SEC Reviews Proposal for New Bitcoin, Ether ETF Custodians

September 19, 2024 Bitcoin.com

The U.S. Securities and Exchange Commission (SEC) is seeking public input on a proposal by Cboe BZX Exchange to add new custodians for bitcoin and ethereum exchange-traded funds (ETFs). The plan aims to enhance security by adding Anchorage Digital Bank and Bitgo alongside Coinbase as custodians for bitcoin and ether holdings. SEC Reviews Proposal for […]

Michael Saylor’s Bitcoin Poll Exposes 2025 Buying Frenzy – 78% Say More BTC

Cryptoquant: Coinbase’s cbBTC Could Challenge Bitgo in Wrapped Bitcoin Market

September 19, 2024 Bitcoin.com

Bitcoin

This week, Cryptoquant researchers highlighted a new rivalry heating up in the wrapped bitcoin market, with Coinbase’s cbBTC stepping up to challenge Bitgo’s long-established reign. Coinbase’s Wrapped Bitcoin Token cbBTC Shakes Up Market Coinbase introduced its wrapped bitcoin token, cbBTC, in mid-September 2024, and it has swiftly expanded to a supply of 1,670 cbBTC, according […]

Michael Saylor’s Bitcoin Poll Exposes 2025 Buying Frenzy – 78% Say More BTC

Bitgo to Launch USDS Stablecoin in January 2025

September 18, 2024 Bitcoin.com

bitcoin.com

Bitgo plans to launch its new stablecoin, USDS, in January 2025, offering a unique model that rewards liquidity providers. The announcement was made by Bitgo CEO Mike Belshe during an interview with Coindesk at the Token2049 event in Singapore. The stablecoin will be backed by U.S. Treasury bills, overnight repos, and cash, aiming to create […]

Michael Saylor’s Bitcoin Poll Exposes 2025 Buying Frenzy – 78% Say More BTC

Anchorage Digital Bank, Bitgo join Coinbase to custody 21Shares crypto ETFs

September 12, 2024 Coin Telegraph

21 Shares

The move diversifies spot crypto ETF custodians beyond Coinbase, which has dominated crypto custody for US issuers.

Asset manager 21Shares is adding Anchorage Digital Bank and BitGo as custodians for its spot cryptocurrency exchange-traded funds (ETF), according to a Sept. 12 announcement.

Anchorage Digital Bank and BitGo will join Coinbase, the existing custodian, in the custody of Bitcoin (BTC) and Ether (ETH) for 21Shares’ two United States spot crypto ETFs, ARK 21Shares Bitcoin ETF (ARKB) and 21Shares Core Ethereum ETF (CETH).

“We consider our custody partners to be crucial to the risk management […] of our product lineup, and diversification adds to the safety and security of our offering,” Andres Valencia, 21Shares’s head of investment management, said in a statement.

Michael Saylor’s Bitcoin Poll Exposes 2025 Buying Frenzy – 78% Say More BTC

BitGo deploys wrapped BTC on Avalanche and BNB Chain

September 11, 2024 Coin Telegraph

BitGo

Crypto custodian BitGo is now using LayerZero’s OFT Standard to deploy its WBTC across more than 80 chains.

Cryptocurrency custody platform BitGo has adopted LayerZero’s Omnichain Fungible Token (OFT) Standard for its Wrapped Bitcoin (WBTC), enabling the asset to operate across multiple blockchain networks.

According to a Sept. 10 announcement, BitGo is deploying WBTC on Avalanche and BNB Chain as part of the rollout, with more chains to be included. Prior to this advanced rollout, WBTC was available on networks such as Ethereum, Base, Tron, and Polygon.

Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin (BTC) that allows holders to use BTC value in decentralized finance (DeFi) applications for trading, lending, and liquidity. Each WBTC is backed 1:1 by Bitcoin. According to data from CoinGecko, the token's market capitalization was $8.8 billion at the time of writing.

Michael Saylor’s Bitcoin Poll Exposes 2025 Buying Frenzy – 78% Say More BTC

DeFi protocol Threshold proposes Bitcoin wrapper merger to ‘save WBTC’

August 30, 2024 Coin Telegraph

BiT Global

The proposal would effectively transfer control of WBTC to Threshold.

Bitcoin (BTC) decentralized finance (DeFi) protocol Threshold is proposing to merge its own BTC “wrapper” token, tBTC, into Wrapped Bitcoin (WBTC) in a bid to “save WBTC” following concerns about an impending change in control of the popular BTC wrapper, according to an Aug. 29 proposal in Threshold’s governance forum.

On Aug. 9, BitGo — the cryptocurrency custodian holding the Bitcoin backing WBTC — announced a planned partnership with BiT Global, a Hong Kong-based crypto exchange. Per the partnership, which aims to diversify WBTC’s United States-centric footprint, BiT Global is expected to gain partial control of the multisignature wallet custodying WBTC’s Bitcoin backing.

“This announcement has proven controversial due to the involvement of Justin Sun, with many in the ecosystem, expressing concern over his ‘affiliated projects show worrying signs of possible misappropriation’ of collateral,” Threshold’s proposal said.

Michael Saylor’s Bitcoin Poll Exposes 2025 Buying Frenzy – 78% Say More BTC

Save WBTC: Threshold Network Proposes Sweeping Changes to Wrapped Bitcoin Custody

August 29, 2024 Bitcoin.com

bitcoin.com

Threshold Network has proposed a plan to enhance the stability and security of Wrapped Bitcoin (WBTC) by replacing its centralized custody model with Threshold’s decentralized system. This move comes in response to recent concerns within the decentralized finance (defi) ecosystem over the current custody arrangements for WBTC. Threshold Network Proposes Decentralized Custody Model for WBTC […]

Michael Saylor’s Bitcoin Poll Exposes 2025 Buying Frenzy – 78% Say More BTC

Mt. Gox’s suspected Bitgo $2.1B BTC wallet activates

August 13, 2024 Coin Telegraph

Mt. Gox’s suspected Bitgo .1B BTC wallet activates

Bitcoin

A test transaction from a dormant Mt. Gox wallet triggers speculation of Bitgo’s role in the ongoing Bitcoin distribution to creditors.

A wallet that received $2.19 billion in Bitcoin from the defunct exchange Mt. Gox initiated a test transaction at 10:57 UTC.

According to an Arkham Intelligence X post, the wallet (bc1q26) is suspected to be Bitgo, the fifth and final exchange set to distribute funds to Mt. Gox creditors.

The wallet currently holds 33,105 Bitcoin (BTC) worth $1.96 billion after the recent market sentiment shift.

Michael Saylor’s Bitcoin Poll Exposes 2025 Buying Frenzy – 78% Say More BTC

WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns

August 12, 2024 Bitcoin.com

BiT Global

The recent announcement of the custody change of WBTC, a wrapped version of bitcoin, has prompted a negative reaction in decentralized finance (defi) protocols that reject Justin Sun’s disclosed relation with the project. Bitgo is moving WBTC custody to a joint venture with Bit Global, another custodian, to diversify custody locations and decentralize private keys […]

Michael Saylor’s Bitcoin Poll Exposes 2025 Buying Frenzy – 78% Say More BTC

Bitgo Secures Major Payment Institution License in Singapore

August 8, 2024 Bitcoin.com

bitcoin.com

Bitgo, a provider of digital asset solutions, has obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS). This follows an in-principle approval received several months ago. With this license, Bitgo can now offer regulated digital payment token services in Singapore, including secure custody and trading solutions. CEO Mike Belshe highlighted Singapore’s […]

BitGo

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