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Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers
23.2.2020
Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money...
New Settlement Layer to Offer Asian Crypto Institutions Local Alternative to Silvergate Bank
21.2.2020
The new settlement layer is intended save Asian institutional traders from taking the "scenic route" via U.S. banking regulations
National Stock Exchange of Australia Plans DLT Platform to Compete with ASX
20.2.2020
National Stock Exchange of Australia owner NSX Ltd. and financial institution iSignthis are forming joint venture to offer a digital securities trading platform
Jill Carlson, Meltem Demirors Back $3.3M Round for Non-Custodial Settlement Protocol Arwen
5.2.2020
The funding will help the Boston-based startup expand its non-custodial settlement system, potentially to institutional players
Pantera, Square Join $14m Series-A Round for Real-Time Payments Startup Transparent
5.2.2020
The Seattle-based startup sets out to bring real-time settlement to financial infrastructure through a cryptographically secured, distributed payment network
Few Banks Will Touch Crypto Firms, But Silvergate Wants to Touch Bitcoin Itself
30.1.2020
Silvergate made its name providing fiat banking services for crypto businesses. Now CEO Alan Lane wants the bank to handle digital assets themselves
Blockchain of Things Pays SEC $250,000 to Settle Unregistered ICO
19.12.2019
Internet startup Blockchain of Things has agreed to pay $250,000 to settle with the SEC over its $13 million ICO
Billion Dollar Bitcoin Lawsuit Continues as Craig Wright Breaks Settlement
3.11.2019
In early September, the high-profile court case Kleiman v. Wright looked as though it was coming to an end as the two parties reached a non-binding settlement. Then on October 30, without much notice, Wright explained that he couldn’t finance the settlement and the agreement was broken....
SEC in Settlement Talks With ‘Fraudulent’ ICO Organizer Reg Middleton
9.10.2019
Middleton organized the unregistered $14.8 million Veritaseum (VERI) initial coin offering, and is further accused of market manipulation post-ICO
Acquisition Marks Broadridge Financial’s First Foray Into Crypto Services
2.10.2019
Broadridge Financial Solutions has bought a startup offering products that serve the cryptocurrency and crypto derivative space
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
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
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...
Russian Central Bank to Consider Gold-Backed Cryptocurrency
23.5.2019
The Bank of Russia will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to its governor
Russia’s Central Depository to Launch Security Token Blockchain Next Month
22.5.2019
Russia’s National Settlement Depository will launch its long-awaited digital asset ledger next month – 5,000 kilometers away from its Moscow HQ
Mutual Funds Network Calastone’s ‘Real-Time’ Blockchain Platform Is Live
20.5.2019
Calastone, a transactions network for the mutual funds industry, has now moved to its own blockchain-based settlement system
Top Banks ‘Investing $50 Million’ to Build Blockchain Settlement System
17.5.2019
Around a dozen banks are said to be spending $50 million to build a blockchain-based digital cash settlement system, according to Reuters
BitGo Offers Institutional Clients New Off-Chain Settlement System
14.5.2019
BitGo is launching a new clearing and settlement service, allowing off-chain transactions between clients so assets never leave custody