Tag: digital
Investors Fret Over Interest Rates: Digital Asset Outflows Hit $206M
Digital asset investment products recorded $206 million in the past week.
Voyager Digital Secures $484 Million from FTX and 3AC Settlements
About $450 million of the recovered funds originated from a settlement with FTX.
Crypto VC Comeback: Paradigm, Galaxy Digital to Raise Millions for New Funds
Crypto venture capital firm Paradigm is in talks with investors to raise between $750 million and $850 million for a new crypto fund.
Galaxy Digital Reports $296M Net Income in 2023 After $1B Loss
Galaxy Digital’s assets under management (AUM) surged to $10.1 billion by the end of February this year.
Bitcoin Set for Correction Before Continuing Upward Trend, Predicts Galaxy Digital CEO
Mike Novogratz suggested a Bitcoin correction might drop it to the mid-$50,000s before a new surge to a record high.
Binance Recovers $4.4 Billion in Digital Assets for Users Amid Deposit Errors
Binance’s recovery of mishandled user funds comes after the approval of its guilty plea and a $4.3 billion settlement deal by a US federal judge.
Chamber of Digital Commerce Backs Kraken in SEC Lawsuit
The CDC aims to address and counter the SEC’s current aggressive regulatory tactics rather than relying on clear, legislated rules.
European Central Bank: Digital Euro for Payments Only, Not Investment or Holding
The European Central Bank has released a paper and video touting its digital Euro and attempting to allay fears over investments in the CBDC, which it is attempting to restrict.
FTX to Sell Off Digital Custody at a Very Steep Markdown
The sale will free up $500k that can be used to pay off creditors.
UAE’s Central Bank Initiates Historic Cross-Border Digital Dirham Transfer to China
The transfer was sent via mBridge, a cross-border project introduced in 2021 by China, Hong Kong, Thailand, UAE in partnership with BIS.