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EU regulator calls for public input on DLT for trading and settlement
5.1.2022
Distributed ledger technology is increasingly gaining attention in Europe for its applications in securities trading and settlement
Hemp grower crowdfunds court case, tokenizes shares in settlement
5.1.2022
The Initial Litigation Offering is being used to help a hemp grower crowdfund legal fees in a fight against California, and has important implications for a new type of fund raising with crypto
Eminem Purchases Bored Ape Yacht Club #9055 for $452K, Shady’s Portfolio Holds 166 NFTs
2.1.2022
Marshall Mathers, known professionally as Eminem has joined the community of bored apes by purchasing a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collectible for 123.45 ethereum or $452K at the time of settlement. Slim Shady Purchases Bored Ape Yacht Club #9055 for $452K The Bored...
Riot Games Reaches $100 Million Settlement In Gender Discrimination Lawsuit
28.12.2021
Back in 2018, former Riot Games employees Melanie McCracken and Melanie McCracken and Jes Negrón filed a class action suit against the League of Legends publishe over endemic gender-based discrimination and fostering a “men-first” environment. A settlement has now been reached.Read more
Investors in Collapsed South African Crypto Platform Reimbursed a Portion of Invested Funds
26.12.2021
Investors in Africrypt, the now-defunct South African crypto platform, were recently reimbursed a portion of their invested funds. The payments were made by Pennython Project Management LLC as part of a settlement offer that potentially ends claims against Africrypt’s runaway directors....
SWIFT Aims to Test Tokenization in 2022, Clearstream, Northern Trust, SETL to Participate
24.12.2021
SWIFT, the Belgian-based cooperative that serves as an intermediary and settlement executor of financial transactions between banks worldwide is planning to experiment with asset tokenization in 2022. In a blog post about the subject, SWIFT notes that it will be working with firms like Clearstream...
CD Projekt Settles Cyberpunk 2077 Lawsuit, Will Pay $1.85 Million
17.12.2021
This time last year a group of investors filed a class-action lawsuit against CD Projekt Red over Cyberpunk 2077's disastrous launch, saying the game was “virtually unplayable on the current-generation Xbox or Playstation systems due to an enormous number of bugs”.Read more
Ross Ulbricht NFT Collection Raises Over $6 Million in Ethereum, Free Ross DAO Wins Auction
10.12.2021
The Ross Ulbricht Genesis non-fungible token (NFT) collection auction has come to an end and the auction winner was the “Free Ross DAO,” backed by the Pleasrdao project. The NFT collection raised 1,446 ether or $6.27 million at the time of settlement. Free Ross Decentralized...
GoCrypto Reveals a Protocol That Revolutionizes Digital Payments
7.12.2021
PRESS RELEASE. LJUBLJANA, SLOVENIA: The GoCrypto project always strives to bring crypto payments into the mainstream. The upgraded solution dubbed GoCrypto 2.0 enables true decentralized payments where the merchant can accept virtually any currency and receive the settlement in its desired crypto...
Bank of International Settlement calls the rise of decentralized finance 'an illusion' in latest quarterly review
6.12.2021
Even though the total value locked in DeFi protocols has eclipsed $246 billion, it was not enough to please the BIS
Bitcoin network settling an average of $95K for every $1 in fees
30.11.2021
Bitcoin’s settlement efficiency has been improving which means more value can be sent for lower transaction fees
$9 Billion in Bitcoin: Court Trustee Says Mt Gox Rehabilitation Plan ‘Final and Binding’
17.11.2021
Mt Gox claimants may see restitution soon as a recent filing from the Tokyo District Court’s trustee Nobuaki Kobayashi explains that the rehabilitation plan is now “final and binding.” The document published on Tuesday notes that an announcement will follow that discloses...
CoinFLEX’s Stablecoin flexUSD Now Available to Hundreds of Financial Institutions With Copper ClearLoop Integration
15.11.2021
PRESS RELEASE. SEYCHELLES, 15 November 2021 – CoinFLEX, leading crypto exchange and yield platform, has partnered with Copper.co, a global digital asset custodian and trading solutions provider by integrating with their ClearLoop instant settlement trading network. The partnership expands...
EU central banks work on DLT-based asset settlement
5.11.2021
Banca d’Italia and Deutsche Bundesbank shared experiences on distributed ledger technology-based settlements in a workshop
Union Pissed About Meager Activision Blizzard Settlement, Demands Fairness Hearing
12.10.2021
Today, the Communication Workers of America union filed an objection to the U.S. Equal Employment Opportunity Commission’s (EEOC) proposed settlement with Activision Blizzard regarding sexual harassment allegations at the game publisher. The union is, to say the least, unhappy with the settlement...
Bitcoin network tags record high for daily settlement volume
11.10.2021
More than $30 billion was settled on the Bitcoin blockchain in a single day last week
MoneyGram launches USDC settlement using the Stellar blockchain
7.10.2021
The partnership will enable MoneyGram customers to fund and withdraw from their accounts using the USDC stablecoin at physical branches
‘Faster and Cheaper Cross-Border Transfers’ — Banking Report Led by BIS Highlights the Benefits of Cryptocurrency
30.9.2021
According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the banking group leveraged a prototype that shows how money transfers can be done in seconds with very...
Labor Union Suggests $18M Activision Blizzard Settlement Akin To Pennies
30.9.2021
Following news that Activision Blizzard plans to settle the U.S. Equal Employment Opportunity Commission’s (EEOC) complaint for just $18 million, workers at a labor union say it doesn’t do enough to curb “corporate bad actors.”Read more
BIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets
12.9.2021
The head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks to act now on central bank digital currencies (CBDCs) to compete with initiatives in the private sector, including cryptocurrencies. “CBDCs will take years to...