Settlement Financial News

05.04 / 20:09

Mining regulation New York State settlement US Bitcoin reaches tentative settlement to reopen Niagara Falls mining facility

Crypto miner US Bitcoin Corp has come to a tentative agreement with the City of Niagara Falls that will allow it to reopen its mining operation in that city, according to a local news report. A state supreme court judge ordered its plant closed in early March. The settlement still requires the approval of the city council.

23.03 / 01:17

UPS Twitter CEO Southern Holdings Crypto Holdings settlement Bankruptcy Judge: Celsius Account Holders Can Retrieve 72.5% of Crypto Holdings, Permitted They Opt-In to Settlement Plan

Custody account holders with the now-bankrupt crypto lender Celsius will be able to get back 72.5% of their holdings, as long as they agree to a settlement plan.

22.03 / 21:11

UPS Platform CoinMarketCap settlement CEL surges court approval CEL surges as Celsius settlement gets court approval, details inside

On 21 March, cryptocurrency lending platform Celsius Network [CEL] received approval from the bankruptcy judge overseeing its bankruptcy case for a settlement agreement between the company, its debtors, the official committee of unsecured creditors, an ad hoc group of custodial account holders, and any non-withdrawal custody account holders.

17.03 / 03:57

COST UPS Provident Gap Racing settlement Costs EU traders race to avoid higher costs as US trims settlement times

European investors risk a cash crunch and higher costs as firms race to keep up with the move in the US to a T+1 settlement model, named on account of trades taking a day to complete.

15.03 / 17:59

Blockchain Payments regulation sanctions swift settlement Blockchain is the answer to Russia’s settlement issues, banking exec says

The adoption of blockchain is the right direction for Russia to solve its current settlement issues, according to an executive at Russia’s largest bank, Sberbank.

01.03 / 21:03

Digital SEC Landmark Nexo settlement Nexo Crypto Lender Resolves Multistate Lawsuit with $22.5M Settlement – Here's What Happened

The crypto lender Nexo has resolved a settlement for $22.5 million with multiple US states, after the Ohio Division of Securities became the latest state regulator to join in.

20.02 / 21:31

regulation SEC Kraken settlement ‘Regulators let the bad guys get big’ — Kraken CEO speaks out after SEC settlement

Jesse Powell, CEO of crypto exchange Kraken, has called out United States financial regulators for letting “the bad guys” win to suit their agenda.

13.02 / 19:38

Blockchain UPS Provident Binance SEC CEO Kraken settlement Kraken To Pay $30 Million, Shut Down US Staking Business In SEC Settlement

Cryptocurrency exchange Kraken has agreed to pay $30 million in penalties and shut down its staking business in a settlement with the U.S. Securities and Exchange Commission Thursday.

09.02 / 23:57

regulation SEC Kraken Staking settlement Kraken reaches $30M settlement with SEC over staking

Cryptocurrency exchange Kraken has reached an agreement with the United States Securities and Exchange Commission to stop offering staking services or programs.

20.01 / 17:17

SEC lending Nexo settlement Crypto Firm Nexo Pays Out $45 Million in Settlement with SEC, Shutters Lending Product

Crypto lending company Nexo has agreed to pay a total of $45 million to US regulators to settle claims that it failed to register the sale of its Earn Interest Product (EIP).

20.01 / 01:45

business Government Blockchain regulation SEC lending us government settlement Nexo agrees to $45M settlement with SEC and NASAA over earn product

Crypto lender Nexo Capital has agreed to pay $45 million in penalties to the United States Securities Exchange Commission (SEC) and The North American Securities Administrators Association (NASAA) for allegedly failing to register the offer and sale of its Earn Interest Product (EIP).

10.01 / 05:07

Adoption Central Bank settlement Russia to begin work on CBDC settlement system in Q1 as sanctions endure: Report

Russia’s central bank is reportedly set to begin developing a cross-border settlement system using its Central Bank Digital Currency (CBDC) amid ongoing sanctions in response to its invasion of Ukraine.

04.01 / 21:37

coinbase settlement Coinbase stock compliance Coinbase stock jumps after $100m settlement over compliance failures

Coinbase Global agreed to a $100m settlement with the New York Department of Financial Services over failures in the cryptocurrency broker’s compliance program.

04.01 / 18:27

Law regulation coinbase settlement Coinbase reaches $100M settlement with NY regulators

New York regulators announced on Jan. 4 that cryptocurrency exchange Coinbase will pay a $50 million fine and invest a further $50 million in its compliance program, following a settlement with the New York State Department of Financial Services.

21.12 / 22:23

Adoption Central Bank ECB Euro digital euro settlement Digital euro settlement, distribution options detailed in latest progress report

Progress continues on the creation of a digital euro, and the European Central Bank (ECB) has documented it in a second progress report that described design and distribution options recently approved by its governing council. The report considered four crucial issues, roughly in keeping with the timeline the ECB set for itself that tentatively culminates in a decision on whether to transition from the investigation to the realization phase of work in Q3 2023.

29.11 / 20:05

Digital Platform Simulation settlement US banks launch digital asset settlement platform PoC

The PoC will test a version of the RLN design that operates exclusively in US dollars where commercial banks issue simulated digital money or “tokens” - representing the deposits of their own customers - and settle through simulated central bank reserves on a shared multi-entity distributed ledger.

29.11 / 14:11

Blockchain Polygon Supply Chain inflation settlement Blockchain-based fintech company prepares to enter $500B freight settlement market

The world is quick to blame inflation for the rising prices at grocery stores and retailers. This was the #1 political issue for recent Election Day voters in the United States. For example, media sources recently reported poll data that 85% of Americans could not afford to spend $200 on a Thanksgiving meal in November 2022, and only 25% could afford $100.

16.11 / 03:17

Digital Platform Simulation settlement US banks launch digital asset settlement platform PoC

05.11 / 00:57

CBDC Adoption Federal Reserve settlement wholesale FX spot settlement in 10 seconds: NY Fed releases results of wholesale CBDC research

The Federal Reserve Bank of New York Innovation Center has released a report on the first phase of its Project Cedar wholesale central bank digital currency (wCBDC) Nov. 4. The Fed still has no plans to issue a CBDC, NY Fed executive vice president and head of markets Michelle Neal said at a presentation in Singapore, but it has investigated foreign exchange spot settlement “from the perspective of the Federal Reserve.” Its prototype wCBDC, intended for use by financial institutions rather than the public, was able to implement transactions dramatically faster and more securely than the current standard.

02.11 / 19:43

Blockchain Technology defi settlement International Bank of International Settlement will test DeFi implementation in forex CBDC markets

According to a new announcement on Wednesday, the Bank of International Settlement, or BIS, along with the central banks of France, Singapore, and Switzerland, will be embarking on a new initiative dubbed "Project Mariana" in its exploration of blockchain technology. Project Mariana intends to use decentralized finance, or DeFi, protocols to automate foreign exchange markets and settlement.

24.10 / 16:05

settlement fraud case Credit Suisse reaches €238m settlement over French tax fraud case

Credit Suisse said 24 October it reached a €238m settlement with French prosecutors over a case involving tax fraud, moving forward from another legal case as it pursues a painful reputational rehabilitation.

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