• About Us
  • Careers
  • Contact
No Result
View All Result
Friday, September 12, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Crypto

Nubank Halts Trading of “Nucoin”, Offers Bitcoin Redemptions

11 September 2024
in Crypto, News
Reading Time: 3 mins read
109 1
source: blog.nu.com.mx

source: blog.nu.com.mx

Brazil’s neobank Nubank has suspended trading its of native token, Nucoin.

“From now on, the ability to buy and sell Nucoins within the app will no longer be available. Trading has been suspended, and Nucoins will only be used for redeeming benefits and products within the app,”

Nubank noted in a recent blog post.

Nucoin was launched on the Polygon (POL) network in late 2022 and was introduced as part of a rewards program designed to provide customers with exclusive perks, such as discounts and special benefits.

The bank claimed its latest decision was “to avoid possible fluctuations in the value of Nucoins on the market”. It offered users holding at least 1,745 Nucoins the option to redeem their tokens for Bitcoin or USD Coin until December 9. After the deadline, unredeemed Nucoins will remain usable for various in-app benefits.

Although the exact motive behind the decision remains uncertain, the abrupt policy change occurs amid growing concerns about Nubank’s financial stability, according to Bloomberg.

Nubank’s financial health has reportedly come under scrutiny, with its portfolio of non-performing loans surpassing industry norms and raising concerns about asset quality. Despite the bank’s stock climbing over 60% this year, some analysts believe it is “overvalued,” deepening doubts about the company’s overall stability.

Meanwhile, the Brazilian government has been setting up frameworks to regulate the country’s growing crypto ecosystem. The country’s Central Bank recently announced a phased approach to regulating crypto-assets and virtual asset service providers. The Central Bank aims to roll out its regulatory proposals by the end of the year.

Nagel Lisanias Paulino, from the Financial System Regulation Department at the Bank, emphasized in the official statement that the upcoming regulatory frameworks are designed to enhance oversight on improper practices involving digital assets. The new regulations are expected to protect consumers and industry stakeholders from fraud and scams and contribute to a more secure and transparent crypto market in Brazil.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: BrazilNubank
Share64Tweet40Share11
Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

Related Posts

source: usethebitcoin.com
Stablecoins

Lava Network Deploys Smart Router to Power Fireblocks and Wyoming Stablecoin Project

11 September 2025
source: coindesk.com
Crypto

Quintenz Publishes Winklevoss Texts Ahead of Gemini IPO

11 September 2025
source: ndtv.com
Crypto

‘Fat App’ Thesis Gains Ground as Hyperliquid Surge Sparks Debate on Crypto Value Capture

11 September 2025
source: 24matins.uk
People

Nepal Sees Surge in Bitchat Downloads Amid Violent Protests and Social Media Ban

11 September 2025

Editors Picks

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

What Are DeFi Options Vaults, and How Do They Work?

What Are DeFi Options Vaults, and How Do They Work?

byOlajumoke Oyaleke
26 June 2025
0

What Are Teardrop Attacks in Crypto?

byOlajumoke Oyaleke
17 June 2025
0

What Are Fractional NFTs, and How Do They Work?

What Are Fractional NFTs, and How Do They Work?

byBlessing Lisafi
7 February 2024
0

Read More

Chain of Thoughts

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

Markets Update

Why Are Crypto ATM Limits and Bans Surging Across the U.S?

15 hours ago

Crypto Bug Bounties: How to Get Started

19 hours ago

El Salvador’s Big Bitcoin Bet: Closing in on $1 Billion?

21 hours ago

$312B Laundered: The Silent Truth Fiat Hides from Crypto’s Critics

22 hours ago

Why the UK Needs a Stablecoin Strategy to Stay Globally Competitive

3 days ago

Do You Really Know Why Kanye West’s YZY Memecoin Fell from $3B to $1.05B?

3 days ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    Ethereum Meme Coin Little Pepe Crosses $25M, Announces 15 ETH Giveaway

    bychainwire
    12 September 2025
    0

    DOLLUM Expands Wallet Opportunities, Introducing New Security Features Following The DOL Token Sale

    bychainwire
    12 September 2025
    0

    Eightco Holdings Inc. Announces Nasdaq Ticker Symbol Change to ORBS, Advancing the AI Revolution

    bychainwire
    11 September 2025
    0

    KuCoin Partners with Golf Icon Adam Scott as Global Brand Ambassador

    bychainwire
    11 September 2025
    0

    Origin Summit Unveils Second Wave of Global Icons Ahead of Debut During KBW

    bychainwire
    10 September 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Market Analysis
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00