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Mango Markets, the Solana-based decentralized finance (defi) platform that lost more than $110 million in 2022, is currently holding a vote on a proposed settlement with the U.S. Securities and Exchange Commission (SEC) over alleged securities violations. Should the proposal pass, it could result in a settlement involving a financial penalty and the end of … Read more
Binance, one of the largest cryptocurrency exchanges in the world, has settled an administrative procedure with the CVM, the securities regulator of Brazil. The exchange proposed to pay 9.6 million Brazilian reais (approximately $1.75 million) to resolve a case involving the irregular offering of derivatives, including futures contracts and options, dating back to 2022. Binance … Read more
The Ideanomics case exemplifies the potential consequences of misleading financial practices and reinforces the need for rigorous compliance with federal securities laws. Go to Source
The BOE is considering applying DLT to its existing settlement system and introducing a wCBDC. Go to Source
On July 25, 2024, Slovenia issued its first digital bond, marking a significant milestone as the first EU sovereign and one of the earliest worldwide to do so. The bond issuance occurred under the European Central Bank’s (ECB) wholesale central bank money settlement experimentation program. The settlement was executed on-chain in wholesale central bank digital … Read more
The trial was part of an initiative set up by the European Central Bank to identify how blockchains can facilitate central bank money settlement. Go to Source
Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts its operations within these states. Abra Reaches Settlement Over Unlicensed Operations, Agrees to Major Concessions According to a report from … Read more
A New York district court judge has rubber-stamped Terraform Labs and Do Kwon’s nearly $4.5 billion settlement with the SEC. Go to Source
Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project’s now-defunct algorithmic stablecoin. According to a court filing, the settlement terms are currently undisclosed and the alleged … Read more
Rob Gronkowski, Victor Oladipo, and Landon Cassill have agreed to settle with plaintiffs in their ongoing case against Voyager Digital. Go to Source
