2019-11-3 23:30 |
The U.S. Securities and Exchange Commission has reached a $9.5 million settlement stemming from the Veritaseum initial coin offering. origin »
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Almost two years after a major data breach hit Equifax, the company has finally agreed to a global settlement with the US Federal Trade Commission (FTC). As per the proposed terms of the deal, the consumer credit reporting agency will shell out as much as $700 million to settle with federal agencies and 50 US states and territories.
2019-7-23 09:37 | |
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The Federal Trade Commission has whacked Facebook with a record $5 billion fine stemming from the 2018 scandal in which a political consulting firm improperly accessed Facebook user data. The fine comes as a result of settlement talks between the two entities.
2019-7-13 03:30 | |
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The famous Winklevoss twins and their imbroglio with Mark Zuckerberg’s Facebook needs no introduction. Interestingly, the business honchos’ tryst with Gemini started after winning a $65 million settlement from a lawsuit against the social media giant in 2011.
2019-7-11 19:30 | |
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Ripple has recently closed a deal with MoneyGram in which the company is expected to be using the xRapid product to make cross-border transactions through XRP. At the same time, the settlement company is expected to buy $30 million worth of shares for a price of $4.
2019-6-22 18:04 | |
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After giving a tough competition to other cryptos, XRP would be tapping into another firm that would make use of technologies requiring the use of crypto. Ripple struck a deal with money transfer giant, MoneyGram and according to the deal, the settlement company would buy $30 million worth of shares at a price of $4.
2019-6-21 12:15 | |
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Ripple (XRP) up 6. 7 percent from last week’s close MoneyGram partnership is bullish for XRP Not to be overshadowed and confirming previous rumors, Ripple’s injection of $50 million in MoneyGram is strategic.
2019-6-20 20:00 | |
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Ripple, one of the prominent players in the FinTech industry, continues to make strides in the cross-border payment settlement ecosystem. The firm recently announced a partnership with MoneyGram, a money transfer company headquartered in Dallas.
2019-6-19 17:30 | |
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Ripple (XRP) enters key partnership with MoneyGram; invests $30 million - CryptoNinjas MoneyGram, a global money transfer company, announced today it has entered into a strategic agreement with Ripple (XRP), the provider of enterprise blockchain solutions for cross-border payments.
2019-6-18 01:45 | |
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By CCN Markets: In the wake of high-profile hacks such as the $44 million recently removed from Binance’s coffers, BitGo CEO Mike Belshe spoke at Coindesk’s Consensus 2019 on matters including security and how this is hindering the will of institutions to involve themselves in Bitcoin and other digital assets.
2019-6-17 12:58 | |
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USB Group AG, a Swiss multi-national investment bank and financial services company, will be using its own digital currency for cross-border payment settlements. A report published by MarketWatch stated that a total of fourteen firms have developed a coin named, Utility Settlement Coin [USC], and among those firms includes leading banks of the United States, […] The post Swiss multi-national investment bank, USB introduces Fnality International with investment of $63.2 million appeared first on AMBCrypto.
2019-6-4 01:30 | |
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UBS Group AG, a Swiss multi-national investment bank and financial services company, will be using its own digital currency for cross-border payment settlements. A report published by MarketWatch stated that a total of fourteen firms have developed a coin named, Utility Settlement Coin [USC], and among those firms includes leading banks of the United States, […] The post Swiss multi-national investment bank, UBS introduces Fnality International with investment of $63.2 million appeared first on AMBCrypto.
2019-6-4 01:30 | |
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The Utility Settlement Coin project — led by some of the world’s leading banks — has established a new firm and completed a $63.2 million Series A financing round
2019-6-3 13:50 | |
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The banking industry is hell-bent on taking over the nascent blockchain and cryptocurrency market. A group of financial firms led by UBS Group AG is eyeing blockchain technology for settling cross-border trades worldwide with its own “Bitcoin-like” token.
2019-6-3 13:22 | |
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The Australian Securities and Investments Commission (ASIC) has published an update on how it intends to regulate crypto-related businesses and initial coin offerings (ICOs).
2019-6-1 19:04 | |
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Barclays and Bold Capital Partners led a $5.5 million funding round for a blockchain-based invoice settlement platform
2019-5-29 06:20 | |
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From Resistance to Acceptance, Largest Banks are Accepting Bitcoin (BTC) There has been a significant uptick in the number of big banks investing in Bitcoin. The banks are reportedly investing around $50 million to come up with a blockchain-based digital cash settlement system.
2019-5-22 22:03 | |
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First reported in 2017, the Swiss bank UBS-led project to create a digital cash settlement system is expected to get an investment of $50 million from some of the largest banks around the world. Unnamed sources linked to the project told Reuters May 17, 2019.
2019-5-19 18:00 | |
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XRP collateralized token called USDX Major banks working on “utility settlement coin,” can launch in 2020 XRP has entered the realm of stablecoins as instead of fiat, this new project uses a crypto asset to peg the stablecoin.
2019-5-17 18:48 | |
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Some of the world’s leading banks are allegedly currently investing around $50 million to build a blockchain-based digital cash system for transaction settlement, sources claim
2019-5-17 14:50 | |
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Around a dozen banks are said to be spending $50 million to build a blockchain-based digital cash settlement system, according to Reuters.
