settlement News

Binance Holdings Ltd. has been ordered to pay $4.3 billion as part of a plea deal approved by US District Judge Richard Jones, marking one of the heftiest criminal penalties in US history.

The SEC’s civil lawsuit against Barry Silbert-backed Genesis has ended in a mutual settlement amid bankruptcy proceedings for the defunct crypto service provider. 

Cryptocurrency platform Abra has reached a settlement with Texas securities regulators, enabling users to withdraw their funds and ensuring compliance with existing securities laws.

JPMorgan analysts believe that Binance’s $4.3 billion settlement stabilizes the crypto market and mitigates systemic risk.

The Department of Justice (DoJ) is scheduled to publicly disclose a resolution with crypto’s largest exchange Binance following news of a multi-billion settlement and major enforcement actions from regulators.

The EOS Network Foundation (ENF) advises community members to carefully consider opting out of the $22 million settlement with B1 as the deadline approaches

Judge Sarah Netburn has ordered Ripple Labs and the SEC to agree on three mutually convenient dates for a potential settlement conference days after she ruled that XRP is not a security

JP Morgan Chase & Co. has partnered with six Indian banks to launch a blockchain-powered platform for settling interbank dollar transactions in India's emerging international financial center. 

T. Rowe Price Associates, together with several prominent Wall Street companies, is set to explore the potential of the Avalanche blockchain to revolutionize financial trade execution.

Argentina’s central bank in partnership with blockchain development firm IOV Labs is testing out a blockchain-based institutional solution for payment settlement and improved traceability. Argentina’s Central Bank Leverages Blockchain Technology According to Fintechzoom, South-American blockchain heavyweight IOV Labs has developed…

The Reserve Bank of Australia (RBA) — the country’s central bank says adoption of state-backed digital currency for interbank settlement could provide certain advantages like cost savings and better financial inclusion. Australia’s apex bank is the latest to trial a…

The world’s fourth-largest bank, Wells Fargo, announced plans to use its digital token to pilot internal settlement services, which would run on its distributed ledger technology (DLT) platform. Per the press release September 17, 2019, the pilot project is expected…

A now publicly available patent from Bank of America (BofA) has revealed a system of real-time settlement that utilizes the Ripple ledger for inter currency transactions, July 20, 2019. Huge Breakthrough for Ripple Bank of America’s patent reveals the exclusive…

On August 9, 2018, Paxos, the parent company of crypto exchange itBit, announced the launch of the Paxos Confirmation Service, a tool designed to streamline the post-trade confirmation process for the precious metals market. A Step toward Post-Trade Blockchain Solution…

IBM announced a partnership with Natixis and Trafigura to introduce the first blockchain development for commodity trade finance for US crude oil transactions. The March 28 announcement marks the beginning of the institutional use of the blockchain technology. The trading…

The Bank of England (BoE) recently posted a press release announcing that its FinTech Accelerator launched a new community which brings together FinTech-related organizations. On March 17 the BoE posted on its official website a press release where it states…