BitGo
Bitcoin Investment Sentiment Turns Bullish; Hut 8 Secures Up to $50M in Loans From Coinbase
"CoinDesk Daily" host Jennifer Sanasie takes a look at today's hottest headlines in the crypto industry. Digital asset investment products witnessed the largest single weekly inflows in a year - mostly dominated by bitcoin-related products, according to a report from CoinShares. Meanwhile, Hut 8 Mining (HUT) has secured up to $50 million in loans from Coinbase Credit to fund its operations, which includes closing a merger with US Bitcoin Corp. Plus, days after abandoning its proposed purchase of Prime Trust, BitGo CEO Mike Belshe said the cryptocurrency custodian has more acquisitions in the pipeline. And, the NEAR Foundation is joining Alibaba Cloud to accelerate Web3 growth in Asia and the Middle East.
BitGo CEO on Terminating Prime Trust Acquisition
BitGo CEO Mike Belshe joins "First Mover" to address why the custodian terminated its acquisition of rival Prime Trust after reaching a preliminary agreement to acquire the firm for an undisclosed amount. Plus, insights into BitGo's Go Network and Belshe's outlook on crypto regulation.
BitGo CEO Mike Belshe Reveals Plans for Future Acquisitions Amid Market Consolidation
BitGo CEO Mike Belshe told First Mover "we've got some pending" acquisitions and foresees "consolidation in the space over the next six months" after abandoning its takeover of rival Prime Trust. Belshe also envisions "the opportunity to bring in some adjacent businesses that really help bolster and strengthen us as a full-service custodian."
BitGo aún ve consolidación en la custodia de Cripto tras rechazar PRIME Trust: CEO
El director ejecutivo Mike Belshe dijo que la empresa tiene otras adquisiciones pendientes.
Bitcoin Trades at a Discount on Binance.US: Kaiko; BitGo Cancels Acquisition of Prime Trust
"CoinDesk Daily" host Jennifer Sanasie gives an update on some of the stories making headlines in the world of crypto. Bitcoin is currently trading at a discount on crypto exchange Binance.US, according to data from Kaiko. Cryptocurrency custodian BitGo terminated its acquisition of rival Prime Trust. And, Mastercard has expanded its Engage program, which links potential card issuers with partners that can provide appropriate technical expertise, to help bring cryptocurrency card programs to market.
Crypto Custody Firm BitGo Withdraws Acquisition of Rival Prime Trust
Cryptocurrency custodian BitGo terminated its acquisition of rival Prime Trust after earlier this month reaching a preliminary agreement to acquire the firm for an undisclosed amount amid speculation it was facing bankruptcy. "The Hash" panel weighs in on Prime Trust's rocky journey in recent months.
La firma de custodia de Cripto BitGo cancela la adquisición de su rival PRIME Trust.
PRIME Trust ha estado perdiendo clientes y depósitos frente a competidores durante semanas en medio de crecientes preocupaciones sobre su negocio, dijo a CoinDesk una fuente de un ex cliente.
Juez de Delaware desestima demanda de BitGo contra Galaxy Digital por compra cancelada de 1.200 millones de dólares
El custodio de Cripto BitGo había acordado una venta a Galaxy Digital en mayo de 2021, pero Galaxy se retiró del acuerdo en agosto pasado en medio del mercado bajista sostenido de la industria.
La firma de custodia de Cripto BitGo llega a un acuerdo preliminar para comprar PRIME Trust (Fuentes)
La fuente no reveló los términos financieros del acuerdo.
Los legisladores estadounidenses pueden lograr una regulación adecuada de las Cripto si actúan ahora
Las empresas de Cripto se están viendo obstaculizadas tanto por la inacción legislativa como por una Regulación desacertada de regulación mediante la aplicación de la ley, afirmó el director ejecutivo de BitGo, Mike Belshe.
