Odaily Planet Daily News BitGo CEO Mike Belshe defended the recent cooperation with BiT Global on Wrapped Bitcoin, saying that wBTC critics did not "honestly" express their concerns, saying: "There is no doubt that the model proposed by BitGo and the way to store keys are far better than any model that Coinbase can or will design." Despite concerns about Sun Yuchen's involvement, the deal with BiT Global is aimed at enhancing security and expanding in Asia, using a model of separating key custody among multiple institutions to eliminate single points of failure. (Coindesk)