BitGo Becomes Officially Qualified Crypto Custodian in United States

[Baofeng]

https://bitcoinnews.com/bitgo-becomes-officially-qualified-crypto-custodian-in-united-states/

BitGo has received approval from the South Dakota Division of Banking to be a public South Dakota Trust Company. This makes it an officially licensed crypto custodian in South Dakota, and the rest of the United States, because other states generally practice reciprocity when it comes to this sort of license.

What can you say about this news? Good or bad? Will this pump fresh blood on the ecosystem as institutional money will begin to flow? Is this kind of news sort of start a bull run? Share your thoughts.

[franky1]

when DCG contracted its portfolio'd devs(blockstream(SWx1) and bloq(SWx2)) to get segwit in by november 2017. which they did.. we seen how they responded by buying up a load of coins to pay the devs the price rise from mid november 2017-december

when DCG contracted its portfolio'd devs(bitgo) to get custodian licencing in america.. well.. i see bitgo getting their tranche of funds released to them too meaning another buyup of coin

[edsnowangel]

https://bitcoinnews.com/bitgo-becomes-officially-qualified-crypto-custodian-in-united-states/

BitGo has received approval from the South Dakota Division of Banking to be a public South Dakota Trust Company. This makes it an officially licensed crypto custodian in South Dakota, and the rest of the United States, because other states generally practice reciprocity when it comes to this sort of license.

What can you say about this news? Good or bad? Will this pump fresh blood on the ecosystem as institutional money will begin to flow? Is this kind of news sort of start a bull run? Share your thoughts.

In my opinion this is a quite good news because it's  another proof that more and more people are accepting the use of bitcoin in today's financial system. right and this might be a good opportunity for other company to see the power of bitcoin

[hitcrypto]

when DCG contracted its portfolio'd devs(blockstream(SWx1) and bloq(SWx2)) to get segwit in by november 2017. which they did.. we seen how they responded by buying up a load of coins to pay the devs the price rise from mid november 2017-december

when DCG contracted its portfolio'd devs(bitgo) to get custodian licencing in america.. well.. i see bitgo getting their tranche of funds released to them too meaning another buyup of coin

Bitcoin prices in 2018 have been marked by volatility which has made bitcoin price prediction in short-term a bit of a challenge, even for the experienced analysts. As at the time of writing, the price of Bitcoin took a dip from 10k to under 8k following news that search engine giants, Google will ban crypto-related ads. So far, 2018 has presented its own surprises though not a dramatic as the rollercoaster we say in 2017.