Connect with us

Business

Crypto custodian BitGo enables institutional Bitcoin yield with Core

Published

on

Crypto custody giant BitGo has unveiled a new Bitcoin yield product that incorporates a dual staking core feature, offering clients an innovative way to earn passive income on their holdings. Announced on Nov. 21, the product aims to enhance the utility of Bitcoin while maintaining BitGo’s hallmark emphasis on security and compliance. The offering targets institutional and high-net-worth investors looking to maximize returns on their digital assets.

The dual staking core system allows users to participate in yield-generating activities on two separate blockchain networks, diversifying income streams while spreading risk. This unique approach integrates seamlessly with BitGo’s custodial services, ensuring that assets remain secure and compliant with regulatory standards throughout the staking process. The company highlighted that the product is built to meet the rigorous demands of institutional clients.

BitGo’s Bitcoin yield product comes at a time of growing interest in staking and decentralized finance (DeFi) solutions among institutional players. By enabling Bitcoin to participate in yield generation, BitGo is addressing a gap in the market for secure, compliant, and scalable products that cater to the needs of larger investors. The company also emphasized its focus on transparency, ensuring that clients have full visibility into how yields are generated.

Analysts believe this move could set a precedent for integrating Bitcoin into staking ecosystems, traditionally dominated by other blockchain networks like Ethereum. BitGo’s innovation reflects the evolving landscape of digital asset management, where institutions seek both robust security and opportunities for growth. The product is expected to further cement BitGo’s reputation as a leader in the crypto custody space while driving broader adoption of staking in the Bitcoin ecosystem.

Business

US lawmakers advance anti-CBDC bill

Published

on

U.S. lawmakers have voted to advance a bill aimed at blocking the Federal Reserve from issuing a central bank digital currency (CBDC), marking a major step in the political pushback against the development of a digital dollar.

The bill, which passed through the House Financial Services Committee, would prohibit the Fed from directly offering accounts or issuing a CBDC to individuals, citing concerns over surveillance, privacy, and government overreach.

Supporters of the legislation argue that a digital dollar could pose significant risks to civil liberties, enabling real-time tracking of consumer transactions and expanding federal control over personal finances. They view the bill as a safeguard against what they describe as a “surveillance-style” monetary system.

Opponents of the bill, however, argue that restricting CBDC development could hinder U.S. innovation and global competitiveness in the evolving digital financial landscape.

The legislation now moves closer to a potential floor vote in Congress. Its progress underscores growing ideological divisions over the future of money in the United States, with CBDCs emerging as a new front in the broader debate over digital governance, financial freedom, and the role of government in the digital age.

Continue Reading

Business

Gemini to open Miami office after judge stays SEC case

Published

on

Crypto exchange Gemini has opened a new office in Miami, reinforcing its commitment to expanding operations despite pausing its plans for an initial public offering (IPO) amid a continuing legal battle with the U.S. Securities and Exchange Commission (SEC).

The Miami office signals the company’s long-term vision for growth in key U.S. markets, even as regulatory uncertainty clouds the broader crypto landscape. The expansion comes at a time when Gemini is facing heightened scrutiny from the SEC over its Earn program, which the regulator alleges involved unregistered securities.

While the IPO remains on hold, Gemini continues to strengthen its infrastructure and team, focusing on user growth, compliance, and regional outreach. The Miami hub is expected to play a strategic role in those efforts, leveraging the city’s growing status as a U.S. crypto hotspot.

Co-founders Cameron and Tyler Winklevoss remain vocal about the need for clear regulatory frameworks and have emphasized that Gemini will continue to fight for fair treatment while building responsibly in the U.S. and abroad.

Continue Reading

Business

Coinbase Institutional files for XRP futures trading with CFTC

Published

on

Coinbase Institutional has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to offer XRP futures trading, marking a significant move toward expanding institutional access to Ripple’s native token.

The filing, submitted through Coinbase Derivatives, signals the exchange’s intent to list XRP futures contracts in a regulated environment. If approved, it would allow institutional investors to gain exposure to XRP through derivative products, a key step in broadening the token’s presence in traditional financial markets.

This development comes amid a gradually improving regulatory climate for XRP, following a partial legal victory for Ripple in its ongoing case with the U.S. Securities and Exchange Commission (SEC). The outcome gave XRP a degree of legal clarity, opening the door for exchanges and financial institutions to re-engage with the asset.

Coinbase’s push to expand its derivatives offerings also aligns with its strategy to build a more robust institutional platform. Approval from the CFTC would position the exchange to capitalize on growing demand for regulated crypto investment vehicles.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk