Sudan – DIGIT INFO

US Treasury Charges Bittrex With Sanctions Violations, Crypto Exchange Agrees to Settle With Regulator

DIGIT — Wed, 12 Oct 2022 02:30:18 +0000

On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrency exchange Bittrex. The crypto exchange was accused of sanctions violations and failure to “implement effective sanctions compliance controls” between March 2014 and December 2017. Crypto Exchange […]

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Report: Sudan Rejects Russian Illicit Gold Smuggling Allegations

DIGIT — Mon, 14 Mar 2022 09:30:47 +0000

Sudan has denied claims Russian entities have smuggled hundreds of tonnes of illicit gold from its territory. Officials have called the allegations fake news and suggested that Sudan is in fact looking to revive its economy through gold mining. The Rise in Russia’s Gold Holdings The Sudanese Ambassador to Russia Onor Ahmed Onor recently dismissed […]

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1.2 Billion People Live Under Double-Digit Inflation, ‘Many Have Found Escape in Bitcoin’ Says HRF’s Alex Gladstein

DIGIT — Tue, 09 Mar 2021 21:30:58 +0000

While central banks are focusing on creating more stimulus and economists expect inflation in the U.S. to rise, a number of other countries are suffering from considerable inflation right now. On Monday, the chief strategy officer for the Human Rights Foundation, Alex Gladstein, explained that 1.2 billion global citizens are living under inflation rates as […]

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8 Countries Stricken With Rampant Inflation See Bitcoin Prices Touch All-Time Highs

DIGIT — Fri, 23 Oct 2020 02:30:47 +0000

The price of bitcoin touched new highs in 2020 and a number of supporters are optimistic that the crypto asset’s value will drive higher. In addition to this year’s bitcoin price high, around eight different countries have seen bitcoin touch all-time highs (ATH) in their local currency. The bitcoin ATHs in these countries show how […]

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Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars

DIGIT — Wed, 22 Apr 2020 17:25:53 +0000

During the last few days, people witnessed history when the price of crude oil dropped below zero to -$40 per barrel, and as time passes many analysts think the worst is yet to come. After West Texas Intermediate (WTI) oil-based contracts dried up for May, contracts for June collapsed by 45%. Experts say that the […]

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Binance DEX Will Geoblock Users From 29 Countries, Including the US

DIGIT — Sun, 02 Jun 2019 17:34:44 +0000

Access to the decentralized exchange developed by major cryptocurrency exchange Binance will be blocked from 29 countries

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Countries Suffering From Rapid Inflation Show Significant Demand for Cryptos

DIGIT — Tue, 28 May 2019 18:05:24 +0000

Cryptocurrencies have been trending upwards in price over the last few weeks, but in certain countries around the world digital assets have become far more valuable. For instance, in Argentina, the nation’s sovereign currency has lost considerable value and cryptocurrencies like BTC are seeing all-time price highs. The surge in value is not just taking […]

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Governmental Overreach in Developing Nations Will Hasten Hyperbitcoinization

DIGIT — Wed, 23 Jan 2019 12:25:10 +0000

For bitcoin idealists, the coming utopia for global finance stars bitcoin dismantling the fiat hegemony, empowering citizens to own their money without central bank mediation, and facilitating borderless trade. Credited to Satoshi Nakamoto Institute co-founder Daniel Krawisz, hyperbitcoinization is a term which describes bitcoin coming to dominate the global currency basket through mass adoption. Also […]

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Exchanges Roundup: UK MP Quits Ironx After Four Days, Daily OTC Volume Estimated at $250M

DIGIT — Fri, 26 Oct 2018 23:15:13 +0000

In recent news regarding cryptocurrency exchanges, a member of the British Parliament has quit his role with a cryptocurrency exchange just four days after joining the company, analysts have estimated the daily volume of the over-the-counter (OTC) cryptocurrency markets to be $250 million, and Poloniex’s new terms of use have banned residents of Germany, China, Pakistan, […]

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Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again

DIGIT — Sat, 06 Oct 2018 03:15:54 +0000

Irresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of the Sahara, with public debt now making up about half of GDP. Bilateral loans, especially from China, add […]

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