News
The acquisition is scheduled to follow Galaxy's domestication in Delaware, which is expected to become effective between Q2 and Q4 of 2022.
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BitGo News
BitGo is a blockchain company that was founded in 2013 by Mike Belshe and Ben Davenport and the main office is currently headquartered in Palo Alto, California. The main goal of the company is the BitGo digital wallet that was initially an online storage only for Bitcoin though the system now supports almost all of the popular altcoins. This web wallet can be connected to any device and the mobile version of the BitGo app allows users to keep the key for it on the gadget. There are two versions of the platform, such as for private and business use and the main difference between them that the second one has access to the large, verified cryptocurrency trading platforms. Besides cryptocurrency online storage, the BitGo wallet offers special tools for keeping digital money and other kinds of assets offline.
- Altcoin Watch
The bullish setup also emerged as crypto custodian BitGo announced that it would add AVAX to its service portfolio.
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After initiating the BitGo acquisition in May, Galaxy Digital expects to close the deal in the first three months of 2022.
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Stacks is bridging decentralized finance and the Bitcoin network. BitGo users will now have access to BTC yield directly through STX tokens.
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The rise of crypto custody continues as more institutional investors seek exposure to Bitcoin, Ether and decentralized finance.
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Arianna Simpson has been a general partner at 16z for more than a year as the venture capital firm has led several high-profile raises for crypto and blockchain companies.
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Crypto debit cards continue to catch on as an Australian digital assets startup gets approval from Visa to release a spending card down under.
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More than $6 billion worth of Bitcoin is now tokenized on Ethereum as WBTC.
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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.
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Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state.
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BitGo has hired a former Coinbase compliance officer following a $98,000 settlement with the U.S. Treasury.
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The settlement repeats the Treasury's message that crypto companies will need to know their customers.
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Digital assets under custody reached a new milestone this month, BitGo says.
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Shortly after it was revealed PayPal will launch crypto payments in 2021, rumors are circulating that the payments giant is looking to purchase a digital asset custodian.
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Digital asset financial services firm BitGo has formally applied for a New York Trust Charter from the NYDFS.
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