China

Asia Morning Briefing: Bitcoin holds steady above $90K as fresh money returns to crypto

Bitcoin remains stable above $90,000 as new investments flow back into the cryptocurrency market. This resurgence in capital is attributed to increasing institutional interest and a favorable regulatory environment in several Asian countries. Other cryptocurrencies are also experiencing gains, reflecting a broader market recovery. Analysts suggest that this trend may continue if the positive sentiment persists among investors. Overall, the crypto market is showing signs of renewed strength and confidence.

Read the full article: CoinDesk

Utah Man Gets Three Years for $2.9M Fraud Tied to Crypto Cash Scheme

A Utah man has been sentenced to three years in prison for defrauding investors out of $2.9 million through a cryptocurrency cash scheme. He misled investors by promising high returns on investments in a digital currency that did not exist. The man was also ordered to pay restitution to

Interactive Brokers accepts USDC deposits; Ripple's RLUSD coming soon

Interactive Brokers has announced that it will now accept USDC deposits, allowing clients to use the stablecoin for transactions. This move is part of the brokerage's broader strategy to integrate digital assets into its offerings. Additionally, Ripple is set to launch its own stablecoin, RLUSD, which aims to

California Fines Crypto Wealth Platform Nexo $500K Over 'Unlicensed' Loans

California has imposed a $500,000 fine on the crypto wealth platform Nexo for offering unlicensed loans to residents. The state's Department of Financial Protection and Innovation (DFPI) determined that Nexo was engaging in activities requiring a license under California law. The company has been ordered to cease

Iranians grab their bitcoin as protests rage and rial tanks

Amid ongoing protests and a plummeting rial, Iranians are increasingly turning to Bitcoin as a means of preserving their wealth. The national currency has significantly devalued, prompting citizens to seek alternatives to safeguard their finances. Bitcoin trading volumes in Iran have surged, with many individuals using peer-to-peer platforms to buy

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Utah Man Gets Three Years for $2.9M Fraud Tied to Crypto Cash Scheme

Interactive Brokers accepts USDC deposits; Ripple's RLUSD coming soon

California Fines Crypto Wealth Platform Nexo $500K Over 'Unlicensed' Loans

Iranians grab their bitcoin as protests rage and rial tanks