regulatory landscape – DIGIT INFO

OKX’s exit From Nigeria sparks criticism from crypto analysts

DIGIT — Thu, 18 Jul 2024 13:13:54 +0000

OKX stopped Naira withdrawals in May 2024 due to regulatory issues after Binance was accused of manipulating Nigeria’s currency and laundering money.

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Ripple vs. SEC: Ripple’s landmark victory one year later

DIGIT — Sat, 13 Jul 2024 09:28:14 +0000

While challenges remain, Ripple’s victory has set a precedent that could shape the future of the cryptocurrency industry for years to come.

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39% of Family Offices Investing or Exploring Cryptocurrencies: BNY Mellon

DIGIT — Thu, 06 Jun 2024 01:32:50 +0000

The 2024 BNY Mellon Wealth Management Study reveals a divided perspective among family offices regarding cryptocurrency investments. Approximately 39% of the surveyed family offices are either actively investing in cryptocurrencies or considering them, highlighting a keen interest in this modern asset class. These offices are motivated by the desire to stay abreast of new investment […]

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Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil

DIGIT — Sat, 11 Mar 2023 05:30:32 +0000

According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson cited deteriorating “macroeconomic conditions” and the “crypto winter” as some of the reasons for halting the institutional business. The Impact of Crypto Winter on the Cryptocurrency Industry […]

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Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner

DIGIT — Sat, 04 Mar 2023 20:45:03 +0000

On March 4, 2023, cryptocurrency exchange Bybit announced that it had suspended U.S. dollar deposits via bank transfer. Bybit cited “outages” from its partner as the reason for the suspension of USD deposits via bank transfers and the SWIFT network. Bybit Suspends USD Deposits, Wire Transfer Withdrawals Open Until March 10 The cryptocurrency exchange Bybit, […]

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Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product

DIGIT — Fri, 20 Jan 2023 05:30:52 +0000

The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements are on a “no admit, no deny” basis and that the […]

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Standard Chartered Report Structurally Values Ethereum at ‘$26K to $35K’

DIGIT — Tue, 07 Sep 2021 19:30:33 +0000

A report published by the British bank Standard Chartered indicates the company’s analysts are bullish about the crypto asset ethereum. The bank’s analysts think that bitcoin could reach $175K and said “structurally, we ‘value’ ethereum at $26,000-$35,000.” British Bank Publishes ‘Ethereum Investor Guide,’ Formulates the Economic Case for Ethereum’ The British multinational banking and financial […]

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