Brazil Police Bust $9.7b Crypto Laundering Scheme
In a massive financial crime investigation, Brazilian authorities found a $9.7 billion cryptocurrency laundering network and arrested several people. Authorities in Brazil have taken decisive action against a cryptocurrency-based, multi-billion dollar money laundering network operating in several cities, including São Paulo, Fortaleza, and Brasília. Blockchain forensic company TRM Labs revealed in a blog post on […]
WisdomTree Launches Platform for Real-World Tokenized Assets
WisdomTree has launched a new platform called WisdomTree Connect to give customers access to tokenized real-world assets. According to a news release from WisdomTree, the platform seeks to increase the accessibility of tokenized assets for institutional and commercial users, enabling them to link traditional financial products with DeFi systems . The act of converting conventional […]
Revolut Expands Crypto Offerings with Stablecoin Launch
Revolut is eyeing a fiat-pegged token of its own, which might mean a new player in the stablecoin market for cryptocurrencies. The London-based company has reportedly started working on its stablecoin solution. However, it is unclear when the product will be released. Furthermore, it’s unclear if Revolut’s stablecoin would be based on the US dollar […]
MANTRA Announces Mainnet Launch Set for October
The mainnet launch of the MANTRA Chain is scheduled to occur in October 2024, according to the real-world assets platform MANTRA. In a statement released on September 18, MANTRA it is stated that the mainnet launch will provide important features such as improved network stability and institutional-grade access to tokenized assets and on-chain financing . […]
Bitcoin L2 Stacks Launches sBTC on Aptos Network
According to a statement from the Aptos Foundation, the Bitcoin Layer 2 protocol, Stacks, will incorporate Bitcoin into the Aptos ecosystem. Layer-2 solution for Bitcoin Developers will be able to integrate Stacks’ Bitcoin-backed asset, or sBTC, into decentralized applications by bringing it to the Aptos network. According to a press release, this move would enable […]