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Pro-Ripple lawyer predicts prolonged legal battle, hints at settlement factors
26.10.2023
John Deaton says there has not been "a single serious conversation" about a potential settlement between Ripple, Brad Garlinghouse, Chris Larsen and the SEC
World Bank, Euroclear Join Forces to Unveil Digital Native Security Issuance on Blockchain
26.10.2023
Belgium-based bank Euroclear has launched the first digital native security on the Luxembourg Stock Exchange together with the World Bank. The €100 million digital bond – Digitally Native Notes (DNN) – issuance by the World Bank involves the distribution and settlement of fully...
On the Road to Yuan Internalization: Petrochina Completes First Digital Yuan Settlement
24.10.2023
Petrochina, the largest Asian oil and gas producer, has completed a settlement using the Chinese central bank digital currency (CBDC), the digital yuan. The operation, which involved a purchase of 1 million crude barrels through the Shanghai Oil and Gas Trading Center platform, marks the first time...
SEC Drops Lawsuit Against Ripple Executives, All Charges Dismissed — Ripple Calls It ‘a Surrender by SEC’
20.10.2023
The U.S. Securities and Exchange Commission (SEC) has dropped all charges against Ripple’s executives, CEO Brad Garlinghouse and co-founder Chris Larsen. “The SEC made a serious mistake going after Brad & Chris personally — and now, they’ve capitulated, dismissing...
FTX Estate Proposes Recovery Plan With 90% Asset Return Expected
19.10.2023
The now-defunct FTX crypto exchange announced a proposed settlement plan this week that aims to resolve disputes over customer assets lost when the company filed for bankruptcy in November 2022. FTX Debtors Chart Path to Redress: 90% Asset Recovery Proposed in Bankruptcy Plan The FTX debtors’...
Best Crypto to Buy Now October 17 - Solana, Bitcoin SV, ApeCoin
17.10.2023
A proposed settlement filed on October 16 could see FTX customers receive the majority of their lost funds by the second quarter of 2024.
The settlement comes after months of discussion between FTX debtors and creditor groups, including an unsecured creditors committee and a non-US customers...
JPMorgan’s Tokenized Collateral Network Facilitates Blackrock-Barclays Trade
13.10.2023
Banking giant JPMorgan Chase has debuted its blockchain-based collateral settlement system. Blackrock became the first client to use JPMorgan’s Tokenized Collateral Network (TCN). The world’s largest asset manager used the system to convert shares in one of its money market funds into digital...
Court Approves Genesis and FTX $175 Million Settlement Deal Despite Outrage from Creditors
12.10.2023
A United States court has approved the settlement terms of bankrupt digital asset lender, Genesis and FTX's sister company, Alameda Research.
A Court filing on Oct 11 shows judicial accent cloaked the agreement which was entered by both companies in the course of the bankruptcy...
Court approves Genesis settlement of $175M to FTX, expunges billions in claims
12.10.2023
Genesis previously reportedly said that the $175 million settlement was “fair and equitable,” while FTX creditors wanted to contest it
JPMorgan Chase Conducts First Blockchain-Based Collateral Settlement with BlackRock and Barclays
11.10.2023
The blockchain-based collateral settlement application of JPMorgan Chase & Co., a global banking giant, the Tokenized Collateral Network (TCN), is now live, having completed its inaugural transaction involving two significant clients: BlackRock and Barclays. ...
Read More: JPMorgan Chase Conducts...
First Mover Americas: JPMorgan Goes Live With First Blockchain-Based Collateral Settlement
11.10.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 11, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Blockchain Adoption: Hong Kong Exchange Launches New Settlement Platform to Connect with Users in China
5.10.2023
Hong Kong Exchanges and Clearing Limited (HKEX), which operates a range of equity, commodity, fixed income, and currency markets, has unveiled an equities settlement acceleration platform called "Synapse."
The newly launched platform will leverage smart contracts programmed in DAML to streamline...
HKEX Unveils 'Synapse' Platform Using Smart Contracts for Enhanced Equities Settlement
5.10.2023
On Wednesday, October 4, Hong Kong Exchanges and Clearing Limited (HKEX) introduced an upgraded version of its Stock Connect program called "Synapse."
Synapse leverages smart contracts written in the DAML programming language to automate post-trade workflows and mitigate settlement risks, thereby...
Hong Kong Stock Exchange Launches Blockchain-Based Settlement Platform
4.10.2023
HKEX says the system, used by traders in Hong Kong to buy stocks in China, will speed up settlement and provide greater transparency
Hong Kong Stock Exchange launches settlement platform powered by smart contracts
4.10.2023
Dubbed "Synapse," the platform will accelerate trades placed by international investors for Mainland Chinese stocks
Block.one’s Settlement Offered a ‘Tiny Fraction’ of the $4.1 Billion Raised — EOS Network Foundation CEO
23.9.2023
According to Yves La Rose, the founder and CEO of the EOS Network Foundation (ENF), the blockchain software company Block.one’s failure to financially back the EOS ecosystem after the 2018 initial coin offering (ICO) is one of the many reasons why the community felt compelled to take over....
Fortnite Players Can Now Get A Refund From Historic FTC Settlement
20.9.2023
Good news, everyone: now Fortnite can pay you. After a spat with the FTC wherein Epic Games settled for $245 million dollars, the Federal Trade Commission has launched a webpage for eligible Fortnite players to get some money back. Read more
NFL Quarterback Trevor Lawrence and Two YouTube Influencers Settle FTX Case
18.9.2023
Three celebrity promoters of the failed FTX cryptocurrency exchange have opted to settle a case which alleged they helped dupe investors
NRL and Youtube stars reach settlement in FTX class-action lawsuit: Report
17.9.2023
NRL star Trevor Lawrence and YouTubers Kevin Paffrath and Tom Nash have reportedly opted to settle with investors who alleged they were misled by their FTX promotions
NFL Star Trevor Lawrence and Youtube Influencers Settle Allegations Over FTX Endorsements
16.9.2023
In a recent court document, Jaguars’ quarterback Trevor Lawrence and two others have chosen to settle allegations that they misled investors, leading to losses in the FTX collapse. Lawrence, among several high-profile endorsers of FTX, has not publicly revealed the terms of his settlement....