The digital asset infrastructure and financial services company BitGo has rolled out Model Context Protocol, or MCP, Server. Defined as AI-ready, the gateway is aimed at streamlining the method in which developers work on a project. CEO Mike Belshe has called this a step forward in the automation segment. MCP
BitMine Immersion Technologies continues to strengthen its Ethereum holdings as part of its broader digital asset strategy, as it bought around 40,000 ETH in the last 12 hours from two separate crypto companies worth around $83.38 million amid Ethereum’s weak market situation. As per the Lookonchain data, BitMine bought 20,000
Formerly Binance Labs, YZI Labs has made a strategic investment into BitGo IPO, BTGO. The move hints at supporting the regulated digital infrastructure platform. Several notable crypto personalities have applauded the IPO debut of BitGo. The CEO of BitGo has acknowledged YZI’s investment as a shared commitment. YZI Labs and
BitGo, the largest crypto custody firm in the U.S, has priced its U.S. initial offering(IPO) at a higher price than expected. The marketing range is $15 to $17, but the company has priced its IPO at the higher range of $18. BitGo is expected to raise around $212.8 million. The
Anchorage Digital is rumored to be working on a large fundraising exercise as the institutional cryptocurrency platform readies itself for a possible listing. The company is seeking to raise between $200 million and $400 million, as reported in a Bloomberg article, targeting an initial public offering in 2026. This announcement
A digital asset trust company, BitGo, recently got a MiCA license from BaFin. The license will permit the firm to offer regulated crypto services over the European Union. On May 12, BitGo announced through a blog post that the firm had received a license from Germany’s Federal Financial Supervisory Authority
FTX has started notifying creditors with claims under $50,000 about their initial fund allocation. The exchange has emailed affected creditors, informing them of the next steps to receive their payments. Sunil, a representative of FTX creditors, confirmed this update in a recent X post. FTX Claims FTX are notifying claims
In a major development for victims of the collapsed FTX exchange, the Court-approved Chapter 11 Plan of Reorganization is set to become effective on January 3, 2025. This huge milestone comes after over two years of the exchange’s downfall in November 2022. The Initial Distribution will be limited to holders
Coinbase’s newly launched wrapped Bitcoin product, cbBTC, has quickly gained traction, amassing a market capitalization of nearly $100 million within its first 24 hours. According to Dune Analytics, cbBTC’s circulating supply stands at 1,720 tokens, valued at $99.8 million. Of this, 43% is held on Base, Coinbase’s layer-2 network, while
South Korea’s major telecom and financial giants, SK Telecom and Hana Financial Group, have become significant shareholders in BitGo. This was announced by Mike Belshe, BitGo CEO during the Korea Blockchain Week 2024 event in Seoul. Hana Financial Group, one of the largest financial institutions in South Korea, acquired a
