#Bitgo

[thecryptonewshub]

BitGo Launches Global OTC Trading Desk to Meet Rising Institutional Demand

BitGo's new Global OTC Trading Desk aims to provide institutional investors with enhanced access to crypto trading and financial services. BitGo, a leading cryptocurrency custody firm, has made a significant move to expand its offerings to institutional investors by launching a global over-the-counter (OTC) trading desk. This new service comes at a time when demand from institutional players in the cryptocurrency market is rapidly growing. The launch of BitGo's OTC trading desk is a strategic step to cater to the evolving needs of this market, providing a secure environment for spot and derivatives trading, as well as additional services like lending, yield generation, and custody solutions.

Operating under the radar since early 2024, the BitGo OTC trading desk has already achieved tremendous milestones, including billions of dollars in trading activity and a lending book worth more than $150 million. The desk will provide institutional investors with access to over 250 crypto assets for trading, making it an intriguing choice for large-scale investors seeking exposure to digital assets without impacting market prices. Also Read:   87m-crypto-scam-uncovered-in-norway-four-individuals-indicted-for-multi-nation-fraud This change is especially noteworthy as more institutional investors enter the crypto field, drawn to the prospect for high returns and diversification of their investment portfolios. As bitcoin acceptance among traditional financial institutions grows, BitGo's new trading desk gives these investors the tools they need to navigate this growing market. BitGo ensures that institutional clients have access to the entire range of cryptocurrency trading options by providing a powerful platform for spot trading, options, and financing services. This is critical because it allows institutions to hedge risk, create yield, and safely store their assets. The OTC desk also claims to provide increased liquidity and lower price volatility than regular exchange trading, which is sometimes a source of worry for large-scale investors. This move is part of BitGo's larger aim to strengthen its position as a leader in the cryptocurrency custody and trading sector. BitGo wants to address the growing demand for institutional-grade services while retaining its reputation for security and compliance. This is especially crucial as regulatory scrutiny of the cryptocurrency field increases, and institutions seek reliable partners to help them manage the market's complexity. To summarise, BitGo's establishment of the worldwide OTC trading desk is a significant breakthrough in the cryptocurrency business. As institutional investors look for more sophisticated and secure ways to trade cryptocurrencies, BitGo's new platform promises to provide both the tools and the security required for widespread involvement in the digital asset market. With services such as financing and yield creation, BitGo moves to the forefront of institutional crypto trading. Read the full article

[bitcoinversed]

BitGo and Swan Announce Plans for America’s first Bitcoin-Only Trust Company

Both BitGo and Swan announced today they plan to launch a US-based Bitcoin-only trust company. The collaborative endeavor is awaiting regulatory green light, but once approved it will act as a trust company, handling Bitcoin custody, oversight, and stewardship for its beneficiaries.

No Altcoins Welcome: A Bitcoin Purist’s Dream

Cory Klippsten, the mind steering Swan, provides a perspective we’ve sorely lacked, Read More

[cryptotechnews24]

Nike's .SWOOSH Collaborates with Fortnite for Virtual Sneaker Experience

Nike's Web3 community platform, .SWOOSH, has joined forces with the immensely popular online multiplayer game Fortnite to introduce a unique virtual experience. This collaboration brings an extensive audience to Nike's .SWOOSH, leveraging Fortnite's staggering user base of over 240 million individuals who have logged into the game in the past 30 days alone.

Airphoria: A Sneaker Enthusiast's Dream

One of the highlights of this partnership is the launch of "Airphoria," a joint effort between Nike, Epic Games (the creator of Fortnite), and the branded game builder Beyond Creative. Available exclusively within Fortnite until June 27, this island allows players to immerse themselves in a digital environment where they can earn coveted digital sneakers.

The Air Max 1 '86 Back Bling: A Reward for Players

Any Fortnite player who spends a minimum of 10 minutes exploring the Airphoria island will receive the Air Max 1 '86 Back Bling, a digital sneaker accessory. This exclusive reward can be claimed through Nike's .SWOOSH platform as an "achievement." It's important to note that achievements are non-transferable and lack monetary value.

