🔥Breaking News🔥 : #Genesis Partners with #BitGo Trust for Qualified Custody Services and Cold Storage for Institutional Clients.

#dyor #crypto2023

GDAC, a cryptocurrency exchange, has signed a contract with BitGo, a global digital asset wallet security technology company. This follows GDAC's previous contract with custody company Fireblocks. #GDAC #BitGo #Cryptocurrency #Blockchain

🇸🇬 BitGo secures a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), enabling the provision of cryptocurrency payment services to Singaporean customers. BitGo joins the ranks of 12 cryptocurrency companies with this license. 💼🔒 #BitGo #CryptoLicense

Floki Inu (FLOKI), one of the popular meme tokens, is frequently mentioned with its listings and partnerships. #FLOKI $FLOKI

Listed on the world's largest crypto exchange Binance on May 5, FLOKI has now announced that it has partnered with crypto custody platform BitGo. #Binance #BitGo

Korean Hana #Bank has entered into a strategic #partnership agreement with cryptocurrency #custody company #BitGo to jointly #promote crypto asset custody services. BitGo is currently setting up a legal entity in South Korea and is preparing to obtain Information Security Management System (ISMS) certification and Virtual Asset Service Provider (VASP) reporting.

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FTX is streamlining token transfers across various blockchain networks while bolstering security through asset migration to BitGo, their trusted custodial service.

#WebGTR #FTX #Token #blockchain #BitGo

- **Funding Success**: #BitGo , a prominent digital asset financial services firm, has secured $100 million in a Series E funding round. Leading investors include Wellington Management and Owl Rock Capital, along with other notable participants.

- **Post #Lawsuit Outcome**: The funding follows BitGo's legal battle loss against Galaxy Digital related to a merger dispute. Despite the setback, the company has managed to secure substantial funding for its future endeavors.

- **Expansion Plans**: The raised capital will be utilized to accelerate BitGo's expansion initiatives. This includes entering the crypto prime brokerage market and further developing its presence in various segments of the digital asset ecosystem.

- **Growth #Strategy **: BitGo aims to enhance its offerings across key areas such as security, compliance, and custodial solutions. The company's focus is on catering to the needs of institutional investors within the digital asset space.

- **Prominent #Investors **: The involvement of notable investors like Wellington Management and Owl Rock Capital underscores the significance of BitGo's strategic direction and potential for growth.

- **#Industry Significance**: BitGo's successful funding round indicates ongoing investor confidence in the digital asset sector's growth and potential, especially within institutional-focused services.

$BTC $ETH $SOL

BitGo CEO Predicts More Bitcoin ETF Rejections Amid Regulatory Uncertainties

#BitGo CEO Mike Belshe is warning that the U.S. Securities and Exchange Commission (SEC) is likely to reject a series of spot bitcoin (BTC) exchange-traded fund (ETF) applications due to concerns surrounding the separation of exchanges and custody services. Belshe highlighted the potential risk factors within entities like Coinbase, frequently chosen as a custody partner for #ETH applicants. He suggests that the SEC might insist on a full separation of exchanges and custody services before considering approval, emphasizing the need for a clearer understanding of the risks involved.

Despite an overall industry optimism with approximately a 90% chance of approval in January, regulatory hurdles persist. The SEC has a history of rejecting ETF applications, citing worries about market manipulation and inadequate customer protection. Notably, fund manager BlackRock's application for a spot bitcoin ETF filed in June faces these challenges, even as the price of BTC has surged by 45% to $36,200 since then, according to TradingView data.
#ETH #WhaleAlert #BTC $ETH $BTC $BNB