annual report – DIGIT INFO

Marathon Digital bungles crypto impairment sums, will reissue financials

DIGIT — Wed, 01 Mar 2023 01:13:55 +0000

The Bitcoin miner received a letter from the SEC on Feb. 22 which highlighted accounting mistakes it made on multiple financial disclosures.

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UK’s Royal Mint Reveals Record Profits Amid Significant Demand for Physical Gold and Silver

DIGIT — Fri, 14 Oct 2022 16:30:35 +0000

While the price of gold has dropped in value from the asset’s all-time high on March 8, the U.K.’s oldest precious metals (PMs) company, the Royal Mint, saw record profits over the last 12 months. In fact, the Royal Mint’s annual earnings show the firm has seen the highest profits in 12 years, with PMs […]

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The US SEC Revokes Registration of Long Blockchain Corp’s Securities

DIGIT — Thu, 25 Feb 2021 10:00:09 +0000

The U.S. Securities and Exchange Commission (SEC) says it has revoked the registered securities of Long Blockchain Corp (LBCC) after the company failed to file annual reports since Dec. 31, 2017. In addition, the SEC says LBCC, which made the switch from soft drink production to activities related to blockchain technology in December 2017, is […]

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Indian Officials Visit Regulators in Japan, UK, Switzerland to Study Crypto

DIGIT — Mon, 03 Sep 2018 13:05:24 +0000

The Securities and Exchange Board of India has sent officials to Japan, the UK, and Switzerland to study cryptocurrency and initial coin offerings from each of the three countries’ financial regulators. The securities watchdog aims to engage with international regulators and gain a deeper understanding of their crypto mechanisms and systems in order to improve […]

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Reserve Bank of India Anticipates Shift to P2P Crypto Trading

DIGIT — Thu, 30 Aug 2018 07:55:15 +0000

India’s central bank has released its latest annual report which includes a section dedicated to cryptocurrency. The Reserve Bank of India outlines the risks posed by crypto and emphasizes the need to monitor crypto development in anticipation that some trading may shift from exchanges to peer-to-peer (P2P) mode. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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JP Morgan Chase Fears Crypto Is Disruptive Competition

DIGIT — Fri, 02 Mar 2018 09:30:15 +0000

Perhaps cryptocurrency’s largest institutional nemesis is JP Morgan Chase. Led by the ever-belligerent Jamie Dimon, it and he have taken numerous opportunities to sandbag bitcoin and its spawn. Theories about why have long circled, but now there appears to be proof the legacy bank is threatened by decentralized currency in digital form, according to an […]

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Bank of America Acknowledges the Threat Posed by Cryptocurrency

DIGIT — Sun, 25 Feb 2018 06:32:36 +0000

For all the inroads that bitcoin has made on the current financial system, it has yet to threaten their ascendancy. The CEOs of Paypal, Visa, and other legacy payment systems may have been monitoring the rise of cryptocurrencies, but they have not been losing sleep over them. Now, in a frank report to the SEC, […]

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