Circle has launched the public testnet for Arc, its new Layer-1 blockchain described as an “economic operating system” for the internet. With participation from more than 100 major institutions and tech firms, Arc aims to bridge traditional finance and the onchain economy through enterprise-grade infrastructure and global interoperability. Arc Testnet Opens With Global Industry Backing […]
Source: https://news.bitcoin.com/arc-a-payments-focused-blockchain-by-circle-launches-testnet/
BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more