Crypto investment firm Galaxy Digital has been cleared of any obligation to pay damages in relation to its failed merger with asset custodian BitGo. The court dismissed the claim against Galaxy, which said it was "pleased" with the outcome. Galaxy called off its $1.2bn proposal to acquire BitGo last year after the target failed to provide audited financial statements by a certain date. BitGo had claimed the merger agreement was not due to expire until the end of the year and said it would sue Galaxy.

Galaxy Digital has announced that a Delaware court has ruled in its favor in terminating the acquisition of BitGo, a crypto custodian. The court found that Galaxy had a valid reason for terminating the deal after BitGo failed to provide audited financial statements as required by the merger agreement. Galaxy Digital expressed satisfaction with the court's decision to dismiss BitGo's claims. BitGo had previously stated that it would seek over $100 million in compensation for the termination of the deal.

BitGo is reportedly in talks to acquire crypto custodian Prime Trust, pending regulatory approval. Prime Trust offers developer tools and APIs to crypto companies, including custody, payment rails, compliance, liquidity, and settlement. Last year, the Las Vegas-based firm raised $107 million in Series B funding, but recently lost clients including Binance.US. The SEC lawsuit against Binance.US mentions a "Trust Company B," leading to speculation that it could be Prime Trust.

As regulation continues to heat up in the US, Genesis has teamed up with qualified custodian BitGo Trust on a tri-party solution for institutional clients, the companies announced Wednesday. 

As regulation continues to heat up in the US, Genesis has teamed up with qualified custodian BitGo Trust on a tri-party solution for institutional clients, the companies announced Wednesday. 

Bitgo, a digital asset custody provider, has launched a storage and tracking solution for Bitcoin-based Ordinal inscriptions. Users can use Bitgo's solution to store and track inscriptions, and send "inscribed satoshis to an address of their choice safely." Transactions received into the Bitgo wallet are now checked for inscriptions and frozen to prevent the loss of inscriptions. Bitgo's dashboard has a new "Unspents" view that displays inscriptions and links to the public Ordinals explorer for more information. Bitgo's COO, Chen Fang, said the release of Bitgo's solution will securely store inscriptions and prevent them from being accidentally transferred or sent to mining fees.

Crypto custodian services provider BitGo released security features designed to protect owners of Bitcoin Ordinals Inscriptions, which allow people to inscribe text, images and even videos directly on the Bitcoin blockchain.

Cryptocurrency wallet BitGo has patched a critical vulnerability that could have exposed the private keys of retail and institutional users.

Polygon partnered with BitGo to provide staking capabilities for MATIC holders. While the governance facilitator addressed the recent controversy.

Arch, a financial technology company targeting alternative asset investors, announced started its first product on Wednesday.The firm also announced that it had closed a $2.75 million funding round, which closed in the second half of last year.