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Bittrex Reaches Settlement With SEC; Agrees to Pay $24M Fine
10.8.2023
The bankrupt exchange faced charges of offering U.S. investors access to unregistered securities
EOS Foundation urges creditors to reject $22M Block.one settlement
9.8.2023
The EOS Network Foundation has called on plaintiffs to drop the $22 million settlement with Block.one weeks after initiating a new class action
FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust
1.8.2023
In the midst of the bankruptcy proceedings, FTX presented its primary reorganization strategy and term sheet to the U.S. bankruptcy court, detailing an ambitious plan to reinvent FTX as an “offshore crypto exchange” while also founding a new limited liability trust. At this time, the proposed...
FTX, Genesis reach in-principle agreement to settle bankruptcy case
28.7.2023
FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement
Ripple vs. SEC — Respite for a Beleaguered Industry
25.7.2023
On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange, Ripple Labs, Inc. (Ripple). District Judge Analisa...
Chainlink launches cross-chain protocol bridging blockchain to TradFi
18.7.2023
Several top banks around the world are already collaborating with Chainlink to explore applications for the Cross-Chain Interoperability Protocol
Celsius Reorganization Not Affected by $4.7B Settlement With U.S., Bankrupt Crypto Lender Says
13.7.2023
That includes customer recoveries, the bankruptcy crypto lender said Thursday
FTC Slaps Crypto Lender Celsius With $4.7B Fine for Deceiving Consumers and Mismanaging Deposits
13.7.2023
On Thursday, following the U.S. Securities and Exchange Commission (SEC) suing the insolvent crypto lender Celsius, the Federal Trade Commission (FTC) divulged a settlement with the firm and imposed a $4.7 billion fine for “duping consumers.” Nevertheless, the penalty will be deferred to enable...
Zero-Knowledge Rollup ZKM Sets Out to Make Ethereum 'Universal Settlement Layer'
13.7.2023
With funding from the foundation that oversees development of the Metis layer-2 Ethereum protocol, ZKM is developing a hybrid approach that combines Optmistic and Zero-Knowledge rollups into one
Bad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities
12.7.2023
In January, lawyer John Deaton persuaded the Judge in the SEC vs LBRY case that secondary LBC token sales don’t constitute a securities offering
Is Fednow the First Step Towards a Central Bank Digital Currency? Speculations Rise Ahead of Launch
30.6.2023
In recent days, there has been a buzz surrounding the upcoming debut of the U.S. Federal Reserve’s Fednow project, slated for July 1, 2023. The discussions surrounding this topic have sparked speculation about whether this marks the central bank’s inaugural foray into a central bank...
ECB to Start Wholesale CBDC Settlement Trials in 2024
29.6.2023
The central bank wants to see innovative interventions in financial markets – but under existing rules
Coinex Settles With NY Attorney General, Pays $1.7M in Penalties; Announces Exit from US Market
16.6.2023
According to a press release issued on June 15 by the Office of the New York State Attorney General, the cryptocurrency exchange Coinex has reached a settlement with Letitia James, the chief law enforcement officer. The attorney general stated that Coinex will pay $1.7 million in penalties...
Reports Indicate Venezuela Is Preparing to Liquidate the Petro
16.6.2023
According to reports, the government of Venezuela could be winding down the operations of the petro cryptocurrency. The decision comes after Sunacrip, the Venezuelan cryptocurrency watchdog, was set back by the alleged participation of its former head Joselit Ramirez in a potential $20 billion...
CoinEx Has To Refund Thousands as Part of Settlement With New York Attorney General Letitia James
15.6.2023
Cryptocurrency firm CoinEx will have to refund thousands of New York investors more than $1.7 million and pay penalties to the state as a result of settlement with New York Attorney General Letitia James.
CoinEx is also banned from operating in the state, according to a statement on Thursday from...
The Graph Starts Migrating its Settlement Layer to Arbitrum from Ethereum
14.6.2023
The transition is aimed at reducing barriers of entry for The Graph’s users by decreasing gas costs and speeding up transactions
JPMorgan, 6 Indian Banks to Settle Dollar Trades on Onyx Blockchain System: Bloomberg
5.6.2023
The aim of the project is to settle dollar trades in real time around the clock as opposed to over a matter of days and only during the working week
Kenyan President William Ruto Urges African Countries to Commence Process to Ditch the Dollar
1.6.2023
Kenyan President William Ruto recently urged his counterparts on the African continent to kickstart the process of ditching the U.S. dollar and replacing it with a pan-African settlement system. Ruto said the Pan-African Payments and Settlement System (PAPSS) allows business people to focus...
U.S. CFTC Warns About Clearing Derivatives Tied to Digital Assets
30.5.2023
The derivatives agency said that clearing organizations it oversees have moved into the crypto space and it issued a reminder that they need to actively address the risks
Crypto Trading Platform Bitget to Offer Off-Exchange Settlement With Copper’s ClearLoop
25.5.2023
Digital assets safely held within Copper’s infrastructure can be simultaneously delegated to trade on Bitget