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Crypto Biz: When dollars disappear, stablecoins step in

Stablecoins have long been pitched as a faster way to move dollars across borders. In Bolivia, they’re increasingly becoming a way to access dollars in the first place. The country’s recent proposal to recognize Tether’…

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Three Men Jailed for Posing as Police in $5.3M UK Crypto Fraud

Three men have been jailed in the UK for a £4 million ($5.3 million) cryptocurrency fraud in which they posed as police officers to convince victims to hand over their coins—then spent the proceeds on Rolexes, designer …

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UK sentences 2 hackers tied to $115M crypto ransom scheme

The United Kingdom National Crime Agency (NCA) and City of London Police said two men associated with the “Scattered Spider” hacking group were sentenced to five years and six months in prison.