Digital Financial News

13.02 / 20:13

Digital Platform Southern crypto deposits Customers Judge Rules Celsius Networks Owns Customers' Crypto Deposits

A federal bankruptcy judge ruled that Celsius Network owns most of the cryptocurrency that customers deposit on its online platform, meaning that Celsius customers will be the last to receive repayment from the crypto lender.

13.02 / 20:08

Citi Provident Digital LinkedIn Boeing The Bank of England and the United Kingdom's Treasury are working on a digital asset

The Bank of England (BoE) and the Treasury of the United Kingdom are moving on with plans to establish a digital currency that might «offer a new method to pay» without necessarily replacing cash. These ideas are in the early stages.

13.02 / 20:08

COST Digital Platform Cross-border UAE set to issue CBDC for cross-border payments and domestic usage

The Central Bank of the United Arab Emirates (CBUAE) recently launched its Financial Infrastructure Transformation (FIT) program.

13.02 / 20:05

Citi Digital ETF Mobile With The Latest Move, Brazil and India Embrace Cryptocurrency

With their latest move, emerging economies such as Brazil and India are getting closer to crypto. While Brazil legalized cryptocurrency as a payment method, India is launching the retail version of its digital currency on a test basis.

13.02 / 20:02

UPS Digital SEC Platform Action Gemini More Trouble For Winklevoss Brothers As SEC Sues Over 'Gemini Earn' Program

The Securities and Exchange Commission (SEC) sued crypto firms Genesis Global Capital and Gemini for offering and selling unregistered securities to investors through the Gemini Earn crypto lending program, just a day after crypto exchange Gemini terminated its flagship Earn program over a dispute with crypto lender Genesis.

13.02 / 19:52

COST Digital JPMorgan Chase Exodus Ukraine plots post-war rebuilding effort with JPMorgan Chase as economic advisor

Ukraine's government signed an agreement with JPMorgan Chase to help advise the war-afflicted country on its economy and future rebuilding efforts.

13.02 / 19:48

Provident Target Digital Platform Action coinbase Gemini Silvergate Shares Plunge 45% After $8 Billion Crypto Run Is Revealed

Shares of Silvergate Capital Corp., a crypto-focused California bank, lost almost half their value after the Wall Street Journal reported it spent the equivalent of a decade's profit and fired 40% of its workers after investors scrambled to redeem $8.1 billion in the wake of crypto exchange FTX's collapse. Silvergate, based in La Jolla, slid 45% to $12.27 as of 12:20 p.m. New York time. It was the bank's biggest one-day decline since March 12, 2020.

13.02 / 19:45

UPS Digital Telegram Bitfinex Bitcoin week Cryptocurrencies To Watch: Week of December 19

The last seven days weren’t the best for the crypto market. Most tokens followed bitcoin, which experienced ups and downs as it attempted to break out of its bearish zone. Its value has fallen back under $17,000, and other tokens are in a similar condition.However, a few tokens recorded some strong movements.

13.02 / 19:44

COST UPS Digital Action Fallout Gemini dividend Digital Currency Group Halts Dividend Amid Genesis Crisis

Cryptocurrency conglomerate Digital Currency Group (DCG) said it halted dividend payments, telling shareholders that it's focused on strengthening its balance sheet by cutting costs as it copes with fallout from the FTX meltdown that was itself triggered by reporting by one of its own units.

13.02 / 19:41

Blockchain Target Reuters Digital Discover Bitcoin North Korea Stole Over $1 Billion in Crypto in 2022

According to an unclassified study from the United Nations, cybercriminals operating out of North Korea stole more digital assets in 2022 than in any previous year.

13.02 / 19:31

COST CBDC Digital Strategy Bitcoin CBDC Launch ‘May Cost Russian Banks $684m a Year’

Russian commercial banks will lose $684 million a year if the nation’s Central Bank launches a central bank digital currency (CBDC), experts have claimed.

13.02 / 19:26

UPS Digital CEO Assurant Fallout Gemini Gemini's Winklevoss Claims Fraud, Calls for Removal of DCG Chief

Cameron Winklevoss, the co-founder of crypto exchange Gemini, launched an attack on Genesis, a crypto lender, saying the lender defrauded his company and more than 340,000 clients.

13.02 / 19:25

COST Binance Digital CEO Gemini Coindesk Crypto lender Genesis Crypto Lender Genesis Slashes 30% of Staff, Considers Bankruptcy

Cryptocurrency lender Genesis Global Trading Inc. laid off 30% of its workforce in a second round of layoffs in six months, and is considering bankruptcy as the FTX contagion continues to spread.

13.02 / 19:24

Binance Digital Booking Coindesk Nov Bitcoin FTX Contagion: Genesis Is On The Brink of Collapse As It Struggles To Raise $1 Billion

Cryptocurrency brokerage firm Genesis, which is seeking at least $1 billion in fresh capital, warned on Nov. 21 that it might file for bankruptcy without it.

13.02 / 19:23

Blockchain ETH Digital Disney Reddit Marvell Top NFTs of December 2022

The non-fungible token (NFT) sector has had a tough year thanks to a slump in sales brought on by the cryptocurrency bear market. Despite that, there still are some collections that saw big gains, like the Reddit World Cup collectibles, for instance. The following projects are worth keeping an eye on for December.

13.02 / 19:22

Citi Provident Digital Citizens Landmark Bitfinex El Salvador Opens the Door to Bitcoin Bonds

El Salvador,the first country to recognize bitcoin as a legal tender, passed landmark legislation that establishes a legal framework for a Bitcoin-backed bond dubbed “Volcano Bond.''

13.02 / 19:19

UPS Provident Digital Strategy Verizon week end Yahoo to lay off 20% of staff by year-end, beginning this week

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13.02 / 19:10

Digital CEO Solomonic MSCI Bitcoin Goldman Sachs To Spend Tens of Millions of Dollars On Crypto Firms

Following the collapse of the FTX, Goldman Sachs (GS) is planning to invest in crypto companies for tens of millions of dollars.

13.02 / 19:08

Digital Bitcoin Investors Interested in Digital Assets Despite Volatile Market

The European cryptocurrency investment company CoinShares released its «Digital Asset Fund Flows Report» on February 6. The report revealed that investors are demonstrating a strong interest in digital asset investment products, with inflows totaling $76 million last week, marking the fourth consecutive week of inflows.

13.02 / 19:06

Lowe's Digital Career CEO Platform Gemini Crypto Lending Platforms Hit Hard as Contagion Spreads

The crypto lending industry, which handed borrowers billions of dollars in just the past few years, faces its biggest crisis yet as some of its leading firms implode.

13.02 / 19:05

Blockchain Digital AXY EOS Infinity Bitcoin week Cryptocurrencies To Watch: Week of December 12

While the cryptocurrency market has been holding at its current levels, there are some concerns brewing in the market. Most notably, the issue of Digital Currency Group’s (DCG) $2 billion debt acknowledged by its founder in late November and the discounted prices of Grayscale’s Bitcoin Trust (GBTC) have stoked investors’ fears.Still, there remain projects and cryptocurrencies that showcase potential.

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