[Nov 17, 2023 8:53 AM] BitGo CEO Mike Belshe said it's "quite likely" the Securities and Exchange Commission (SEC) will reject a series of spot bitcoin ETF applications despite industrywide optimism.
[Nov 3, 2023 8:30 AM] The network effect of BitGo’s cold storage settlement system and Copper’s ClearLoop comprises exchanges like Bybit, OKX, Powertrade, Bitget, Gate.io, Deribit, BIT, Bitfinex, and Bitstamp.
[Nov 1, 2023 2:23 AM] BitGo had already been storing crypto assets under the regulator's supervision since 2019 as part of a transitional regime, the firm said.
[Oct 19, 2023 8:18 AM] Onramp, a bitcoin asset management firm, has officially announced the launch of their new multisig custody platform. In an era where the way bitcoins are stored and managed becomes crucial, Onramp brings an innovative solution that promises to set…
[Oct 19, 2023 7:30 AM] Onramp is harnessing multisig security, in which multiple custodians control the private keys to the bitcoin being held, tapping BitGo to perform this role alongside Coincover and Kingdom Trust.
[Sep 15, 2023 6:31 AM] "It's important to us to build a custodian without the risks of securing many altcoins within the same trust company as bitcoin," Cory Klippsten, CEO of Swan, said.
[Sep 14, 2023 3:30 PM] Swan Bitcoin is offering new insight into how Bitcoin stored on its exchange will be held in custody in the future, following a tumultuous month in which many of the company's users were left looking for clarity.Announced Thursday, Swan Bitcoin…
[Sep 13, 2023 2:00 PM] The bankrupt crypto exchange FTX received permission to sell its crypto assets valued at more than $3.4 billion after John Dorsey, the presiding bankruptcy court judge, approved the motion. Moreover, Tron founder Justin Sun took to social media and…
[Aug 16, 2023 11:34 AM] BitGo, a leading Bitcoin and cryptocurrency custody firm, announced on Wednesday that it has successfully raised $100 million in its Series C financing round, bolstering its valuation to $1.75 billion. The funds will be allocated to…
[Aug 16, 2023 11:30 AM] The digital asset trust firm Bitgo, headquartered in Palo Alto, California, has secured $100 million in a Series C funding round. While the company remains tight-lipped about the participants in this financial endeavor, this fresh infusion of…
[Jun 22, 2023 10:09 AM] BitGo's plans to acquire Prime Trust, a prominent custody firm, have taken an unexpected turn as BitGo recently announced on Twitter the cancellation of the acquisition. The initial announcement had generated excitement within the industry, as the…
[Jun 22, 2023 10:00 AM] On June 22, 2023, Bitgo, a digital assets firm and crypto custodian, declared the termination of its planned acquisition of custodian Prime Trust. The company cited a “considerable effort” in attempting to chart a course for Prime…
[Jun 22, 2023 7:59 AM] 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.
[Jun 14, 2023 5:30 PM] Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals…
[Jun 12, 2023 3:44 PM] A U.S. court has dismissed the lawsuit filed by BitGo against Galaxy Digital in relation to a failed merger previously agreed to in 2021.In the company’s response to the terminated merger agreement, BitGo had alleged that Galaxy Digital failed to…
[Jun 12, 2023 9:51 AM] 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.
[Jun 12, 2023 9:03 AM] 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.
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