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SEC ends case against Justin Sun with $10M settlement

The U.S. Securities and Exchange Commission (SEC) has concluded its case against cryptocurrency entrepreneur Justin Sun, resulting in a $10 million settlement. The SEC initially charged Sun with securities fraud and unregistered offerings related to his cryptocurrency projects, including Tron and BitTorrent. As part of the settlement, Sun did not admit to any wrongdoing. The agreement also includes provisions for Sun to pay a civil penalty and return profits from the alleged violations. This resolution marks a significant development in the ongoing regulatory scrutiny of the cryptocurrency industry.

Read the full article: Coin Telegraph

DTCC to use Chainlink to power 24/7 collateral management network

The Depository Trust & Clearing Corporation (DTCC) has announced its partnership with Chainlink to develop a 24/7 collateral management network. This initiative aims to enhance the efficiency and transparency of collateral management processes in the financial markets. By leveraging Chainlink's decentralized oracle technology, DTCC seeks to provide

Senate confirms Kevin Warsh as Federal Reserve governor, with chair vote expected

The Senate has confirmed Kevin Warsh as a governor of the Federal Reserve, a position that could influence monetary policy amid ongoing economic challenges. Warsh, a former Fed official, is expected to bring a new perspective to the board, particularly regarding interest rates and inflation. A vote for the chair

Bermuda to transition ‘key’ financial services to Stellar blockchain

Bermuda is set to transition key financial services to the Stellar blockchain, aiming to enhance efficiency and transparency in its financial sector. The initiative is part of the government's broader strategy to leverage blockchain technology for economic growth and innovation. This move is expected to improve cross-border transactions

Senate confirms Kevin Warsh to Fed board ahead of expected Chair vote

The U.S. Senate has confirmed Kevin Warsh to the Federal Reserve Board, a move that precedes an anticipated vote for the position of Chair. Warsh, a former Fed governor, is expected to influence monetary policy significantly. His confirmation comes amid ongoing discussions about interest rates and inflation management. The

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DTCC to use Chainlink to power 24/7 collateral management network

Senate confirms Kevin Warsh as Federal Reserve governor, with chair vote expected

Bermuda to transition ‘key’ financial services to Stellar blockchain

Senate confirms Kevin Warsh to Fed board ahead of expected Chair vote