JPMorgan to pay US$65 million to settle charges of attempted ISDAFIX manipulation
JPMorgan Chase Bank NA will pay a US$65 million civil penalty to settle charges that it attempted manipulating ISDAFIX benchmark swap rates between 2007 and 2012, the U.S. Commodities Futures Trading Commission said on Monday.
The Australian Securities and Investment Commission (ASIC) has flexed on cryptocurrency fraudsters. It has just released details of disciplinary action taken against misleading initial coin offerings (ICOs) operating in Australia. ASIC revealed it has put five different ICOs “on hold” until they comply with the new rules. Among other things, ASIC insists some of the startups in question would have to undergo “restructuring” in order to comply with regulatory requirements. The five ICOs were restricted from raising the capital of Australian investors without appropriate protections. “ASIC has taken action to stop several proposed initial coin offerings or token-generation events (together, ICOs),… This story continues at The Next Web
The largest Dutch supermarket chain, Albert Heijn, is planning its own blockchain makeover. Albert Heijn wants to stamp bottles of its private-label juice with special QR-codes. Customers can scan them with an app that will show details about its origin and supply chain. Along with major supplier Refresco, Albert Heijn will store all information related to the sourcing, production, and distribution on a distributed ledger. It’s all part of a greater plan to provide its customers with more information. There is growing consumer concern for the origin of products – particularly fresh produce. “In some cases the production process is… This story continues at The Next Web