Blockchain security firm Elliptic reported that Huione—an online marketplace platform used for illicit activities—has launched USDH, a dollar-pegged stablecoin. According to Elliptic, Huione touts USDH as a solution for users seeking to bypass the restrictions imposed by traditional stablecoins like USDT and USD Coin (USDC). The asset was launched in September 2024. Huione is the […]
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Bitcoin traded around $96,500 Tuesday following the release of US December Producer Price Index (PPI) data, which indicated a deceleration in producer price growth. The monthly PPI rose 0.2% in December, below November’s 0.4% increase and in line with forecasts of 0.3%. Core PPI, which excludes volatile items such as food and energy, remained flat […]
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Robinhood has agreed to pay $45 million in civil penalties to settle charges of securities law violations. According to a Jan. 13 statement, this settlement follows an investigation by the US Securities and Exchange Commission (SEC) into the activities of its subsidiaries, Robinhood Securities LLC and Robinhood Financial LLC. The penalties include $33.5 million from […]
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The New York Department of Financial Services (NYDFS) has announced a partnership with the Bank of England (BOE) to launch an international regulatory initiative aimed at harmonizing crypto regulations, according to a Jan. 13 statement. The program, known as the Transatlantic Regulatory Exchange (TRE), is designed to promote collaboration, share expertise, and align regulatory approaches […]
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