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Bitgo, the digital asset custodian and financial services firm, has logged three and a half trading sessions since debuting on the New York Stock Exchange (NYSE) last Thursday. Over that brief stretch, however, Bitgo’s shares have declined by roughly 18%. BTGO Shares Tumble Lower Than Debut Price Founded about 14 years ago, Bitgo has built … Read more
Bitgo has priced its initial public offering (IPO) at $18 per share, raising about $213 million and entering public markets with a valuation of roughly $2 billion. Bitgo IPO Signals Continued Institutional Appetite for Crypto Infrastructure Bitgo’s shares began trading Jan. 22 on the New York Stock Exchange (NYSE) under the ticker BTGO, following pricing … Read more
Nevada’s Financial Institutions Division dropped the hammer on Fortress Trust, the crypto custodian based in the Silver State, after discovering an $11 million hole in client funds, according to a regulatory enforcement filing unearthed by DL News. Fortress Trust Meltdown: Regulators Step In as Firm Admits Insolvency A few years ago in 2023, Bitcoin.com News … Read more
According to timechainindex.com stats, Coinbase now custodies 3,002,996 bitcoin—valued around $347 billion—up from 2,919,643 BTC 57 days ago, a net gain of 83,353 BTC since July 26. Under Management: Coinbase Adds 83,353 BTC Since July 26, Pushing Stack to $347B Data collected from timechainindex.com and compared to a report published 57 days ago, exchange-traded funds … Read more
Onchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which collectively account for 47% of Bitcoin’s total hashrate. The analysis shows that substantial miners’ rewards from pools like F2pool, Antpool, Binance Pool, and Braiins are being funneled to this particular custodian. Onchain Data Reveals Single … Read more
The crypto exchange based in San Francisco, Kraken, has unveiled its latest offering, Kraken Institutional, a digital currency suite designed expressly for high-net-worth firms and institutional investors. Deep Liquidity and Low-Latency Trading: Kraken Institutional’s Promise to Elite Clients This new crypto service, Kraken Institutional, introduced by Tim Ogilvie, the global head of the business division, … Read more
Blocknox, a subsidiary of one of Europe’s largest stock exchanges, Boerse Stuttgart, has been licensed to operate as a crypto custodian in Germany. The authorization will allow the company to offer custody services for digital assets to institutional investors across the Old Continent. Boerse Stuttgart Subsidiary Blocknox to Offer Crypto Custody Services Under Bafin License … Read more
Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector which saw the collapse of some major players. Stock Exchange Nasdaq Seeks Regulatory Approval … Read more
As of Feb. 7, 2023, the value locked in 11 Ethereum-based liquid staking protocols has risen above $11 billion, with Lido, Coinbase, and Rocket Pool recording 4-10% gains over the past month. Lido holds more than 73% of the total value locked (TVL) out of the 6.87 million ether held by the 11 liquid staking … Read more
Indonesia’s financial services regulator had hoped to set up the crypto exchange by the end of 2022, but this was delayed by a number of obstacles. Go to Source Powered by WPeMatico
