BitGo CEO Mike Belshe supports Ripple Labs in their legal battle against the SEC, advocating for regulatory change in the crypto space. A Ripple win could set the stage for regulatory frameworks encouraging innovation, reflecting Bitcoin’s early years without regulatory interference.
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BitGo and Swan Bitcoin: A Strategic Alliance For a Bitcoin-Only Trust Company
BitGo and Swan Bitcoin plan a Bitcoin-only trust company aimed at US institutional investors. The joint venture, still awaiting regulatory approval, proposes to manage Bitcoin custody, administration, and management, eliminating risks from other altcoins. Targeted investors include asset managers, pension plans, family offices and treasuries, emitting increased interest in the sector.
Decoding the $15M Crypto Heist: A Story of Invasion, Acquisitions, and Ripple’s Intervention
Fortress Trust’s $15 million cryptocurrency heist involved third-party vendor, ReTool, which built the portal managing Fortress’s cryptocurrency reserves. The breach, traced to a sophisticated phishing strike, impacted 27 clients. Ripple, a blockchain tech corporation, initiated a $15 million payment to help Fortress compensate affected clients, amid acquisition talks.
Ripple’s Acquisition of Fortress Trust: A Response to Security Breach or Strategic Move?
“Ripple’s acquisition of the Fortress Trust was influenced by a security breach involving a third-party analytics vendor. The breach resulted in a loss of approximately $12-$15 million, primarily in Bitcoin. This incident underscores the critical importance of security and transparency in crypto-asset management and showcases businesses’ willingness to act decisively to protect customers.”
KEB Hana Bank Seizes Future of Blockchain with BitGo Partnership: A Dive into South Korea’s Digital Asset Market
South Korea’s KEB Hana Bank partners with BitGo, a leader in crypto custody and security, to offer digital asset custody services from 2024. The partnership is expected to enhance consumer protection and trust in South Korea’s digital asset market and improve the quality of Hana Bank’s digital asset custody operations. The collaboration also aims to capitalize on blockchain security technology, backed by BitGo’s recent funding of $100 million.
BitGo’s $100 Million Series C Funding Ignites Crypto Custody Expansion Buzz
BitGo, a crypto custody services provider, has secured $100 million in funding boosting its valuation to $1.75 billion. This capital is targeted for strategic acquisitions and international expansion, in response to the growing demand for crypto custody services globally.
Banqruptcy and BitGo Acquisition: Examining Blockchain Security and Trust Amid Legal Dilemmas
Banq’s bankruptcy filing exposes vulnerabilities in the rapidly expanding blockchain industry, while its legal action demonstrates the industry’s commitment to security and trust. BitGo’s potential acquisition of Prime Trust signifies a push towards stronger safety measures amidst concerns of security breaches and trust issues.
BitGo’s Acquisition of Prime Trust: A Transformative Shift in Digital Asset Space
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.
BitGo Acquires Prime Trust: A Lifeline for Distressed Crypto Firm Amid Regulatory Scrutiny
BitGo has reached a preliminary agreement to acquire Prime Core Technologies, Inc., the parent company of Prime Trust. This acquisition comes amidst Prime Trust’s financial challenges and bolsters BitGo’s technology stack and regulated crypto-oriented trusts, with potential impacts on the digital asset landscape.