Amex planning to use AI for ‘approving cards and lines of credit’

The CEO of Delaware-registered blockchain firm Veritaseum LLC and New York-registered Veritaseum Inc., Reggie Middleton, was ordered to pay $8.4 million in disgorgement, according to a new court order. Additionally, Middleton is liable for a civil penalty of $1 million, fintech publication FinanceFeeds reported on Nov. 1, citing a court order issued on Oct. 31.According…

The International Swaps and Derivatives Association is working on two papers to address fundamental legal risks in the crypto markets. 44 Total views 1 Total shares Own this piece of history Collect this article as an NFTThe International Swaps and Derivatives Association (ISDA) is working on two papers to address fundamental legal risks in the…

In a revised Chapter 11 plan of reorganization, FTX debtors state that crypto claims by customers will be assessed using a conversion table, with valuation based on the petition date. The debtors of the now-defunct cryptocurrency exchange FTX have filed the amended Chapter 11 plan of reorganization which indicates the value of customer asset claims

After a rocky road with the United States Securities and Exchange Commission, key decision-makers at Libra have gone back to the drawing board to re-tool their cryptocurrency platform to be more palatable to regulators.First of all, Libra has applied for a payment system license from Swiss regulator FINMA (Swiss Financial Markets Supervisory Authority). This is…

Will this ultimately prove to be a significant step for mainstream adoption, or a publicity stunt? SBI esports, a subsidiary of Japanese financial services conglomerate SBI Group, announced that its esports players would receive salaries in Ripple (XRP) going forward as part of a sponsorship deal with venture capital firm, VC Trade.According to the official…

The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools. The Blockchain Association has thrown fresh support behind six plaintiffs suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on the crypto mixer Tornado Cash.In a Nov. 20 amicus curiae

Donations made in cryptocurrencies are proving to be a fast and far-reaching means of providing financial aid during times of crisis, according to multiple industry players.This has proven to be the case after devastating earthquakes hit parts of Turkey and Syria in February. Blockchain analytics firm Chainalysis estimates that around $5.9 million of donations have been made…

Mike Novogratz, an ex-Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, said that he does not expect the Bitcoin (BTC) price to decline much further in an interview published by Bloomberg on Dec. 18.Speaking on Bloomberg Television, Novogratz opined that there will not be much further decline in the Bitcoin price, despite…

A crypto market data firm now offers a separate indicator for crypto asset market capitalization and volume data aggregated only from transparent exchanges. 753 Total views 36 Total shares Cryptocurrency market data provider Nomics has launched indicators for crypto asset market capitalization and volume data aggregated from transparent exchanges.According to an announcement on May 28,…