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Crypto Biz: Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub
This week’s Crypto Biz explores the Binance Connect shutdown, BitGo’s funding round, the PayPal Crypto Hub and other news.
дальше »2023-8-19 00:50 | |
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BitGo valued at $1.75b after $100m funding round
The Palo Alto-based security infrastructure and custodian firm, BitGo, secured a $100 million Series C funding round. This put the company at a $1.75 billion valuation. According to the press release, despite the regulatory differences, BitGo is already regulated in… дальше »
2023-8-17 13:32 | |
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BitGo vaults ahead in crypto custody space, valued at $1.75B following fresh funding rounds
BitGo, the Palo Alto-based crypto custody firm, has raised $100 million in funding, setting its valuation at an impressive $1. 75 billion, a stark contrast to its price tag in 2021 when a $1. 2 billion acquisition deal by Galaxy Digital Holdings was eventually called off, according to Bloomberg. дальше »
2023-8-17 10:51 | |
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TradFi will remain ‘mostly out’ of Crypto, says BitGo CEO
According to Belshe, regulators outside the U.S., in contrast to American regulators, give clearer regulatory channels. Belshe stated that other acquisitions are on the way, which the firm was The post TradFi will remain ‘mostly out’ of Crypto, says BitGo CEO appeared first on AMBCrypto. дальше »
2023-6-28 17:30 | |
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Prime Trust Suspends Stably Withdrawals as BitGo Pulls Out of Acquisition Deal
The move comes at the same time as digital asset trust and security company BitGo announced its decision to terminate its acquisition of Prime Trust. The post Prime Trust Suspends Stably Withdrawals as BitGo Pulls Out of Acquisition Deal appeared first on BeInCrypto. дальше »
2023-6-23 06:38 | |
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BitGo Pulls The Plug On Prime Trust Acquisition, Citing Insurmountable Challenges
BitGo, a leader in digital asset trust and security, has announced that it has terminated its acquisition of Prime Trust, a technology-driven financial institution that provides custody and escrow services for the digital asset industry. дальше »
2023-6-23 23:00 | |
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BitGo backs out of deal to acquire Prime Trust
Cryptocurrency custodial company BitGo said it “has made the hard decision to terminate its acquisition” of rival firm custody Prime Trust, according to a June 22 tweet. BitGo stated it made considerable effort and worked to find a path forward with Prime Trust. дальше »
2023-6-22 17:36 | |
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Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal
Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress NFT Group.
дальше »2023-6-14 15:45 | |
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Victory For Galaxy Digital As Court Throws Out BitGo’s $100M Claim
A United States court in Delaware just dismissed a year-long case between Galaxy Digital, a crypto investment company, and BitGo, a digital asset custody and security company. BitGo filed claims against the crypto investment firm last year over a supposedly botched acquisition deal. дальше »
2023-6-14 19:00 | |
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U.S. Court Dismisses BitGo’s Lawsuit Against Galaxy Digital
BitGo failed to provide documents that were required for the merger to be completed, effectively voiding the deal, court documents said. дальше »
2023-6-13 00:44 | |
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Galaxy Digital wins dismissal of BitGo lawsuit, looks to non-US markets amid ‘legislative stalemate’
A Delaware court dismissed BitGo’s lawsuit against Galaxy Digital on June 12 for prematurely backing out of its offer to acquire the former for $1. 2 billion. BitGo had argued that the agreement was terminated before it was intended to end and is owed damages under the termination fee clause. дальше »
2023-6-13 20:13 | |
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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. дальше »
2023-6-13 18:51 | |
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BitGo to acquire 100% equity in Prime Trust parent following latter’s bankruptcy rumors
Crypto custodian BitGo said on June 8 that it signed a term sheet to acquire 100% equity in Prime Core Technologies, the parent company of Prime Trust. BitGo said the acquisition would allow BitGo to offer a “full suite of solutions” to institutional clients and fintech companies. дальше »
2023-6-9 01:58 | |
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BitGo to Pursue Legal Action Against Fireblocks for Reputational Damage
BitGo will pursue legal action against Fireblocks for publishing a misleading report on an alleged bug in BitGo's Ethereum wallet. The post BitGo to Pursue Legal Action Against Fireblocks for Reputational Damage appeared first on BeInCrypto. дальше »
2023-3-18 00:40 | |
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Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO
According to Mike Belshe, the United States Securities and Exchange Commission’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. дальше »
2023-3-10 01:01 | |
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A 5-Pronged Approach to Sensible Crypto Regulation After FTX
Mike Belshe, CEO of BitGo, outlines a modest, five-pronged approach to sensible regulation of crypto in the U.S. which could have prevented FTX. дальше »
2023-1-25 00:45 | |
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Polygon: Reddit and BitGo collaborations, staking culture, and more, cause...
