Why US Government Yanked BitGo’s Contract and Gave It to Anchorage

A tale of crypto rivalry, multimillion-dollar contracts, and bureaucratic definitions of “small business.”

Policy & regulation  ·  5 August 2021

US Crypto Giants Build First Version of FATF-Compliant ‘Travel Rule’ Tool

BitGo, Coinbase, Gemini, Kraken and Fidelity are putting an anti-money laundering solution up for consideration.

Policy & regulation  ·  25 June 2021

BitGo Hires Former NY BitLicense Deputy as Chief Operating Officer

Cassie Lentchner, the crypto custodian’s new COO, joins as BitGo merges with Galaxy Digital.

Business  ·  18 May 2021

Galaxy Digital to Buy BitGo for About $1.2B in Stock, Cash

The acquisition comes as Galaxy Digital plans a U.S. listing later this year.

Markets  ·  5 May 2021

BitGo Will Custody Crypto for US Marshals Service in $4.5M Deal

The custodian will manage potentially tens of millions of dollars in seized cryptocurrencies, according to documents published Wednesday.

Business  ·  22 April 2021

BitGo Adds $600M in Insurance Capacity to Comfort Big-Time Bitcoin Holders

Bolstered by a wave of institutional crypto investors, BitGo is in a race against its peers to add insurance coverage.

Business  ·  21 April 2021

Mike Novogratz’s Galaxy Digital Said to Be in Talks to Buy Crypto Custodian BitGo

A deal between the asset manager and the crypto custodian is close to being finalized, sources tell CoinDesk.

Business  ·  20 April 2021

BitGo Receives NYDFS Approval for New York Trust Charter

The firm plans to offer New York banks crypto custody as a service.

Business  ·  4 March 2021

BitGo Reveals $250M in Bitcoin Holdings, Signaling More Crypto-Native Disclosures Ahead

The crypto custodian has had bitcoin on its own balance sheet since 2014, CEO Mike Belshe told CoinDesk.

Business  ·  2 March 2021

KPMG, BitGo, Coin Metrics Launch New Offering to Drive Institutional Adoption

One of the "big four" professional services firms has launched a product suite with two other cryptocurrency firms with an eye on serving institutional demand in crypto.

News  ·  18 February 2021

BitGo Taps Former Coinbase Exec Jeff Horowitz as Chief Compliance Officer

Jeff Horowitz led Coinbase’s global compliance program until his departure in October.

Business  ·  13 January 2021

Wrapped Bitcoin ‘Burns’ Outpaced Minting for the First Time in December

BitGo “unwrapped” over 11,600 WBTC last month.

Markets  ·  9 January 2021

BitGo Launches Wrapped Bitcoin, Ether on Tron Blockchain

Nearly 100 DeFi-friendly WBTC have already been minted as TRC-20 tokens on Tron.

Markets  ·  6 January 2021

BitGo to Pay $93K to US Treasury to Settle 183 ‘Apparent’ Sanctions Violations

Bitgo failed to stop people in Cuba, Iran and Syria, among other sanctioned places, from using its non-custodial wallet service, the U.S. said.

Markets  ·  30 December 2020

PayPal Talks to Buy Crypto Firm BitGo Have Ended, Other Targets Eyed: Report

The CEO would not confirm whether his company was ever in talks with PayPal, saying BitGo is "in talks with everyone."

News  ·  24 December 2020