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The ‘central bank of central banks’ is building a CBDC settlement platform
22.1.2021
The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year
French Central Bank Trials Digital Currency for Interbank Settlement
19.1.2021
The pilot involved the settlement on a private blockchain of around €2 million
Mt Gox Creditors Asked to Approve a Settlement Proposal Drafted by Coinlab
16.1.2021
On January 15, the public was made aware of a deal between the firm Coinlab Inc., the Mt Gox bankruptcy trustee, Nobuaki Kobayashi, alongside MGIFLP, a subsidiary of Fortress Investment Group. According to the proposal, Mt Gox creditors will be able to claim as much as 90% of the bitcoin held...
OKEx Adds More Coin-Margined Perpetual Swaps for Real-Time Settlement
14.1.2021
OKEx adding more swaps to its real-time settlement function that went live on Dec. 29, 2020
183 Violations: US Government Fines Bitgo for Allowing Users to Bypass Sanctions With Cryptocurrency
1.1.2021
The U.S. Office of Foreign Assets Control has fined Bitgo for failing to prevent users in sanctioned countries from using its crypto wallet service. The agency says Bitgo processed 183 cryptocurrency transactions that were “apparent violations of multiple sanctions programs.”...
Elon Musk Endorses Cryptocurrency for Martian Economy
31.12.2020
Spacex and Tesla CEO Elon Musk, widely believed to be the man taking humanity to Mars and building a permanent settlement there, tweeted his approval of the idea that Mars’ economy will run on cryptocurrency. Elon Musk Envisions Mars’ Economy Run on Cryptocurrency Elon Musk believes...
OKEx Launches Real-Time Settlement for Derivatives Trading
29.12.2020
OKEx launches real-time settlement for the trading of derivatives on its platform allowing users to make withdrawals at any time
Legal Battle Between Bitmain Co-Founders Appears to End With Micree Zhan Taking Control of the Company
28.12.2020
The long-lasting legal battle between co-founders of China-based Bitmain seems to have seen the light at the end of the tunnel after both parties agreed to reach an agreement. Legal Tussle Between Bitmain Co-Founders Reportedly Ended With a $600 Million Compensation for Jihan Wu According...
Tierion to Repay ICO Investors Up to $25M Plus Interest in SEC Settlement
24.12.2020
The SEC order effectively blows up 1 billion TNT tokens
Bitmain's 'hard fork' to end in $600M settlement in favor of Micree Zhan
22.12.2020
The year-long dispute between Bitmain co-founders appears to be at an end with a $600 million compensation on the table
Introducing MoonDeFi, a New Part of Decentralized Finance
29.11.2020
PRESS RELEASE. Centralized exchanges have been the backbone of the cryptocurrency market for years. They offer fast settlement times, high trading volume, and continually improving liquidity. However, there’s a parallel world being built in the form of trustless protocols. Decentralized...
Kik’s Prospective Settlement With SEC Boosts KIN’s Value
21.10.2020
Following the release of the proposed settlement between the U.S. Securities and Exchange Commission (SEC) and Canadian social media startup Kik Interactive, the latter’s cryptocurrency rallied, spurring optimism over the future of the instant messenger service and its crypto-related activities....
Kik, SEC Propose $5M Settlement Over 2017 ICO, Ending Yearlong Battle
20.10.2020
Kik will pay $5 million in penalties as part of a proposed settlement with the SEC, which sued the messaging app last year
Legal firms sling mud in $8.3M Tezos settlement fees battle
9.10.2020
Six law firms are fighting over how to distribute $8.3M in attorney’s fees from the Tezos’ $25M class action settlement
JPMorgan Admits Fraud, Agrees to Billion Dollar Settlement for Illegal Trading
30.9.2020
JPMorgan Chase has admitted to fraud charges and agreed to settle with the U.S. Department of Justice, the Commodity Futures Trading Commission, and the Securities and Exchange Commission. The firm has agreed to pay nearly a billion dollars in penalties and victim compensation. JPMorgan’s...
US SEC issues no-action letter on compressed digital asset settlement process
26.9.2020
In issuing a no-action letter, the SEC took a more nuanced position on virtual assets
SoluTech to Burn its Tokens Under Terms of SEC Settlement; Co-Founder Fined
25.9.2020
SoluTech, which violated securities laws and misrepresented its revenue during the token sale, now must destroy all its tokens
Stripe to Pay $120,000 in PlexCoin ICO Settlement With Massachusetts Attorney General
21.9.2020
The payments processor facilitated millions of dollars of PlexCoin investments before shuttering accounts in September 2017
Crypto Esports Startup Unikrn to Pay $6.1M in SEC Settlement Over 2017 ICO
15.9.2020
Unikrn has agreed to settle the charges, without admitting or denying them, by paying a $6.1 million penalty to be distributed among investors
$16B Worth of Dollar-Pegged Cryptos: Stablecoins Add $100M a Day Since Mid-July
4.9.2020
Stablecoins have been gathering a lot of steam and settling massive value in recent months. Moreover, on Thursday, Coin Metrics’ executive Nic Carter mentioned on Twitter that “stablecoins have been adding $100 [million per day] since mid-July. While a number of dollar-pegged...