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After being dismissed by the Delaware Court of Chancery in 2023, the state’s supreme court ruled the definition of the merger agreement between BitGo and Galaxy was “ambiguous.” Go to Source
Several wallets reportedly belonging to Rain sent suspicious token transfers to a new address. Go to Source
BitGo originally announced it was setting up two regulated custodial entities in Germany and Switzerland in February 2020. Go to Source
KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024. Go to Source
This week’s Crypto Biz explores Binance Connect shutdown, BitGo’s funding round, PayPal Crypto Hub, and other news. Go to Source
BitGo’s Series C funding featured entirely new investors based in the United States and Asia, CEO Mike Belshe said. Go to Source
Vice Chancellor J. Travis Laster of the Delaware Court of Chancery said Galaxy had a “clean termination right” to the acquisition of BitGo, which it announced in 2022. Go to Source Powered by WPeMatico
Should the deal go through, Prime Trust’s infrastructure will “map over 1:1” with BitGo’s services, and add another trust company and crypto IRA fund. Go to Source Powered by WPeMatico
The Web3 wallet allows institutions to control which employees are allowed to use the tokens held within it. Go to Source Powered by WPeMatico
On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” or “ckBTC.” The bitcoin derivative is backed 1:1 with the leading cryptocurrency asset. On Monday, Dfinity detailed that the technology “builds on the protocol-level integration with the Bitcoin … Read more
