Mt. Gox delays Bitcoin repayments again as creditors await full settlement
Mt. Gox extends Bitcoin repayment deadline to Oct 2026 amid ongoing administrative hurdles. Once the top Bitcoin exchange, Mt. Gox’s collapse in 2014 led to the loss of 850,000 BTC.…
Western Union is piloting a stablecoin-based settlement system for global remittances
Western Union is testing stablecoin settlements for faster remittances. The GENIUS Act in the United States has boosted confidence in blockchain-based payment systems. The company plans on/off-ramp partnerships to link…
Why XRP price has failed to breakout despite SEC settlement
Ripple CTO posts Monty Python GIF after settlement. XRP case centred on security classification. Traders adopt the “buy the rumour, sell the news” approach. Ripple’s legal battle with the US…
Ripple case may be delayed as SEC, Ripple seek to finalise $50 million settlement
Judge Torres rejected the earlier motion in May, citing a lack of “exceptional circumstances.” The SEC filed a new status report on 16 June requesting a hold on appellate proceedings.…
Caroline Ellison to forfeit assets in FTX’s settlement proposal
FTX seeks court approval for Caroline Ellison to forfeit nearly all her assets. Ellison has agreed to cooperate with investigations into FTX and Sam Bankman-Fried. A hearing for the proposed…
Mango Markets DAO proposes to offer the US SEC a settlement deal
Mango Markets DAO proposes a $223,228 SEC settlement. The proposal aims to resolve SEC charges after a $110M exploit in October 2022. Mango DAO will destroy MNGO tokens, cease US…
Terraform Labs to shut down following the SEC settlement
Current CEO Chris Amani announced that Terraform Labs will wind down. Terraform Labs will sell its remaining assets to various digital asset management firms. More information about Terraform Labs’ dissolution…
Terraform Labs agrees $4.5 billion settlement with SEC
Terraform Labs is to pay $4.47 billion to settle with the US Securities and Exchange Commission (SEC). The SEC sued Terraform Labs and its former CEO Do Kwon after the…
What Is Zeebu: B2B Payments and Settlement Platform For Telecoms
What Is Zeebu Zeebu is a blockchain-powered payment ecosystem tailored for the telecom carriers industry, where payments are made using the ZBU tokens, and users earn loyalty rewards for transac...
Genesis agrees to $21M SEC settlement over Gemini Earn
Genesis settles $21M SEC penalty, permanent injunction for Gemini Earn violations. SEC Chair Gensler emphasizes crypto compliance with securities laws. Genesis authorized to sell $1.6B GBTC assets. Genesis Global Capital…