BitGo Holdings Inc. plans to acquire Prime Core Technologies, parent company of Prime Trust, aiming to expand its digital asset and fintech infrastructure services globally. The acquisition would make BitGo the first international digital asset firm offering comprehensive solutions for fintech platforms, creating a transformative shift in the digital asset space.
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SEC’s Crypto Custody Rule: Controversy Engulfs Traditional Finance, Crypto Sector & Regulators
The SEC’s proposal requiring investment firms to safeguard client assets, including cryptocurrencies, with approved custodians faces pushback from organizations like JPMorgan and the Small Business Administration. Critics argue the rule is “illegal, infeasible, and dangerous,” with concerns over unique custody logistics for crypto assets and potential limitations on service options.