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BitGo Buys Crypto Wealth Management Platform HeightZero
17.10.2023
HeightZero handles portfolio rebalancing, statement generation, tax loss harvesting and automated billing for crypto clients
Ferrari to Start Accepting Crypto Payments in U.S: Reuters
16.10.2023
Ferrari will subsequently extend the scheme to Europe in response to demand from its wealthy customers
BitGo, Swan to Form Bitcoin-Only Trust Company
15.9.2023
"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
FTX Approved to Sell $3.4B in Crypto; Tron’s Justin Sun, DWF Labs Consider Buying Cache
13.9.2023
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 said he is considering an offer for FTX’s...
BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank
5.9.2023
The Californian company will develop custody services and security solutions, local media reported
South Korean Hana Bank enters crypto custody business with BitGo
5.9.2023
KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024
Crypto Biz: Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub
18.8.2023
This week's Crypto Biz explores Binance Connect shutdown, BitGo's funding round, PayPal Crypto Hub, and other news
BitGo Crypto Custodian Secures $100 Million in Funding, Valuation Reaches $1.75 Billion
17.8.2023
Crypto custody provider BitGo has raised $100 million in a Series C funding round to reach a valuation of $1.75 billion, the firm announced on Wednesday.
Participating in the funding round were several “new, outside strategic investors,” BitGo said in the announcement.
The firm did not name...
Bitgo Secures $100 Million in Series C, Firm’s Valuation Climbs to $1.75 Billion
16.8.2023
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 capital catapults the firm’s post-valuation...
BitGo raises $100M after losing lawsuit against Galaxy
16.8.2023
BitGo’s Series C funding featured entirely new investors based in the United States and Asia, CEO Mike Belshe said
BitGo Raises $100M After Scrapping Prime Trust Deal: Bloomberg
16.8.2023
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
3.8.2023
Why Nasdaq Backing Out of Custody Is Bad, Bad News for Crypto
20.7.2023
If a financial giant can’t navigate the red tape, who can?
Apparently It's Very Difficult to Custody Crypto
29.6.2023
Despite Abandoning Prime Trust Deal, BitGo Eyes Other Acquisitions
27.6.2023
After abandoning the Prime Trust deal, BitGo CEO Mike Belshe has said that there are several other acquisitions in the pipeline.
In an interview with CoinDesk TV, BitGO CEO said that they have got more acquisition pending which the company has not been able to announce yet.
Belshe predicted...
BitGo Still Has Acquisitions Pending After Canceling Prime Trust Purchase
26.6.2023
CEO Mike Belshe said he sees consolidation in the crypto custody sector in the next six months
Deal Cancelled: BitGo Pulls Out of Prime Trust Acquisition and Users Report Withdrawal Issues
23.6.2023
BitGo, the American crypto custodian platform, has made the decision to cancel the acquisition of Prime Trust.
Following this announcement, Prime Trust has taken measures to suspend withdrawals.
The cancellation of the deal comes just two weeks after BitGo signed a non-binding letter of intent...
Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian’s Ongoing Uncertainty
22.6.2023
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 Trust’s future. Bitgo Cancels Prime Trust Acquisition...
Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust
22.6.2023
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
Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection
15.6.2023
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 that Banq listed approximately $17.725 million...