Tags: BitGo

BitGo Gains In-Principle Approval from Authority to Operate in Singapore

In a recent interview with Bloomberg, Mike Belshe, CEO of crypto exchange BitGo, stated that the market structure needs to improve before the U.S. SEC will grant approval for Bitcoin ETFs.

BitGo originally announced it was setting up two regulated custodial entities in Germany and Switzerland in February 2020.

KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024.

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

BitGo’s Series C funding featured entirely new investors based in the United States and Asia, CEO Mike Belshe said.

Despite Abandoning Prime Trust Deal, BitGo Eyes Other Acquisitions

Deal Cancelled: BitGo Pulls Out of Prime Trust Acquisition and Users Report Withdrawal Issues

Judge Rules in Favor of Galaxy Digital in Case Against BitGo Over $1.2 Billion Deal Cancellation

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.

BitGo Announces Landmark Deal to Acquire Crypto Custodian 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.

Today in Crypto: Nigeria‘s Government Approves a National Blockchain Policy, CEX Trade Volumes Fall for 1st Time in 3 Months, INX Works with BitGo to Launch a Pilot Wallet Management Solution for Regulated Security Tokens

The Web3 wallet allows institutions to control which employees are allowed to use the tokens held within it.

BitGo has patched a vulnerability that threatened to expose the private keys of retail and institutional users.