-
Bitcoin eases back below $30,000 after custodian deal sours
Some modest selling has crept into bitcoin, bringing the price back below $30,000 after BitGo revealed that it terminated a merger deal with rival custody firm Prime Trust. After considerable effort and work to find a path forward with Prime Trust, BitGo has made the hard decision to terminate its acquisition of Prime Trust. This decision was not made lightly and BitGo remains committed to our mission to deliver trust in digital assets. The deal was announced two weeks ago with a letter of intent. CoinDesk reports that Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns ... (full story)