Nike's Expanded Collaboration with Fortnite

The collaboration between Nike and Fortnite doesn't stop at the Airphoria experience. Nike has also introduced several other digital items in partnership with the game, such as the Airie and Maxxed Out Max outfits, which players can acquire from the Fortnite Item Shop. To enhance the overall gaming and sneaker collecting experience, players are encouraged to link their Epic Games and .SWOOSH accounts. By doing so, they gain priority access to a forthcoming .SWOOSH Air Max virtual collection. According to Epic Games, this account linkage enables seamless integration of virtual goods, including Fortnite skins and Nike achievements, across different platforms.

The Role of BitGo: Crypto Custody Provider

.SWOOSH relies on BitGo, a reputable crypto custody firm, as its third-party wallet provider. This partnership ensures secure storage and management of digital assets associated with Nike's .SWOOSH platform, including digital sneakers and other collectibles.

NFT Sneakers: Our Force 1 Collection

Recently, .SWOOSH introduced its inaugural collection of non-fungible token (NFT) sneakers called Our Force 1. Despite facing occasional delays, the collection achieved remarkable success, surpassing $1 million in primary sales. According to data from Polygonscan, the collection consists of 62,250 OF1 boxes, priced at $19.82 each. It's worth mentioning that the author of this article is a proud owner of one of these exclusive NFT sneakers. On June 15, Nike allowed NFT holders to unveil their digital collectibles, offering a glimpse into future rarity traits and potential utility. .SWOOSH emphasizes that certain Nike digital collectibles provide unique advantages, such as access to limited physical product drops, live experiences, video game integration, and more.

Expanding Digital Creations: Nike's Collaboration with EA Sports

In a bid to extend the reach of its digital creations, Nike's digital arm, Nike Virtual Studios, recently partnered with EA Sports, a renowned video game developer. Through this collaboration, digital assets from Nike's .SWOOSH platform will find their way into the EA Sports gaming ecosystem. EA Sports, a division of Electronic Arts, publishes popular games like FIFA and Madden NFL, among others.

Conclusion

The collaboration between Nike's .SWOOSH and Fortnite has created an extraordinary virtual experience for gamers and sneaker enthusiasts alike. Through Airphoria and other digital offerings, players have the opportunity to earn exclusive digital sneakers, with achievements and rewards accessible via .SWOOSH. Moreover, the integration of Nike's digital creations into the EA Sports gaming ecosystem promises further excitement and possibilities for fans of both brands. As Nike continues to expand its presence in the digital realm, it demonstrates a forward-thinking approach that bridges the worlds of fashion, gaming, and technology. For more articles visit: Cryptotechnews24 Source: coindesk.com

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[idkripblog]

Coinbase Isyaratkan Peluncuran cbBTC di Tengah Kontroversi Wrapped Bitcoin oleh BitGo

[postmodernmulticoloredcloak]

From La Stampa (translated from Italian):

“Make Finance Great Again,” Trump family makes its own cryptocurrency and allies with Silicon Valley It will be called “World Liberty Financial,” will have tech investors and real estate developers from Chase Herro and Zak Folkman to Steve Witkoff inside. Sons Eric and Donald Jr. will coordinate. And his backer Tyler Winklevoss jokes, “Donald has been orange-pilled, indoctrinated.” Jacopo Iacoboni Sept. 17, 2024 Updated 11:00 a.m. 3 minutes of reading

