CoinHako, a Singapore based Bitcoin exchange, has recently announced that it has formed a partnership with BitGo, a leading secure Bitcoin wallet, that will protect its assets against loss from theft and hacking of any sort.
This recent rise in insured Bitcoin exchanges will make it more secure to conduct transactions through such exchanges, as your money will be protected by insurance. Safety and security have always been the greatest concerns regarding Bitcoin transactions. Unpleasant experience with exchanges like Mt Gox have alerted other exchanges in the Asian Bitcoin market to become more aware of the financial regulation and security needed for crypto currency exchanges.
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A Canadian based Bitcoin exchange, BitNational, has acquired Bitcoin Brains Inc. BitNational will be able to increase its market share in the Bitcoin brokerage arena with this partnership.
BitNational’s Calgary based operations will be able to expand their operations to more Canadian locations. This will allow BitNational to move a step closer to developing a nationwide network of Bitcoin exchanges.
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