2019-5-17 12:00 | |
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By CCN: According to Reuters sources, about 12 banks are investing in a blockchain ledger complete with digital cash. While it’s unclear which banks are currently participating in the $50 million project, a spokesman for Barclays told the news organization that “the Research & Development phase is coming to an end.
2019-5-17 05:58 | |
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According to an analyst, Ripple (XRP) will be at an advantage if Bitcoin (BTC) prices soar to $100k, thanks to Ripple's speed and instanteous settlement. The post Ripple (XRP) Will Be at An Advantage If Bitcoin (BTC) Soar To $100k or $1 Million appeared first on Ethereum World News.
2019-5-15 16:02 | |
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Societe Generale S. A. , one of the largest financial institutions in France, issued covered bonds worth $112 million in the form of security tokens using the Ethereum blockchain. It was a pilot program to test how the use of blockchain and cryptocurrency could reduce the time and cost of settlement of securities, reported Bloomberg, May 09,Read MoreRead More.
2019-5-11 09:00 | |
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By CCN. com: The London Stock Exchange (LSE) is weighing the benefits of using blockchain technology for issuing stock and settling trades. In an interview with CNBC, the LSE chief executive Nikhil Rathi said he was inspired by early blockchain initiatives at other stock exchanges, and sees the benefit of distributed ledger technology: “You can certainly see distributed ledger technology having an application in the issuance process… I can see that technology being used in settlement too.
2019-5-2 13:53 | |
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By CCN: Nobody puts Elon Musk in a corner. Well, maybe the SEC. The Tesla CEO has reached a settlement with the U. S. securities watchdog. According to the court filing, which still requires a judge’s John Hancock, Musk will be tweeting a whole lot less than he’d probably like, certainly less than his 26.
2019-4-27 02:32 | |
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Judge Jed Rakoff of the US District Court for the Southern District of New York dismissed the Winklevoss case against Charlie Shrem in which the twins allege Shrem stole $26 million worth of cryptocurrency.
2019-4-19 19:23 | |
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Winklevoss Twins Settle $26 Million Lawsuit Against Charlie Shrem The Winklevoss twins Cameron and Tyler have decided to settle their lawsuit against Charlie Shrem, a recognized Bitcoin (BTC) entrepreneur and supporter.
2019-4-17 21:45 | |
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By CCN. com: Drug manufacturer Purdue Pharma finally settled a lawsuit with the state of Oklahoma, with the OxyContin maker agreeing to pay $270 million to fund addiction research, addiction treatment, and legal fees.
2019-3-28 19:26 | |
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The $100 million fund under the management of Forte is to create an ample time for game developers to innovate and design an on-chain system with XRP as a settlement currency. The post Forte COO: Blockchain Adoption Will First Come from Gaming and Ripple is Ready appeared first on Ethereum World News.
2019-3-26 13:30 | |
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Bitcoin prices steady after yesterday’s sell-off Mt Gox trustee approved 802,521 BTC as claims Volumes stable but below average Wholesale liquidation of Bitcoin and Bitcoin Cash stash in the hands of Nobuaki could heap pressure on responsible exchanges.
2019-3-23 20:00 | |
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An ICO fraud case has concluded with a guilty plea. Jared Rice Sr. , the former CEO of decentralized bank startup AriseBank and creator of the AriseCoin, has pleaded guilty to cheating investors out of $4.
2019-3-23 16:35 | |
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An IBM executive is unfazed by the current market realities, saying he sees Bitcoin (BTC) reaching a value of $1 million as a present possibility. Jesse Lund, vice president of Blockchain and Digital Currencies at IBM, shared his predictions at the IBM Think 2019 Conference, which took place February 12–15, 2019.
2019-2-23 00:42 | |
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The Securities and Exchange Commission (SEC) has agreed to terms of a settlement with the crypto start-up Gladius Network LLC the SEC announced Wednesday. Charges included running an unregistered security offering within the U.
2019-2-21 00:01 | |
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The SEC acknowledged a settlement with Gladius Network LLC today. Gladius raised almost $13 million in an ICO at the height of the crypto boom, from October to December 2017. The company tattled on itself last August, self-reporting potential violations to the SEC.
2019-2-21 22:42 | |
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European blockchain technology companies had a record year in terms of VC investment in 2018, although overshadowed by funding going into financial technology (fintech) companies. According to Innovate Finance’s ‘2018 FinTech VC Investment Landscape‘ report , the European blockchain and cryptocurrency industry witnessed a series of significant deals, but notably just four deals amounted to over $300 million.
2019-2-12 18:30 | |
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Blockchain payment platform BitPay has announced that 2018 has been their most profitable year, having “processed over a $1 Billion again in payments and set a new record for transaction fee revenue.
2019-1-18 22:47 | |
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Not without an ample dose of skepticism, 2018 can indeed be referred to as the year of the stablecoin. Amid total backlash against Tether, and yet high demand for stable cryptocurrency as a means of settlement, a growing cohort of stable coin solutions were rolled out to the market.
