Elliptic appoints Kevin Beardsley as Business Development Head

Kevin Beardsley, the former Director of Membership at Bitcoin Foundation, has been appointed by Elliptic, the UK-based bitcoin storage company, as the new Head of Business Development. He will be accountable for increasing the client base for the company's Vault service.

"It seems every day you read about another hack. With at least 5% of all Bitcoins already lost or stolen, the Bitcoin ecosystem desperately needs an accredited custodian like Elliptic to make Bitcoin a valid option for the capital markets", Beardsley said.

Last month, the company received ISAE 3402 accreditation and says that it insured its funds by an undisclosed "Fortune 100 insurer".