Wednesday March 03, 2021
Bitcoin (BTC) $51,607.00   Ether (ETH) $1,607.94
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Crypto Exchanges

Singapore bitcoin exchange BiteBTC’s VC fund invests $10M in new data center

Published by CryptoNinjas.net
01/15/2019
Singapore bitcoin exchange BiteBTC’s VC fund invests $10M in new data center

BiteBTC, a Singapore bitcoin and cryptocurrency exchange announced today that its BiteBTC Venture Fund has allocated $10 million for the construction of a new distributed infrastructure of data centers to host BiteBTC Exchange servers, including a system of distributed cold storage of crypto assets based on multi-signatures.

The updated infrastructure will include data centers in Singapore, Zurich (Switzerland) and Boston (USA). All processed data (trading operations, deposits, orders, etc.) will be mirrored in three data centers in real time to avoid even the minimal threat of data loss. Additionally, it is supposed to reduce the latency in processing orders to 10-15 ms. All data centers are being equipped to meet the latest fire safety requirements and standards for reliable information storage.

A unique feature of the new infrastructure will be a multi-signature system for accessing crypto wallets. This system is designed so that the attack on one or even two data centers is not critical and access to the wallets is reliably protected. Coins from cold storage can be obtained only after receiving all three digital signatures from the three data centers.

It was reported that in the near future, BiteBTC will launch a number of services that allow real-time monitoring of the health of each component of the exchange’s infrastructure, including the operation of main servers, crypto assets storages, blockchain nodes, and other functional nodes.

The BiteBTC management said they are “confident that the requirements of security and reliable data storage will be highly appreciated not only by retail traders, but also will help attract large institutional investors.”

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

BiteBTC seeks new jurisdiction after Singapore disapproves verification methods
Featured

BiteBTC seeks new jurisdiction after Singapore disapproves verification methods

08/13/2018
BiteBTC launches $25 million blockchain venture fund
Capital Raising

BiteBTC launches $25 million blockchain venture fund

06/05/2018
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
CasinoCoin to migrate to XRP Ledger amidst rebranding

CasinoCoin to migrate to XRP Ledger amidst rebranding

03/01/2021
Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

03/01/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
Crypto services firm BCB Group raises $4.5M led by North Island Ventures and Blockchain.com Ventures

Crypto services firm BCB Group raises $4.5M led by North Island Ventures and Blockchain.com Ventures

03/02/2021
DEX aggregator 1inch integrates Bitquery's API-powered crypto trading data

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

03/02/2021
Crypto exchange BiKi cooperates with Hacken on security test

Crypto exchange BiKi cooperates with Hacken on security test

03/02/2021
Binance makes strategic investment in crypto hedge fund Multicoin Capital

Binance makes strategic investment in crypto hedge fund Multicoin Capital

03/02/2021
Crypto investment platform Unchained Capital closes $5.5M funding round

Crypto investment platform Unchained Capital closes $5.5M funding round

03/02/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version