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Galaxy Digital To Acquire BitGo In a USD 1.2B Deal
5.5.2021
Mike Novogratz. Major financial services and investment management firm Galaxy Digital has agreed to acquire crypto services provider BitGo.
"The acquisition will position Galaxy Digital as a leading global full-service platform for institutions seeking access to the crypto economy, offering...
Galaxy Digital to acquire crypto custodian and services provider BitGo
5.5.2021
Under the acquisition's terms, BitGo shareholders will get 33.8 million in newly issued shares of Galaxy Digital, in addition to $265 million in cash
Galaxy Digital to Buy BitGo for About $1.2B in Stock, Cash
5.5.2021
The acquisition comes as Galaxy Digital plans a U.S. listing later this year
Bitgo Chosen to Manage Seized Cryptocurrencies for the US Marshals Service
23.4.2021
The U.S. Marshals Service has published a contract showing the crypto custodian Bitgo has been chosen to manage law enforcement’s seized bitcoin acquired through criminal forfeiture. The contracted deal is $4.5 million for the storage, maintenance, and disposal of cryptocurrencies according...
BitGo expands crypto insurance to cover over $700M
21.4.2021
Institutional clients have shown strong demand for airtight and insured custody options
ETC Group Lists Ether ETP on Deutsche Borse’s Xetra, Company’s Bitcoin ETP Now Has $1 Billion AUM
11.3.2021
Financial services company Etc Group on Tuesday launched its centrally-cleared ethereum exchange-traded product (ETP) on the Deutsche Borse’s Xetra marketplace. Etc Group Launches Ethereum Exchange-Traded Product The listing follows the success of the firm’s bitcoin ETP, which...
BitGo receives trust license from New York regulators
4.3.2021
Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state
South Korean Bank Shinhan Seals Crypto Custody Deal with BitGo
29.1.2021
The South Korean banking giant Shinhan is looking to take its fast-expanding crypto operations global – after striking a deal with American major crypto custody player BitGo.
Per EDaily, the deal pertains to crypto custody – a deal that also involves the South Korean crypto firm the Korea Digital...
Former Coinbase compliance exec joins BitGo as new CCO
13.1.2021
BitGo hires Coinbase’s former CCO following a $100,000 settlement with the U.S. Treasury
BitGo Taps Former Coinbase Exec Jeff Horowitz as Chief Compliance Officer
13.1.2021
Jeff Horowitz led Coinbase’s global compliance program until his departure in October
Wrapped Bitcoin ‘Burns’ Outpaced Minting for the First Time in December
9.1.2021
BitGo “unwrapped” over 11,600 WBTC last month
BitGo Launches Wrapped Bitcoin, Ether on Tron Blockchain
6.1.2021
Nearly 100 DeFi-friendly WBTC have already been minted as TRC-20 tokens on Tron
183 Violations: US Government Fines Bitgo for Allowing Users to Bypass Sanctions With Cryptocurrency
1.1.2021
The U.S. Office of Foreign Assets Control has fined Bitgo for failing to prevent users in sanctioned countries from using its crypto wallet service. The agency says Bitgo processed 183 cryptocurrency transactions that were “apparent violations of multiple sanctions programs.”...
BitGo to Pay $93K to US Treasury to Settle 183 ‘Apparent’ Sanctions Violations
30.12.2020
Bitcoin custodian firm BitGo agreed to pay $93,830 in a settlement pact with the U.S. Treasury over 183 “apparent violations” of multiple sanctions programs
BitGo settles with US Treasury over 'apparent' sanctions violations
30.12.2020
The settlement repeats the Treasury's message that crypto companies will need to know their customers
‘Unprecedented’ Institutional Demand for Bitcoin: Bitgo’s Custodied Assets Top $16 Billion, No Paypal Deal
26.12.2020
Bitgo’s assets under custody have surpassed $16 billion. The company says it is seeing “unprecedented interest from institutional investors,” resulting from the economic impact of the coronavirus pandemic and the recent bitcoin bull run. Paypal was also rumored to be...
BitGo assets hit $16 billion as institutional adoption grows
24.12.2020
Digital assets under custody reached a new milestone this month, BitGo says
PayPal Talks to Buy Crypto Firm BitGo Have Ended: Report
24.12.2020
Talks regarding a possible acquisition by PayPal of bitcoin custodian BitGo have fallen through, Fortune reported, citing multiple sources. Read more: PayPal Said to Be in Talks to Buy Crypto Firms Including BitGo: Bloomberg
Side-Chaining $3 Billion in Value: There’s More Than 141,000 Tokenized Bitcoins Issued on Ethereum
21.12.2020
According to onchain statistics, there is a colossal amount of bitcoin, approximately 141,231 bitcoins or $3.3 billion at the time of publication locked into Ethereum-based tokens. There are roughly seven different wrapped or synthetic bitcoin tokens but the Wrapped Bitcoin project has...
How BitGo Is Getting Into the Events Business
8.12.2020
BitGo has added cap intro services, a kind of marketing activity carried out among hedge fund investors, to its crypto brokerage offering