Bitcoin, Technology, and Security by Mike Belshe
Mike Belshe: South Korea traditional bank to use Bitcoin as collateral for digital asset lending
A traditional bank in South Korea is moving forward with digital asset services, planning to use pristine Bitcoin as collateral for lending. Mike Belshe shared this update, highlighting the ...
BitGo introduces quantum resistance score for wallets, Mike Belshe notes
Mike Belshe highlights new security features recently implemented at BitGo to enhance wallet protection. He explains that the company now offers a quantum resistance score, which displays the ...
Mike Belshe: Crypto industry open to broad ethics legislation for all asset classes
Mike Belshe expresses support for comprehensive ethics legislation that would cover all asset classes, including crypto, stocks, and commodities. He states that members of the crypto industry ...
AI regulation could compromise American safety, Mike Belshe warns
Mike Belshe argues that regulating artificial intelligence could make Americans less safe. Referring to his own experience operating a regulated institution for 12 years, Belshe links existing ...
Mike Belshe: BitGo offers custody and self-custody with multi-sig or MPC security
Mike Belshe highlights that BitGo users are able to choose between both custody and self-custody solutions. All accounts are secured using either multi-signature or multi-party computation, ...
Potential $50 million bug bounty would be five times larger than wormhole payment, Mike Belshe notes
Mike Belshe compares a hypothetical bug bounty to the largest ever paid in the crypto sector. He states that if this scenario were classified as a bug bounty, the value would be around five times ...
Mike Belshe: BitGo adopts quantum safe protocols for securing digital assets
Mike Belshe encourages users to move their assets to BitGo, emphasizing that the platform is already quantum safe and will continue to implement all emerging quantum safe protocols as they become ...
Multi-signature protocols protect against failure, Mike Belshe writes
Mike Belshe highlights how multi-signature protocols help protect digital systems from single points of failure. He references commentary from BitGo co-founder Ben Davenport in 2014, noting that ...
Mike Belshe: Challenges AnthropicAI with 100 BTC test in BitGo wallet
Mike Belshe challenges AnthropicAI to prove its abilities by retrieving 100 BTC from a BitGo wallet. In his statement, Belshe questions AnthropicAI's approach to security and marketing, ...
BitGo employs disaster recovery with keys miles apart, Mike Belshe notes
Mike Belshe highlights the connection between physical and virtual worlds in digital asset security. He explains that BitGo custody utilizes a multi-party model, with encryption keys stored ...
Mike Belshe: Illinois digital asset tax act violates dormant commerce clause
Mike Belshe raises concerns that Illinois' Digital Asset Tax Act places undue burdens on blockchain transactions and nationwide digital asset businesses. He supports the position of Digital ...
BitGo deploys 2-of-3 key model for secure transactions, Mike Belshe notes
Mike Belshe outlines that BitGo has been operating with a 2-of-3 multi-party computation (MPC) or multisig model for over 10 years. This approach gives a portion of the cryptographic key to an ...
Mike Belshe: Industry sees largest real asset tokenization production on BitGo
Mike Belshe reports that real asset tokenization has shifted from concept to active production in the industry. According to Belshe, BitGo facilitated the conversion of DTC-held assets into ...
Owning a whole Bitcoin will inspire stories, Mike Belshe notes
Mike Belshe highlights a future scenario in which possessing an entire Bitcoin will be considered an impressive achievement. He imagines people expressing surprise that earlier generations once ...
Mike Belshe: Next crypto bull run expected to be slower and less volatile
Mike Belshe predicts that the next crypto bull run will be characterized by slower and less volatile market movements compared to previous cycles. He describes this change as a positive ...
BitGo exchange fees do not spike during volatility, Mike Belshe notes
Mike Belshe highlights how trading fees behave during volatile periods in crypto markets. He states that BitGo fees remain steady even when volatility increases, while single exchange fees ...
Mike Belshe: Firms must stop serving EU clients without authorization after July 1
Mike Belshe highlights that after July 1, firms lacking proper authorization will no longer be able to serve EU clients. He stresses that users should not be left scrambling due to platforms still ...
MiCA requirements tie stablecoin reserves to fractional banks, Mike Belshe warns
Mike Belshe raises concerns about the impact of MiCA regulations on stablecoin issuers. According to Belshe, the rules require these issuers to hold reserves in fractionally reserved bank ...
Mike Belshe: Bitcoin positioned as hard money alternative in macro landscape
Mike Belshe describes Bitcoin as hard money that cannot be printed, suggesting it serves as an exit from macroeconomic traps. He presents Bitcoin as a viable alternative to traditional currencies ...
Strive now holds 16,500 BTC, Mike Belshe notes
Mike Belshe highlights the growing trend of companies adding Bitcoin to their treasuries. Strive has now accumulated 16,500 BTC, making it the seventh largest publicly traded Bitcoin holder. ...
Mike Belshe: End of easy money era if QE criticism enforced
Mike Belshe highlights that Warsh has been a persistent critic of quantitative easing and the expansion of central bank balance sheets. He suggests that if Warsh's stance is put into practice, ...
