settlement

Southeast Asia’s Largest Bank DBS Says Trading Volumes on Its Cryptocurrency Exchange Have Increased 10 Times

<div class=”featured_image_container”> </div> <strong>DBS, Southeast Asia’s largest bank, says that cryptocurrency trading volumes on its exchange have grown 10 times to around $30 million to $40 million. The bank is also collaborating with JPMorgan on a blockchain settlement platform and plans to launch its first security token offering in the second quarter, its CEO has …

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These Two Firms Want to Upgrade Crypto Infrastructure for Banks and Exchanges

Announced Tuesday, METACO and Cobalt are launching a software-as-a-service (SaaS) offering that covers the full gamut of institutional trading requirements for digital assets. In short, it brings a combination of bank-grade custody and post-trade settlement to crypto.  “There is very little institutional-grade infrastructure within digital, in fact, I’m gobsmacked at how little there is,” said …

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Legal Battle Between Bitmain Co-Founders Appears to End With Micree Zhan Taking Control of the Company

<div class=”featured_image_container”> </div> <strong>The long-lasting legal battle between co-founders of China-based Bitmain seems to have seen the light at the end of the tunnel after both parties agreed to reach an agreement.</strong> Legal Tussle Between Bitmain Co-Founders Reportedly Ended With a $600 Million Compensation for Jihan Wu According to Chinese media outlets, citing local crypto …

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T-Mobile will pay $200 million to settle Sprint’s alleged Lifeline abuse

Alex Tai/SOPA Images/LightRocket via Getty Images T-Mobile is paying the price for the reported misdeeds of its recent acquisition. The carrier has agreed to pay a $200 million settlement over FCC allegations Sprint abused the Lifeline program for low-income communications, claiming subsidies for 885,000 customers that weren’t using the initiative. The agreement also requires that …

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Sacklers—who made $11 billion off opioid crisis—to pay $225 million in damages

Enlarge / PURDUE PHARMA, STAMFORD, Conn. – 2019/09/12: Members of P.A.I.N. (Prescription Addiction Intervention Now) and Truth Pharm staged a protest on September 12, 2019, outside Purdue Pharma headquarters in Stamford, over their recent controversial opioid settlement. Getty | Erik McGregor The infamous megarich Sackler family will pay $235 million in civil penalties as part …

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$16B Worth of Dollar-Pegged Cryptos: Stablecoins Add $100M a Day Since Mid-July

Stablecoins have been gathering a lot of steam and settling massive value in recent months. Moreover, on Thursday, Coin Metrics’ executive Nic Carter mentioned on Twitter that “stablecoins have been adding $100 [million per day] since mid-July. While a number of dollar-pegged stablecoins have seen demand, the longstanding tether is still capturing most of the …

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Vietnam’s HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates

HDBank has signed up to a blockchain network from Contour with the aim of bringing trade finance into the digital realm. The Vietnam-based bank is the latest financial institution to join Contour’s network with a view to streamlining the issuance of letters of credit with the use of a blockchain and smart contracts, local media …

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