Regulatory Scrutiny – DIGIT INFO

Microsoft and Apple renounce OpenAI board membership

DIGIT — Wed, 10 Jul 2024 07:33:58 +0000

After investing $13 billion in OpenAI last year, Microsoft is distancing itself from the AI startup amid growing scrutiny from regulators.

Go to Source

Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued

DIGIT — Sat, 15 Jun 2024 13:20:04 +0000

The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection, especially in its dealings with fintech companies and prominent crypto players like FTX. Compliance Concerns Trigger Regulatory Action Against Evolve Bank Evolve Bank […]

Go to Source

Peter Thiel’s Founders Fund invests $70M in election betting platform

DIGIT — Tue, 14 May 2024 14:21:10 +0000

Amid increasing U.S. regulatory scrutiny, popular crypto-based betting platform Polymarket secures funding to expand its global operations despite restrictions.

Go to Source

Ethereum Price to Peak at $2,758 This Year, Then Fall to $2,342 by 2023’s End, Finder Experts Say

DIGIT — Thu, 27 Apr 2023 16:00:18 +0000

A recent survey made public by the online comparison platform Finder.com has revealed the predictions of 32 professionals in the fields of fintech and cryptocurrency. The specialists have expressed their conviction that ethereum, the second largest digital asset by market capitalization, will culminate at $2,342 per unit by the end of 2023. Optimistic Outlook for […]

Go to Source

Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist

DIGIT — Wed, 08 Mar 2023 22:38:42 +0000

At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details of Silvergate’s Wind Down and Liquidation Plan Over the last six months, Silvergate Capital Corporation’s […]

Go to Source

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

DIGIT — Sat, 11 Feb 2023 19:30:54 +0000

During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put the concept on hold […]

Go to Source

Coindcx Launches Indian Crypto-to-Crypto Exchange Amid Regulations

DIGIT — Sun, 08 Apr 2018 05:55:36 +0000

This week the Reserve Bank of India (RBI), the country’s central bank, has banned banks from dealing with cryptocurrency businesses. Indian financial institutions have three months to cease doing business with digital asset operations but some of them may stop facilitating INR settlements. News.Bitcoin.com spoke with Sumit Gupta the founder and CEO of a new […]

The post Coindcx Launches Indian Crypto-to-Crypto Exchange Amid Regulations appeared first on Bitcoin News.

Go to Source