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JPMorgan Set to Launch Instant Settlement for Euro-Dollar Conversions
7.11.2024
The bank’s token, JPM Coin, which already processes $2 billion in transactions every day, will be used for the settlement processes. JPMorgan Leveraging Blockchain for Cross-Border Settlement JPMorgan, the largest bank in the U.S. has set out plans to provide quick settlement for currency...
JPMorgan Renames Blockchain Platform to Kinexys, to Add On-Chain FX Settlement for USD, EUR
6.11.2024
The banking giant was one of the early leaders in applying blockchain tech to traditional financial activities, executing over $1.5 trillion of transactions since its inception
Swift, UBS, Chainlink pilot tokenized fund settlement
5.11.2024
Swift, UBS and Chainlink aim to modernize traditional finance by enhancing tokenized fund processes with blockchain
Real-Time Settlements in Crypto: Reducing Latency with Blockchain
3.11.2024
Real-time settlement is transforming financial markets, particularly in the realm of cryptocurrency. Traditionally, financial transactions could take days to settle […]
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FTX's $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer
28.10.2024
The costly meltdown of global exchange FTX is still settling big chunks of its bankruptcy drama, now securing about $228 million from Bybit to further feed the cash dispersal that was approved in court earlier this month
Chainlink co-founder unveils blockchain payments for TradFi
23.10.2024
Chainlink and Swift will introduce a new blockchain integration, simplifying digital asset settlement for financial institutions using existing infrastructure
Crypto Scheme Settlement: Tennessee and GS Partners Resolve Misleading Digital Asset Investments
17.10.2024
Tennessee has secured a multi-million dollar settlement with GS Partners over alleged deceptive investment schemes involving digital assets and the metaverse. Investors were enticed with tokens and vouchers linked to physical gold, skyscrapers, and virtual staking pools. Now, affected individuals...
Ripple Invests $25M in Bitnomial’s Platform to Build Regulated Derivatives Market for Digital Assets Like XRP
16.10.2024
Crypto derivatives exchange Bitnomial is set to launch its U.S. perpetual futures trading platform, Botanical, backed by a $25 million round led by Ripple. The platform, integrating Ripple’s stablecoin RLUSD, aims to challenge decentralized exchanges and offshore models. Bitnomial’s...
Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022
14.10.2024
In 2022, the Avalanche Foundation sold 1.97 million AVAX worth $100 million at the time to Terra’s foundation before its collapse. It’s now buying it all back for $45.5 million
Washington Investors Set to Reclaim Digital Currency in GS Partners Settlement
11.10.2024
After over a year of negotiations, the Washington State Department of Financial Institutions (DFI) has joined a multi-state settlement agreement with GS Partners. Accused of violations under Washington’s Securities Act, the case centers on GS Partners’ Metacertificates and a multi-level...
SEC settles with trading firm over $4M ‘AI-washing’ scheme
11.10.2024
The SEC alleged that Rimar LLC’s executives overstated the AI capabilites of
FTX Proposes Caroline Ellison Giving up ‘All of Her Assets’ in Settlement
9.10.2024
Crypto exchange FTX has filed a motion for settlement with former Alameda Research head Caroline Ellison, proposing that…
FTX says Caroline Ellison to give up ‘all of her assets’ in settlement
9.10.2024
Former Alameda Research CEO Caroline Ellison agreed to settle a case with FTX, which would apparently see her turn over everything she has left
Paypal Completes First Corporate Transaction Using PYUSD Stablecoin
6.10.2024
Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with Paypal partnering with Ernst & Young LLP. Paypal...
Boerse Stuttgart Group Blockchain Experiment Cuts Settlement Time to Minutes
2.10.2024
Boerse Stuttgart Group (BSG) successfully tested blockchain-based securities settlement, reducing transaction time from two days to minutes. The tests, part of the European Central Bank’s (ECB) explorations, demonstrated significant progress in digital capital markets. German banking giants...
Digital Asset’s Canton Network tokenizes gold, Eurobonds, gilts
2.10.2024
After a successful US Treasurys project, Digital Asset has turned its attention to collateralizing more bonds and gold
FTX Saga Continues: Debtors to Update on Proposed Settlement
1.10.2024
The FTX Debtors have provided an update regarding the proposed settlement with preferred shareholders, as part of their…
Börse Stuttgart, ECB cut settlement time in blockchain test
1.10.2024
Börse Stuttgart Group’s blockchain test, in collaboration with the European Central Bank, aims to revolutionize securities transactions by reducing settlement times to minutes
Binance Founder CZ Released From US Custody After Serving 4-Month Sentence
28.9.2024
Binance founder and former CEO Changpeng Zhao (CZ) has been released from U.S. custody after serving a four-month sentence for his role in compliance failures at Binance. His sentence followed a plea deal that included a $50 million fine and stepping down as Binance’s CEO. Despite his prison...
SEC Fines Mango DAO for Unregistered MNGO Tokens
27.9.2024
The U.S. Securities and Exchange Commission (SEC) has filed charges against Mango DAO, Blockworks Foundation, and Mango Labs LLC for offering unregistered securities. The case centers around the sale of MNGO tokens and the operation of Mango Markets without proper registration. Mango Markets...