FORMER BITCOIN FOUNDATION DIRECTOR JOINS ELLIPTIC

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Two London-based bitcoin startups have unveiled a new system that "ring-fences" customer funds from other operations. As part of the set up, derivatives trading platform Crypto Facilities will continue to match buyers and sellers, but its partner, Elliptic, will take custody of the platform's funds at its cold storage vault. Beardsley 31, joins Elliptic from Bitcoin Foundation, where he served as Director of Membership. He will be responsible for growing the client base for Elliptic Vault, an enterprise-grade insured storage for Bitcoin holdings. Already it is the Bitcoin custodian of choice for investment funds and publicly listed firms which represent more than ... Kevin Beardsley, the formerDirector of Membership at Bitcoin Foundation, has been appointed by Elliptic, the UK-based bitcoin storage company, as the new Head of Business Development. He will be ... A bitcoin is worth $271.77. Elliptic became the first Bitcoin firm to offer an insured storage service in January 2014, which was taken at the time as a sign the bitcoin industry was maturing. In ... Original Author: Stan Higgins – Go to Original Source – Bitcoin hit a one-month low on Wednesday as its price slipped below $8,300 during afternoon trading. –

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