Mon, November 25

Coinbase cbBTC Nears $100M Market Cap Since Its Launch

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

September 13, 2024 1 min read

SK Telecom and Hana Financial Group Acquire Stakes in BitGo Korea

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

September 3, 2024 2 mins read

Justin Sun Shifts $156 Million in BTC After BitGo’s WBTC Custody Update

Recent significant Bitcoin (BTC) and Wrapped Bitcoin (WBTC) transactions have drawn attention to an address suspected to be connected to Justin Sun’s team. The activity has sparked widespread speculation within the cryptocurrency community, especially following BitGo’s recent decision to transition WBTC custody to a joint venture involving Sun’s TRON ecosystem.

August 20, 2024 2 mins read

BitGo Secures In-Principle Approval for MPI License by Singapore’s MAS

The BitGo crypto custody firm has received an in-principle approval for a Major Payment Institution (MPI) license via its local entity from Singapore’s financial regulator, the Monetary Authority of Singapore (MAS). A post on Twitter declared the in-principle approval by the corporation. This authorization follows BitGo’s acquisition of a crypto

January 10, 2024 2 mins read

BitGo Receives Crypto Custody License from BaFin in Germany

The German Federal Financial Supervisory Authority (BaFin) has issued a cryptocurrency custody license to BitGo, a company based in the United States. Headquartered in Palo Alto, California, BitGo initially established two regulated custodial organizations in Germany and Switzerland in February 2020. Also, BitGo Deutschland, a German affiliate, began offering custody

November 1, 2023 1 min read

Hana Bank & BitGo Partner To Offer Crypto Custody in South Korea

KEB Hana Bank, one of the biggest banks in South Korea, has partnered with BitGo Trust Company, a leading crypto custody provider, to begin providing custody services. Yonhap, a South Korean news agency, claimed that KEB Hana Bank and BitGo have reached a strategic business deal to build up digital

September 5, 2023 1 min read

BitGo Acquisition Deal Lawsuit Against Galaxy Digital Dismissed by Court

A lawsuit filed against Galaxy Digital, a cryptocurrency investment business, was recently rejected, meaning that it would not have to pay damages related to its broken acquisition deal with crypto custodian BitGo. When announcing the court’s decision to throw out the lawsuit, Galaxy said that it was “pleased” with the

June 12, 2023 2 mins read

Digital Asset Custodian BitGo All Set To Acquire Prime Trust

BitGo, a supplier of wallet infrastructure and digital asset custodian, said on June 8 that it has signed a non-binding letter of intent to acquire Prime Trust, a provider of fintech infrastructure. The details of the deal were kept confidential. If the purchase goes through, BitGo will expand its wealth

June 9, 2023 2 mins read