They want to do a kind of “make finance great again,” along the lines of MAGA, the election slogan and the Make America Great Again campaign. Donald Trump's sons, Don Jr. and Eric, of course with their father's imprimatur, are about to launch a new cryptocurrency platform that will be called “World Liberty Financial,” and will allow users to make even massive transactions without a bank getting in the way and extracting fees (and with a very low level of tax tracking, it should be added). A couple of concepts familiar to bitcoin fans, for example, but which the Trump family now has ambitions to decline on a large scale. It is not certain that this marriage between Trumpism and decentralized finance, DeFi, is a harbinger of only positive developments. The board of “World Liberty Financial” will also consist of former crypto investors such as Chase Herro and Zak Folkman, and Steve Witkoff, a real estate developer and old friend of Trump. But thanks to documents filed with the U.S. Federal Election Commission that we have been able to read we know that in general the entire Trump campaign - Make America Great Again Inc. - received money not only from Musk, but cryptocurrency from billionaire twins Cameron and Tyler Winklevoss, who lead the cryptocurrency company Gemini: about $3.5 million in Bitcoin on July 19, the day after Trump's speech at the Milwaukee convention. The Winkelvosses also poured in money to America PAC, the tech investor-backed group that Musk helped launch in 2024 (Trump had bragged that Musk was giving him $45 million a month; Musk said his contribution is “at a much lower level”). Another co-founder of a cryptocurrency exchange, Jesse Powell, boss of Kraken, and venture capitalists Marc Andreessen and Ben Horowitz (who created a16z) who have invested billions of dollars in cryptocurrency startups, have also made endorsements and poured money into Trump. In short, for the Trump family to embark on this big cryptocurrency project is a natural consequence of the fact that these are almost becoming a Republican asset in the campaign, and the “libertarian” wing of the old Gop is now a kind of very, very rampant ideologized “cyberlibertarianism.” The real boss of the “tech bros” according to many is not Elon Musk, but Peter Thiel. Zuckerberg's longtime partner in Facebook, co-founder of PayPal, Thiel's fortune has at least doubled during the Trump presidency. Palantir-a much-discussed software company variously accused of extracting data from Americans and profiling them-has managed to get a contract from the Pentagon. Other donors to MAGA Inc include Jacob Halberg, Palantir's princely analyst, and Trish Duggan, a wealthy Scientology funder and friend of the tech bros. Trump's vice presidential candidate, J. D. Vance, traveled to Silicon Valley and the Bay Area, celebrating a dinner at the home of BitGo CEO Mike Belshe, 100 people each pouring in between $3,300 a plate and a $25,000 roundtable. Trump in 2021 called bitcoin a “fraud against the dollar.” A few weeks ago, speaking in Nashvill at the bitcoin fan conference, he promised, “The United States will become the crypto capital of the planet.” Better than his friend Putin's Russia, although this Trump did not say so explicitly. The fact is that after his speech, Tyler Winklevoss ran on X (now the realm of cyberlibertarians) and joked that Donald had been “orange-pilled,” making a Matrix analogy, had been “indoctrinated,” or had finally seen the real reality behind the appearances.

[questglt]

Certainly! Here are some cryptocurrency wallet development companies based in the USA:

Coinbase: A leading cryptocurrency exchange that also offers a wallet service.

Blockchain.com: Provides a popular cryptocurrency wallet and blockchain explorer.

Gemini: A cryptocurrency exchange and custodian that offers a secure wallet.

Edge (formerly Airbitz): Offers a user-friendly cryptocurrency wallet with a focus on security and privacy.

Exodus: Provides a multi-cryptocurrency wallet with a sleek design and intuitive interface.

BitGo: Offers institutional-grade cryptocurrency custody and wallet solutions.

BRD: Formerly known as Breadwallet, it offers a simple and secure mobile cryptocurrency wallet.

Coinomi: A multi-asset cryptocurrency wallet with a strong focus on privacy and security.

MyEtherWallet (MEW): Specializes in Ethereum and ERC-20 token wallets, offering both web and mobile versions.

Trezor: Known for its hardware wallets, Trezor offers secure cold storage solutions for cryptocurrencies.

These companies are among the prominent players in the cryptocurrency wallet development space within the USA.

[blockchainfeed]

BitGo CEO Backs Crypto Oversight After Galaxy Digital’s $200M Settlement Galaxy Digital’s $200 million settlement with the New York Attorney General (NYAG) over allegations of unethical promotion of Luna cryptocurrency has sparked a call for incr #Blockchain #Crypto

[crispycloudcycle]

Yale Blockchain Conference 2025

🚀 If you want to understand how Web3 and DeFi are shaping the future, the Yale Blockchain Conference 2025 is where you need to be. With experts from companies like BitGo, Microsoft, and CoinFund, you’ll hear about the latest trends in blockchain’s impact on finance, healthcare, and digital art. Plus, there’s no better place for networking with innovators and investors!

