Brian Armstrong made the interesting analogy when asked to explain the firm’s recent “Wells Notice” in “NFL terms.”
Crypto regulation decided by Congress, not the SEC: Blockchain Association
The group’s policy head doubted a divided Congress can create crypto legislation but said it doesn’t give regulators absolute authority in the interim.
Nexo shutters US Earn product a month after settling with regulators
The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators.
‘Agent of an anti-crypto agenda’ — Community slams Gensler over Kraken crackdown
SEC’s recent charges against crypto exchange Kraken over its staking program have sent tremors through the crypto industry.
‘Kraken Down’ — SEC commissioner rebukes own agency over recent action
“Today, the SEC shut down Kraken’s staking program and counted it as a win for investors. I disagree and therefore dissent,” said commissioner Hester Pierce.
Ripple CEO: XRP lawsuit resolved by June, SEC conduct ’embarrassing’
Ripple CEO Brad Garlinghouse said the firm’s XRP lawsuit could come to an end within “single-digit months.”
Swiss central bank tests wholesale CBDC with commercial partners
The Swiss National Bank integrated wholesale CBDC in banking systems with five commercial banks as part of the second phase of Project Helvetia.
These Two Firms Want to Upgrade Crypto Infrastructure for Banks and Exchanges
Custody tech provider METACO and forex trading platform Cobalt have teamed up in a bid to rewire the financial system to handle cryptocurrency.
Chase Bank to Refund 95% of $2.5M It Allegedly Overcharged Crypto Buyers
The JPMorgan subsidiary has agreed to repay most of $2.5 million it took in credit card fees for cryptocurrency purchases.
Vietnam’s HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates
The bank has signed up to a blockchain-based trade finance network from Contour with the aim of bringing corporate settlements into the digital realm.
Argentina’s Central Bank Trials Blockchain for New Interbank Settlement Layer
The trial for a faster, more transparent clearing system involves some of the country’s largest banks.
Legacy Trust’s Crypto Spin-Off Receives $3M to Roll Out Asian Settlement Platform
First Digital Trust has won backing from Taiwan-based Nogle for its upcoming Asia-focused crypto settlement solution for institutions.
New Settlement Layer to Offer Asian Crypto Institutions Local Alternative to Silvergate Bank
The new settlement layer is intended save Asian institutional traders from taking the “scenic route” via U.S. banking regulations.
Jill Carlson, Meltem Demirors Back $3.3M Round for Non-Custodial Settlement Protocol Arwen
The funding will help the Boston-based startup expand its non-custodial settlement system, potentially to institutional players.
Few Banks Will Touch Crypto Firms, But Silvergate Wants to Touch Bitcoin Itself
Silvergate made its name providing fiat banking services for crypto businesses. Now CEO Alan Lane wants the bank to handle digital assets themselves.
Blockchain of Things Pays SEC $250,000 to Settle Unregistered ICO
Internet startup Blockchain of Things has agreed to pay $250,000 to settle with the SEC over its $13 million ICO.
SEC in Settlement Talks With ‘Fraudulent’ ICO Organizer Reg Middleton
Middleton organized the unregistered $14.8 million Veritaseum (VERI) initial coin offering, and is further accused of market manipulation post-ICO.
Acquisition Marks Broadridge Financial’s First Foray Into Crypto Services
Broadridge Financial Solutions has bought a startup offering products that serve the cryptocurrency and crypto derivative space.
Wells Fargo to Pilot Dollar-Linked Stablecoin for Internal Settlement
U.S.-based financial giant Wells Fargo is developing a digital dollar that will run on the firm’s first blockchain platform.
ASX’s In-the-Works DLT Settlement System ‘on Track,’ Says Yearly Report
The Australian Securities Exchange has released its 2019 financial report, offering insight into its upcoming distributed ledger settlement system.