Rain exchange suffered $14.1M in suspicious outflows 2 weeks ago — ZachXBT
Several wallets reportedly belonging to Rain sent suspicious token transfers to a new address. Go to Source
BitGo
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US crypto custody firm BitGo wins BaFin license in Germany: Report
BitGo originally announced it was setting up two regulated custodial entities in Germany and Switzerland in February 2020. Go to Source
South Korean Hana Bank enters crypto custody business with BitGo
KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024. Go to Source
Crypto Biz: Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub
This week’s Crypto Biz explores Binance Connect shutdown, BitGo’s funding round, PayPal Crypto Hub, and other news. Go to Source
BitGo raises $100M after losing lawsuit against Galaxy
BitGo’s Series C funding featured entirely new investors based in the United States and Asia, CEO Mike Belshe said. Go to Source
US court dismisses BitGo’s claims in $100M lawsuit against Galaxy Digital
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. Go to Source Powered by WPeMatico
Crypto custodian BitGo signals intent to acquire 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. Go to Source Powered by WPeMatico
Securities token platform launches MPC wallet for institutions
The Web3 wallet allows institutions to control which employees are allowed to use the tokens held within it. Go to Source Powered by WPeMatico
Dfinity Foundation Launches Chain-Key Bitcoin, a Native Internet Computer BTC Derivative Token
On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” or “ckBTC.” The bitcoin derivative is backed 1:1 with the leading cryptocurrency asset. On Monday, Dfinity detailed that the technology “builds on the protocol-level integration with the Bitcoin … Read more
Bitgo Launches Storage and Tracking Solution for Bitcoin-Based Ordinal Inscriptions
On Thursday, digital asset custody provider, Bitgo, announced the launch of its storage and tracking solution for Bitcoin-based Ordinal inscriptions. Moreover, users can use Bitgo’s Ordinal inscription storage system to inscribe their own inscriptions onto the Bitcoin blockchain. Bitgo’s New Solution Allows for Safe Sending of Ordinal Inscriptions Bitgo has announced a new storage solution … Read more