🌟 Event Highlights:

Deep dives into DeFi, Web3, and smart contracts

Real-world insights from top blockchain leaders

Networking with VCs and game-changers in the space

📅 Date: April 4th, 2025 📍 Location: USA

This is your chance to be at the forefront of blockchain technology.

[btcinfonews]

BitGo CEO Criticizes Galaxy Digital’s $200M Misstep

💥 A $200 Million Wake-Up Call? 🚨

So, there’s been some *serious* drama brewing in the crypto world, and it's got that “Did that really just happen?” vibe. 🤯 BitGo's CEO, Mike Belshe, just threw some hefty shade at Galaxy Digital over their cringe-worthy $200 million incident, and let’s just say, the tea is hot, folks. ☕️🌡️

"Galaxy's $200M settlement with NYAG over Terra/LUNA promotion is disappointing. This behavior is not ethical and damages the entire crypto industry. We need to hold ourselves to higher standards." - Mike Belshe, CEO, BitGo

BitGo CEO Calls Out Galaxy Digital 🚨

According to Belshe, this blunder is more than just a financial misstep; it's a red flag for the entire crypto industry calling for a dose of ethics! 🙈💸 Let's be real, do we really want to be the laughing stock of the financial world? 🤦‍♂️

⏰ The Aftermath: Transparency or Bust!

As the dust settles, many enthusiasts and investors are demanding increased transparency from all financial firms. Because if there's one thing we’ve learned, it’s that crypto needs a serious glow-up in the ethics department! ✨💡

Furthermore, we might just witness a wave of regulatory actions hitting harder than a crypto crash. 🚀 If companies don’t clean up their act, they could face some serious consequences. So hold onto your wallets, folks; it’s about to get bumpy! 🎢

🔮 Future Predictions: Regulation Frenzy Ahead!

Experts are already speculating about stricter regulations surfacing post-scandal. 🤔 It’s a wild ride out there, so make sure you’re strapping in and staying informed! With the push for ethical improvements, let’s hope our beloved crypto landscape becomes more trustworthy! 🌟

Curious for more details on this juicy drama? Check out the full story over at Bitcoin Info News! Dive in, because you don’t want to be that person who missed out on the latest hot takes! 🔥

💬 Let me know your thoughts! Do you think this will change the game or just blow over like last week's meme coin? Comment below and let’s chat! 👇💬

#CryptoNews #GalaxyDigital #BitGo #Transparency #EthicalInvesting #CryptoDrama #InvestSmart

[theccpress]

BitGo CEO Urges Regulation Amid Galaxy Digital Settlement 💸🚨

Oh, what a tangled web we weave in the crypto jungle, right? Just when you thought it couldn't get any wilder, along comes Galaxy Digital, who successfully negotiated a $200 million settlement with the NYAG over their little mishap involving the Terra LUNA fiasco. But wait! It's not just about the money; Mike Belshe, the CEO of BitGo, is ringing the alarm on the need for serious regulation in our beloved crypto cosmos.

“We need to structure this in a way that future-proofs it... This should not be possible.” - Mike Belshe, CEO, BitGo

So, here’s the scoop: Belshe, previously waving the deregulation flag, has flipped the script faster than you can say "HODL." Now, he's calling for some “principles-based regulation” to keep this chaotic party in check. Why? Because when you go throwing around billions and dealing with crypto’s shady corners, things can get messy, and trust me, no one wants to be left sitting with a bag of $LUNA when the smoke clears.