Polygon partnered with BitGo to foster MATIC staking rewards. NFT adoption has been key to the ecosystem's progress despite a recent volume fall. As a follow-up to its hardfork recent succesThe post Polygon: Reddit and BitGo collaborations, staking culture, and more, cause... appeared first on AMBCrypto. дальше »
2023-1-21 19:30 | |
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Crypto custody platform BitGo adds support for MATIC staking
BitGo has announced the rollout of its polygon wallet and custody services for native MATIC token holders. BitGo users will now be able to securely stake their ERC-20 MATIC tokens on the platform and earn rewards. Polygon (MATIC) staking is… дальше »
2023-1-20 13:09 | |
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Polygon Partners With BitGo After a Contentious Hardfork Upgrade
Polygon partnered with BitGo to provide staking facilities to ERC-20 Matic holders. While the governance facilitator addressed the recent controversy. The post Polygon Partners With BitGo After a Contentious Hardfork Upgrade appeared first on BeInCrypto. дальше »
2023-1-20 07:56 | |
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Staking AVAX from a crypto wallet could have its benefits this crypto season
Avalanche holders' ability to stake AVAX through cold storage resulted in increased interest from stakers. However, its growth in the NFT and DeFi space continues to decline. BitGo's latest The post Staking AVAX from a crypto wallet could have its benefits this crypto season appeared first on AMBCrypto. дальше »
2022-12-20 06:30 | |
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BitGo declined Alameda’s attempt to redeem 3,000 WBTC
BitGo CEO Mike Belshe revealed that the firm declined Alameda Research’s request to redeem 3,000 Wrapped Bitcoin (WBTC) a few days before its bankruptcy in a December 14 Twitter space. The post BitGo declined Alameda’s attempt to redeem 3,000 WBTC appeared first on CryptoSlate. дальше »
2022-12-15 14:40 | |
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FTX to hire BitGo to safeguard its assets during bankruptcy
FTX’s bankruptcy proceedings continue, and the company has now asked a judge to allow it to hire BitGo to secure its assets. Bankrupt crypto exchange FTX has notified a federal judge that it wants to hire BitGo to safeguard the remainder of its digital assets as bankruptcy proceedings play out. дальше »
2022-11-24 14:50 | |
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BitGo to take custody of FTX assets in bankruptcy procedure
Crypto custodian BitGo has been nominated as the official custodian to safeguard the remaining funds at FTX. The post BitGo to take custody of FTX assets in bankruptcy procedure appeared first on CryptoSlate. дальше »
2022-11-24 00:56 | |
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‘DeFi will replace institutions entirely,’ says BitGo CEO Mike Belshe
Mike Belshe, CEO and co-founder of BitGo, explains how decentralized finance will disrupt traditional finance through use cases like automated market makers. дальше »
2022-11-3 16:01 | |
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Bittrex, BitGo, 6 Other Firms Join Crypto Market Integrity Coalition
Crypto exchange Bittrex, custodian BitPay and six other firms have joined the Crypto Market Integrity Coalition (CMIC) s self-regulatory organization aiming to prevent crypto market manipulation. дальше »
2022-9-29 17:48 | |
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Galaxy Digital pulled out of the $1.2B merger because it could not afford it, says BitGo
BitGo said that Galaxy Digital’s decision to pull out of the merger deal has nothing to do with its financial statements but with Galaxy’s inability to finance the deal owing to its loss of over $661 million in the first half of 2022. дальше »
2022-9-21 21:00 | |
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