Wells Fargo has partnered with HSBC to use its blockchain tools for the settlement of bilateral foreign exchange (FX) transactions.Wells Fargo would use the HSBC-developed FX Everywhere platform for interbank FX transactions. Developed by HSBC in 2018, the blockchain settlement platform is primarily used to settle transactions between banks within the HSBC group. The latest … [Read more...] about Wells Fargo partners with HSBC to settle FX transactions using blockchain
Settle
Wells Fargo, HSBC to Settle Forex Transactions Using Blockchain
Wells Fargo and HSBC Bank said on Monday that they will use a blockchain-based product for settling matched foreign exchange transactions.The two banking giants agreed to use a shared settlement ledger to process U.S. dollar, Canadian dollar, pound and euro transactions, with plans to expand the process to other currencies in the future.The announcement comes as other major … [Read more...] about Wells Fargo, HSBC to Settle Forex Transactions Using Blockchain
Argo, Celsius End Mining-Services Pact as They Settle US Court Case
BusinessArgo will pay $6.3 million to cover its outstanding bill, and Celsius will give an unspecified amount of bitcoin to the miner.By Sheldon RebackDec 8, 2021 at 10:26 a.m. UTCUpdated Dec 8, 2021 at 10:26 a.m. UTCCrypto mining machines. (Mark Agnor/Shutterstock) Source link … [Read more...] about Argo, Celsius End Mining-Services Pact as They Settle US Court Case
Odds are the SEC will opt to settle Ripple lawsuit before reaching trial
The Securities and Exchange Commission (SEC) vs. Ripple lawsuit is currently in the pre-trial phase. The purpose is for each party to investigate the facts of the case by obtaining evidence from the opposing party and others through discovery devices.According to Attorney Jeremy Hogan, due to resource pressures, only a small percentage of cases ever reach trial. This suggests … [Read more...] about Odds are the SEC will opt to settle Ripple lawsuit before reaching trial