#Bitgo

[bitcoinversed]

BitGo and Swan Announce Plans for America’s first Bitcoin-Only Trust Company

Both BitGo and Swan announced today they plan to launch a US-based Bitcoin-only trust company. The collaborative endeavor is awaiting regulatory green light, but once approved it will act as a trust company, handling Bitcoin custody, oversight, and stewardship for its beneficiaries.

No Altcoins Welcome: A Bitcoin Purist’s Dream

Cory Klippsten, the mind steering Swan, provides a perspective we’ve sorely lacked, Read More

[cryptotechnews24]

Nike's .SWOOSH Collaborates with Fortnite for Virtual Sneaker Experience

Nike's Web3 community platform, .SWOOSH, has joined forces with the immensely popular online multiplayer game Fortnite to introduce a unique virtual experience. This collaboration brings an extensive audience to Nike's .SWOOSH, leveraging Fortnite's staggering user base of over 240 million individuals who have logged into the game in the past 30 days alone.

Airphoria: A Sneaker Enthusiast's Dream

One of the highlights of this partnership is the launch of "Airphoria," a joint effort between Nike, Epic Games (the creator of Fortnite), and the branded game builder Beyond Creative. Available exclusively within Fortnite until June 27, this island allows players to immerse themselves in a digital environment where they can earn coveted digital sneakers.

The Air Max 1 '86 Back Bling: A Reward for Players

Any Fortnite player who spends a minimum of 10 minutes exploring the Airphoria island will receive the Air Max 1 '86 Back Bling, a digital sneaker accessory. This exclusive reward can be claimed through Nike's .SWOOSH platform as an "achievement." It's important to note that achievements are non-transferable and lack monetary value.

Nike's Expanded Collaboration with Fortnite

The collaboration between Nike and Fortnite doesn't stop at the Airphoria experience. Nike has also introduced several other digital items in partnership with the game, such as the Airie and Maxxed Out Max outfits, which players can acquire from the Fortnite Item Shop. To enhance the overall gaming and sneaker collecting experience, players are encouraged to link their Epic Games and .SWOOSH accounts. By doing so, they gain priority access to a forthcoming .SWOOSH Air Max virtual collection. According to Epic Games, this account linkage enables seamless integration of virtual goods, including Fortnite skins and Nike achievements, across different platforms.

The Role of BitGo: Crypto Custody Provider

.SWOOSH relies on BitGo, a reputable crypto custody firm, as its third-party wallet provider. This partnership ensures secure storage and management of digital assets associated with Nike's .SWOOSH platform, including digital sneakers and other collectibles.

NFT Sneakers: Our Force 1 Collection

Recently, .SWOOSH introduced its inaugural collection of non-fungible token (NFT) sneakers called Our Force 1. Despite facing occasional delays, the collection achieved remarkable success, surpassing $1 million in primary sales. According to data from Polygonscan, the collection consists of 62,250 OF1 boxes, priced at $19.82 each. It's worth mentioning that the author of this article is a proud owner of one of these exclusive NFT sneakers. On June 15, Nike allowed NFT holders to unveil their digital collectibles, offering a glimpse into future rarity traits and potential utility. .SWOOSH emphasizes that certain Nike digital collectibles provide unique advantages, such as access to limited physical product drops, live experiences, video game integration, and more.

Expanding Digital Creations: Nike's Collaboration with EA Sports

In a bid to extend the reach of its digital creations, Nike's digital arm, Nike Virtual Studios, recently partnered with EA Sports, a renowned video game developer. Through this collaboration, digital assets from Nike's .SWOOSH platform will find their way into the EA Sports gaming ecosystem. EA Sports, a division of Electronic Arts, publishes popular games like FIFA and Madden NFL, among others.

