Financial Industry News
Qualified cryptocurrency custodian BitGo has hired Coinbase’s former chief compliance officer to lead its compliance and anti-money laundering programs. Jeff Horowitz led Coinbase’s global compliance program before leaving in October. Prior to Coinbase, he spent 12 years with Pershing, a clearing house owned by BNY Mellon. Horowitz was also co-chair of the Securities Industry and […]
Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
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Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Continue ReadingBitGo has added capital introduction (cap intro) services, a kind of marketing activity carried out among hedge fund investors, to its suite of white-glove crypto brokerage services. Through a series of invitation-only roundtables with hedge fund managers, BitGo Prime says it will bring together asset managers, family offices, sovereign funds, pension funds, endowments and high-net-worth […]
Continue ReadingWrapped Bitcoin, the bitcoin-backed token on Ethereum now worth over $2 billion, has seen an increase in burns (or “unwrappings”) by some of its largest users as the Ethereum-based decentralized finance sector continues to cool. BitGo clients like Three Arrows Capital and Alameda Research are exchanging an increasing amount of their tokenized bitcoins minted earlier […]
Continue ReadingEthereum is still the most popular off-chain destination for bitcoins (BTC) as the total supply of tokenized BTC reached 150,000 BTC ($2.05 billion) at the end of October, up 21% since September. Growth has slowed significantly, however, since the decentralized finance (DeFi) craze that peaked near the end of Q3. Roughly $360 million worth of […]
Continue ReadingCrypto market maker Amber Group will service its clientele of institutional traders with the help of BitGo Trust, the custodial arm of the Palo Alto-based security firm. BitGo’s status as a qualified custodian should draw more high-net-worth investors to Amber from places like Hong Kong, Taiwan and Seoul, the companies said. The Hong Kong-based market […]
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