BitGo Financial News

14.09 / 23:05

Blockchain UPS Target Ripple CEO BitGo Fortress Trust phishing attack Crypto Theft from Fortress Trust Traced Back to Phishing Attack on Cloud Vendor

Fortress Trust's recent disclosure of a cryptocurrency theft totaling nearly $15 million has shed light on a complex situation involving a third-party vendor and a phishing attack.

08.09 / 22:45

Digital Ripple XRP CEO Enterprise BitGo Ripple buys crypto infrastructure startup in its second acquisition of 2023

Cryptocurrency company Ripple announced on Friday it will acquire Fortress Trust, a startup specializing in crypto infrastructure, giving it a license in Nevada and allowing it to expand beyond its core bread and butter of blockchain-enabled payments.

05.09 / 23:05

Blockchain BitGo services South Korea's Hana Bank taps BitGo for crypto custody services

One of South Korea's biggest banks, Hana will offer the services in the second half of next year, tapping crypto custody specialist BitGo's blockchain security technology.BitGo is also set to open a South Korean office after securing regulatory licenses, according to local press reports.Recently, the US firm closed a $100 million Series C funding round at a $1.75 billion valuation.

05.09 / 10:35

business BitGo Bitcoin South Korean Hana Bank enters crypto custody business with BitGo

One of the largest South Korean banks, KEB Hana Bank, is moving to offer digital asset custody services through a new partnership with major cryptocurrency custody firm BitGo Trust Company.

05.09 / 09:53

Blockchain Provident Digital Platform BitGo country services South Korea’s Hana Bank Partners with BitGo to Provide Digital Asset Custody Services

South Korean financial giant KEB Hana Bank has entered into a strategic business agreement with California-based crypto custody and security platform BitGo to offer digital asset custody (DAC) services to its clients starting next year.

27.08 / 19:17

Provident Digital BitGo Bitcoin Prime Trust Files for Chapter 11 Bankruptcy

Prime Trust, LLC, has found itself at the centre of a complicated financial and legal scenario. On August 14, 2023, the business and a few of its affiliates voluntarily petitioned the United States Bankruptcy Court for the District of Delaware for Chapter 11 bankruptcy protection.

18.08 / 22:17

business Binance PayPal BitGo Crypto Biz: Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub

It’s been another week of mixed developments in the crypto industry, with established players winding down operations while newcomers introduce new crypto features and services.

17.08 / 13:21

UPS Provident Digital CEO Platform Investment BitGo valuation BitGo Crypto Custodian Secures $100 Million in Funding, Valuation Reaches $1.75 Billion

Crypto custody provider BitGo has raised $100 million in a Series C funding round to reach a valuation of $1.75 billion, the firm announced on Wednesday.

16.08 / 13:15

business Funding BitGo Bitcoin BitGo raises $100M after losing lawsuit against Galaxy

Cryptocurrency custody platform BitGo has raised fresh capital after facing a series of terminated deals involving firms like Michael Novogratz’s Galaxy Digital.

21.07 / 00:49

Provident Binance Action Discover BitGo Bitcoin Luna Crypto Firm Prime Trust Placed Into Receivership

Nevada's Financial Institutions Division (FID) has taken control of crypto custodian Prime Trust, halted its operations, and is seeking a receiver for the firm, according to an announcement made by the regulator on Tuesday.

27.06 / 17:45

coinbase BitGo Deal Despite Abandoning Prime Trust Deal, BitGo Eyes Other Acquisitions

After abandoning the Prime Trust deal, BitGo CEO Mike Belshe has said that there are several other acquisitions in the pipeline.

23.06 / 18:23

BitGo Deal Deal Cancelled: BitGo Pulls Out of Prime Trust Acquisition and Users Report Withdrawal Issues

BitGo, the American crypto custodian platform, has made the decision to cancel the acquisition of Prime Trust.

16.06 / 05:15

Provident Digital Strategy Align BitGo Galaxy Digital Covenant Deal Judge Rules in Favor of Galaxy Digital in Case Against BitGo Over $1.2 Billion Deal Cancellation

In a recent development, a federal judge in Delaware has ruled in favor of Galaxy Digital, the crypto merchant bank led by Mike Novogratz.

12.06 / 15:09

Law regulation Court BitGo US court US court dismisses BitGo’s claims in $100M lawsuit against Galaxy Digital

The Delaware Court of Chancery in the United States has granted a motion from crypto investment firm Galaxy Digital largely dismissing digital asset custodian BitGo’s case following a dropped acquisition of the firm in 2022.

09.06 / 12:13

cryptocurrency M&A BitGo Digital Asset FinTech Deal BitGo Announces Landmark Deal to Acquire Crypto Custodian Prime Trust

BitGo Holdings Inc., the renowned digital asset trust and security company, has revealed plans to acquire 100% of the equity of Prime Core Technologies, Inc., the parent company of Prime Trust.

09.06 / 06:15

Ethereum Target Digital SEC Action BitGo Bitcoin sec lawsuit Updates Bitcoin Price and Ethereum Prediction: US SEC Lawsuit, FTX Bankruptcy, and BitGo Updates Unveiled

Bitcoin and Ethereum, two of the leading cryptocurrencies, have been in the spotlight recently due to significant developments surrounding the US Securities and Exchange Commission (SEC) lawsuit, the bankruptcy of FTX exchange, and the acquisition deal involving BitGo.

08.06 / 22:53

business wallet BitGo Crypto custodian BitGo signals intent to acquire Prime Trust

Wallet infrastructure provider and digital asset custodian BitGo have signed a non-binding letter of intent to acquire fintech infrastructure provider Prime Trust, according to an announcement on June 8.

17.03 / 17:19

Blockchain Hackers hacks BitGo vulnerability BitGo patches critical vulnerability first discovered by Fireblocks

Cryptocurrency wallet BitGo has patched a critical vulnerability that could have exposed the private keys of retail and institutional users.

10.03 / 01:25

regulation SEC FTX Congress BitGo bitcoin etfs Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO

The collapse of crypto exchange FTX and other bearish events in the space were at the center of discussions among lawmakers and witnesses at the inaugural hearing of the United States House Committee on Financial Services’ Subcommittee on Digital Assets, Financial Technology and Inclusion.

16.09 / 08:51

cryptocurrency BitGo Galaxy Digital Deal Galaxy Digital Sued For $100 Million For Ditching Landmark BitGo Deal

The lawsuit seeks at least $100 million in damages for Galaxy's alleged breach of the takeover deal.

14.09 / 16:01

Provident Digital CEO BitGo BitGo sues Galaxy Digital for $100M- Deciphering the reasons

Cryptocurrency custody firm BitGo hassued the crypto financial services firm Galaxy Digital, seeking more than $100 million in damages for allegedly breaching its $1.2 billion merger. The lawsuit has been filed in the Delaware Chancery Court.

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