BitGo sues Novogratz’s Galaxy for $100M after merger deal turns sour
BitGo is suing Mike Novogratz's Galaxy Digital Holdings after it pulled out of a $1.2 billion acquisition deal—the digital asset wallet is seeking $100 million in damages.
Latest BitGo News
Galaxy Digital BitGo deal falls through
According to Galaxy Digital, the deal was broken off because BitGo failed to deliver an audited financial statement for the 2021 business year by the required date, July 31, 2022.
Will the US gov’t dump $3.6 billion of BTC soon?
As more people begin to accept that a prolonged bear market is likely upon us, the fear that the U.S. government could dump 94,000 BTC on the market has few people worried.
BitGo cuts 12% of staff in a company-wide reorganization
Claiming they had to cut staff to prepare for their future ambitions, departments all over BitGO are now seeing cuts.
This week in tech: More countries implement positive regulations
As more industries continue to adopt blockchain and cryptos, authorities are striving to keep up with Belgium, Germany, Japan and more making moves this week.
BitGo stops support as BSV drops P2SH feature
P2SH was a standard script introduced by then Bitcoin Core developers in 2012 that allows users to create custom “redeemable scripts.”
BitGo seeks new sales director as it expands Japanese operations
The crypto custodian, which is preparing to expand its operations in Japan, is looking for a new sales director to help grow its client base.
BitGo to introduce new off-chain solution for institutional clients
BitGo has decided to introduce a new facility that could be viewed as counterproductive to the advance of digital assets.
BitGo ‘exaggerated extent of insurance coverage,’ underwriter claims
Crypto services firm BitGo has been accused of using ‘ambiguous language’ when describing its new insurance coverage.
BitGo offers up to $100M insurance for crypto assets
Custodial assets held by BitGo are covered by the Lloyd’s insurance market up to the value of $100 million, with the firm itself covered by a variety of policy types to its customers.
BitGo raises $59M in Goldman Sachs-led Series B funding
Investment giant Goldman Sachs has led a successful $59 million Series B funding round in crypto custodian service BitGo, in the latest example of a major Wall Street institutional investor backing the cryptocurrency sector.
BitGo secures state regulatory nod for crypto custody service in US
The South Dakota Division of Banking has approved the BitGo Trust Company’s application as a cryptocurrency custodian.