Former Coinbase compliance chief Jeff Horowitz joins BitGo

January 13, 2021 BitGo, Coinbase, Cryptocurrency, Custody, Jeff Horowitz Eddy 0

Crypto firm BitGo has hired former Coinbase compliance chief Jeff Horowitz as it seeks a trust charter from New York state regulators. Horowitz joined BitGo earlier this month and replaces Matt Parrella, who left the firm in November, according to his LinkedIn. Horowitz will head BitGo’s compliance and risk programs. Last August, BitGo applied for […]

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BitGo settles with US Treasury over sanctions violations

December 31, 2020 BitGo, Custody, Legal, OFAC, treasury department Eddy 0

Crypto firm BitGo has settled with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) for apparent violations of sanctions programs. According to OFAC, BitGo failed to prevent persons located in sanctioned jurisdictions, such as Crimea, Cuba, Iran, Sudan, and Syria, to open accounts and use its “hot wallet” services. The apparent violations occurred […]

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PayPal will not acquire crypto custodian BitGo, exploring other acquisitions: Report

December 24, 2020 Acquisitions, BitGo, Companies, Custody, Mergers & Acquisitions, Paypal Eddy 0

PayPal’s rumored acquisition talks with crypto custodian BitGo have fallen through, Fortune reported Thursday, citing “multiple sources.” In October, there were reports that BitGo could get acquired by PayPal, among other crypto companies. The payments giant is now reportedly exploring other potential buys. Meanwhile, BitGo has been “in talks with everyone” over the years, and […]

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Coinbase, Genesis and BitGo are all talking to Wall Street’s biggest banks about crypto custody

December 3, 2020 BitGo, Capital Markets, Coinbase, Genesis, Payments and Banking, prime brokerage Eddy 0

Quick Take Crypto’s prime brokers are expanding their businesses as more traditional investors eye crypto. Firms like BitGo, Coinbase, and Genesis Global are courting publicly traded companies, macro funds, and fintech firms with their services.  They’re also having conversations with Wall Street’s large banks.  This feature story is available to subscribers of The Block Daily. […]

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Hash Watch: Bitcoin Cash Services Reveal Contingency Plans for Upcoming Fork

November 5, 2020 ABC airdrop, ABC token, BCH, BCH fork, BCHN, BCHN nodes, Binance, Bitcoin (BTC), Bitcoin ABC, bitcoin cash, BitGo, Coin Dance, Coinbase, Coinex, Coinflex, Futures, Hashrate, Huobi, IFP, Ledger Wallet, network split, News, Okex, Poloniex, Poolin, SatoshiLabs, Split, Trezor Eddy 0

The Bitcoin Cash blockchain is set to upgrade on Sunday, November 15 and it’s still expected that the network will bifurcate. So far, a number of crypto services have revealed contingency plans for the fork, and today’s data shows that at least 754 out of 1,000 bitcoin cash blocks were mined with the BCHN software. […]

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Why PayPal might be interested in BitGo

October 27, 2020 BitGo, CBDC, Custody, Genesis, Infrastructure, Mergers & Acquisitions, mergers and acquisitions, payments, Paypal, prime brokerage, Stablecoins Eddy 0

Quick Take PayPal made headlines in the crypto/blockchain industry last week by announcing its 350 million users will be able to buy and sell cryptocurrencies. Then came the news that it was exploring acquisitions of cryptocurrency companies such as BitGo. The acquisition of a crypto infrastructure/prime brokerage provider, such as BitGo, would signal a deviation […]

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Paypal’s Crypto Embrace: Morgan Stanley Says Move Boon for Mass Adoption, Critics Say Payment Giant Violates Crypto Principles

October 24, 2020 BitGo, Brad Garlinghouse, buy bitcoin with paypal, Cryptocurrency, Custodial Services, Fintech, Mass adoption, Morgan Stanely, Paypal, SatoshiLabs, XRP Eddy 0

The entry of Paypal into the cryptocurrency industry continues to expose the divide between traditional crypto space players who are less enthusiastic and non-crypto players who endorse the move. Non-crypto players like the analysts at Morgan Stanely are agreement with the notion that the payments giant’s move will lead to greater adoption cryptocurrencies. Nevertheless, the […]

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Report: PayPal is looking to acquire crypto companies, BitGo named as potential target

October 23, 2020 BitGo, Companies, M&A, Mergers & Acquisitions, Paypal Eddy 0

A new report from Bloomberg indicates that payments giant PayPal is shopping for potential crypto company acquisitions. Crypto services firm BitGo was named in the outlet’s report, which characterized the talks as ongoing and cited unnamed people familiar with the matter. Though a full article link was not available at press time, the text is […]

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BitGo Uses Chainlink (LINK) Oracle Network for On-Chain Auditing of WBTC

October 2, 2020 BitGo, chainlink, Chainlink oracle, DeFi, DeFi News, LiNK, News, Proof of Reserve, wbtc, wrapped bitcoin Eddy 0

BitGo, the institutional digital asset and custodial platform, has adopted oracle network Chainlink (LINK) for cross-chain auditing of wrapped Bitcoin (WBTC). Over the last year, BitGo has bridged over $1 billion on Ethereum in form of WBTC indicating a clear surge in demand for cross-chain crypto assets within the DeFi space. For enhanced auditability and […]

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DeFi: TRON (TRX) and BitGo enter strategic partnership for custody of wBTC, wETH

September 25, 2020 BitGo, Blockchain, DeFi, News, Tron, TRX Eddy 0

TRON (TRX) has entered into a strategic partnership with custody service provider BitGo. The cooperation enables Bitcoin and Ethereum owners to enter TRON’s DeFi market easily and quickly. The DeFi market recently reached a new high with more than $13 billion of capital locked in DeFi applications. In addition, the great profit opportunities of DeFi […]

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