Conclusion

The collaboration between Nike's .SWOOSH and Fortnite has created an extraordinary virtual experience for gamers and sneaker enthusiasts alike. Through Airphoria and other digital offerings, players have the opportunity to earn exclusive digital sneakers, with achievements and rewards accessible via .SWOOSH. Moreover, the integration of Nike's digital creations into the EA Sports gaming ecosystem promises further excitement and possibilities for fans of both brands. As Nike continues to expand its presence in the digital realm, it demonstrates a forward-thinking approach that bridges the worlds of fashion, gaming, and technology. For more articles visit: Cryptotechnews24 Source: coindesk.com

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[full2njoy]

Nasdaq To Launch Institutional Bitcoin, Crypto Custody Services

Nasdaq To Launch Institutional Bitcoin, Crypto Custody Services

The exchange is set to enter the crowded market of institutional bitcoin custody as it aims to become a service provider in the cryptocurrency space. The Nasdaq is seeking to offer custody services to institutions dipping their toes into cryptocurrency. The exchange has been a service provider in the market for some time, but the new move marks a fresh foray into the sector. The Nasdaq’s new…

[idkripblog]

Coinbase Isyaratkan Peluncuran cbBTC di Tengah Kontroversi Wrapped Bitcoin oleh BitGo

[postmodernmulticoloredcloak]

From La Stampa (translated from Italian):

“Make Finance Great Again,” Trump family makes its own cryptocurrency and allies with Silicon Valley It will be called “World Liberty Financial,” will have tech investors and real estate developers from Chase Herro and Zak Folkman to Steve Witkoff inside. Sons Eric and Donald Jr. will coordinate. And his backer Tyler Winklevoss jokes, “Donald has been orange-pilled, indoctrinated.” Jacopo Iacoboni Sept. 17, 2024 Updated 11:00 a.m. 3 minutes of reading

They want to do a kind of “make finance great again,” along the lines of MAGA, the election slogan and the Make America Great Again campaign. Donald Trump's sons, Don Jr. and Eric, of course with their father's imprimatur, are about to launch a new cryptocurrency platform that will be called “World Liberty Financial,” and will allow users to make even massive transactions without a bank getting in the way and extracting fees (and with a very low level of tax tracking, it should be added). A couple of concepts familiar to bitcoin fans, for example, but which the Trump family now has ambitions to decline on a large scale. It is not certain that this marriage between Trumpism and decentralized finance, DeFi, is a harbinger of only positive developments. The board of “World Liberty Financial” will also consist of former crypto investors such as Chase Herro and Zak Folkman, and Steve Witkoff, a real estate developer and old friend of Trump. But thanks to documents filed with the U.S. Federal Election Commission that we have been able to read we know that in general the entire Trump campaign - Make America Great Again Inc. - received money not only from Musk, but cryptocurrency from billionaire twins Cameron and Tyler Winklevoss, who lead the cryptocurrency company Gemini: about $3.5 million in Bitcoin on July 19, the day after Trump's speech at the Milwaukee convention. The Winkelvosses also poured in money to America PAC, the tech investor-backed group that Musk helped launch in 2024 (Trump had bragged that Musk was giving him $45 million a month; Musk said his contribution is “at a much lower level”). Another co-founder of a cryptocurrency exchange, Jesse Powell, boss of Kraken, and venture capitalists Marc Andreessen and Ben Horowitz (who created a16z) who have invested billions of dollars in cryptocurrency startups, have also made endorsements and poured money into Trump. In short, for the Trump family to embark on this big cryptocurrency project is a natural consequence of the fact that these are almost becoming a Republican asset in the campaign, and the “libertarian” wing of the old Gop is now a kind of very, very rampant ideologized “cyberlibertarianism.” The real boss of the “tech bros” according to many is not Elon Musk, but Peter Thiel. Zuckerberg's longtime partner in Facebook, co-founder of PayPal, Thiel's fortune has at least doubled during the Trump presidency. Palantir-a much-discussed software company variously accused of extracting data from Americans and profiling them-has managed to get a contract from the Pentagon. Other donors to MAGA Inc include Jacob Halberg, Palantir's princely analyst, and Trish Duggan, a wealthy Scientology funder and friend of the tech bros. Trump's vice presidential candidate, J. D. Vance, traveled to Silicon Valley and the Bay Area, celebrating a dinner at the home of BitGo CEO Mike Belshe, 100 people each pouring in between $3,300 a plate and a $25,000 roundtable. Trump in 2021 called bitcoin a “fraud against the dollar.” A few weeks ago, speaking in Nashvill at the bitcoin fan conference, he promised, “The United States will become the crypto capital of the planet.” Better than his friend Putin's Russia, although this Trump did not say so explicitly. The fact is that after his speech, Tyler Winklevoss ran on X (now the realm of cyberlibertarians) and joked that Donald had been “orange-pilled,” making a Matrix analogy, had been “indoctrinated,” or had finally seen the real reality behind the appearances.

