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Thursday, May 10, 2018
Bitcoin whales are stashing their fortunes in underground vaults – but you shouldn’t
Wondering how to secure your precious cryptocurrency fortune? A number of Bitcoin investors are locking up their loot in underground vaults across the globe to prevent them from being stolen. Xapo, a Hong Kong based company that provides Bitcoin wallet and cold storage services, now holds close to $10 billion worth of BTC in its vaults, Bloomberg reports. That’s roughly 6 percent of BTC’s current market cap being stored by a single entity – making Xapo one of the largest cryptocurrency storage services on the planet. Xapo is one of the first companies to capitalize on the security concerns associated with…
This story continues at The Next Web
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