Bitcoin “vault” provider Elliptic announced today that it has secured £1.2 million ($2 million) in a seed funding round led by Octopus Investments. The U.K.-based company is best known for its “enterprise-grade insured storage” of bitcoin, meeting the standards required for institutional-level investments. The investment marks the first major injection of bitcoin-focused venture capital funds […]

This morning, Coinbase unveiled a product called “The Vault.” As the name implies, the service adds a wealth of options for customers looking for long-term, high-security bitcoin storage solutions. Using a similar interface to Coinbase’s popular online wallet, Vault accounts allow for timed-locked withdrawals, multiple withdrawal approvals. Unlike Coinbase’s current simple two-factor-authentication user-verification system, Vault […]

If Xapo’s pitch is taken at face value, the California-based bitcoin security company will provide unprecedented levels of protection for user funds. In the wake of the Mt.Gox debacle, it’s not surprising that demand for a safe means of storing bitcoin is a high priority. Venture capital funds seem to think it’s an idea with […]