Crypto Exchange News – August 15, 2022
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.