Tagged: bitgo

BitGo Obtains NY Trust Charter from the New York State Department of Financial Services

  BitGo, a digital asset financial services provider, announced on Thursday it received a New York Trust license to operate as an independent, regulated qualified custodian under New York State Banking Law. BitGo reported that the charter was issued by The New York State Department… Read More

BitGo Appoints Former Coinbase Executive Jeff Horowitz as New Chief Compliance Officer

BitGo, a digital asset financial services provider, announced on Wednesday it has appointed Jeff Horowitz as its new Chief Compliance Officer (CCO). According to BitGo, Horowitz recently served as COO for Coinbase. He will oversee BitGo’s Compliance and AML programs across the entire enterprise to… Read More

Digital Assets Financial Services Provider BitGo Introduces Wrapped Bitcoin and Ethereum Tokens on TRON Blockchain

BitGo, a digital asset financial services provider, reports that it has successfully introduced Wrapped Bitcoin (WBTC) and ETH tokens on the TRON blockchain network, which should help with supporting the “unlimited” potential of decentralized finance (DeFi) TRON, which is notably one of the largest and… Read More

BitGo Hits $16 Billion In Digital Assets Under Custody Milestone

  BitGo, a digital asset financial services provider, recently announced it has hit $16 billion in digital assets under custody (AUC) milestone. Founded in 2013, BitGo describes itself as the leader in digital asset financial services, providing institutional investors and crypto platforms with liquidity, custody, and… Read More

PayPal’s Rumored Acquisition talks With BitGo Fall Through

PayPal’s rumored talks about acquiring BitGo, a digital asset financial services provider, has reportedly fallen through. According to Fortune, rumors began to circulate about PayPal being in talks to acquire BitGo and now the deal will officially not be happening and the cryptocurrency firm is… Read More

BitGo Now Providing Multi-Signature Wallet Technology for Hedera’s HBAR Token

    BitGo, a digital asset financial services provider, announced on Thursday it has launched an institutional-grade multi signature wallet solution. According to BitGo, the solution provides on-chain, multi-signature security fo Hedera’s HBAR token through its affiliate BitGo Inc. Additionally, BitGo Trust will provide insured,… Read More

BitGo Prime Announces Capital Introduction Services for Digital Assets

BitGo Prime, a digital asset financial services company to offer a deeply integrated solution with lending, trading, and custody, announced on Tuesday its Capital Introduction Services (Cap Intro) for its premier clients who seek to optimize their investment strategies. BitGo Prime reported that through a… Read More

BitGo Announces Adoption of Chainlink to Enable Wrapped Bitcoin On-Chain Auditing

BitGo, digital asset financial services provider, announced on Thursday  it is adopting oracle network, Chainlink, to provide on-demand, definitive truth around the collateralization of “Wrapped Bitcoin” (WBTC). BitGo revealed that over the past year it has bridged close to $1 billion onto the Ethereum blockchain… Read More

Bitgate Picks BitGo For Self-Managed Custody Solution to Meet FSA Regulations in Japan

BitGo, a digital asset financial services provider, announced on Wednesday that Bitgate, a Financial Services Agency (FSA) regulated exchange based in Japan, has selected its Self-Managed Custody solution to hold Bitgate customers’ digital assets securely and meet new regulations. According to BitGo, The regulations came… Read More

Digital Asset Financial Service Provider BitGo Applies for NY Trust Charter From the New York State Department of Financial Services

BitGo, digital asset financial services provider, announced on Wednesday it has formally applied before the New York State Department of Financial Services (NYDFS) for a New York Trust to operate as an independent, regulated qualified custodian under New York State Banking Law. BitGo reported that… Read More

BitGo CEO Recommends Allocating 3% of Portfolios to Bitcoin, as Nasdaq Listed Firm Acquires $250 Million in BTC as its “Primary Reserve Asset”

Mike Belshe, the CEO at BitGo, a Palo Alto, California-based digital asset trust and security firm offering a multi-signature Bitcoin (BTC) wallet service, recently noted that many companies are now going out of business due to challenges related to COVID-19. Belshe points out that there… Read More

Switzerland’s Smart Valor, a Company Offering a Digital Asset Trading Platform, Adds Staking Support for Kyber Network KNC Tokens

Switzerland’s Smart Valor, a company that operates a European crypto-asset trading platform, has revealed that it plans to add support for Kyber Network Crystal (KNC) staking, which will give Kyber Network members the chance to stake their KNC tokens on KyberDAO. Kyber Network is an… Read More

BitGo Announces API Support For Financial Action Task Force Travel Rule

BitGo, digital asset financial services provider, announces API support for the Financial Action Task Force (FATF) Travel Rule. BitGo claims it is the first wallet provider to come to market with a solution for the Travel Rule for its cold and hot wallet services by… Read More

BitGo Launches New Offering Institutional Trading Service Through New Entity BitGo Prime

Digital asset custody provider BitGo announced on Wednesday it is now offering institutional trading services through its new entity, BitGo Prime. BitGo claims that the BitGo Prime’s trading services will provide institutional investors with best-in-class service, increased liquidity, fast execution, and competitive aggregate pricing. “Institutional… Read More

BitGo to Now Provide Custody For India-Based Crypto Exchange CoinDCX

Digital asset custody provider BitGo announced on Thursday it has been named as the custodian of India-based crypto exchange, CoinDCX. BitGo reported that as the custodian of CoinDCX, it will provide the secure storage and custodianship of cryptocurrencies held on CoinDCX, fully insured and protected by… Read More

Digital Asset Custodian BitGo has Laid Off 12% of its Staff, Following Coronavirus Outbreak

Digital asset custody provider BitGo has reportedly laid off 12% of its employees. Several professionals working in BitGo’s marketing and sales departments have been laid off, according to sources familiar with the matter. The layoffs are the latest to hit the blockchain and crypto industry,… Read More

BitGo Announces Acquisition of Crypto Financing Platform Lumina; Completes First Phase of Product Integration

Blockchain software firm BitGo announced on Thursday it has acquired Lumina, which is a comprehensive crypto-naive financial platform. BitGo also revealed that it has completed the first phase of product integration, expanding its services to give institutional investors a dashboard for managing, accounting, and tracking… Read More

BitGo Launches Dedicated Customer Excess Specie Insurance Purchasing Program to Custody Clients

Blockchain software firm BitGo announced on Wednesday it is now offering dedicated customer Excess Specie Insurance to BitGo Custody clients. The digital asset financial services provider reported that last year it introduced its digital asset insurance protections, including $100 million for assets held in BitGo… Read More

BitGo Announces Launch of Digital Asset Lending Services

Blockchain software firm BitGo announced on Thursday it is now offering institutional digital asset lending services. According to BitGo, the lending service was built by a Wall Street team that “understands institutional investing and clients’ needs.” The launch also follows a several-month private beta. Mike… Read More

BitGo Announces Acquisition of Digital Securities Platform Harbor

Blockchain software firm BitGo announced on Tuesday it has acquired Harbor, a digital securities platform, and its broker-dealer and transfer agent subsidiaries. BitGo reported that the acquisition extends its capabilities to address a wider class of digital assets for institutional investors and provides a foundation… Read More

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