Global payments provider Visa (V) is expanding its stablecoin settlement platform to new blockchains and stablecoins, the company announced on Thursday. The firm will now support two dollar-pegged tokens, PayPal USD (PYUSD) and Global Dollar (USDG), through a partnership with Paxos. It is also adding the euro-backed EURC, issued by Circle Internet (CRCL), giving partners … Read more
A US judge on Thursday approved Apple’s $50 million (roughly Rs. 412 crore) class-action settlement resolving consumer claims over certain defective MacBook keyboards, in a ruling that spurned challenges to the deal. US District Judge Edward Davila in San Jose, California, federal court in his ruling called the settlement “fair, adequate and reasonable.” Eleven consumers … Read more
The United States and Microsoft reached a settlement on Thursday over the tech firm’s apparent violations of sanctions and export controls, which it disclosed voluntarily, the government and the company said. Microsoft has agreed to remit about $3 million (roughly Rs. 24 crore) to settle its potential civil liability for more than 1,300 apparent sanctions … Read more
Retail trading platform eToro will stop offering nearly all cryptocurrencies to its customers as part of a settlement with the US Securities and Exchange Commission, the regulator said on Thursday. eToro also agreed to pay a penalty of $1.5 million (roughly Rs. 12.5 crore) to settle charges that it operated as an unregistered broker and … Read more
The OKX crypto exchange has pleaded guilty to operating an unlicensed money transmission business in the US. On February 25, OKX announced a $505 million (roughly Rs. 4,400 crore) settlement with the US Department of Justice (DoJ). The news was shared by its parent company, Aux Cayes FinTech Co. Ltd., which emphasised that no customer … Read more
There are no “substantive” settlement discussions under way between US President Joe Biden’s administration and Microsoft to resolve a legal dispute over the Xbox maker’s $69 billion (roughly Rs. 5,71,900 crore) bid for games maker Activision Blizzard, a Federal Trade Commission attorney said on Tuesday. The FTC, which enforces antitrust law, asked a judge to block the transaction … Read more
The European Central Bank (ECB) Governing Council has approved research efforts that will use central bank money to settle distributed ledger technology (DLT) transactions, as the body looks to make its payment systems more efficient. One short term approach is called “Pontes” which will link DLT platforms with Eurosystem TARGET services that ensure the flow … Read more