FTX, Genesis reach in-principle agreement to settle bankruptcy case
FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement.
Čítaj viacpodľa Cointelegraph By Martin Young | júl 28, 2023 | 0 |
FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement.
Čítaj viacpodľa Cointelegraph By Brayden Lindrea | júl 18, 2023 | 0 |
Several top banks around the world are already collaborating with Chainlink to explore applications for the Cross-Chain Interoperability Protocol.
Čítaj viacpodľa Cointelegraph By Brayden Lindrea | júl 12, 2023 | 0 |
In January, lawyer John Deaton persuaded the Judge in the SEC vs LBRY case that secondary LBC token sales don’t constitute a securities offering.
Čítaj viacpodľa Cointelegraph By Jesse Coghlan | máj 18, 2023 | 0 |
The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain.
Čítaj viacpodľa Cointelegraph By Brayden Lindrea | apr 19, 2023 | 0 |
The lawmaker said the regulation will need to be both “pragmatic” and “proportionate” to ensure economic growth is maximized.
Čítaj viacpodľa Cointelegraph By Luke Huigsloot | mar 24, 2023 | 0 |
ARK Invest purchased 269,928 shares in Coinbase on March 23, only two days after it sold $13.5 million, its first sale of Coinbase shares this year.
Čítaj viacpodľa Cointelegraph By Luke Huigsloot | mar 23, 2023 | 0 |
Brian Armstrong made the interesting analogy when asked to explain the firm’s recent “Wells Notice” in “NFL terms.”
Čítaj viacpodľa Cointelegraph By Erhan Kahraman | jan 13, 2022 | 0 |
Switzerland took another step to clarify the roadmap for integrating central bank digital currencies (CBDC) into the current financial system. The Swiss National Bank (SNB), the country’s central bank, completed the second phase of Project Helvetia with its partners by integrating wholesale CBDC into the existing back-office systems and processes of five banks, namely Citi, Credit Suisse, Goldman Sachs, Hypothekarbank Lenzburg and UBS.The Bank for International Settlements and Swiss financial infrastructure service provider SIX joined as partners of SNB in Project Helvetia Phase II, which took place during the fourth quarter of 2021. Envisioned as a multi-phase investigation on the settlement of tokenized assets in central bank money, Project Helvetia aims to get central banks ready for a future where DLT-based tokenized financial assets are the norm. The project focuses on solving operational, legal and policy-related issues on settlements. The official announcement states that the lack of an existing systemic DLT-based platform doesn’t mean there won’t be such platforms in the future.Switzerland was an ideal country to proceed with the experiment since issuing a wholesale CBDC, which is specifically used to settle interbank transfers and related wholesale transactions, on a distributed DLT platform operated and owned by a private company is possible under the law. Related: Pakistan’s central bank reportedly wants to ban crypto The second phase of Project Helvetia explored the settlement of interbank, monetary policy and cross-border transactions on the test systems of SIX Digital Exchange (SDX), the Swiss real-time gross settlement system — SIX Interbank Clearing (SIC) — and core banking systems, according to the announcement.“To continue fulfilling their mandates of ensuring monetary and financial stability, central banks need to stay on top of technological change,” noted SNB governing board member Andréa M. Maechler. She continued:“Project Helvetia is a prime example of how to achieve this. It allowed the SNB to deepen its understanding of how the safety of central bank money could be extended to tokenized asset markets.”The first phase of Project Helvetia took place in December 2020 and focused on issuing a wholesale CBDC.
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