denial – DIGIT INFO

Crypto Bank Custodia Denied Membership in US Federal Reserve System

DIGIT — Sun, 29 Jan 2023 11:30:45 +0000

The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the digital asset bank is inconsistent with legal requirements. Federal Reserve Board Says Business Model Proposed by Custodia Bank Presents Risks Crypto bank Custodia has […]

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Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets

DIGIT — Sat, 14 Jan 2023 17:30:54 +0000

Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 billion, “depending on their evaluation of the situation.” Additionally, the crypto investment manager Osprey has […]

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Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices

DIGIT — Fri, 13 Jan 2023 17:30:06 +0000

After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that the company held 133,263 bitcoin on that day. As of Jan. 13, 2023, Nexo’s attestation indicates that the company now […]

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Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine

DIGIT — Fri, 06 Jan 2023 19:30:13 +0000

The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed that the staff cuts are true and Huobi plans […]

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New York Orders Bittrex to Cease Operations but Approves Bitstamp

DIGIT — Thu, 11 Apr 2019 02:30:14 +0000

New York State’s financial regulator has ordered Bittrex to cease operating in the state after rejecting its application for a Bitlicense. Multiple deficiencies were cited, some of which Bittrex immediately disputed. Meanwhile, Bitstamp has been green-lighted to offer the trading of five cryptocurrencies in the state. Also read: Indian Supreme Court Postpones Crypto Case at […]

The post New York Orders Bittrex to Cease Operations but Approves Bitstamp appeared first on Bitcoin News.

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