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

California has fined the crypto wealth platform Nexo $500,000 for offering unlicensed loans to residents. The state's Department of Financial Protection and Innovation (DFPI) stated that Nexo's activities violated California's financial laws. The company was accused of failing to obtain the necessary licenses for its lending services. Nexo has since agreed to pay the fine and cease its unlicensed operations in California. This action highlights the increasing regulatory scrutiny on cryptocurrency platforms in the state.

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CME Group to offer cardano, chainlink, stellar futures as institutions seek regulated risk-management tools

CME Group has announced the launch of futures contracts for Cardano, Chainlink, and Stellar, responding to increasing demand from institutional investors for regulated risk-management tools in the cryptocurrency market. These new futures products aim to provide institutions with the ability to hedge their positions and manage exposure to these digital

Two Prime selected to manage $250 million in bitcoin for Digital Wealth Partners

Two Prime has been chosen to manage $250 million in bitcoin for Digital Wealth Partners. This partnership aims to enhance investment strategies and provide clients with access to digital asset management. Two Prime specializes in crypto asset management and will leverage its expertise to optimize returns for Digital Wealth Partners&

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 their investments in a non-existent crypto venture. The scheme involved using funds from new investors to pay returns

Southern Utah man sentenced to 3 years in prison for crypto-linked wire fraud scheme

A man from Southern Utah has been sentenced to three years in prison for his involvement in a wire fraud scheme linked to cryptocurrency. He was found guilty of deceiving investors by falsely claiming he could generate significant returns through crypto investments. The scheme resulted in financial losses for multiple

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CME Group to offer cardano, chainlink, stellar futures as institutions seek regulated risk-management tools

Two Prime selected to manage $250 million in bitcoin for Digital Wealth Partners

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

Southern Utah man sentenced to 3 years in prison for crypto-linked wire fraud scheme