The first $15 million will be drawn shortly after closing the deal, while another $15 million is conditional on closing a merger with peer USBTC.
Coindesk
BitGo Still Has Acquisitions Pending After Canceling Prime Trust Purchase
CEO Mike Belshe said he sees consolidation in the crypto custody sector in the next six months.
First Mover Americas: Bitcoin Retreats Slightly From 12-Month High
The latest price moves in bitcoin (BTC) and crypto markets in context for June 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Futures Attract Biggest Bets Since Terra’s Collapse
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Bybit Gains Crypto License in Cyprus
The Dubai-based crypto exchange will gain now a foothold in the European Union after its exit from Canada and the U.K.
Japanese Crypto Issuers Won’t Pay Taxes on Unrealized Gains, Govt. Clarifies
Token issuers in the country were subject to a 30% corporate tax for unrealized gains on their own tokens.
U.S. Has Room for a Compliant Crypto ETF to Grow Market Share as a Bitcoin On-Ramp: Bernstein
Grayscale earns around $380 million in annualized fees despite its GBTC product being inefficient, illiquid and trading at a discount, the report said.