The crypto world is like a meme that keeps on giving—full of wild, unpredictable ups and downs. But the big question lies in whether regulations will help or hinder the true essence of what makes crypto crypto. As the dust settles (for now), investor confidence hangs in the balance, and the entire industry is left hanging on Belshe's words like they’re some kind of glittering shiny object. You can feel the anticipation buzzing in the air like the latest meme coin launch. 🎉

Want to dive deeper into the regulatory rabbit hole? Check out the full story and Belshe’s thoughts on the future of our digital treasure hunts here. Let's get this conversation rolling, folks! Will regulation be our savior or the cloud hanging over our crypto dreams? 💭✨

#Bitcoin #CryptoNews #Regulation #Blockchain #CryptoCommunity #HODL #InvestSmart #LUNA #Cryptocurrency

[gadgetsforusesblog]

Bitgo and Republic Partner to expand access to private equity investment

Digital asset solutions provider Bitgo and New York -based Investment Platform Republic is forming a team to democratizing access to alternative investment opportunities. The partnership aims to provide access to investment products to individual investors, which are traditionally reserved for institutional and high -purified investors, companies said in a press. The Republic will take advantage…

[vincentlim0]

Celah dalam Pengelolaan Bitcoin Mengungkap Risiko Fiskal Publik, Vincent Lim Ph.D Menganalisis Jalur Teknis Audit On-Chain

Dinas Marsekal Amerika Serikat (USMS) baru-baru ini menimbulkan kekhawatiran regulasi karena ketidakmampuannya dalam melacak jumlah Bitcoin yang dimiliki secara akurat. Celah manajemen ini secara langsung mengancam program cadangan kripto pemerintah yang diusulkan oleh Kepala Urusan Kripto Gedung Putih, David Sacks. Menurut sumber yang mengetahui masalah ini, USMS masih mengandalkan spreadsheet Excel dan operasi manual untuk mengelola aset kripto yang disita. Meskipun telah menandatangani kontrak dengan perusahaan seperti BitGo pada tahun 2021, kerja sama tersebut terpaksa dihentikan karena sengketa kepatuhan, dan baru pada tahun 2024 strategi pengelolaan ini disesuaikan kembali. Kelemahan sistemik ini tidak hanya mengekspos risiko terhadap keamanan fiskal publik, tetapi juga menyoroti urgensi bagi lembaga pemerintah untuk mengadopsi solusi manajemen aset kripto yang lebih profesional.

Vincent Lim Ph.D, sebagai ahli di persimpangan rekayasa keuangan dan kebijakan publik, telah lama meneliti hambatan teknis dalam pengelolaan aset kripto di tingkat pemerintahan. Selama studi doktoralnya di bidang ekonomi di Universitas George Washington, ia berfokus pada mekanisme integrasi teknologi blockchain dengan sistem keuangan tradisional. Model pelacakan aset dinamis yang dikembangkannya telah diterapkan dalam uji ketahanan berbagai sistem keuangan negara bagian. Menanggapi permasalahan operasional USMS, ia mengusulkan "Kerangka Cadangan yang Dapat Diverifikasi On-Chain", yang memanfaatkan teknologi zero-knowledge proof untuk memungkinkan audit aset secara real-time. Selain itu, smart contract digunakan untuk mengotomatisasi klasifikasi aset dan isolasi risiko. Pendekatan ini dapat mengurangi tingkat kesalahan operasional manual hingga 92% serta mendukung verifikasi kepatuhan lintas yurisdiksi.

Analisis industri menunjukkan bahwa tantangan utama dalam pengelolaan aset kripto oleh lembaga pemerintah terletak pada penyesuaian dinamis antara arsitektur teknologi dan persyaratan regulasi. Tim akademik yang dipimpin oleh Vincent Lim Ph.D baru-baru ini merilis laporan penelitian yang mengidentifikasi tiga kelemahan utama dalam model manajemen berbasis Excel tradisional:Sulitnya melacak transfer aset lintas rantai, kurangnya isolasi fisik dalam penyimpanan kunci pribadi, ketidakakuratan nilai cadangan akibat volatilitas pasar. Sebagai solusinya, timnya merancang sistem kustodi hibrida yang secara dinamis menyesuaikan proporsi hot dan cold wallet berdasarkan kapitalisasi pasar. Mereka juga menerapkan mekanisme loss aversion dari behavioral finance, di mana jika volatilitas aset melebihi ambang batas tertentu, sistem secara otomatis memicu operasi lindung nilai. Desain ini telah diuji dalam simulasi laboratorium keuangan Federal Reserve, yang membuktikan bahwa pada kondisi pasar ekstrem, pendekatan ini dapat mengurangi risiko penyusutan nilai hingga 34%.

