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Genesis Global Trading Settles With New York for $8M Over Regulatory Non-Compliance, Forfeits Bitlicense
12.1.2024
According to the New York State Department of Financial Services (DFS), Genesis Global Trading has agreed to a settlement fine of $8 million and will forfeit its New York state Bitlicense as part of the agreement over compliance failures. Adrienne Harris, the DFS Superintendent said Genesis...
Crypto Exchange CoinList Settles OFAC's Russian Sanctions Allegations for $1.2M
14.12.2023
CoinList did not detect users who claimed to be from non-embargoed countries, but provided addresses in Crimea, OFAC said
City of Basel Settles Tokenized Bonds Using Wholesale CBDC
12.12.2023
The Swiss city of Basel recently settled a series of tokenized bonds using a wholesale central bank digital currency (WCBDC) as part of Helvetia III, a WCBDC pilot program. The system is designed to prioritize efficiency, as having on-chain funds bypasses the need for reconciling transactions with...
Binance settles with U.S. government: Timeline of US enforcement actions
22.11.2023
U.S. government agencies have spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange
Greenidge Generation Settles Debt and Sells SC Bitcoin Mining Site to NYDIG
19.11.2023
Greenidge Generation Holdings has successfully wiped out $21.8 million in secured debt and divested its South Carolina bitcoin mining facility to NYDIG. The firm detailed that the move enhances Greenidge’s financial stability and liquidity. Greenidge Generation Holdings Clears $21.8 Million...
JPMorgan Settles Transactions for $1 Billion Daily Using JPM Coin
28.10.2023
JPMorgan announced that it is registering transactions for $1 billion daily using its own currency, jpm coin. JPMorgan Global Head of Payments Takis Georgakopoulos added that while these movements are denominated in U.S. dollars mostly, the institution is seeking to expand on that in the future....
Euroclear launches digital securities issuance service, settles World Bank bond
24.10.2023
The settlement service is far from the first to issue digitalized securities, but it is a significant step because of its size
JPMorgan settles its first blockchain-based collateral
12.10.2023
JPMorgan Chase & Co. has successfully carried out its initial collateral settlement for clients with the help of blockchain. This is at a time when the biggest bank in the US is looking into commercial applications that are created on the technology that is at the heart of crypto. BlackRock...
Bitcoin Edges Higher to $27.7K; AVAX, XRP Jump as Crypto Market Settles
5.10.2023
Bitcoin edged higher to $27,700 Wednesday afternoon as crypto markets calmed after Monday’s sharp rally. XRP and AVAX jumped 3% and 7%, respectively
Curve Founder Michael Egorov Settles $35.3 Million Debt Position on Aave Platform, $CRV Set for Bull Run?
28.9.2023
Michael Egorov, the founder of the decentralized finance (DeFi) protocol Curve, has recently paid off all his debt on the lending protocol Aave. Currently, he has a remaining debt of $42.7 million across four other DeFi protocols....
Read More: Curve Founder Michael Egorov Settles $35.3 Million...
Curve Finance founder cuts debt to $42.7M, settles entire Aave loan
27.9.2023
Curve Finance founder Michael Egorov still has debt of $42.7 million across four protocols including Silo, Fraxlend, Inverse and Cream
Bitcoin price settles at $26.5K as key Fed inflation week dawns
17.9.2023
Bitcoin and crypto brace for FOMC, while BTC price action delivers a refreshingly calm weekend
Celsius and Core Scientific propose $14M settlement for litigation
15.9.2023
Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million
CFTC Cracks Down on 3 Defi Platforms for Offering Illegal Derivatives
9.9.2023
The U.S. Commodity Futures Trading Commission (CFTC) has issued orders against the operators of three decentralized finance (defi) protocols. The regulator accused them of committing various violations of commodity laws including illegal trading of digital asset derivatives. U.S. Commodities...
SEC Settles Charges Against Linus Financial Over Unregistered Retail Crypto Lending Product
8.9.2023
The US Securities and Exchange Commission (SEC) announced Thursday that it will settle charges against Tennessee-based fintech firm Linus Financial over sales of an unregistered cryptocurrency lending product.
The regulator declared that it will abstain from imposing civil penalties against Linus...
Titan Global Capital Management Settles with the SEC, Agrees to $1 Million Fine for Misleading Crypto Fund Claims
23.8.2023
The New York-based fintech investment adviser, Titan Global Capital Management, has agreed to comply with the US Securities and Exchange Commission's (SEC) cease-and-desist order and paid fines exceeding $1 million for misleading investors about its cryptocurrency offering....
Read More: Titan...
Crypto Exchange Bittrex Settles With SEC — Agrees to Pay $24 Million
12.8.2023
Cryptocurrency exchange Bittrex has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC). Bittrex and Bittrex Global agreed to pay $24 million. The SEC’s director of enforcement alleged that for years, Bittrex worked with token issuers to “scrub”...
Ribbon Finance Settles First On-Chain Ether 'Autocallable' With Marex and MEV Capital
31.7.2023
The onchain execution of structured products promises transparency to investors and eliminates counterparty risks
Lawyer Outlines 4 Options SEC Could Proceed in Ripple Case Over XRP
27.7.2023
A lawyer has outlined four potential next steps that the U.S. Securities and Exchange Commission (SEC) could take following the ruling on the Ripple case regarding XRP. “I expect the SEC to file a request for interlocutory appeal within the next 2 weeks,” he opined, asserting that...
Celsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale
18.7.2023
Mike Novogratz’s Galaxy Digital purchased self-custody platform GK8 from Celsius in December as part of bankruptcy proceedings