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New York-regulated crypto startup Paxos, in conjunction with Credit Suisse and Nomura-owned broker-dealer Instinet, has claimed bragging rights for the first live blockchain-based settlement of U.S. equities. Announced Wednesday, the Paxos Settlement Service has gone live, allowing for the simultaneous exchange of cash and a select number of U.S.-listed securities on
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CoinDesk Head of Research Noelle Acheson joins the Amun State of Crypto crew to discuss the advantages, disadvantages and eccentricities of crypto markets, exchanges, settlement and more.In this deep-dive conversation, the group discusses the differences in the market microstructure between the crypto asset industry and traditional capital markets. The guests
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Arwen, a non-custodial settlement protocol developer, has raised $3.3 million in a funding round including Meltem Demirors at CoinShares and Jill Carlson at Slow Ventures.According to Arwen CEO and co-founder Sharon Goldberg, Slow Ventures led the round, which also included Collaborative Fund, Underscore VC and DG Lab Fund.The funding will
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An update from the courtroom shows that Venkata S. Meenavalli, the CEO of the embattled crypto firm Longfin, has finally yielded to paying a disgorgement fine of $400,000.The case filed against the supposed cryptocurrency firm last year by the SEC at the US district court for the southern district of
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The U.S. Securities and Exchange Commission (SEC) has reached a settlement with fintech firm Longfin’s CEO, Venkata S. Meenavalli, on charges of fraud.According to an SEC press release Friday, Meenavalli has agreed to pay $400,000 in both disgorgement and penalties related to a 2017 Regulation A+ offering the SEC deemed
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Bitcoin (BTC) is statistically likely to gain in the coming week as a new futures expiration event comes and goes, according to new data. Compiled by trader an analyst Luke Martin on Nov. 25, figures charting Bitcoin price performance before and after each expiration show that overall, higher levels appear
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Gladius started to sell its GLA tokens in exchange for ether in October 2017, and aimed to incentivize people to use its network. The firm raised nearly 24,000 ETH when it completed the token sale in December that year, according to a press release from the SEC. Source
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New York-based fintech provider Tassat is partnering with digital asset market maker Blockfills to launch an institutional Trade at Settlement (TAS) product for spot Bitcoin (XBT/USD).According to a Nov. 18 report by Hedgeweek, Blockfills — which specializes in digital asset electronic market making, trading and prime brokerage — will
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In early September, the high-profile court case Kleiman v. Wright looked as though it was coming to an end as the two parties reached a non-binding settlement. Then on October
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Paxos Trust Company announced today that it is set to introduce its Paxos Settlement Service for a number of United States-listed equity securities.In an Oct. 28 press release, digital asset trust company Paxos stated that it is moving forward with the launch of its blockchain-based settlement platform, having received
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