BitGo Financial News

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Digital asset custodian BitGo said it planned to seek more than $100 million in damages from Galaxy Digital, alleging the investment firm owed the funds as part of a “reverse break fee” in its decision to terminate an acquisition agreement.

Blockchain.com, a global cryptocurrency exchange headquartered in the UK, said on Thursday it had registered as a virtual asset service provider in Italy.

Giottus Crypto Exchange achieved the milestone of hosting more than one million investors on the platform ahead of its fourth anniversary. Giottus is the only bootstrapped exchange in India to have achieved this feat. Founded in November 2017, Giottus kicked off its operations in April 2018 and is among India’s top-rated crypto investment platforms. Chennai-headquartered Giottus is currently the only multilingual crypto platform in the country with investors having the ability to buy and sell their crypto portfolio in eight Indian languages, including Hindi, Tamil, and Telugu.

The crypto exchanges have developed Travel Rule Universal Solution Technology (Trust), which they say ensures top-tier compliance while also protecting the security and compliance of their customers' information.Trust does not centrally store personal data, with the required information sent from one member to another through end-to-end encrypted channels. The system also includes a mechanism for the receiving exchange to prove that it’s the owner of the receiving crypto address before customer information is sent.In addition, all Trust member must meet core anti-money laundering, security, and privacy requirements.The 18 members are Anchorage, Avanti, BitGo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assets, Gemini, Kraken, Paxos, Robinhood, Standard Custody & Trust, Symbridge, TradeStation, Zero Hash, and Zodia Custody.

Avalanche (AVAX) strengthened its case for a potential upside run towards $160 in the coming sessions as it broke out of a classic bullish pattern earlier this week.

Michael Novogratz’s Galaxy Digital Holdings Ltd is scheduled to go public in the first quarter of 2022, instead of late 2021. This information was revealed by the CEO and founder Novogratz, but the United States’ Securities and Exchange Commission [SEC] is yet to sign off on any listing on an American exchange.