[questglt]

Certainly! Here are some cryptocurrency wallet development companies based in the USA:

Coinbase: A leading cryptocurrency exchange that also offers a wallet service.

Blockchain.com: Provides a popular cryptocurrency wallet and blockchain explorer.

Gemini: A cryptocurrency exchange and custodian that offers a secure wallet.

Edge (formerly Airbitz): Offers a user-friendly cryptocurrency wallet with a focus on security and privacy.

Exodus: Provides a multi-cryptocurrency wallet with a sleek design and intuitive interface.

BitGo: Offers institutional-grade cryptocurrency custody and wallet solutions.

BRD: Formerly known as Breadwallet, it offers a simple and secure mobile cryptocurrency wallet.

Coinomi: A multi-asset cryptocurrency wallet with a strong focus on privacy and security.

MyEtherWallet (MEW): Specializes in Ethereum and ERC-20 token wallets, offering both web and mobile versions.

Trezor: Known for its hardware wallets, Trezor offers secure cold storage solutions for cryptocurrencies.

These companies are among the prominent players in the cryptocurrency wallet development space within the USA.

[iampjr]

Expect Wall Street to go on a buying spree as they invest in #DeFi solutions. Thanks to @Rachelwolf00 for reporting on this. ‘DeFi will replace institutions entirely,’ says BitGo CEO Mike Belshe https://t.co/jRycDzbL6B via @cointelegraph

Expect Wall Street to go on a buying spree as they invest in #DeFi solutions. Thanks to @Rachelwolf00 for reporting on this. ‘DeFi will replace institutions entirely,’ says BitGo CEO Mike Belshe https://t.co/jRycDzbL6B via @cointelegraph

Expect Wall Street to go on a buying spree as they invest in #DeFi solutions. Thanks to @Rachelwolf00 for reporting on this. ‘DeFi will replace institutions entirely,’ says BitGo CEO Mike Belshe https://t.co/jRycDzbL6B via @cointelegraph — Patrick Rooney (@patrickrooney) Nov 2, 2022 https://platform.twitter.com/widgets.js from Twitter https://twitter.com/patrickrooney

[buyprofit]

Revolut и вираж в мир стейблкоинов

Revolut и вираж в мир стейблкоинов

Цифровой банк Revolut, давно известный своими новаторскими подходами в финансовых технологиях, готовится сделать важный шаг в мире криптовалют, планируя запуск собственного стейблкоина. С такой инициативой компания намерена укрепить свои позиции в стремительно растущей криптоиндустрии и стать заметным игроком на рынке стейблкоинов.

Revolut изначально зарекомендовал себя как гибкий и новаторский участник финтех-сектора, предлагая пользователям целый спектр услуг на удобной и регулируемой платформе. Получение банковской лицензии в Великобритании только усиливает позиции компании, позволяя предложить клиентам безопасные криптосервисы на юридически защищённой основе.

