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Wells Fargo Set to Pilot Internal Settlement Service Based on Its First DLT Platform
18.9.2019
Wells Fargo & Company, the renowned American MNC offering financial services, announced its plans of unveiling its own blockchain-powered digital currency for easy movement of cash between its branches and across borders in real-time. The currency in question referred to as ‘Wells Fargo Digital...
Wells Fargo to Pilot DLT-Based Cross-Border Settlement Platform
17.9.2019
Financial services company Wells Fargo & Company is planning to pilot a DLT-based internal settlement service in 2020
Wells Fargo to Pilot Dollar-Linked Crypto for Internal Settlement
17.9.2019
U.S.-based financial giant Wells Fargo is developing a cryptocurrency that will run on the firm’s first blockchain platform
Diesel Cheating Settlement in Australia Finally Agreed By Volkswagen
16.9.2019
German car manufacturing giant Volkswagen has been beset with scandals over the past few years, and while the company is trying to turn over a new leaf, the aftermath of the scandals keep bugging it. The emission scandal had almost threatened to take down the company a few years ago, and...
Seed CX Subsidiary Adds Crypto Derivatives Settlement for Institutions
11.9.2019
Zero Hash is launching support settlement services for bilateral derivative transactions
John McAfee Responds to Google’s Settlement for FTC YouTube Investigation
3.9.2019
In an important recent development, the internet searching joint Google has finally agreed to pay a fine amounting between $150 million and $200 million to Federal Trade Commission (FTC) to finally settle the ongoing investigation in the case of an alleged infringement of children’s privacy...
US SEC Reaches $10 Million Settlement With Digital Assets Issuers
29.8.2019
The US SEC has settled with a Dallas-based digital assets company and its founders for $10 million
South Korea’s BC Card Is Using KT’s Blockchain for Rewards Settlement
27.8.2019
The company says that the process has been made significantly more efficient
Blockchain-Based Healthcare Firm Achieves Settlement with SEC Over Unregistered ICO
20.8.2019
According to the latest reports, the SEC, short for the Securities and Exchange Commission, has settled the charges with SimplyVital Health, Inc. The Commission had pressed an Administrative Proceeding against the company offering blockchain-based solutions for the healthcare industry in...
ASX’s In-the-Works DLT Settlement System ‘on Track,’ Says Yearly Report
16.8.2019
The Australian Securities Exchange has released its 2019 financial report, offering insight into its upcoming distributed ledger settlement system
US Financial Regulators Reach $7M Settlement Over PlexCorps ICO
15.8.2019
The U.S. SEC has reached a $7 million settlement agreement with the issuers behind an allegedly fraudulent ICO
PlexCorps and United States SEC Reach Settlement
13.8.2019
According to the latest reports, the case between PlexCorps and the United States SEC (Securities and Exchange Commission) has reached a settlement. Both the individual defendants have given their written consent to pay the fines and refrain from participating in the activity of digital securities...
ICO Issuer PlexCorps Reaches Settlement With US Securities Regulator
13.8.2019
Lacroix and Paradis-Royer each agreed to pay $1 million apiece as a civil penalty. PlexCorps must disgorge $4.56 million in addition to some $350,000 in interest
PR: Uruguayan President Meets With the Founder of SCRY
2.8.2019
Uruguay, nicknamed South America’s Switzerland, has always taken a positive attitude towards the development of science and technology and information economy as well as science and technology services, thus becoming the first Latin American country to step into 5G information this year. Miss...
Prime Trust Launches Instant Settlement Network for Crypto-Fiat Trades
30.7.2019
Nevada-based Prime Trust has launched a real-time settlement service for crypto and fiat transfers among clients
Facebook Reaches $5 Billion Settlement with the Federal Trade Commission
13.7.2019
Facebook has found itself in a whole range of problems over the past couple of years, and many of the problems struck at the very heart of its business. Other than issues related to failure to block advertisements bought by Russians in the lead up to the United States Presidential elections, there...
Euroclear, EIB, Santander and EY to Pursue Blockchain Pilot for ECP Settlement
19.6.2019
Euroclear, one of the world’s largest securities depositories, says it will push forward with building a pilot blockchain-based platform for the issuance and settlement of ECPs
14 Banks, 5 Tokens: Fnality’s Expansive Vision for Interbank Blockchains
13.6.2019
Fresh off a $63 million fundraise, execs at bank blockchain consortium Fnality shed some light on the often-secretive project's plan to tokenize fiat currency
Financial Giants Backed Utility Settlement Coin Coming in 2020
3.6.2019
Source: iStock/Rafael_Wiedenmeier
In the relentless effort to utilize the blockchain technology, the new company called Fnality International, a brainchild of 14 major financial firms, is estimated to become operational in 2020. The company will be in control of a blockchain-powered digital cash...
Major Utility Settlement Coin Project Raises $63 Mln for Commercial Realization
3.6.2019
The Utility Settlement Coin project — led by some of the world’s leading banks — has established a new firm and completed a $63.2 million Series A financing round