The regulator went back to analyze the 2022 case and decided that it wouldn’t have been pursued under current management and practices. …
Settlement
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Finance
The Fed may open direct settlement rails to crypto firms as banks warn of liquidity risk
by shayaanby shayaanYou never see the most important part of any of your payments. When an app says your money moved, a number changes …
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Regulation
Silvergate’s Fraher breaks silence on settlement with Gensler’s SEC
by shayaanby shayaanThe former chief risk officer of Silvergate revealed she made the decision to settle with the US securities regulator in 2024 to …
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DeFi
RedStone’s settlement layer is the first serious attempt to make tokenized RWAs real DeFi collateral
by shayaanby shayaanRedStone’s new “Settle” layer is the first sober attempt to fix DeFi’s RWA paradox. RedStone has launched “RedStone Settle,” a dedicated DeFi …
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DeFi
KyberSwap Introduces Smart Settlement for Real-Time Liquidity Optimization
by shayaanby shayaanDecentralized exchange aggregator KyberSwap has rolled out a new feature called Smart Settlement, designed to automatically select the most favorable liquidity pool …
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Scams
Bittrex Wants Its $24 Million Settlement Back, Now That the SEC Is Pro-Crypto
by shayaanby shayaanIn brief Defunct exchange Bittrex is asking a federal judge to undo its 2023 settlement with the SEC. The company argues the …
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Finance
Rain adds Mastercard support as $1.95B stablecoin startup targets on-chain settlement
by shayaanby shayaanRain, a $1.95B-valued stablecoin infrastructure firm, is adding Mastercard support to extend its Visa-based model and plug on-chain settlement into legacy payment …
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Scams
Apple Agrees to $250 Million Settlement Over AI Claims—Here’s Who Can Get Paid
by shayaanby shayaanIn brief Apple has agreed to a $250 million settlement over allegedly misleading claims regarding AI services on iPhone devices. U.S. buyers …
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Markets
Brazil's central bank bans stablecoin and crypto settlement in cross-border payments
by shayaanby shayaanThe ban applies to fintechs and payment firms, closing the back-end payment rail for cross-border flows, but individual crypto investors can still …
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Regulation
KuCoin Agrees to $500,000 Settlement Over Unregistered US Operations
by shayaanby shayaanThe US District Court for the Southern District of New York has entered a consent order against the company that’s operating the …