The raises comes nearly two months after BitGo ended its plan to buy beleaguered rival Prime Trust.
Crypto Custody Firm BitGo Hires Ex-Genesis Exec Matthew Ballensweig to Lead Go Network
Why Nasdaq Backing Out of Custody Is Bad, Bad News for Crypto
If a financial giant can’t navigate the red tape, who can?
Apparently It’s Very Difficult to Custody Crypto
BitGo Still Has Acquisitions Pending After Canceling Prime Trust Purchase
CEO Mike Belshe said he sees consolidation in the crypto custody sector in the next six months.
Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust
Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk.
BitGo’s Suit Against Galaxy Digital Over Canceled $1.2B Purchase Dismissed by Delaware Judge
Crypto custodian BitGo had agreed to a sale to Galaxy Digital in May 2021, but Galaxy pulled out of the deal last August amid the industry’s sustained bear market.
US court dismisses BitGo’s claims in $100M lawsuit against Galaxy Digital
Vice Chancellor J. Travis Laster of the Delaware Court of Chancery said Galaxy had a “clean termination right” to the acquisition of BitGo, which it announced in 2022.
Crypto custodian BitGo signals intent to acquire Prime Trust
Should the deal go through, Prime Trust’s infrastructure will “map over 1:1” with BitGo’s services, and add another trust company and crypto IRA fund.
Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Source
Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter.
U.S. Lawmakers Can Get Crypto Regulations Right if They Act Now
Securities token platform launches MPC wallet for institutions
The Web3 wallet allows institutions to control which employees are allowed to use the tokens held within it.
Crypto Custody Firm BitGo Releases Security Features Aimed at Bitcoin Ordinals
Custody provider BitGo has released a security tool for protecting Bitcoin Ordinals Inscriptions from accidental transfers.
BitGo patches critical vulnerability first discovered by Fireblocks
BitGo has patched a vulnerability that threatened to expose the private keys of retail and institutional users.
Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO
According to Mike Belshe, the U.S. SEC’s reluctance to address a “basic” regulatory issue like the issuance of a BTC ETF could have paved the way for FTX’s alleged illicit activities.
The SEC’s Custody Rule Would Be a Net Positive for Crypto
Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO
The CEO of Bitgo stated that the Alameda representative failed the security verification process required to convert wrapped-BTC into BTC.
BitGo sues Galaxy Digital for acquisition breach, seeks $100M in damages
BitGo has accused Galaxy of “improper repudiation” and “intentional breach” of the merger in a lawsuit filed with Delaware Chancery Court.
Galaxy Digital delays BitGo acquisition to later on in 2022
The acquisition is scheduled to follow Galaxy’s domestication in Delaware, which is expected to become effective between Q2 and Q4 of 2022.
Avalanche eyes 60% rally as AVAX price breaks out of bull flag
The bullish setup also emerged as crypto custodian BitGo announced that it would add AVAX to its service portfolio.