Bittrex, SEC Reach Settlement In Securities Violation Case
Another crypto firm, Bittrex, bites the dust in the SEC’s continued clampdown on major players in the crypto industry amidst regulatory uncertainty.
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Settlement
Crypto Exchange Bittrex Reaches Settlement With SEC; Agrees to Pay $24M Fine
"Defendants agree that, as to Bittrex, the terms of the settlement reflected in this Consent and in the Judgment are subject to approval by the Bankruptcy Court in the Bankruptcy Case and shall be treated as an allowed, unsecured claim under the terms of any Plan filed by Bittrex in
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SEC announces $24M settlement for case against Bittrex and its former CEO
The United States Securities and Exchange Commission (SEC) has announced an agreement with crypto trading platform Bittrex and co-founder and former CEO William Shihara for operating an unregistered exchange.In an Aug. 10 notice, the SEC said Bittrex and Bittrex Global agreed to pay $14.4 million in disgorgement, $4 million in
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EOS Network Foundation urges community to reject $22 million settlement offer
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied As the deadline approaches for the decision to opt out of the existing $22 million settlement with Block.one (B1), the company responsible for the initial sale of EOS in a $4 billion initial coin offering (ICO)
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Judge orders Ripple and SEC to schedule possible settlement conference
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Judge Sarah Netburn has ordered Ripple Labs and the United States Securities and Exchange Commission (SEC) to agree on three mutually convenient dates for a potential settlement conference days after she ruled that XRP is not
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Celsius Reorganization Not Affected by $4.7B Settlement With U.S., Bankrupt Crypto Lender Says
The company "continues to pursue a successful Chapter 11 Plan," Celsius said in a statement attached to a Thursday court filing. "Celsius' Special Committee and senior leadership remain committed to ongoing cooperation with regulators and government bodies as the Company remains focused on maximizing value for stakeholders." Original Source
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Zero-Knowledge Rollup ZKM Sets Out to Make Ethereum 'Universal Settlement Layer'
With funding from the foundation that oversees development of the Metis layer-2 Ethereum protocol, ZKM is developing a hybrid approach that combines Optmistic and Zero-Knowledge rollups into one. Source
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CFTC orders two Florida men to pay $5.4m in bitcoin fraud settlement
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On Thursday, July 6, two men from Florida, the United States, were charged with running a bitcoin scheme worth millions of dollars. They have since settled with the Commodity Futures Trading Commission (CFTC) by agreeing to
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ECB Set to Launch CBDC Market Settlement Trials by 2024
As research continues into a possible digital euro, the ECB plans to begin trials that settle transactions using a CBDC. The European Central Bank will begin trials on market transaction settlements using distributed ledger technology (DLT) via a central bank digital currency (CBDC). The ECB’s readiness to begin the CBDC
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ECB to Start Exploring DLT for Wholesale CBDC Settlement in 2024
The central bank is looking at how it can innovate in settling transactions between financial institutions for securities or foreign exchange, while also developing plans for a retail central bank digital currency (CBDC), the digital euro, that could be used by EU citizens. Source
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