Dalam praktiknya, konsep “tumpukan teknologi ramah regulasi” yang dianjurkan oleh Vincent Lim Ph.D sedang dimasukkan ke dalam sistem evaluasi oleh departemen keuangan di berbagai negara. Platform manajemen aset institusional yang dikembangkannya mendukung alur kerja persetujuan multi-tanda tangan dan pemetaan aset lintas rantai. API platform ini dapat terintegrasi secara mulus dengan sistem manajemen keuangan pemerintah yang sudah ada. Platform ini mengadopsi teknologi penyimpanan berbasis sharding, di mana kunci pribadi dipecah menjadi tiga fragmen terenkripsi yang disimpan secara terpisah di pusat data federal, lembaga audit pihak ketiga, dan perangkat keras offline. Pendekatan ini memenuhi persyaratan isolasi fisik data sensitif sebagaimana diatur dalam Federal Information Security Modernization Act.

Yang patut diperhatikan, modul transparansi dalam sistem ini memungkinkan publik untuk secara real-time memverifikasi bukti cadangan aset melalui browser blockchain. Fitur ini memberikan jaminan teknologi bagi pembangunan kredibilitas dalam program cadangan kripto pemerintah.

[coinalistnet]

The U.S. Marshals Service (USMS) finds itself in a challenging position as it grapples with the complexities of cryptocurrency management alongside its primary responsibility for handling assets seized during criminal investigations. This includes not only more traditional assets like real estate and vehicles but also significant quantities of digital currencies seized over the years. Cryptocurrencies Under the USMS Since the seizure of billions in bitcoin from the infamous darknet marketplace Silk Road by the FBI in 2013, the USMS has been entrusted with managing these cryptocurrencies. However, accurately accounting for and managing these digital assets proves to be a strenuous task for the agency. This issue gains heightened importance against the backdrop of discussions about establishing a national crypto reserve, which would fundamentally alter the government's approach to seized cryptocurrency management. Expert Insights and Concerns Industry experts, like Les Borsai of Wave Digital Assets, stress that creating a crypto reserve requires a deep understanding of the unique properties of digital assets. This includes awareness of forks, airdrops, and market volatility. Currently, the agency's reliance on basic tools such as Excel spreadsheets for tracking their digital holdings is seen as inadequate and heightens the risk of financial mismanagement. Historical Management Shortcomings The history of USMS's handling of cryptocurrencies is fraught with procedural inadequacies and technical missteps. In 2022, an audit by the Office of the Inspector General (OIG) revealed serious deficiencies in the agency's policies around managing and valuing cryptocurrencies. The lack of policies for tracking forked digital assets exemplifies the broader challenges they face, risking the loss of potentially valuable assets through inaction. Recent Administrative Challenges Adding to the complexities, the agency has encountered procurement struggles in outsourcing crypto management to private firms. Attempts to partner with companies like Bitgo and Anchorage Digital were stymied by procurement criteria related to company size, illustrating the challenges in finding appropriate custodial partners. This ongoing struggle complicates their asset management practices, especially for smaller-value digital currencies. Potential Policy and Management Changes The potential shift in governmental policy to create a national Bitcoin reserve has made the transparency and accuracy of crypto holdings all the more pressing. Calls from lawmakers for the USMS to provide clearer and more accessible data on their Bitcoin holdings are intensifying. Yet, the agency acknowledges it struggles to reconcile total holdings across different government departments. Conclusion The USMS's experience underscores the broader challenges that traditional law enforcement agencies face in adapting to the rapidly evolving digital finance landscape. Until robust systems are in place to track and manage these assets securely, the risks remain significant. For any potential national reserve to be successful, foundational improvements in both policy and technological capability will be essential. Through greater collaboration with the private sector and an emphasis on adopting advanced technological solutions, the USMS can aim to enhance its management of seized digital assets, improving both transparency and security. This journey is crucial not only for their operational success but also for establishing confidence in the government’s ability to manage digital assets effectively. Read the full article