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Crypto Custodian BitGo Raises $100M Nearly Two Months After Scrapping Prime Trust Deal: Bloomberg

According to a new report from Bloomberg, BitGo has raised $100 million at a valuation of $1.75 billion. This comes nearly two months after the crypto custodian canceled its plans to acquire rival Prime Trust. "First Mover" hosts Jennifer Sanasie and Lawrence Lewitinn discuss BitGo's new funding after Prime Trust filed for bankruptcy. Plus, their outlook on some of the billion-dollar valuations within the crypto industry.

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Finance

BitGo залучає 100 мільйонів доларів після скасування угоди PRIME Trust: Bloomberg

Підвищення ставок відбулося майже через два місяці після того, як BitGo припинив свій план придбання опинилася в облозі конкурента PRIME Trust.

BitGo will offer digital wallet services in Italy (Danny Nelson/CoinDesk)

Finance

Фірма з зберігання Крипто BitGo найняла колишнього керівника Genesis Метью Балленсвейга для керівництва мережею Go

Балленсвейг, який також був одним із керівників відділу торгівлі та кредитування в Genesis, очолить нещодавно запущену платформу BitGo.

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Opinion

Чому вихід Nasdaq з-під варти — це погано, погана новина для Крипто

Якщо фінансовий гігант T може орієнтуватися в бюрократії, то хто зможе?

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Opinion

Мабуть, дуже важко зберігати Крипто

PRIME Trust, імовірно неплатоспроможний зберігач Крипто , який винен клієнтам понад 156 мільйонів доларів, не сприяє темній репутації Крипто .

Prime Trust CEO Tom Pageler. (Prime Trust)

Videos

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.

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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.

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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."

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Finance

BitGo все ще бачить консолідацію в Крипто Custody після відмови від PRIME Trust: генеральний директор

Генеральний директор Майк Белші сказав, що компанія має інші придбання.

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Videos

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.

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