a16z-Backed Crypto Custody Startup to Shut Down, Return Investor Funds
Crypto custody startup Entropy, backed by a16z, shuts down after four years, returning capital to investors. Analysis of the event and its implications for the industry.
Crypto custody startup Entropy, backed by a16z, shuts down after four years, returning capital to investors. Analysis of the event and its implications for the industry.
BitGo’s stock falls below IPO price on the second day of trading, raising concerns about market sentiment and regulatory pressures in the crypto custody sector.
BitGo’s NYSE debut marks a significant milestone for the crypto industry, offering retail investors a new way to gain exposure to the growing crypto market through a publicly traded stock.
BitGo debuts on the NYSE at $18 per share, achieving a $2 billion valuation as shares price above expectations. Read the full analysis of this major crypto IPO.
BitGo seeks $1.96 billion valuation in new US IPO plan, highlighting the growing demand for institutional-grade custody solutions in the crypto industry.
Crypto custody company BitGo seeks to raise up to $201 million in a US IPO, targeting a $1.96 billion valuation with over $90 billion in assets under custody.
Standard Chartered and Coinbase are partnering to develop digital asset services for institutional clients, offering trading, custody, staking, and lending solutions for Bitcoin and other cryptocurrencies.
BitGo CEO Mike Belshe claims the company offers all the custody options described by the SEC, positioning it as a comprehensive custody solution for institutional investors and financial institutions.
The SEC has issued a warning to investors about the risks associated with crypto custody, as federal regulators take steps towards integrating crypto into traditional finance.
The SEC has released guidance on crypto custody, emphasizing the importance of investor education and awareness of the risks associated with self-custody.