BitGo Europe expands regulated crypto services with BaFin license extension

BitGo has received approval from German regulators to begin regulated crypto trading in Europe, marking a significant step for the company and the broader cryptocurrency market. This approval not only enhances BitGo's credibility but also signals a growing acceptance of digital assets in traditional financial systems. As more companies seek to enter the regulated space, this move could pave the way for increased investment and innovation in the crypto sector.

Congressman French Hill emphasizes the urgency for comprehensive crypto market structure legislation in the U.S. He argues that the country, which boasts the deepest liquidity and major exchanges, risks losing its competitive edge to regions like Latin America and Europe if action isn't taken soon. This legislation is crucial not only for maintaining leadership in the crypto space but also for ensuring investor protection and market stability.

Openbank has launched trading for Bitcoin, Ether, and Cardano for retail clients, marking a significant step in digital asset adoption in Europe.

Editor’s Note: This launch is important as it may push traditional banks to offer similar cryptocurrency services, potentially transforming the financial landscape in Europe.

REX Shares has generated excitement in the crypto world by announcing the anticipated approval of its Dogecoin and XRP exchange-traded funds (ETFs) by the US SEC. Set to launch on September 18, these ETFs, named REX-Osprey XRP ETF and REX-Osprey DOGE ETF, are expected to attract significant investor interest, potentially boosting the market for these cryptocurrencies. This development is crucial as it could pave the way for more institutional investment in the crypto space, signaling a growing acceptance of digital assets in mainstream finance.

Nakamoto, led by David Bailey, is moving forward with plans to acquire BTC Inc in an all-stock deal after successfully completing the company's audit. This acquisition is significant as it highlights Nakamoto's growth strategy and confidence in BTC Inc's potential, which could lead to exciting developments in the cryptocurrency sector.

P2P.org has officially become a validator on the $4 trillion Canton Network, marking a significant milestone in the evolution of institutional blockchain infrastructure. This development highlights the growing acceptance and integration of blockchain technology in mainstream finance, which could lead to more secure and efficient transactions in the future.

Bitcoin's volatility is expected to increase following today's Federal Open Market Committee (FOMC) meeting, but analysts suggest that this won't lead to a significant directional shift in the market. Instead, it indicates that Bitcoin may continue to trade within its current range for the next few days. This is important for investors as it suggests a period of stability amidst the usual fluctuations in the cryptocurrency market.

Tokyo's Metaplanet has launched a new subsidiary in Miami aimed at enhancing Bitcoin income opportunities. This move is significant as it reflects the growing interest in cryptocurrency and the expansion of blockchain technology into new markets. By establishing a presence in Miami, Metaplanet is positioning itself to tap into the vibrant tech scene and attract investors, which could lead to increased innovation and economic growth in the region.

Uphold, a digital financial service platform, has revealed that it holds a staggering 1.59 billion XRP, which is entirely owned by its customers. This announcement from CEO Simon McLoughlin has surprised the crypto community, as it clarifies misconceptions about the ownership of these tokens. This transparency is significant as it reinforces trust in Uphold and highlights the importance of customer ownership in the cryptocurrency space.