Settlement
BlockFi Will Register Its Lending Product With SEC as Part of $100M Settlement
Crypto lender BlockFi will move forward with registering its high-yield crypto-lending product with the agency as part of its $100 million settlement deal with the U.S. Securities and Exchange Commission (SEC). "How are we actually promoting innovation?" Jenn Sanasie asks, adding that companies receive no protections from the government agency. Plus, "The Hash" team discusses SEC Commissioner Hester Peirce's response.
SEC Settles With Media Companies for $539M Over Alleged Illegal Digital-Asset, Stock Offerings
The SEC estimated thousands of investors purchased GTV stock and digital assets dubbed G-Coins or G-Dollars.
Bank of France, Swiss National Bank Begin Cross-Border CBDC Experiment
The banks will experiment with cross-border settlements of two wholesale CBDCs and a French digital financial instrument on a distributed ledger technology platform.
Bank of America Joins Paxos Network Eyeing Same-Day Stock Trade Settlement
The Paxos Settlement Service uses blockchain technology to speed up the process of completing transactions.
These Two Firms Want to Upgrade Crypto Infrastructure for Banks and Exchanges
Custody tech provider METACO and forex trading platform Cobalt want 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 on 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 seeks a faster, more transparent clearing system and 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.
