News Bytes

Hong Kong to Introduce Crypto Derivatives Trading for Professional Investors

Hong Kong to Introduce Crypto Derivatives Trading for Professional Investors

Hong Kong’s Securities and Futures Commission (SFC) is set to introduce virtual asset derivatives trading for professional investors, aiming to enhance product offerings while ensuring robust risk management. This initiative is part of the city’s strategy to strengthen its position in the global digital asset market, according to Christopher Hui Ching-yu, secretary for financial services […]

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Ctrl Alt Secures VARA License to Operate as Virtual Assets Service Provider in Dubai

Ctrl Alt Secures VARA License to Operate as Virtual Assets Service Provider in Dubai

Ctrl Alt, a tokenization infrastructure platform, has officially received its license from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Assets Service Provider (VASP), becoming the first VASP authorized to conduct issuer-related services. This license enables Ctrl Alt to offer Broker-Dealer and Issuer services, allowing the company to create, manage, and distribute

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The Blockchain Group Acquires 624 BTC, Total Holdings Reach 1,471 BTC

The Blockchain Group Acquires 624 BTC, Total Holdings Reach 1,471 BTC

The Blockchain Group (Euronext Paris: ALTBG) has confirmed the acquisition of 624 bitcoin ( BTC) for approximately €60.2 million, bringing its total holdings to 1,471 BTC valued at around €131.9 million. This acquisition follows the completion of a reserved capital increase and private placement announced on May 20, 2025, which raised about €8.6 million to

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UK Financial Giant IG Group Launches Crypto Trading for Retail Investors

UK Financial Giant IG Group Launches Crypto Trading for Retail Investors

UK financial giant IG Group, a leading FTSE 250 trading platform, is launching cryptocurrency trading for retail investors—becoming the first UK-listed company to offer such services. Customers can buy, sell, and hold major digital currencies, including bitcoin, ethereum, and select stablecoins, all with a flat 1.49% transaction fee. In partnership with Uphold, IG’s platform allows

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Strategy’s Bitcoin Stack Hits 580,955 BTC After New Acquisition

Strategy’s Bitcoin Stack Hits 580,955 BTC After New Acquisition

Strategy (formerly Microstrategy) continues expanding its bitcoin holdings with a fresh multimillion-dollar acquisition and updated performance metrics. On June 2, Strategy Executive Chairman Michael Saylor announced that the firm acquired an additional 705 bitcoin (BTC) for approximately $75.1 million, with an average price of $106,495 per coin. The purchase boosts the company’s total holdings to

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Amboss Launches Rails: Earn Yield on Bitcoin and Enhance Lightning Network Utility

Amboss Launches Rails: Earn Yield on Bitcoin and Enhance Lightning Network Utility

Amboss, a solutions provider for the Bitcoin Lightning Network, has launched Rails, a self-custodial bitcoin service aimed at enhancing asset utility for companies, custodians, and high net worth individuals. Rails allows participants, referred to as Liquidity Providers (LPs), to maintain full custody of their bitcoin while generating returns through payment routing and liquidity leases, thereby

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Multichoice’s Irdeto and Coinbase Unite Against Illicit Cryptocurrency Use

Multichoice’s Irdeto and Coinbase Unite Against Illicit Cryptocurrency Use

Irdeto, the African entertainment platform Multichoice’s digital security subsidiary, has partnered with Coinbase to combat cybercriminals using cryptocurrency for piracy and other illicit activities. Irdeto’s intelligence-led investigations have shown an increasing use of cryptocurrency by illicit service providers, rising from 13% in 2022 to 19% in 2024. Through this collaboration, the Multichoice subsidiary provides Coinbase

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IMF Alarmed as Pakistan Declares Bold Bitcoin Reserve

IMF Alarmed as Pakistan Declares Bold Bitcoin Reserve

Amid ongoing economic negotiations, Pakistan’s unprecedented plan to integrate bitcoin into its national strategy has sparked concern from the International Monetary Fund, which was not consulted on the initiative. The country declared the establishment of a national bitcoin reserve and a digital asset authority during the Bitcoin Vegas 2025 conference, unveiling plans to allocate 2,000

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US-Mexico Transfers Accelerated by XDC-Bitso Blockchain Rail

US-Mexico Transfers Accelerated by XDC-Bitso Blockchain Rail

In a strategic move to overhaul U.S.-Mexico remittance flows, XDC Network has joined forces with Bitso Business to deploy a blockchain-based payment framework designed for rapid, low-cost, and secure cross-border transactions. Tapping into the $63 billion inbound remittance market in Mexico and the $70 billion outbound volume from the U.S., the alliance utilizes XDC’s ISO

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SEC’s Crypto Task Force Gets Crucial Input From EY

SEC’s Crypto Task Force Gets Crucial Input From EY

Ernst & Young LLP (EY US) submitted a letter to the U.S. Securities and Exchange Commission (SEC) last week in response to the SEC’s request for input on crypto-related matters. The firm emphasized the importance of regulatory clarity regarding how federal securities laws apply to crypto markets. EY US outlined its experience in assurance, tax,

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