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BitGo News
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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 approves Bitcoin ETFs.
20654BitGo originally announced it was setting up two regulated custodial entities in Germany and Switzerland in February 2020.
3838KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024.
8335This week’s Crypto Biz explores the Binance Connect shutdown, BitGo’s funding round, the PayPal Crypto Hub and other news.
5371BitGo’s Series C funding featured entirely new investors based in the United States and Asia, CEO Mike Belshe said.
3025Vice 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.
13761Should 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.
3963The Web3 wallet allows institutions to control which employees are allowed to use the tokens held within it.
2886BitGo has patched a previously flagged vulnerability relating to early access Ethereum-based TSS wallets.
33910According 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.
12580Mike Belshe, CEO and co-founder of BitGo, explains how decentralized finance will disrupt traditional finance through use cases like automated market makers.
3713BitGo has accused Galaxy of “improper repudiation” and “intentional breach” of the merger in a lawsuit filed with Delaware Chancery Court.
3012“Either Galaxy owes BitGo a $100 million termination fee as promised or it has been acting in bad faith and faces damages of that much or more,” said R. Brian Timmons.
2173After announcing plans to acquire BitGo in May 2021, Mike Novogratz’s Galaxy Digital has eventually dropped the deal but is still pursuing a listing in the United States.
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