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Etikett: Agrees

Silvergate Agrees to $68M Settlement in Regulatory Compliance Investigation

Silvergate Agrees to $68M Settlement in Regulatory Compliance Investigation

The Unraveling of a Crypto-Friendly Giant: A Settlement Saga In the ever-turbulent sea of digital currencies and blockchain ventures, a recent development has caught the eye of many: the hefty $68 million settlement by Silvergate Capital Corporation This development is not just about the numbers, but it's a significant marker in the evolving landscape of crypto banking and its regulation Let’s dive into the intricacies of this settlement and what it signifies for the future of cryptocurrency banking The Beginning of the Storm Early in 2023, the financial world witnessed a series of U S...

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Dapper Labs Agrees to $4M NBA Top Shot Suit Settlement

Dapper Labs Agrees to $4M NBA Top Shot Suit Settlement

Revolution in the Digital Collectibles Arena: A Game-Changing Settlement The digital collectibles market has witnessed an unprecedented shift with the recent settlement news from Dapper Labs, the innovative powerhouse behind the once-celebrated NBA Top Shot Moments NFT collection This development marks a momentous turn in the ongoing narrative surrounding the legality and regulation of digital assets Dapper Labs, facing a lawsuit that accused the company of securities law violations due to their sale of digital collectibles, has opted to settle the dispute with a notable sum of $4 million This settlement, funneling into a fund for the claimants, signifies a noteworthy chapter in assessing the dynamics of digital collectibles under the securities law The Core of the Settlement Dapper Labs has positioned this settlement as a victory, not just in terms of resolving the lawsuit but also in setting a precedent about the nature of NFTs...

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