С запуском стейблкоина Revolut нацелен на серьезную конкуренцию с такими гигантами, как PayPal, Ripple и BitGo. Учитывая акцент на соблюдении нормативных требований и высоком уровне безопасности, компания предлагает продукт, который может заслужить доверие не только криптосообщества, но и более консервативных инвесторов. Текущий интерес со стороны пользователей и опыт компании в управлении финансовыми операциями станут важными факторами в успехе нового актива.

Завоеванная в июле лицензия от Prudential Regulation Authority (PRA) открывает двери для обширного спектра банковских услуг, доступных более чем девяти миллионам клиентов в Великобритании. Такой статус позволяет компании не только предлагать инновационные продукты, но и делать это в соответствии с высокими стандартами безопасности и регулирования.

Запуск стейблкоина может изменить правила игры для Revolut, предоставляя компании инструменты для углубления интеграции с криптоэкономикой. Ставка на регулируемость и безопасность может становиться новым стандартом, что, в свою очередь, усилит доверие пользователей и инвесторов ко всему сектору.

Revolut еще раз подтверждает свой статус лидера в финтехе, открывая новую главу в своей истории с запуском собственного стейблкоина. Это стратегический шаг, который может не только укрепить их позиции на крипторынке, но и задать новый вектор развития для всей индустрии.

Форум: https://buy-profit.ru/ ВК: https://vk.com/buyprofitvk Pinterest: https://ru.pinterest.com/BUYPROFITpin/ Телеграмм: https://t.me/buyprofitTg

[blockchainfeed]

BitGo’s USDS stablecoin will challenge major issuers like Circle and Tether, aiming to distribute up to 98% of earnings to network supporters. #Blockchain #Crypto

[bitrss-news]

Crypto custodian BitGo just launched a new stablecoin, USDS. Will it find a place in a crowded market dominated by Tether and USDC? - https://jmpto.net/gOPGu

[36crypto]

BitGo Set to Launch USDS Stablecoin with Unique Rewards System

BitGo, a prominent player in the crypto custody space, has announced its plans to enter the stablecoin market with a new offering, USDS. This stablecoin is scheduled for release in January 2025, and the company announced during the Token 2049 conference in Singapore. USDS aims to differentiate itself from other stablecoins by rewarding institutions contributing to its liquidity. The assets…

[alifscholar]

BitGo Launches Digital Asset Administration Platform for Protocols - CoinJournal

[coineagle]

Coinbase Head Denies Allegations of Peddling ‘Paper Bitcoin’ to BlackRock

Key Points

Coinbase is facing scrutiny over its Bitcoin reserves and transparency in its new cbBTC offering.

Despite allegations, Coinbase founder Brian Armstrong defends the company’s practices and audit processes.

Coinbase has found itself in the spotlight on 15th September, facing criticism and allegations of a lack of transparency in its Bitcoin (BTC) reserves.

This controversy was sparked by the launch of Coinbase’s wrapped BTC, cbBTC, a BTC derivative that can be used as collateral in the DeFi space.

Allegations of ‘Paper BTC’

Certain community members have alleged that Coinbase has ‘sold paper BTC’ to BlackRock without a proper 1:1 backing.

These critics are demanding to know the exact amount of Coinbase’s BTC reserves for its cbBTC and BlackRock ETF.

In response to these allegations, Coinbase founder Brian Armstrong defended the company’s practices.

Regarding the BlackRock allegations, Armstrong pointed out that Deloitte conducts annual audits of the company and that it is not Coinbase’s place to share clients’ wallet addresses.

Defending the Company

This is not the first time Coinbase has faced these allegations.

In May, similar claims were made against Coinbase and BlackRock, but they were dismissed by ETF experts like Eric Balchunas from Bloomberg.

Balchunas noted that the supposed lack of transparency was due to the absence of ‘in-kind’ redemptions in the ETF design.

However, Armstrong’s statement regarding cbBTC has left some community members unsatisfied.

Despite Coinbase being a centralized custodian, these members believe that the company should allow people to verify their BTC backing for cbBTC.

