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What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.
The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
Bitcoins in its pure essence is money. It is digital currency that serves the same functions and pu…

HaruBank Collaborates with BitGo to Ensure Security of Its Clients’ Crypto Asset

HaruBank Collaborates with BitGo to Ensure Security of Its Clients’ Crypto Asset

BitGo, a market leader and a multi-sig technology pioneer, will now offer its business hot wallet services to HaruBank. Users of HaruBank will have their assets secured by BitGo, ensuring peace of mind.

HaruBank was established in 2019. It operates a crypto depository service, which experienced rapid growth. With the annual interest rates of up to 15%, the service supports deposits in ETH, BTC, USDT, and Terra KRT. The service currently has a presence in Asia, Africa, and Latin America.

Block Crafters, a trusted digital asset service provider with a solid track record, launched HaruBank. The core services offered by Block Crafters include financial service for a digital asset. Additionally, they built their reputation as a blockchain media service, an accelerator for crypto and blockchain startups, and an integrating marketing service provider for businesses in the crypto sector.

HaruBank comprises of professionals in the blockchain industry. The team is passionate about the potential that is offered by digital assets. Block Crafter Capital, a crypto-based investment firm incorporated in Singapore, is known to be the primary asset management partner of HaruBank.

BitGo has an impressive track record when it comes to securing its clients’ assets. The platform has implemented the Cryptocurrency Security Standard (CCSS) Level 3, an open standard for the secure storage of crypto. It is currently the gold standard for any information system, which deals with crypto wallets as part of its business model. BitGo’s customer base includes some of the largest crypto exchanges in the world, such as Upbit, Pantera Capital, CME Group, and Kraken.

BitGo’s multi-sig wallet function, combined with the data cross-check process helps boost the security at HaruBank. It also has a robust set of rules for co-signing such as address whitelists, rate limits, secondary approvals, and webhooks to help boost the security of the client’s assets.

Contact for HaruBank service inquiry:

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This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post HaruBank Collaborates with BitGo to Ensure Security of Its Clients’ Crypto Asset appeared first on Bitcoin News.

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