BitGo News

Crypto custodian BitGo plans to launch a dollar-backed stablecoin next year, offering rewards to liquidity providers. BitGo is set to launch a dollar-backed stablecoin dubbed USDS in January 2025, positioning it as the first “open-participation stablecoin” in the market. In…

Digital assets custody provider BitGo has unveiled a new solution the platform says will transform the way protocols manage token custody, distribution and liquidation. According to BitGo, the Token Management platform offers an automated process that protocols and organizations can…

Sky, formerly MakerDAO, is evaluating the removal of Wrapped Bitcoin from SparkLend over concerns about its ties to Justin Sun. Sky is considering removing Wrapped Bitcoin (WBTC) as collateral from its decentralized finance platform SparkLend, citing concerns about the token’s…

BitGo has selected LayerZero as the digital asset custody provider’s official interoperability provider for the Wrapped Bitcoin token. On Sept. 10, LayerZero (ZRO) announced that BitGo now uses LayerZero’s Omnichain Fungible Token standard for the crypto company’s Wrapped Bitcoin (WBTC).…

BitGo has secured approval as a custodian under the SIX Exchange Regulation Crypto-Asset Rule, further expanding its presence in the European crypto market.  The company can now provide regulated custodial services in compliance with Swiss financial regulations, per a company…

BitGo, the fifth and final crypto exchange working with the Mt. Gox Trustee, has made on-chain Bitcoin transactions ahead of creditor repayments. BitGo wallet labeled “bc1q26” transferred 33,105 Bitcoin (BTC) worth around $2 billion, on Aug. 12, according to Arkham…

California-based digital asset trust and security company BitGo has received a Major Payment Institution license from the Monetary Authority of Singapore. The company made the announcement on Aug. 8, stating that the MPI license allows it to offer regulated crypto…

The Mt. Gox Trustee sent $2.25 billion in Bitcoin to two BitGo addresses as part of a $9 billion creditor repayment plan. After sending about $3 billion in Bitcoin (BTC) to Kraken and at least $335.8 million to Bitstamp, the…

Valkyrie is the first spot Bitcoin ETF issuer to leverage two separate crypto custodians for its fund, thanks to its deal with BitGo.

BitGo CEO Mike Belshe says the market should expect another round of spot Bitcoin ETF rejections as there are still issues to be resolved.

The cryptocurrency custodian BitGo, backed by Goldman Sachs and Galaxy, obtained a custody license from BaFin, the German Federal Financial Supervisory Authority, as stated in a Nov. 1 release from Finance Magnates.

BitGo head Mike Belshe said the firm is close to receiving approval from the Dubai regulator. Cryptocurrency custodian BitGo, backed by Goldman Sachs, is seeking expansion into the Middle East following a recent $100 million funding round, which brought the…

This week, FTX initiated creditor settlement initiatives, as regulatory efforts commanded significant attention. Meanwhile, Stake fell victim to a multi-million-dollar exploit.

FTX, the defunct crypto exchange, has been consolidating coins as part of efforts to settle over $8 billion in debt owed to clients

The South Korean bank KEB Hana Bank closed a new partnership with the cryptocurrency company BitGo to develop crypto custody. The partnership between the two companies will aim to develop a cryptocurrency custody business in South Korea. KEB Hana Bank…

The Palo Alto-based security infrastructure and custodian firm, BitGo, secured a $100 million Series C funding round. This put the company at a $1.75 billion valuation. According to the press release, despite the regulatory differences, BitGo is already regulated in…