canton network processes $4t monthly settlement for goldman, hsbc, dtcc. $cc token gives 40% to validators, 60% to app creators, zero to team or investors. no insider dumps ever. validators earning from real settlement fees not inflation. drw raising $500m just to buy tokens from the only sellers: validators and builders who actually work the network. ...

Introducing OKX Rubix: Digital Assets-as-a-Service for institutions.- Modular, interoperable, plug & play- Regulated market access, liquidity, execution- Custody, settlement, and controls in one frameworkYour client experience - our regulated infrastructure. Puzzle solved. ...

Cryptocurrency Design & Vision - Nick Szabo's bit gold design in 1998 was 2-layer: bit gold for settlement, Chaumian e-cash for a privacy-enhanced payments layer [1] - Szabo envisioned Bitcoin evolving into a settlements-and-large-payments layer needing a layer 2 for consumer payments in the long term [1]

Crisis Response & Transparency - The company addresses concerns arising from a viral post and assures users of their commitment, emphasizing that user stories are prioritized [1][2] - The company states that all traders were immediately and automatically paid out without issue following a massive liquidation cascade [3] - The company clarifies there were no clawbacks or socialized losses [4] - The company publishes daily proof of reserves, and the exchange has been operating uninterrupted since the event, albeit with some hiccups [4] - The company emphasizes its approachability and commitment to doing the right thing, lacking a PR crisis management team [15] Technical Explanation & System Design - The company explains that a screenshot was taken out of context, clarifying it was a technical explanation of how futures profits and losses work, not a policy decision [3][5] - The company operates as a neutral peer-to-peer exchange, not taking positions for users or providing liquidity [6] - The company details the settlement process where profits are exchanged between longs and shorts, highlighting that winners earn from losers in a zero-sum system [7][8] - The company clarifies that bankrupt users caused a settlement issue, which was resolved by the company settling all accounts before publishing proof of reserves [9][10] - The company designed the system to be robust to liquidation events, isolating risk between longs and shorts, with spot holders unaffected [13]

RT Max Resnick (@MaxResnick1)In 2024 NMS stock tranasctions surpassed 80 million/day. 50 million of those were on exchanges. Solana Is the only blockchain ready to handle the scale of the US equities market today.The idea that some blockchains will capture settlement while others capture trading of securities makes no sense. The entire reason regulators are interested in Securities coming on chain is because the current balkanized system of dozens of intermediaries to clear securities trades is extremely br ...

India is considering a one-time settlement of its longstanding demand for billions of dollars in past-due fees from Vodafone Group Plc’s beleaguered local venture, people familiar with the matter said https://t.co/yUOD5BlEcN ...

Legal & Compliance - Amazon reached a $25 billion (250 亿) settlement deal with the Federal Trade Commission (FTC) [1] - The settlement addresses issues related to customer sign-up and cancellation processes for Prime memberships [2] - Amazon states it has always followed the law and the settlement allows them to focus on innovation [2] Financial Implications - Amazon will pay a $1 billion (10 亿) civil penalty to the FTC [2] - A $15 billion (15 亿) consumer fund will be created to reimburse 35 million impacted customers [2] Customer Impact - The settlement aims to make Prime membership sign-up and cancellation clearer and simpler for customers [2] - 35 million customers are expected to be reimbursed from the consumer fund [2]

We're also tracking news out of the Federal Trade Commission, which says Amazon has agreed to pay $2.5% billion dollars to settle a lawsuit over what the FDC says were deceptive methods to sign people up for Prime subscriptions and make it difficult for them to cancel. Christine Romans is here. And Christine, the settlement comes as a bit of a surprise.>> Yeah, Tom, you know, opening arguments were just this past Tuesday in a case filed against Amazon during the Biden administration. But in that surprise mo ...

Amazon and the FTC have reached a settlement of $2.5% billion over claims the retail giant tricked users into purchasing Prime memberships. The lawsuit was actually filed back in 2023 under the Biden administration with the trial lasting just 3 days. CNBC senior markets correspondent Dom Chu joins us with more.Dom, what exactly were the terms of that agreement. This agreement includes a billion dollar in actual penalties and $1.5% billion in payouts to customers. That translates into roughly $51 for each pe ...

And we're following some breaking news. The FTC says Amazon has agreed to pay a historic multi-billion dollar lawsuit for tricking people into signing up for Prime accounts and then making it hard to cancel. I want to bring in NBC business and data correspondent Brian Chung.This is a lot of money. >> Yeah, this is a big deal. Although, of course, Amazon is a huge company.But just to kind of unpack exactly what's going on here, the FTC saying that it has a settlement with Amazon regarding the way that they w ...