Facing charges from the SEC over its crypto lending practices, Genesis has agreed to a $ 21 million settlement. This move aims to close a chapter of legal challenges following the company’s bankruptcy filing last year amid a wider crypto market collapse. Genesis Strikes $ 21 Million Deal With SEC to Resolve Lawsuit …
According to the New York State Department of Financial Services (DFS), Genesis Global Trading has agreed to a settlement fine of $ 8 million and will forfeit its New York state Bitlicense as part of the agreement over compliance failures. Adrienne Harris, the DFS Superintendent said Genesis displayed a “demonstrated a disregard for the …
The Swiss city of Basel recently settled a series of tokenized bonds using a wholesale central bank digital currency (WCBDC) as part of Helvetia III, a WCBDC pilot program. The system is designed to prioritize efficiency, as having on-chain funds bypasses the need for reconciling transactions with a private bank account. Basel Issues Tokenized Bonds […]
Greenidge Generation Holdings has successfully wiped out $ 21.8 million in secured debt and divested its South Carolina bitcoin mining facility to NYDIG. The firm detailed that the move enhances Greenidge’s financial stability and liquidity. Greenidge Generation Holdings Clears $ 21.8 Million Debt, Sells Mining Site to NYDIG On Wednesday, Greenidge finalized the …
JPMorgan announced that it is registering transactions for $ 1 billion daily using its own currency, jpm coin. JPMorgan Global Head of Payments Takis Georgakopoulos added that while these movements are denominated in U.S. dollars mostly, the institution is seeking to expand on that in the future. JPMorgan’s JPM Coin Sees $ 1 …