Category: BitGo

KPMG, Coin Metrics and BitGo offer combined product suite to further institutional crypto adoption

Auditing giant KPMG and crypto data firm Coin Metrics are enabling BitGo clients to monitor public blockchain network risks. The three firms are together delivering a combined suite of their products — and the idea is to further crypto adoption by institutions and banks. Coin Metrics and KPMG began working together on institutional crypto adoption […]

Continue Reading

Former Coinbase compliance chief Jeff Horowitz joins BitGo

Former Coinbase compliance chief Jeff Horowitz joins BitGo

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 […]

Continue Reading

BitGo settles with US Treasury over sanctions violations

BitGo settles with US Treasury over sanctions violations

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 […]

Continue Reading

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

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

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 […]

Continue Reading

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

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

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. […]

Continue Reading

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

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

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. […]

Continue Reading

Why PayPal might be interested in BitGo

Why PayPal might be interested in BitGo

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 […]

Continue Reading

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

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

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 […]

Continue Reading

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

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

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 […]

Continue Reading