Settlement
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Poloniex Pays $7.6M Settlement for Violating US Sanctions
According to reports, the Office of Foreign Assets Control (OFAC) of the US Treasury Department announced on Monday that a settlement has been reached with the cryptocurrency excha
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Cryptocurrency Investment Company Paradigm Argues That SEC’s Disclosure Framework is Not Suitable for Cryptocurrency Market
According to reports, cryptocurrency investment company Paradigm stated that the current SEC disclosure framework is \”not suitable\” for the cryptocurrency market. The difference be
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Fractal Raises $6 Million for Transparent Digital Asset Clearing and Settlement Platform
According to reports, encryption startup Fractal announced a fundraising of $6 million on Monday. At present, it is establishing a platform to promote more transparent clearing and
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Coinbase Product Manager and Brother May Settle Insider Trading Charges
On April 5th, it was reported that former Coinbase product manager Ishan Wahi and his brother Nikhil Wahi may reach a settlement on charges such as insider trading based on their c
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Bybit Launches USDC Settlement Futures Contract for BTC and ETH
On March 22, according to an official announcement, Bybit announced the launch of the USDC futures contract. BTC and ETH USDC settlement futures contracts can now be traded on the
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Circle CEO assures safety of deposits and USDC reserves after Signature Bank closure
On March 13, Jeremy Allaire, co-founder and CEO of Circle, tweeted that Circle’s deposit in SVB was 100% safe and would open tomorrow. USDC reserves are also 100% safe. Circle will complete the transfer of the remaining SVB cash to BNYMellon, and USDC’s liquidity operation will resume when the bank opens tomorrow morning. Jeremy Allaire also said that after the closure of Signature Bank, it would not be able to process and redeem the USDC through SigNet, and Circle would rely on New York Mellon Bank for settlement. Circle co-creation: Circle will rely on New York Mellon Bank for settlement Analysis based on this information:Circle co-founder and CEO, Jeremy Allaire, recently took to Twitter to reassure customers that their deposits in SVB were completely safe and would be available the following day. This announcement came after the closure of Signature Bank, which had been processing and redeeming USDC through SigNet. Allaire noted that Circle would transition to using New York…
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Circle’s Partnership with Cross River Bank to Improve USDC Circulation
It is reported that the operation of stable currency issuer Circle: USDC will establish a new settlement agreement through Cross River Bank to provide customers with automatic USDC casting and redemption, effective from March 13, 2023. Circle: The operation of USDC will establish a new settlement agreement through Cross River Bank Analysis based on this information:Circle, a stable currency issuer, has announced its partnership with Cross River Bank to enhance the circulation of its USD-based stablecoin, USDC. According to the report, the new settlement agreement will offer customers automatic USDC casting and redemption, starting from March 13, 2023. This move will have a significant impact on the accessibility and ease of use of USDC, ultimately benefiting the overall ecosystem of decentralized finance. The three keywords that describe this message are stablecoin, settlement, and partnership. Firstly, this message highlights the growing importance of stablecoins in the decentralized finance world. Stablecoins are cryptocurrencies that are pegged to stable assets like fiat currencies,…
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Cathedra Bitcoin Converts Bond Principal into Common Shares
On February 22, the Bitcoin mining company Cathedra Bitcoin Inc. announced that the company\’s board of directors had approved the settlement of the principal o…
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Potential Impact of SEC Lawsuit Against Paxos on Stable Currency Market
On February 20, it was reported that if the United States Securities and Exchange Commission formally filed a lawsuit against Paxos, it would have a significan…
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Paul Pierce Settles with SEC over Cryptocurrency Misconduct
It is reported that the former NBA player Paul Pierce reached a settlement with the United States Securities and Exchange Commission on the case of selling cry…