focus Following FTX Collapse
▼ + stars: | 2023-01-09 | by ( Mengqi Sun | ) www.wsj.com time to read: +7 min

Cryptocurrency companies are disclosing more information about their internal controls and risk management following the collapse of FTX, but a level of transparency in the industry that would make many investors feel comfortable remains far off. Jeff Horowitz, BitGo chief compliance officer Photo: Jeff Horowitz“We need better risk management, more guardrails…and we need some of that installed into the crypto industry,” said Jeff Horowitz, chief compliance officer at crypto custodian BitGo. Although most crypto firms aren’t subject to formal federal regulation, many have adopted the enterprise-risk-management programs that U.S. watchdogs require of mainstream financial institutions in the wake of the 2008 financial crisis. As the crypto industry matures, these executives said it is important for investors and consumers to check for signs of adequate risk management and compliance measures at crypto firms. Other signs include whether the company engages in outside due diligence, whether assets are segregated and how secure crypto assets passwords are kept.

☆ Institutions are charging forward in crypto, even in the industry's darkest days
▼ + stars: | 2022-12-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

After years of pooh-poohing cryptocurrency, institutions finally entered the crypto market last year and fell straight into crypto winter. "Right now [investors] are going back to basics, doing their homework, finding out what this means," said Lyn Alden, founder of Lyn Alden Investment Strategy. Near-term risk Institutions often look at big crashes like this one as opportunities , Alden said. "FTX destroyed trust in the industry and may delay traditional finance institutions that haven't already committed to digital assets to invest," Belshe said. However, for "institutions and brands that are already building products in crypto and Web3, we have not seen a slowdown of interest to build, grow and invest."

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin recoups losses, and JPMorgan breaks down the post-FTX crypto landscape: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Mike Belshe, the CEO of BitGo, discusses the company's custody of FTX assets.

☆ What BNY Mellon’s digital asset custody launch means for the crypto market
▼ + stars: | 2022-10-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

The crypto industry this week cleared a massive hurdle for attracting big investors after BNY Mellon said it's officially holding crypto assets in its custody for institutions. If the current market and regulatory environment weren't so bad, a wave of new investors might now be flooding into the crypto market. In the past month, Nasdaq has launched crypto custody for institutions and Franklin Templeton, Betterment, Société Générale and other wealth managers have made forays into crypto. Even though for many others, bitcoin has become a "boring" macro-driven asset with little utility, BNY Mellon clients have been looking beyond crypto's speculative nature. "You've got crypto assets, digital cash, stablecoins and then you have tokenized assets.

☆ Former Google ads boss launches ‘Web3’ search startup with backing from Coinbase, top VCs
▼ + stars: | 2022-10-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

The round was led by Paradigm, a prolific crypto and "Web3" dealmaker, while Coinbase, Sequoia and Greylock — where Ramaswamy is a partner — also invested. Nxyz was conceived earlier this year by a team of engineers at Neeva, a search engine that doesn't include any ads and blocks online tracking tools. In a March blogpost on Neeva's website, nxyz is described as "an experiment bringing the same user-first ethos of Neeva search to web3." Unlike Neeva and Google — the "Web2" behemoth Neeva wants to disrupt — nxyz's Web3 search software isn't targeted at consumers. "I think it'll be a very different trajectory" to Web3 and crypto companies that have run into financial troubles, he said.

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