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Former Brazil central bank official unveils real-pegged stablecoin with yield sharing

A former official from Brazil's central bank has introduced a new stablecoin pegged to the Brazilian real, designed to offer yield sharing to its users. This stablecoin aims to provide a more stable and secure digital asset for transactions while allowing holders to earn returns on their investments. The initiative seeks to enhance the adoption of cryptocurrencies in Brazil by combining stability with the potential for profit. The project reflects a growing trend of integrating traditional financial principles with innovative blockchain technology.

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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

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