At the Ripple Swell 2024 conference in Miami, Florida, Ripple announced its exchange and market-making partner for its upcoming dollar-pegged stablecoin, RLUSD. The company also added former Federal Deposit Insurance Corporation (FDIC) chair Sheila Bair and former CEO of Centre, a consortium that sets standards for USD Coin (USDC), to its stablecoin advisory board. Ripple Labs president Monica Long said the company is waiting for approval from New York Department of Financial Services regulators...
Prominent YouTuber Ben Armstrong (BitBoy) and Miami Heat basketball player Jimmy Butler have agreed to settle charges they allegedly hyped unregistered securities after accepting payments from Binance to illegally promote the assets. Butler and Armstrong received commissions for promoting Binance and attracting new customers, the indictment said. Cryptocurrencies such as BNB and BUSD were securities, the indictment said. The two agreed to pay $340,000 as part of the settlement, which was still s...