Crypto exchange Bitget invests $30m in multi-chain wallet BitKeep


Cryptocurrency derivatives exchange Bitget has invested $30 million (£24.4m) into multi-chain wallet BitKeep to improve stability and security on its exchange.

The deal, which sees Bitget become the controlling shareholder of BitKeep, brings the wallet start-up’s valuation to $300 million (£244m).

Gracy Chen, managing director at Bitget, said: “Being one of the most trusted crypto exchanges with a $300 million user protection fund, we know how much security and...

PayPal finally allows digital currency transfers to an external wallet

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PayPal is finally allowing users to transfer digital currencies to an external wallet or exchange, nearly two years after the payments giant first opened up to cryptocurrency.

The feature is currently available to select users in the United States with plans to expand to the entire country in the coming weeks. It will initially support Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

It comes at a time when other large fintechs have been making similar shifts in strategy... reaches $1 trillion in transactions

Blockchain Vector, the cryptocurrency financial services company, has surpassed $1 trillion (£730 billion) in transactions on its platform.

An early player in the digital asset space, began as the first Bitcoin blockchain explorer in 2011, having since become a major global provider of wallet and exchange services.

A fifth of this trillion dollar milestone, that is to say $200 million (£146m), was transacted in the past six months alone, highlighting the...