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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 these unlicensed operations and comply with state regulations. Nexo has stated its commitment to working with regulators to resolve the issues. This enforcement action highlights ongoing scrutiny of cryptocurrency platforms by state authorities.

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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

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

Policy Forces Reshape Bitcoin Trading as Four-Year Cycle Weakens

Recent regulatory changes and economic policies are significantly impacting Bitcoin trading dynamics, as the traditional four-year market cycle appears to be weakening. Analysts note that increased scrutiny from governments and financial institutions is altering investor behavior and market strategies. Additionally, macroeconomic factors, such as inflation and interest rates, are influencing

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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

Iranians grab their bitcoin as protests rage and rial tanks

Policy Forces Reshape Bitcoin Trading as Four-Year Cycle Weakens