PANews reported on November 26 that Reliance Global Group, Inc. (NASDAQ: RELI), an insurtech company, announced the completion of a strategic reorganization of its digital asset portfolio, integrating its digital assets into Zcash (ZEC). The company has completely liquidated its previous holdings and reallocated the proceeds to Zcash. The company stated that it found Zcash's privacy architecture and institutional flexibility to be more aligned with its vision than a diversified crypto portfolio.



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