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 continue de consolider sa position dans la garde des Crypto après avoir rejeté PRIME Trust, selon son PDG.
Le PDG Mike Belshe a déclaré que la société avait d'autres acquisitions en attente.
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.
BitGo, société de conservation de Crypto , annule l'acquisition de son concurrent PRIME Trust.
PRIME Trust perd des clients et des dépôts au profit de ses concurrents depuis des semaines en raison des inquiétudes croissantes concernant ses activités, a déclaré une source chez un ancien client à CoinDesk.
Le procès intenté par BitGo contre Galaxy Digital concernant l'annulation d'un achat de 1,2 milliard de dollars a été rejeté par un juge du Delaware.
Le dépositaire de Crypto BitGo avait accepté une vente à Galaxy Digital en mai 2021, mais Galaxy s'est retiré de l'accord en août dernier au milieu du marché baissier soutenu du secteur.
BitGo, société de conservation de Crypto , conclut un accord préliminaire pour l'acquisition de PRIME Trust : sources
Les termes financiers de l'accord n'ont pas été divulgués par la source.
Les législateurs américains peuvent mettre en place une réglementation adéquate sur les Crypto s'ils agissent maintenant
Les entreprises de Crypto sont paralysées par l'inaction législative autant que par une Juridique malavisée de réglementation par l'application de la loi, a déclaré le PDG de BitGo, Mike Belshe.
