Settlement

Bitwise Asset Management has registered a trust entity in Delaware, potentially signaling plans to file for a spot XRP ETF despite existing regulatory hurdles with the SEC. Bitwise Registers Trust Entity Bitwise Asset Management has taken a significant step toward launching a spot XRP exchange-traded fund (ETF) by registering a trust entity in Delaware. This move, confirmed by the company’s CEO Matthew Hougan, has garnered attention as it could signal the company’s intent to file for an XRP ETF in…

Solana-based decentralized exchange (DEX) Mango Markets is in the midst of navigating legal challenges as it considers a $500,000 settlement with the United States Commodity Futures Trading Commission (CFTC).  The potential settlement follows a series of investigations launched after the exchange suffered a massive hack in 2022. CFTC Investigation and Settlement Proposal Mango Markets, a prominent DEX in the crypto space, is currently under investigation by the CFTC. According to a Sept. 22 legal proposal submitted to Mango DAO, the…

Prager Metis CPAs has settled with the SEC for $1.95 million over allegations of audit negligence and violations of auditor independence rules in its audits of crypto exchange FTX. Settlement Details and Background FTX's auditor, Prager Metis CPAs, has agreed to a $1.95 million settlement with the U.S. Securities and Exchange Commission (SEC). This settlement comes after allegations of misconduct during the former’s audits of the crypto exchange FTX from February 2021 to April 2022. The SEC's investigation found evidence…

Uniswap (UNI) has made waves in the cryptocurrency world after a recent settlement that has allowed the decentralized exchange to secure a spot among the top three altcoins. Joining Mpeppe (MPEPE) and Aave (AAVE), Uniswap (UNI)’s newfound momentum is capturing the attention of investors across the crypto sphere. Let’s dive into why these three altcoins are making headlines and why they should be on every investor’s radar. Uniswap (UNI)’s Recent Victory: A Game-Changer for Decentralized Exchanges Uniswap (UNI), a trailblazer…

Infamous crypto exchange FTX has cleared a major hurdle in its bankruptcy proceedings by reaching a $14 million settlement with Emergent Technologies, resolving a dispute over $600 million in Robinhood shares. Terms Of Settlement FTX, the bankrupt cryptocurrency exchange, has settled a significant dispute over $600 million worth of Robinhood shares with Emergent Technologies. This development, outlined in a motion filed by FTX CEO John Ray III in the Delaware Bankruptcy Court on September 6, resolves one of the many…

Abra has settled with the SEC over charges related to the unregistered sale of securities through its crypto lending product, Abra Earn, and related violations by its parent company, Plutus Lending LLC. SEC's Allegations and Settlement In a significant regulatory development, crypto lending firm Abra has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC) for operating its crypto asset lending product, Abra Earn, without proper registration.  The SEC’s charges stemmed from Abra’s operation of its yield-generating…

The post XRP Price Prediction: Evaluating Ripple’s Market Position After SEC Settlement appeared first on Coinpedia Fintech News Amid the ongoing crypto rebound led by Bitcoin (BTC), which rallied above $60k again today, Ripple Labs-backed XRP price signaled the onset of a macro bullish outlook. The large-cap altcoin, with a fully diluted valuation of about $60 billion and a daily average traded volume of nearly $2 billion, pumped 7.4 percent in the past 24 hours to trade around $0.608 on…

The post XRP Price Jumps 8% Amid SEC Settlement Optimism, Experts Recommend Capitalizing on Guaranteed 1300% Profit from This New Coin appeared first on Coinpedia Fintech News Ripple’s XRP has been making headlines recently due to its ongoing case against the U.S. Securities and Exchange Commission (SEC), reaching a critical juncture. The asset has surged 8% in the last 24 hours as the likelihood of a settlement increases. Meanwhile, market watchers have identified another undervalued asset within the meme coin…

The post XRP Breaks Out as Aura Around Settlement With SEC Emerges: Here’s What’s Next for the Ripple Price Rally! appeared first on Coinpedia Fintech News Some of the tokens which were seen as dead have again shaken the entire crypto markets. The XRP price has triggered a strong upswing ever since the rounds of a probable settlement with the SEC have circulated within the markets. The token has surged by an 8% upswing since the previous trading day and…