Competing with BitGo’s WBTC

Coinbase’s cbBTC will be competing with BitGo’s WBTC, which is transferring custody operations to Justin Sun’s firm.

Some of the allegations against Coinbase may be seen as a competitive move for market share.

Yet, it remains uncertain whether Coinbase will disclose its backing for cbBTC in the future.

[hashquest]

コインベース、自社L2のベース向けラップドビットコイン「cbBTC」をアピール | CoinDesk JAPAN（コインデスク・ジャパン）

[blockinsider]

Bitcoin Dips Below $60K as Mt. Gox Transfers $700M Worth of BTC

Key Points

Mt. Gox, a former Bitcoin exchange, has moved 12,000 Bitcoin, worth over $709 million, to an unknown wallet.

This Bitcoin transfer has potentially caused a drop in the cryptocurrency’s price, falling below the $60,000 mark.

Mt. Gox, once a leading Bitcoin exchange, has initiated another round of Bitcoin transfers. A total of 12,000 Bitcoin, valued at over $709 million, has been sent to an unidentified wallet. This information was revealed by blockchain analytics firm PeckShield. This transfer is believed to be the reason behind the recent drop in Bitcoin’s price, which has now slipped below the $60,000 mark.

According to a post by PeckShieldAlert, the 12,000 Bitcoin was moved to a wallet address labeled “1PuQB…nWhTb” late on Tuesday night. In addition, a separate transfer of 1,264.69 Bitcoin, valued at $74.77 million, was sent to another cold wallet associated with Mt. Gox. These transactions have not yet been further distributed to other wallets, leading to speculation among market observers.

Timing of Transfers

The timing of these transfers is significant, as they align with a pattern seen in recent weeks. Movements of Bitcoin from Mt. Gox often precede creditor repayments and significant fluctuations in Bitcoin prices.

On August 13 and 14, a wallet likely controlled by crypto exchange platform BitGo moved nearly $2 billion worth of Bitcoin received from Mt. Gox to a different wallet. Shortly after, the cryptocurrency dipped below the $60,000 level, only to rebound in the following days.

A decade ago, Mt. Gox was hit by a massive attack, resulting in the loss of over 850,000 Bitcoin. Since then, creditors have been struggling to reclaim their Bitcoin holdings. The repayment process, which started in July, has been slowly picking up pace, with recent data showing that around 70% of the transactions have been completed.

As of last week, over 17,000 creditors have received more than $3.2 billion worth of Bitcoin. However, the exchange still holds around $2.7 billion in Bitcoin, according to data by CryptoQuant.

Market Impact

The recent Bitcoin transfers have had an immediate impact on the market. The price of Bitcoin fell to around $59,600, marking a decline of over 2% in the past 24 hours. The cryptocurrency’s market cap also experienced a 2% downfall, currently standing at $1.17 trillion.

The overall market has also been affected, with Ethereum slipping below $2,600, currently trading at $2,606. Furthermore, the crypto fear and greed index has dipped to 26, indicating a sense of fear among investors.

Despite these market fluctuations, institutional interest in Bitcoin remains strong. On August 20, US spot Bitcoin exchange-traded funds (ETFs) recorded $88 million in inflows, with BlackRock’s IBIT and Ark’s ARKB attracting $55.4 million and $52 million, respectively. However, Grayscale’s GBTC saw a net outflow of $12.8 million on Tuesday.

As the Mt. Gox repayment process continues, investors will be closely monitoring it due to its potential to influence Bitcoin’s price.

[digicloudm]

Coinbase teases 'cbBTC’ days after BitGo Wrapped Bitcoin controversy

Coinbase has just teased the possible launch of a new product called “cbBTC” — with many commentators speculating that the United States-based crypto exchange is launching its own wrapped Bitcoin token. In an Aug. 13 post to X, the official Coinbase account said just one word: “cbBTC” before adding “coming soon” in a follow-up comment to the original post.  Source: Coinbase In another X post an…