Galaxy Digital ($BRPHF) has backed out of its purchase of the institutional digital custody service, BitGo. In response, BitGo has threatened to sue Galaxy Digital for $100 million in damages. Galaxy Digital blames BitGo for not delivering audited financial statements on the appointed date. BitGo claims the accusation is “absurd.”
The fintech company Revolut is getting more serious about its involvement in the crypto space. The company is the first to receive a thumbs-up from the Cyprus Securities and Exchange Commission. This comes after Revolut just added twenty-two new tokens to its platform.
Nasdaq-listed digital asset firm Eqonex ($EQOS) announced they are getting out of the crypto exchange business.
Important announcement from EQONEX. Today we announced that we will streamline our operations to focus on asset management and custody.
Read our press release: https://t.co/M9zmDyOjIB (1/6)
— EQONEX Group (@EQONEXGroup) August 15, 2022
Zipmex gets a 3-month protection extension from Singapore courts. The exchange recently allowed some withdrawals of certain altcoins last week after halting any withdrawals during the Three Arrows Capital crypto collapse.