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Lloyds Bank completes UK’s first gilt purchase using tokenized deposits

Lloyds Bank has successfully completed the UK's first gilt purchase using tokenized deposits, marking a significant milestone in the integration of blockchain technology within traditional finance. The transaction involved the purchase of government bonds, known as gilts, using digital tokens that represent deposits. This innovative approach aims to enhance efficiency and transparency in the bond market. The move is part of a broader trend among financial institutions exploring the use of digital assets to streamline operations and improve liquidity. Lloyds Bank's initiative demonstrates the potential for tokenization to transform conventional banking practices.

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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