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
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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
BitGo patches critical vulnerability first discovered by Fireblocks
BitGo has patched a vulnerability that threatened to expose the private keys of retail and institutional users. Go to Source Powered by WPeMatico
Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO
According to Mike Belshe, the U.S. SEC’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. Go to Source Powered by WPeMatico
Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO
The CEO of Bitgo stated that the Alameda representative failed the security verification process required to convert wrapped-BTC into BTC. Go to Source Powered by WPeMatico
Bitgo Reveals Wrapped Dogecoin Token Built on Ethereum
On Nov. 2, 2022, the digital asset custody business and financial services provider Bitgo introduced a wrapped version of the meme coin asset dogecoin built on top of the Ethereum blockchain. The company detailed the wrapped dogecoin initiative, the Wdoge DAO, is through a partnership between the Dogecoin Foundation, Bluepepper, and Mydoge wallet. Bitgo Introduces … Read more