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Influencer served settlement demand via NFT: Nifty Newsletter, May 17–23
24.5.2023
Data shows that the Bitcoin network has become the second-largest NFT chain by sales volume in the 30-day, 7-day and 24-hour metrics
Connecticut Banking Regulator Fines Crypto ATM Operator Bitcoin of America
23.5.2023
According to the Connecticut Department of Banking, commissioner Jorge Perez revealed that the regulator has reached a settlement with the crypto automated teller machine (ATM) and kiosk operator Bitcoin of America. As part of the settlement, Bitcoin of America will pay $86,000 in restitution,...
Influencer served settlement demand via NFT, following $7M token presale
21.5.2023
A “manipulative launch strategy” was alleged over how the Liquidity Pools were structured and the way that the tokens "trickled out."
Expert Claims Proposed BRICS Common Currency Poised to Undermine US Dollar Dominance
20.5.2023
A recent report from China’s Global Times reveals that Zhou Yu, an international finance research director at the Shanghai Academy of Social Sciences, believes that the proposed BRICS cross-border currency is a significant step in challenging the dominance of the U.S. dollar. Zhou asserts...
Wells Fargo to pay $1B on shareholders lawsuit settlement
18.5.2023
A Redditor highlighted the recurring violations of regulations by banks, expressing their frustration at the relatively muted response from the SEC
Australia marks first FX transaction using a CBDC as eAUD pilot continues
18.5.2023
The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain
DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says
17.5.2023
The Global Financial Markets Association called for regulators to be more open to the tech underpinning cryptocurrency
DCG settlement with Genesis still undecided as 30-day mediation period proceeds
10.5.2023
The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation
Today in Crypto: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois' Biometric Information Privacy Act, 3AC-founders’ OPNX Reprimanded by Dubai Regulator
2.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois'...
Poloniex will pay $7.6M settlement to US authorities for 'apparent violations' of sanctions
1.5.2023
OFAC said Poloniex allowed users in Crimea, Cuba, Iran, Sudan, and Syria to conduct digital asset trades, deposits, and withdrawals between January 2014 and November 2019
Gemini seeks mediation for quick settlement in the Earn controversy
1.5.2023
Gemini has been maintaining a webpage to share weekly updates with the community. These relate to the progress that it has made in the negotiation with the Digital Currency Group (DCG), Creditor Committee, Unsecured Creditors Committee (UCC), and Genesis. Per the recent update posted on April...
ECB Probes Decentralized Settlement for Wholesale Financial Markets
28.4.2023
Euro regulators are looking again at their centralized settlement systems in seeking to keep pace with digital innovation as they explore central bank digital currencies
Genesis settlement disrupted by new creditor demands, DCG says
25.4.2023
Under the initial settlement plan, Genesis creditors were expected to receive 80% recovery of funds lost due to the bankruptcy
Russia Launching Payment System With ‘No Restrictions’ — Digital Currencies to Be Completely Unrestricted
25.4.2023
Russia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in cross-border payments, said Russian Finance Minister Anton Siluanov. “Two parties come to an agreement, make settlement payments, and no other country could step in and freeze such...
Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar
24.4.2023
Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring Russian energy resources, leading Russia to accept...
Bank of Russia to set up entities for crypto mining and cross-border settlement: Report
19.4.2023
Russia's central bank plans to create new institutions to mine crypto assets and settle international payments
Central Banks Successfully Test DLT in Linking Financial Settlement Systems
19.4.2023
The experiment, called Project Meridian, shows it's possible to settle large synchronized transactions in central bank money, a report said
UK may have crypto regulation within a year, says senior minister
19.4.2023
The lawmaker said the regulation will need to be both “pragmatic” and “proportionate” to ensure economic growth is maximized
Brazil and China Deepen Trade Integration to Move Away From US Dollar, as First Yuan-Based Settlement Is Processed
15.4.2023
Brazil and China have reached a milestone in their economic integration, as the first bilateral settlement in Chinese yuan was completed ahead of the visit of President Luis Inacio “Lula” da Silva to China. The settlement, which was processed by the Industrial and Commercial Bank...
London Stock Exchange Unit to Clear Bitcoin Index Futures, Options
13.4.2023
LCH said its partnership with trading venue GFO-X shows its commitment to the growing crypto asset class