Former bitcoin miner Hut 8 (HUT) agreed to pay $2.35 million to settle a securities class action alleging it misled investors in …
Settle
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Finance
Solana exec says ‘big banks’ are already preparing to settle in stablecoins
by shayaanby shayaanEvery time you send money internationally, it quietly bounces through a chain of intermediary banks before reaching its destination. This system is …
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Markets
Western Union eyeing stablecoin launch to settle global transactions without SWIFT, CEO says
by shayaanby shayaanThe 175-year-old money-transfer firm also plans to issue a stablecoin-linked card for payments and cash-out options from crypto to local currencies, CEO …
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Smart Contracts
SEC Moves to Settle Justin Sun Case With $10M Penalty for BitTorrent Owner
by shayaanby shayaanIn short The settlement would require Rainberry, the company behind BitTorrent, to pay a $10 million civil penalty. The SEC would dismiss …
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FTX users and Fenwick & West have reached a proposed settlement over a 2023 lawsuit alleging the law firm helped carry out …
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Regulation
White House sets February deadline to settle $6.6 trillion fight between Coinbase and banks
by shayaanby shayaanThe White House’s end-of-February deadline for banks and crypto firms to resolve the “stablecoin yield” debate exposes a structural fault line that …
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Regulation
Apple To Pay $95,000,000 To Settle Class Action Lawsuit Accusing Tech Giant of Spying on Users, Sharing Data Without Consent
by shayaanby shayaanApple is preparing to pay $95 million to settle a five-year-old lawsuit that alleges the iPhone maker infringed on the privacy of …
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Markets
DCG, Former Genesis CEO to Pay SEC $38.5M to Settle Securities Fraud Charges
by shayaanby shayaanDigital Currency Group (DCG) and Soichoro “Michael” Moro, the former CEO of its now-defunct Genesis subsidiary, have agreed to pay a combined …
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Smart Contracts
Digital Currency Group Agrees to Settle SEC Charges for $38 Million
by shayaanby shayaanDigital Currency Group will pay $38 million to settle SEC charges filed over the crypto firm’s bankrupt Genesis Global Capital lending unit. …
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Regulation
Robinhood pays $45M to settle SEC violations over reporting and cybersecurity missteps
by shayaanby shayaanRobinhood has agreed to pay $45 million in civil penalties to settle charges of securities law violations. According to a Jan. 13 …