Bitcoin on the Ethereum Blockchain? Welcome to 2019

We all know what BTC, BCC, and ETH are. But new to the reader may be symbol WBTC – short for “wrapped Bitcoin,” which will essentially be a token on the Ethereum blockchain tied directly to the value of Bitcoin. A combined effort of Kyber Network, Republic Protocol and BitGo, the token will have two …

BitGo Approved to Operate as Regulated Cryptocurrency Custodian

Blockchain security startup Bitgo has announced that it has received regulatory approval in the U.S. to offer cryptocurrency custody services. With the move, BitGo becomes the latest company to throw its hat into the crypto custody ring as the market prepares to welcome large institutional investors who have previously been put off by crypto’s substantial …

Various Technical Indicators are Showing Bitcoin is Severely Oversold

Williams %R, a technical analysis oscillator that demonstrates oversold or overbought conditions of an asset, is demonstrating highly oversold conditions for Bitcoin. As Olga Kharif at Bloomberg reported, the Williams Percent Range (WPR) of Bitcoin is hovering at around -83 percent. In WPR, -80 to -100 percent is considered oversold and -0 to -20 percent …

Coinbase, BitGo Reaffirm Plans to Focus on Serving Institutions in Crypto

Two US-based crypto behemoths, Coinbase and BitGo, will continue to facilitate growing demand for Bitcoin from institutional investors by operating as trusted custodians. Earlier this week, BitGo was approved by South Dakota regulators to create and operate a crypto custody solution, while Coinbase established a new office in New York exclusively to handle institutional demand …

BitGo’s Lopp Offers $100,000 Reward to Catch Person Who ‘SWATed’ Him

Jameson Lopp, a SegWit2x opponent, BitGo engineer, and the creator of statoshi.info, has offered a $100,000 reward to anyone who provides information leading to the arrest and conviction of the person who made a fraudulent police report in October claiming he had killed someone at Lopp’s house in Durham, NC and was holding people hostage, …