crypto space – DIGIT INFO

AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets

DIGIT — Tue, 11 Apr 2023 13:34:59 +0000

A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into the largest Asian markets, and the company […]

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Meta Winding Down Support for NFTs on Facebook, Instagram

DIGIT — Wed, 15 Mar 2023 07:30:45 +0000

U.S. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading social media platforms last year. Meta Platforms Cutting Off Support for Non-Fungible Tokens California-based technology conglomerate Meta is winding down support for digital collectibles […]

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Most Retail Crypto Investors Lost Money Over the Last 7 Years, According to BIS Analysis

DIGIT — Tue, 21 Feb 2023 19:30:57 +0000

According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application download statistics gathered by BIS researchers suggest that most median retail crypto […]

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US Government Seizes $700 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-Fried

DIGIT — Sat, 21 Jan 2023 16:45:19 +0000

Federal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 million, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank accounts belonging to Bankman-Fried, holding millions in cash. US Government Seizes Millions in Cash and Robinhood Shares From […]

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National Bank of Georgia to Regulate Country’s Crypto Sector

DIGIT — Thu, 07 Apr 2022 22:30:42 +0000

The National Bank of Georgia is taking steps to regulate the crypto market in the Southern Caucasus country, its governor revealed in a recent interview. While companies in the industry are to expect a licensing regime, financial institutions have already been banned from providing crypto-related services. Central Bank of Georgia to Propose Cryptocurrency Regulations Georgia’s […]

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President Zelenskyy Signs Ukraine’s Law ‘On Virtual Assets’

DIGIT — Thu, 17 Mar 2022 08:00:29 +0000

President Volodymyr Zelenskyy has signed the law “On Virtual Assets” which aims to regulate the crypto market in Ukraine. The approval comes as his country is increasingly relying on cryptocurrency donations to fund its defense and deal with humanitarian problems amid an ongoing Russian invasion. Law Regulating Cryptocurrencies Approved by Ukraine President Zelenskyy Ukrainian President […]

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Russian Government Approves Plan to Regulate Cryptocurrency

DIGIT — Wed, 09 Feb 2022 13:35:26 +0000

The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian Authorities Move to Legalize Crypto Economy The Russian government “has determined the […]

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Russians Own $215 Billion in Crypto Suggests Estimate Attributed to Government

DIGIT — Wed, 02 Feb 2022 20:00:33 +0000

Russians may own more cryptocurrency than previously thought, a new estimate reportedly used by the government has indicated. The quoted figure amounts to over a tenth of the global holdings and may serve as an impetus for the government to regulate Russia’s crypto market rather than outlaw it. Estimated 12% of Crypto Allegedly Held by […]

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Annual Volume of Crypto Transactions Made by Russians Reaches $5 Billion, Bank of Russia Finds

DIGIT — Sun, 28 Nov 2021 09:00:20 +0000

With the growing capitalization of the crypto economy, Russians have been making crypto transactions worth billions of dollars a year, data gathered by the Central Bank of Russia shows. Russian residents are some of the most active participants in the crypto market, the regulator has acknowledged. Russians Among Most Active Crypto Users, Central Bank Admits […]

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Central Bank of Ukraine Supports Crypto Industry, Fears Cryptocurrency

DIGIT — Thu, 23 Sep 2021 10:30:17 +0000

The National Bank of Ukraine recognizes the benefits of endorsing crypto innovations but also fears cryptocurrencies could gain ground on the national fiat. Announcing its monetary policy guidelines for the near future, the regulator noted it’s going to defend the status of the hryvnia as the only legal tender in the country. Bank of Ukraine […]

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