⚖️ Judgy… The former legal head of fake crypto OneCoin was sentenced to four years in prison for her role in the $4B Ponzi scheme. It’s the latest high-profile sentencing for the industry: Last week SBF got 25 years.
🤖 Techy… Bitcoin cash, a crypto that forked from bitcoin in 2017, underwent its own “halving” this week, cutting into miners’ earnings. Bitcoin’s halving is expected this month, and miners including Hut 8 have spent big to up their efficiency in preparation.
🪙 Coins… Ripple said it’s launching a stablecoin pegged to the USD. The biz, which has been fighting regulators for years over its $32B+ market cap XRP token, is entering a crowded market: PayPal launched its own stable last year to challenge Circle’s heavyweight USDC.
Latest Stories
Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.