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BitGo launches regulated custody platform for native protocol tokens

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BitGo, a prominent player in digital asset custody, has announced the launch of a new regulated custody platform designed to securely manage native protocol tokens.

The innovative platform aims to address a growing need within the cryptocurrency industry for secure and compliant storage solutions tailored to native tokens on various blockchain networks. This development comes as part of BitGo’s ongoing efforts to expand its custody services and meet the evolving demands of institutional and individual investors.

The new platform offers a robust infrastructure for the safe storage and management of tokens directly associated with their respective blockchain protocols. By providing a regulated environment, BitGo ensures that users benefit from enhanced security measures while remaining compliant with relevant regulatory standards.

BitGo’s latest offering integrates advanced security features, including multi-signature technology and comprehensive audit trails, to safeguard against unauthorized access and potential breaches. The platform also provides users with a streamlined experience for managing their assets, thanks to its user-friendly interface and advanced protocol support.

The introduction of this custody platform reflects a broader trend towards more sophisticated and regulated custody solutions in the cryptocurrency space. As digital assets gain traction among institutional investors and regulatory bodies, the need for secure and compliant storage options becomes increasingly critical.

BitGo’s new platform is poised to play a significant role in meeting these needs, offering a trusted solution for the custody of native tokens. The company’s commitment to maintaining high standards of security and regulatory compliance is expected to bolster its position as a leading provider in the digital asset custody sector.

With this launch, BitGo continues to strengthen its service portfolio, addressing the complexities of managing digital assets in a rapidly evolving market.

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Nigerian court postpones Binance tax evasion case to end of April

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A Nigerian court has adjourned the high-profile tax evasion case against cryptocurrency exchange Binance and two of its executives to April 30, extending a legal saga that has drawn significant international attention.

The Federal Inland Revenue Service (FIRS) filed the charges, accusing Binance of failing to register with local tax authorities and of neglecting its obligations under Nigeria’s tax laws. The case also targets two Binance executives, including one still in custody, as part of the government’s broader crackdown on crypto-related financial activity.

The proceedings were delayed after defense lawyers requested more time to review the charges. The court granted the adjournment, with expectations that the next hearing could see more substantive arguments presented.

Binance has not publicly commented on the latest development, but the company has previously stated its intention to cooperate with Nigerian authorities. The case unfolds amid heightened regulatory scrutiny of crypto operations in the country, following concerns over illicit capital flows and economic disruption.

As the legal process continues, industry observers are closely watching the outcome, which could shape the future of crypto regulation and enforcement across Nigeria and potentially influence wider African markets.

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Spanish police arrest six over $20M AI-powered investment scam

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Spanish authorities have shut down a sophisticated investment scam that used artificial intelligence to defraud victims of more than $20 million. The operation, which spanned multiple countries, lured investors with promises of high returns through a fake AI-driven trading platform.

The National Police arrested four individuals and identified 14 others linked to the scheme, which used aggressive marketing tactics and fake online platforms to simulate trading activity. Victims were shown fabricated profits generated by what was advertised as an advanced AI algorithm capable of outperforming the market.

Once trust was established, the scammers convinced users to invest larger sums, only to block access to their funds when withdrawal requests were made. Authorities revealed that the network operated through a network of shell companies and call centers, targeting victims across Spain and other European countries.

The investigation uncovered nearly 300 victims, though officials believe the real number could be significantly higher. Spanish police worked in coordination with international agencies to trace the scam’s financial flows and dismantle its digital infrastructure.

This takedown highlights growing concerns over AI being exploited in financial frauds and the increasing need for cross-border collaboration to combat tech-enabled scams.

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Former Kraken execs acquire real state firm Janover, disclose SOL treasury plans

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Janover Inc. saw its stock price surge by more than 1,000% after announcing a bold shift into the crypto space, including the acquisition of a digital asset company and plans to add Solana (SOL) to its corporate treasury.

The fintech firm, known for its real estate capital markets platform, revealed it had acquired a crypto-native business to spearhead its entry into decentralized finance and blockchain infrastructure. The deal marks a significant pivot for Janover as it positions itself at the intersection of traditional finance and Web3 technologies.

In addition to the acquisition, the company disclosed plans to hold Solana as a treasury asset, citing the blockchain’s high-speed, low-cost architecture as an attractive alternative to more established assets like Bitcoin or Ethereum. The move follows a growing trend of public companies diversifying reserves with digital currencies.

CEO Blake Janover described the decision as part of a broader vision to integrate decentralized technologies into financial services and unlock long-term shareholder value.

The dramatic stock rally highlights investor excitement around the company’s strategic shift and signals strong market support for Janover’s embrace of the crypto ecosystem.

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