BitGo to sue Galaxy Digital for $100M over dropped acquisition
"Either Galaxy owes BitGo a $100 million termination fee as promised or it has been acting in bad faith and faces damages of that much or more," said R. Brian…
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BitGo to Sue Galaxy Digital for $100M Termination Fee
Institutional crypto services company BitGo intends to seek legal action against crypto investment firm Galaxy Digital for refusing to pay a $100 million termination fee for abandoning its acquisition plans....
Galaxy Digital terminates BitGo acquisition, citing breach of contract
After announcing plans to acquire BitGo in May 2021, Mike Novogratz’s Galaxy Digital has eventually dropped the deal but is still pursuing a listing in the United States.
OFAC’s Tornado Cash Ban Causes Github Suspensions and the Blacklisting of Crypto Addresses Holding $437M
On August 8, the ethereum mixing service Tornado Cash, and all the crypto addresses associated with the platform, were officially banned by the U.S. Treasury Department’s Office of Foreign Asset…
Bitgo Adds Near Protocol Support — Custodian to Store Near Foundation’s Treasury
On July 19, the digital asset company Bitgo announced it has partnered with the Near Foundation and will be “the first qualified custodian to support the protocol and its assets,…
Galaxy Digital delays BitGo acquisition to later on in 2022
The acquisition is scheduled to follow Galaxy's domestication in Delaware, which is expected to become effective between Q2 and Q4 of 2022.
Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’
On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an…
Avalanche eyes 60% rally as AVAX price breaks out of bull flag
The bullish setup also emerged as crypto custodian BitGo announced that it would add AVAX to its service portfolio.
Novogratz’s crypto firm Galaxy Digital delays US stock listing to 2022
After initiating the BitGo acquisition in May, Galaxy Digital expects to close the deal in the first three months of 2022.
BitGo integrates Stacks, bringing Bitcoin DeFi to institutions
Stacks is bridging decentralized finance and the Bitcoin network. BitGo users will now have access to BTC yield directly through STX tokens.