BitGo


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BitGo Files $100M Lawsuit Against Galaxy Digital Over Allegedly Breaching Merger Agreement

Cryptocurrency custody firm BitGo sues crypto financial services firm Galaxy Digital, alleging that the latter intentionally breached its $1.2 billion merger announced in May last year. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the lawsuit.

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Crypto Custody Firm BitGo to Sue Galaxy Digital, Owes a $100M Breakup Fee

Cryptocurrency custody company BitGo plans to sue Galaxy Digital for backing out of a planned $1.2 billion merger agreement. "The Hash" panel discusses the latest crypto legal battle as BitGo says it will seek $100 million in damages from Galaxy.

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Eco CEO on Bitcoin’s Next Move After Briefly Topping $25K

Eco CEO Andy Bromberg discusses his outlook for bitcoin after the cryptocurrency briefly climbed above $25K for the first time since June. Plus, reactions to crypto-focused financial services firm Galaxy Digital abandoning its plan to buy crypto custody specialist BitGo.

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BitGo to Sue Galaxy Digital For Abandoning $1.2B Merger Deal; Crypto Funds End Six-Week Inflows Streak

Crypto custody company BitGo plans to sue Galaxy Digital for backing out of the firm's $1.2 billion merger agreement. CoinShares reporting crypto funds had $17 million in outflows in the seven days up to Aug. 12, ending six consecutive weeks of inflows. Plus, European digital bank Revolut has been granted authorization to offer crypto services across the European Economic Area (EEA).

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Galaxy Digital Scraps $1.2B Plan to Buy Crypto Custody Firm BitGo

Galaxy Digital, the cryptocurrency-focused financial services firm run by noted investor Michael Novogratz, is walking away from its plan to buy BitGo, saying the crypto custody specialist failed to provide financial statements by a deadline of July 31. "The Hash" panel discusses the latest story turning heads in the crypto community.

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Finanza

La società di custodia Cripto BitGo fa causa a Galaxy Digital per aver abbandonato l'accordo di fusione da 1,2 miliardi di dollari

BitGo ha affermato che Galaxy le deve una penale di 100 milioni di dollari per la rottura.

BitGo CEO Mike Belshe (CoinDesk archives)

Finanza

Galaxy Digital abbandona il piano da 1,2 miliardi di dollari per acquisire la società di custodia Cripto BitGo

L'accordo da 1,2 miliardi di dollari è stato annunciato a maggio 2021 e si prevedeva che si sarebbe concluso entro la fine dell'anno.

Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)

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New Models for Market Making, Custody and Other Institutional Demands

Mike Belshe, Co-founder and CEO of BitGo and Christine Moy, Managing Director at Apollo Global Management, join Wintermute Founder and CEO Evgeny Gaevoy at Consensus 2022 to discuss how the crypto market has changed and the impact of macroeconomics on the industry. Moderator: Noelle Acheson, Head of Market Insights, Genesis Trading

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