Sentences with phrase «bitcoin on behalf of their customers»

At the same time, there are fresh concerns about the security of bitcoin and other virtual currencies after NiceHash, a company that mines bitcoins on behalf of customers, said it is investigating a breach that may have resulted in the theft of about $ 70 million worth of bitcoin.

Also, users do not technically hold the Bitcoin they purchase through the app themselves, as Square plans to keep safe all bitcoins on behalf of its customers.

Since the start of the year, however, more and more established investment houses have started to invest in bitcoin on behalf of their customers.

The brokerage buys bitcoin on behalf of its customers from international digital currency...

The Coinbase platform stores billions of dollars worth of bitcoin on behalf of its customers and Romero notes that any changes to the platform's infrastructure require «significant planning and consideration for the security and stability of our platform.»

Not exact matches

Mt. Gox claimed insolvency in 2014 after the alleged theft of around 850,000 bitcoins that it was holding for itself and on behalf of its customers.

Bitcoin brokers are individuals and companies that take buy and sell orders and execute those orders on an exchange on behalf of their customers.

Account services manage a bitcoin wallet on behalf of users, much like a bank manages a customer's funds.

While early Bitcoin wallet companies made people keep track of their own private keys — the secret 64 - character passwords that alone provide access to one's cryptocurrency — Coinbase's pioneering innovation was its offer to store keys on customers» behalf.

The US - based cryptocurrency holding has decided to cease paying bitcoin transaction fees on behalf of customers starting from 21 March.