Settlement

The post Luna Guard Moves 1.974M AVAX After SEC Settlement appeared first on Coinpedia Fintech News The Luna Foundation Guard reportedly moved a significant amount of cryptocurrency between 11:29 and 11:33 UTC+8. Specifically, 1.974 million AVAX, valued at approximately $71.2 million, was transferred to an unidentified address, “0x13…2e27.” This move has raised questions about the foundation’s financial strategies. Notably, this activity comes shortly after Terraform Labs and its co-founder Do Kwon settled a civil fraud case with the SEC.

The post LUNA Price Skyrockets Amid Terraform Labs’ Settlement with SEC appeared first on Coinpedia Fintech News Terraform Labs and its co-founder, Do Kwon, have reached a “settlement in principle” with the U.S. Securities and Exchange Commission (SEC) in a civil fraud case. The SEC previously accused Terraform and Kwon of deceiving their investors about the stability of their products, which resulted in the collapse of their $40 billion ecosystem in May 2022. A recent court filing says a conference…

The post Robinhood Nears Settlement Over 2021 Meme Stock Trading Halt appeared first on Coinpedia Fintech News Trading platform Robinhood is soon to settle a lawsuit with its investors, who claimed to have incurred damages from its 2021 halt on meme stock trading, which includes GameStop. On May 28, Robinhood’s lawyers informed a federal court in Miami that the settlement of this case is almost complete, expecting a resolution within two weeks. Blue Laine-Beveridge led the allegations against Robinhood, accusing…

The post XRP Price Prediction: Crypto Experts Say Ripple’s SEC Settlement Will Push Price To $18 appeared first on Coinpedia Fintech News Crypto experts BitBoy Crypto and Dark Defender have offered a bullish narrative for the Ripple (XRP) token. Based on their predictions, the crypto token could rise to as high as $18. However, Ripple’s (XRP) price action in the past suggests that crypto investors are better off investing in a crypto token like ETFSwap (ETFS), which will provide better…

The post NY AG Secures Record $2B Crypto Fraud Settlement with Genesis appeared first on Coinpedia Fintech News In a landmark decision, New York Attorney General Letitia James has successfully brokered a $2 billion settlement with the cryptocurrency firm Genesis Global Capital. This settlement, the largest of its kind in New York’s history, aims to compensate thousands of investors who suffered losses due to illegal practices. New Work Sees Largest Crypto Settlement The settlement with Genesis Global Capital, LLC, and…

In the ongoing legal battle, Ripple aims to protect sensitive operational details and customer privacy, awaiting a decision from the Judge. Additionally, XRP’s price action reflects a pattern of bullish and bearish fractals, with support at $0.48 and resistance at $0.56. Amid the Bitcoin price resurgence, Ripple’s native cryptocurrency XRP has given a strong bounceback in the last three days with its price trading at $0.52. The rise in XRP value mirrored a broader trend across most cryptocurrencies, driven by…

In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers.  The announcement has sparked a substantial surge in the exchange’s native token, FTT, which recorded an uptrend of 52% over the past seven days, reaching a monthly high of $2.29 during Wednesday’s early trading session. FTX Unveils Debt Repayment Strategy FTX estimates its outstanding debts to creditors to be approximately $11.2 billion, as revealed in the reorganization plan published late…

The post Mastercard And Major US Banks Collab To Test Tokenized Asset Settlement appeared first on Coinpedia Fintech News Mastercard’s disruptive collab with leading US banks to trial shared ledger technology for settling tokenized assets aims to simulate transactions in dollars improving cross-border transaction efficiency and reducing the risk of error and fraud. The assets include commercial-bank money, Treasury securities, and investment-grade debt securities. The ledger technology will recast the financial landscape. Notable participants in the trial include Citigroup Inc.,…

A top legal expert has shared an update with expected dates to watch in the Ripple versus SEC lawsuit. The industry was spooked by the recent Wells Notice to Robinhood. Marc Fagel, a legal veteran known for his expertise in securities litigation, recently provided a timeline and insights on the ongoing legal saga between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC). Fagel Dismisses Premature Conclusion of Ripple vs SEC Case Fagel’s insights are in response to…