A former high-ranking executive of the U.S. Securities and Exchange Commission (SEC) is calling out crypto lender Nexo’s multimillion-dollar settlement with the regulatory agency. According to a new p...
Tag: Settlement
Nexo confirms to pay a total of $45M in settlement to U.S. regulators
On 19th Jan, the security regulators of the U.S. North American Securities Administrators Association and Securities and Exchange Commission (SEC), announced that Nexo capital had to pay almost $45 mi...
Ripple CEO At Davos Clears Air Over Settlement Odds With SEC
XRP Lawsuit Update: Brad Garlinghouse, CEO of Ripple, facing charges of raising $1.3 billion from unregistered digital asset securities offering spoke about the possibility of settlement with the US S...
Walgreens Strikes $83 Million Settlement With West Virginia Over Opioid Crisis
Topline Walgreens has agreed to pay West Virginia $83 million to settle allegations the pharmacy chain contributed to the opioid crisis in the state, which has the nation’s highest overdose death rate...
Ripple CEO Optimistic of a Favorable Ruling Against SEC, Settlement Not Likely
– Advertisement – Garlinghouse doesn’t expect a settlement with SEC. Brad Garlinghouse, CEO at Ripple, has noted that he expects a final resolution of the legal battle with the U.S. SEC ...
Binance Custody Launches Off-Exchange Settlement Solution
Binance, the world’s largest cryptocurrency exchange, announced the launch of Binance Mirror, an off-exchange settlement solution for its institutional investors. Binance Mirror will enable institutio...
USDT 2022 settlement volume blows past Mastercard and Visa
Tether (USDT), the dominant stablecoin, has blown past leading payment operators, Visa and Mastercard, surpassing both in transaction volume processed. USDT blows past Mastercard and Visa According t...
Binance launches off-exchange custodial settlement platform
Binance announced on Jan. 16 the launch of a settlement platform that will allow institutional users to access exchange services while storing funds off-exchange. The new service, called Binance Mirro...
Binance Launches Off-Exchange Settlement Solution ‘Binance Mirror’ for Institutional Clients – Bitcoin News
The largest crypto-asset exchange by global trade volume, Binance, announced that its custody business has launched an off-exchange settlement solution for institutional clients. With this solution, i...
Settlement With SEC Might Include This “Agreement” per John Deaton
CryptoLaw founder and blockchain enthusiast, John Deaton, responds to a question on the chances of the judge ruling that Hinman documents should remain sealed, sparking up a potential settlement in th...
Tether Overpowers Visa and Mastercard Concerning Settlement Volume
Tether has outperformed the major credit card providers including Visa and Mastercard. The current settlement volume of Tether is $18.2 trillion. The settlement volume of Visa and Mastercard are $14.1...
Tether’s 2022 Settlement Volume Flips Visa and Mastercard
Tether USDT processed $18.2 trillion in transactions in 2022, placing it ahead of traditional payment processors like Visa and Mastercard, according to a January 14 tweet. In comparison, Mastercard an...
Lawyer Predicts No Settlement Until After Decision
Attorney John Deaton, who is proactively supporting more than 75,000 XRP investors in the legal fight between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) through an amicus brief,...
Deaton in His 2023 Predictions Says No Ripple Settlement Till After Court Ruling
– Advertisement – Deaton reiterates that he expects the SEC case against Ripple to make it to summary judgment. Attorney John Deaton has asserted that there will be no settlement in the US...
Russia’s Central Bank Gearing-Up on CBDC Settlement System
According to a local media Kommersant’s report, published on January 9th, 2022, in the first quarter, the Bank of Russia is planning to start developing a cross-border settlement model using the digit...
Schwab Is Sending Out Settlement Checks. Here’s What to Know.
Clients of Charles Schwab ‘s robo-advisor have begun receiving distribution checks from a settlement the company reached with the Securities and Exchange Commission in summer 2022. Hundreds of thousa...
CBDC Settlement System in Full Force in Russia and the EU
Central Bank Digital Currencies (CBDC) implementation continues to see new development in 2023. From Europe to Russia, all have taken significant steps to fasten the process. But at what costs? Over ...
BlockFi Claims To Pay $15M Settlement To Investor
The company’s lawyers claimed that BlockFi had repaid an investor $15 million to settle a threatened lawsuit. Lawsuit Threat Settled With $15M Bankrupt crypto lender BlockFi is attempting to repay it...
Russia to begin work on CBDC settlement system as sanctions endure
Russia’s central bank is reportedly set to begin developing a cross-border settlement system using a central bank digital currency (CBDC) amid ongoing sanctions in response to its invasion of Ukraine....
Russia Begins CBDC Settlement Mechanism While Sanctions Continue
There are continuous sanctions against Russia as a result of its invasion of Ukraine; yet, reports indicate that Russia’s central bank is about to begin building a cross-border settlement system...
Sotera Health to pay $408 million to settlement allegations in Illinois
Shares of Sotera Health Co. SHC, +102.20% soared 57% in premarket trading on Tuesday after the company said it will pay $408 million to settle more than 870 million legal cases in Illinois. Sotera own...
Keurig K-Cup settlement: Today’s the final day to join the $10 million lawsuit
If you have been making your morning cup of coffee using the popular Keurig KDP, -0.63% pods, aka K-Cups, then you may be entitled to some money. The beverage giant recently agreed to settle a class-a...
Coinbase Stock Price Jumps 12% Following $100M NYDSF Settlement
Coinbase’s stock jumped Wednesday following news that the cryptocurrency exchange had reached a $100 million settlement with the New York Department of Financial Services. Nasdaq Composite-listed COI...
Coinbase’s $100M Settlement With NY Regulator Pumps Stock 7%
Coinbase stock climbed 7% Wednesday morning following news that the exchange has agreed to settle for $100 million with New York regulators in response to anti-money laundering and compliance violatio...
Coinbase agrees to a $100M Settlement: for AML and KYC violation
Coinbase agreed to pay NYDFS a $100 M settlement. $50 M will be fine, and $50 M will go towards AML background checks. The company is alleged to have opened accounts without proper background checks...
Opioid Settlement Drags Walgreens To $3.7 Billion Loss
Walgreens Boots Alliance reported a $3.7 billion loss in its fiscal first quarter thanks to its … [+] share of a massive global settlement with other drugstore chains to settle claims its pharma...
Coinbase Reaches $100 Million Settlement with New York Regulator Over Compliance Programs
The New York Department of Financial Services said Wednesday it had reached a $100 million settlement with Coinbase over issues regarding the company’s compliance programs. Coinbase, the largest crypt...
Coinbase Agrees Settlement of $100 Million to NYSD Financial Services
Exchange News The exchange was found to be in breach of anti-money laundering laws. Coinbase must also spend $50 million on a compliance programme. An agreement has been reached between the New York S...
Coinbase agrees to $100M settlement with NY regulator
The New York State Department of Financial Services, or NYDFS, has reached an agreement with Coinbase following an investigation into the cryptocurrency exchange’s compliance program. In a Jan. 4 anno...
Coinbase Reaches $100 Million Settlement With New York Regulator
Brian Armstrong-led cryptocurrency exchange Coinbase has reached a $100 million settlement with New York’s Department of Financial Services (DFS), according to statements released by both parties. Fo...
Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations – Bitcoin News
Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan....
Coinbase (COIN) Rallies on $100 Million Settlement News
Alex Dovbnya Coinbase stock surged after exchange reached settlement with US regulators Coinbase, a publicly traded U.S.-based cryptocurrency trading exchange, has agreed to pay a $50 million penalty ...