Digital asset platform Bakkt has announced the sale of its loyalty rewards division for $11 million to Project Labrador Holdco as part of a strategic pivot toward cryptocurrency core services. The move streamlines Bakkt’s operations to concentrate resources on institutional-grade… Read More »Bakkt Divests Loyalty Business for $11M to Focus Exclusively on Crypto Infrastructure Expansion
Custody giant BitGo has submitted a confidential S-1 registration statement to the U.S. Securities and Exchange Commission for an initial public offering, marking a pivotal advancement in the institutional cryptocurrency custody sector. The move signals the company’s ambition to reinforce… Read More »BitGo Files Confidential S-1 for IPO Amid $100B+ Asset Milestone and European Expansion
The U.S. Securities and Exchange Commission (SEC) has repealed major regulatory provisions impacting the digital asset industry, specifically rescinding an expanded custody rule for crypto assets and Rule 3b-16, which classified certain DeFi platforms as securities exchanges. This rollback is… Read More »SEC Revokes Digital Asset Custody Rules, Eases DeFi Regulations