Bitcoin whales are stashing their fortunes in underground vaults – but you shouldn’t

May 10, 2018 Neer Varshney


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…

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