Direct costs absorbed 99.83% of segment revenue while adjusted EBITDA stayed negative and management targeted $15 million in savings.
CryptoSlate•Liam 'Akiba' Wright13 Aug
BitGo Assist enhances client autonomy by streamlining access to account information, potentially reducing reliance on support teams.
CryptoBriefing•Editorial Team13 Aug
BitGo's strategic Bitcoin accumulation underscores its commitment to crypto as a core asset, potentially influencing corporate treasury norms.
CryptoBriefing•Editorial Team13 Aug
An $18.8 million unrealized digital asset loss and weaker trading margins pushed BitGo into the red in the second quarter.
Cointelegraph•Cointelegraph by Helen Partz13 Aug
BitGo Q2 revenue rose 79.6% to $4.33B, but the firm posted a $19M loss as digital asset marks and thinner trading margins weighed.
The firm recorded a net loss of $19 million in Q2, compared with net income of $38.3 million in the same period last year.
The Block•Danny Park13 Aug
Revenue jumped 80%, but trading and staking margins weakened as BitGo targeted $15 million in annualized savings following June layoffs.
The Defiant•The Defiant Team12 Aug
Crypto companies from including Coinbase, BitGo, Robinhood, Polygon and Pump.fun have announced workforce reductions this year, citing a variety of reasons, including shifting to AI and market forces.
Cointelegraph•Cointelegraph by Turner Wright12 Aug
BitGo launched a free tool that scores Bitcoin addresses for quantum risk based on whether their public keys have been exposed.
Stablecoin adoption in Bolivia signifies a shift towards faster, more efficient transactions, potentially transforming regional commerce dynamics.
CryptoBriefing•Editorial Team11 Aug
The Q1 loss confirms crypto-price exposure, while BitGo’s prospectus contains explicit warnings the lawsuit now challenges.
CryptoSlate•Oluwapelumi Adejumo7 Aug
Crypto infrastructure firm Bitgo is replacing Layerzero with Chainlink as the exclusive cross-chain infrastructure provider for wrapped bitcoin (WBTC), marking a major change in how the $7.7 billion token will move across blockchain networks. The crypto company said on Tuesday all future Bitgo-issued digital assets will also use Chainlink’s Cross-Chain Interoperability Protocol, or CCIP, by […]
Bitcoin.com News•Jamie Redman4 Aug
This integration enhances institutional confidence in onchain derivatives, balancing innovation with regulatory compliance and risk mitigation.
CryptoBriefing•Editorial Team4 Aug
BitGo will move Wrapped Bitcoin and every future BitGo-issued asset onto Chainlink CCIP, dropping the provider it chose in September 2024. The announcement never uses the word LayerZero.
The Defiant•The Defiant Team4 Aug
The partnership signifies a growing trend of traditional financial institutions embracing blockchain, potentially reshaping asset management.
CryptoBriefing•Editorial Team4 Aug
The move pushes the total value migrating from LayerZero to Chainlink near $15 billion, with WBTC representing the largest shift yet.
The Block•Daniel Kuhn4 Aug
BitGo has replaced LayerZero with Chainlink CCIP for $7.3 billion WBTC cross-chain transfers. According to CoinDesk, crypto infrastructure company BitGo has selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive cross-chain provider for Wrapped Bitcoin (WBTC), replacing LayerZero in a…
BitGo's exclusive use of Chainlink CCIP for WBTC could centralize cross-chain control, impacting DeFi liquidity and security dynamics.
CryptoBriefing•Editorial Team4 Aug
CoinDesk•Francisco Rodrigues4 Aug
BitGo launched Link to give institutions one dashboard for exchange balances, transfers, permissions and settlement across connected venues.