BitGo

Dfinity Foundation Launches Chain-Key Bitcoin, a Native Internet Computer BTC Derivative Token

On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” or “ckBTC.” The bitcoin derivative is backed 1:1 with the leading cryptocurrency asset. On Monday, Dfinity detailed that the technology “builds on the protocol-level integration with the Bitcoin […]

Bitgo Launches Storage and Tracking Solution for Bitcoin-Based Ordinal Inscriptions

On Thursday, digital asset custody provider, Bitgo, announced the launch of its storage and tracking solution for Bitcoin-based Ordinal inscriptions. Moreover, users can use Bitgo’s Ordinal inscription storage system to inscribe their own inscriptions onto the Bitcoin blockchain. Bitgo’s New Solution Allows for Safe Sending of Ordinal Inscriptions Bitgo has announced a new storage solution […]

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. The post Former Coinbase compliance chief Jeff Horowitz joins BitGo appeared first on The Block.

Former Coinbase compliance exec joins BitGo as new CCO

BitGo hires Coinbase’s former CCO following a $100,000 settlement with the U.S. Treasury. BitGo, a major digital asset custody and security company, has hired a former compliance executive of Coinbase.Jeff Horowitz, Coinbase’s former chief compliance officer, is joining BitGo as its new chief compliance officer, the firm announced Jan. 13. Horowitz joins BitGo after serving the same role at Coinbase since July 2018.The new exec will be replacing BitGo’s former CCO Matt Parrel

BitGo Taps Former Coinbase Exec Jeff Horowitz as Chief Compliance Officer

Jeff Horowitz led Coinbase’s global compliance program until his departure in October.

Wrapped Bitcoin ‘Burns’ Outpaced Minting for the First Time in December

BitGo “unwrapped” over 11,600 WBTC last month.

BitGo Launches Wrapped Bitcoin, Ether on Tron Blockchain

Nearly 100 DeFi-friendly WBTC have already been minted as TRC-20 tokens on Tron.

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. The post BitGo settles with US Treasury over sanctions violations appeared first on The Block.

BitGo to Pay $93K to US Treasury to Settle 183 ‘Apparent’ Sanctions Violations

Bitcoin custodian firm BitGo agreed to pay $93,830 in a settlement pact with the U.S. Treasury over 183 “apparent violations” of multiple sanctions programs.

BitGo settles with US Treasury over 'apparent' sanctions violations

The settlement repeats the Treasury's message that crypto companies will need to know their customers. The U.S. Treasury has settled with BitGo over charges that it facilitated users in sanctioned areas to transact using its crypto wallet services. BitGo, an institutional crypto custodian service and wallet operator, did not do due diligence in blocking wallet users based in Crimea, Cuba, Iran, Sudan and Syria, said the Treasury's Office of Foreign Asset Controls in a Dec. 3

BitGo settles with US Treasury over sanctions violations in Iran, Syria and Cuba

The settlement repeats the Treasury's message that crypto companies will need to know their customers. The U.S. Treasury has settled with BitGo over charges that it facilitated users in sanctioned areas to transact using its crypto wallet services between 2015 and 2019.BitGo, an institutional crypto custodian service and wallet operator, did not do due diligence in blocking wallet users based in Crimea, Cuba, Iran, Sudan and Syria, said the Treasury's Office of Foreign Asset

BitGo assets hit $16 billion as institutional adoption grows

Digital assets under custody reached a new milestone this month, BitGo says. BitGo, whose investors include Galaxy Digital Ventures, Goldman Sachs and Valor Equity Partners, reported Wednesday that digital assets under custody have surpassed $16 billion for the first time, offering further validation that institutional demand has arrived. In an official press release, BitGo said institutional investors are seeking exposure to digital assets “for custody, trading and lending

PayPal Talks to Buy Crypto Firm BitGo Have Ended: Report

Talks regarding a possible acquisition by PayPal of bitcoin custodian BitGo have fallen through, Fortune reported, citing multiple sources. Read more: PayPal Said to Be in Talks to Buy Crypto Firms Including BitGo: Bloomberg

Side-Chaining $3 Billion in Value: There’s More Than 141,000 Tokenized Bitcoins Issued on Ethereum

According to onchain statistics, there is a colossal amount of bitcoin, approximately 141,231 bitcoins or $3.3 billion at the time of publication locked into Ethereum-based tokens. There are roughly seven different wrapped or synthetic bitcoin tokens but the Wrapped Bitcoin project has the lion’s share of coins with 115,411 under custody. At the time of […] The post Side-Chaining $3 Billion in Value: There’s More Than 141,000 Tokenized Bitcoins Issued on Ethereum appeared first on Bitcoin News.

How BitGo Is Getting Into the Events Business

BitGo has added cap intro services, a kind of marketing activity carried out among hedge fund investors, to its crypto brokerage offering.