BitGo’s Acquisition of Prime Trust Falls Apart, Leaving Latter to Halt Deposits, Withdrawals: Details

BitGo’s Acquisition of Prime Trust Falls Apart, Leaving Latter to Halt Deposits, Withdrawals: Details

ByNews Polite

These past weeks have been intense for the crypto sector, with the US SEC weighing down on the existing players on one hand, and institutional interest brewing around the digital assets industry on the other. In the midst of this industry turmoil, BitGo’s plan to acquire Prime Trust fell dramatically,…

Coinbase, SEC on Collision Course for ‘Existential’ Clash Over Crypto Industry

Coinbase, SEC on Collision Course for ‘Existential’ Clash Over Crypto Industry

ByNews Polite

Coinbase debuted on the US stock market on April 14, 2021 — the same day US senators confirmed Gary Gensler to lead the Securities and Exchange Commission (SEC), the country’s top markets regulator. Gensler, who has called the crypto sector a “Wild West” riddled with fraud, is now embroiled in a battle with…

Crypto-Friendly African Nations Attract IMF Attention Amid Sector Expansion

Crypto-Friendly African Nations Attract IMF Attention Amid Sector Expansion

ByNews Polite

The crypto market in Nigeria, Kenya, Tanzania, and South Africa together saw a growth of 1,200 percent, reaching a market valuation of $105.6 billion (roughly Rs. 775 crores) in between 2020-2021. The growth trajectory of the crypto sector in Africa has attracted the attention of the International Monetary Fund (IMF)….