2019-1-14 21:46 | |
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Major cryptocurrency exchange, OKEx, faces a backlash from traders, after changing the terms on $135 million of Bitcoin Cash (BCH) futures contracts. The exchange says it forced early settlement of the contracts to protect investors from volatility following the Bitcoin Cash split.
2018-11-19 19:00 | |
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The U. S. Securities and Exchange Commission (SEC) has agreed to settle charges with two startups that sold tokens through Initial Coin Offerings (ICOs) in 2017. The companies were charged by the SEC for running their ICOs after the regulator clearly defined such offerings as unlicensed securities in its DAO Report of Investigation.
2018-11-17 00:07 | |
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The Winklevoss twins have filed a lawsuit against bitcoin investor Charlie Shrem, alleging that Shrem “stole” 5,000 bitcoins from them in 2012. According to a recent report released by the New York Times, Charlie Shrem has made several large purchases over the past year, including multiple real estate properties, luxury cars, powerboats and a $2 million house.
2018-11-3 20:19 | |
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Three Chinese banks have trialed a blockchain-based settlement system, completing their first payment last Friday. CEBNet, the news portal of the China Electronic Banking Network, reports that “Ping’Tai ” has recorded six transactions, for a total value of 30 million RMB.
2018-10-30 01:48 | |
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A lawsuit claiming damages of $152 million involving Augur, a cryptocurrency betting platform for predicting real-world events, has been reportedly settled off-court. As for now, San Francisco county court records show the case as dismissed.
2018-10-18 13:00 | |
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Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb, the world’s third-largest cryptocurrency exchange, according to a local news outlet.
2018-10-13 23:53 | |
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Jacinda Arden, Prime Minister of New Zealand has had her face used by a fake news site in order to promote articles aimed at Facebook to encourage a crypto startup. A local media source, ‘Stuff’ reported on Friday that multiple sponsored posts have recently been promoted on Facebook by using the likeness of the New Zealand PM with headlines such as New Investment Plan For Kiwis which were targeted at several different age groups around the country.
2018-10-12 16:30 | |
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“Funding secured. ” When Tesla founder and CEO Elon Musk tweeted the above statement early August, it kickstarted a series of things: Tesla stock jumped from about $363 to $379. The Securities and Exchange Commission launched a formal investigation into Musk — accusing him of making false and misleading statements to prop up Tesla’s value.
2018-10-11 23:00 | |
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It’s a rare thing indeed when two multinational heavyweights come out the worse in a court case. Even rarer when the settlement costs them collectively over $6bn. The business press reported earlier this week that Visa and Mastercard, along with a sprinkling of banks, would pay a class of more than 12 million merchants a […] The post Cryptocurrencies Challenge The Visa And Mastercard Duopoly appeared first on Crypto Briefing.
2018-9-21 20:50 | |
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The Finnish victim involved in the elaborate Thai Bitcoin scam has reportedly expressed satisfaction over settlement talks with two key suspects. Positive Settlement Talks Aarni Otava Saarimaa, the Finn who was duped by Thai fraudsters in a $24 million Bitcoin scam, has received a satisfactory settlement deal after negotiating with two Thai suspects.
2018-8-31 19:29 | |
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Earlier this month it was reported that OKEx exchange’s top trader had accumulated a $460 million long position on BTCUSD quarterly futures before getting liquidated. However, the liquidation did not get filled in the market which means there’s a $460 million overhang in the weekly settlement. This led to a $9 million clawback. OKEx issued […]
2018-8-8 11:57 | |
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Financial technology firm Paxos has formed a partnership with INTL FCStone Inc’s precious metals division. The department will now be using Paxos Confirmation Service — a tool built specifically for the precious metals arena — to instantly automate daily trade confirmations and reduce human error.
2018-8-9 18:15 | |
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After penning the book which inspired “The Social Network,” you may have expected Ben Mezrich’s Winklevoss interest to have waned. However, he recently wrote a new book detailing their adventures in Bitcoin, which will be available next spring.
2018-8-1 10:00 | |
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The biggest crypto exchange in the United States, Coinbase, is being sued by another crypto company that alleges that the firm infringed on its patented crypto transfer technology. The post Coinbase Faces $350M Lawsuit Over Patent Infringement From Former ICO, Veritaseum appeared first on BeInCrypto.
Coinbase is being sued by Veritaseum Capital LLC for infringing on a crypto transfer technology.
Veritaseum has officially responded to the SEC's claims it sold illegal securities and called for its funds to be unfrozen to protect investors.
The SEC is seeking to freeze the assets of Reggie Middleton, organizer of the $14.8 million Veritaseum (VERI) ICO.
Комиссия по ценным бумагам и биржам США (SEC) подала в суд на жителя Нью-Йорка и связанные с проектом Veritaseum компании, уличенные ведомством в проведении незарегистрированного ICO с признаками мошенничества.
FOMO Moments Sleepy Sunday in crypto land; Veritaseum making a move, Ravencoin flapping. It is another slow Sunday in crypto land with markets still slumbering. There has still been no movement for most of the major cryptocurrencies leaving markets at the same level around $210 billion.