BitGo

Highlights: FTX will distribute funds to creditors under $50,000 starting February 18, 2025. FTX partnered with Bitgo and Kraken to distribute funds, bypassing direct payments. The firm found $345 million in non-KYC claims under $50,000, stressing compliance and fraud prevention. […]

Highlights: FTX creditors begin reimbursement on February 18 for claims up to $50,000 via BitGo. Eligible creditors receive full claims plus 9% interest, marking first repayments post-restructuring. Bahamas creditors receive initial payments; others will start reimbursements on March 4. FTX […]

Highlights: BitGo has launched in Singapore to provide secure crypto services and follow local regulations.   A survey shows 57% of investors in Singapore plan to invest more in crypto for the long term.   Clear rules in Singapore have attracted firms […]

Highlights: BitGo plans to launch USDS, a dollar-backed stablecoin, in January 2025. USDS will reward institutions that contribute liquidity, distinguishing itself from existing stablecoins. BitGo aims to set a new standard with $10 billion in assets within a year. Crypto […]

Highlights: Coinbase teases cbBTC launch, likely a new wrapped Bitcoin product, aiming to build a massive Bitcoin economy on Base. The launch of cbBTC could rival Wrapped Bitcoin (WBTC), especially amid concerns over WBTC’s custodial changes. Coinbase’s move follows BitGo’s […]

Highlights: MakerDAO is concerned about Justin Sun’s involvement in WBTC custody. Concerns prompt MakerDAO to consider lowering WBTC vault ceilings and halting borrowing. Justin Sun clarified his strategic role in WBTC, ensuring unchanged processes and robust security. MakerDAO, a leading […]

Highlights: BitGo secures a Major Payment Institution License from MAS, expanding regulated digital payment services in Singapore. Clients can access BitGo’s insured cold storage custody solution, providing enhanced security for digital assets. Youngro Lee, CEO of BitGo Singapore, hails the […]

Highlights:  The Delaware Supreme Court found ambiguity in the terms of the $1.2 billion merger agreement between BitGo and Galaxy Digital. BitGo’s $100 million lawsuit against Galaxy Digital will return to the Chancery Court for further evidence review. The decision […]