A tale of crypto rivalry, multimillion-dollar contracts, and bureaucratic definitions of “small business.”
BitGo, Coinbase, Gemini, Kraken and Fidelity are putting an anti-money laundering solution up for consideration.
Cassie Lentchner, the crypto custodian’s new COO, joins as BitGo merges with Galaxy Digital.
The acquisition comes as Galaxy Digital plans a U.S. listing later this year.
The custodian will manage potentially tens of millions of dollars in seized cryptocurrencies, according to documents published Wednesday.
Bolstered by a wave of institutional crypto investors, BitGo is in a race against its peers to add insurance coverage.
A deal between the asset manager and the crypto custodian is close to being finalized, sources tell CoinDesk.
The firm plans to offer New York banks crypto custody as a service.
The crypto custodian has had bitcoin on its own balance sheet since 2014, CEO Mike Belshe told CoinDesk.
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.
Jeff Horowitz led Coinbase’s global compliance program until his departure in October.
BitGo “unwrapped” over 11,600 WBTC last month.
Nearly 100 DeFi-friendly WBTC have already been minted as TRC-20 tokens on Tron.
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.
The CEO would not confirm whether his company was ever in talks with PayPal, saying BitGo is "in talks with everyone."