A prominent digital asset trust and security firm, Bitgo has solidified its commitment to innovation by joining the Hedera Council, signaling a strategic investment in the future success of the Hedera network. The company has actively supported the Hedera Token Service (HTS) and currently operates six mirror nodes on the Hedera proof-of-stake network. As the 32nd member of the Hedera Council, BitGo will play a key role in fostering network innovation and promoting decentralization.
Mike Belshe, BitGo’s CEO, said, “There is immense value in a diversity of purpose-driven networks, which is why we remain steadfast in our support for Hedera as a network that will push the boundaries of use cases, product development, and performance limits.”
Bill Miller, Chair of the Membership Committee for Hedera, said, “BitGo has extensive expertise and real-world experience with product development and architecture, governance, regulations, tokenomics, and go-to-market strategy, which they will bring to the Hedera Council and the wider Hedera ecosystem.”
BitGo, currently facilitating HTS tokens, aims to explore additional opportunities, including potential collaboration with the Go Network for real-time USD and digital asset settlement. Mike Belshe, said, “Through its continued relationship with the Hedera network, BitGo plans to explore future opportunities to expand offering support with the Go Network, its real-time USD and digital asset settlement network.”
The Federal Reserve has unveiled a new proposed rule that would require certain payment stablecoin issuers to…
Shares of HIVE Digital Technologies jumped more than 10% after the company announced a major $220 million, three-year…
Illinois has officially become the first U.S. state to impose a transaction-based tax on cryptocy activity…
The cryptocy market was hit by a sharp wave of volatility after the Federal Open Market…
Algorand is accelerating its push toward becoming one of the world's first fully quantum-resistant blockchains, announcing…
The long-awaited Digital Asset Market CLARITY Act is moving closer to becoming law as momentum continues building…