Search Results for "settlement"
Bank of China Achieves Groundbreaking $14 Million e-CNY CBDC Settlement in Gold
The Bank of China's Shanghai branch successfully settled a $14 million e-CNY CBDC for gold, marking a significant advancement in digital currency's role in international trade.
BIS Newest Quarterly Report: What Potentials Do CBDCs and Distributed Ledger Technology Hold?
The Bank for International Settlements (BIS) has released its newest quarterly report on the changes in the payment industry, including the market impact of the recent coronavirus outbreak. Some of the trends mentioned in the report include stablecoins, tokenized securities, central bank digital currencies (CBDCs), cross-border payments, and peer-to-peer payments.
ECB Advances Digital Euro Project into Preparation Phase
The ECB's progression into the preparation phase of the digital euro project marks a pivotal step towards modernizing Europe's financial infrastructure. The digital euro, envisioned as a secure, accessible, and private means of digital payment, holds the promise of fortifying the European monetary system in the digital age.
COVID-19 Pandemic-Induced Crisis is Pushing CBDC Adoption, says Bank of Russia
Financial regulators are keeping a keen eye on central bank digital currencies (CBDCs) because they see them as silver linings.
Genesis Capital's Settlement Disrupted by Creditors
Digital currency company Genesis Capital's settlement process has been disrupted by creditors, raising concerns about the timing of the process. Genesis' parent company, Digital Currency Group (DCG), has filed a motion for mediation, citing renewed demands from creditors.
Breaking: Visa Expands Stablecoin Settlement On Solana
Visa has expanded its stablecoin settlement capabilities, incorporating the Solana blockchain and initiating pilot programs with merchant acquirers Worldpay and Nuvei. The move aims to modernize cross-border money movement by leveraging stablecoins like Circle's USDC. Visa has conducted live pilots, transferring millions of USDC between partners over Solana and Ethereum blockchain networks to settle fiat-denominated payments authorized via VisaNet. The new settlement options enable Visa to send funds on-chain to acquirers like Worldpay and Nuvei, serving various sectors.
Celsius Crypto Lender's Bankruptcy: Large Withdrawals Clawbacks
Celsius Network is imposing bankruptcy proceedings on account holders with $100,000 or more liabilities, and is taking legal action against those who withdrew large amounts pre-bankruptcy.
CoinList Settles with OFAC for $1.2 Million Over Crimea Sanctions Violations
CoinList settles with OFAC for $1.2 million over transactions for users in Crimea, promising to invest $300,000 in compliance enhancements.
Five Market Makers Nearing Worldcoin (WLD) Loan Settlement Date
The five market makers involved with Worldcoin's liquidity provision are approaching the loan settlement date of October 22. The recent on-chain activities reflect different strategies among these entities, possibly in anticipation of the settlement. The actions of these market makers could influence Worldcoin's market dynamics as the date nears.
Hydrogen Technology Corporation Settles Crypto Manipulation Lawsuit
Hydrogen Technology Corporation and its former CEO, Michael Ross Kane, have settled a lawsuit brought against them by the Securities and Exchange Commission (SEC) for alleged cryptocurrency price manipulation. The settlement requires the firm and Kane to pay $2.8 million in remedies and penalties. The SEC alleged that Kane used Hydrogen's market maker, Moonwalkers Trading Limited, to manipulate the volume and price of its ERC-20 token, Hydro (HYDRO).
Sberbank Executive Touts Blockchain for Russia
Sberbank executive Alexander Vedyakhin believes blockchain technology could help Russia solve current settlement issues, offering new capabilities for payment systems.
Italy and South Korea's Central Banks Forge a Path in CBDC Development
The Bank of Italy and the Bank of Korea have signed an MOU to collaborate on the development of Digital Currencies (CBDCs), a significant development in the digital currency sector.