Investment Education

BlockFi and Three Arrows Capital Reach Confidential Settlement Approved by U.S. Judge

According to Foresight: BlockFi and Three Arrows Capital (3AC) have received approval for their settlement agreement by a U.S. judge, as reported by Foresight News. The nature of the disputes or claims has not been disclosed, and the details of the settlement have been ordered to remain confidential. The approval allows BlockFi to proceed with the distribution of loan properties to its creditors, providing some relief in their operations. The outcome indicates progress in resolving disputes in the rapidly evolving cryptocurrency sector.

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Shanghai Government Promotes Digital Yuan Pilot and Expands Application Scenarios

According to Foresight News, the Shanghai Municipal People's Government has issued a notice on the implementation plan for Shanghai to implement the overall plan for a high-level system of openness in the China (Shanghai) Pilot Free Trade Zone. The notice highlights the orderly promotion of the digital yuan pilot and the expansion of its application scenarios. The aim is to create a more convenient, inclusive, and user-friendly digital yuan acceptance environment. This will further deepen the pilot application of the digital yuan in areas such as trade settlement, chain supermarkets, tourism catering, and e-commerce platform payments, gradually building a digital yuan ecosystem. The notice also encourages financial institutions to apply technologies such as artificial intelligence and blockchain to deepen international cooperation in financial technology and create demonstration scenarios for fintech applications.

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