Wollito UAB

Bridgeless Bitcoin-Native Network

Arch Labs $7 Million to Develop Bitcoin-Native Application Platform

The company planned to utilize this fund to advance Arch’s development of decentralized finance (DeFi) applications directly on the Bitcoin blockchain, bypassing the need for sec...

4 months ago

TikTok takes a proactive step in assuring AI authenticity on its platform by automatically labeling AI-generated content (AIGC) using new Content Credentials technology.

TikTok to automatically label AI-generated content

TikTok, the popular social media platform for creating and sharing short-form videos, said it will now start automatically labeling artificial intelligence (AI)-generated content (AIGC) when it ...

4 months ago

According to Uwakwe, the head of Nigeria’s crypto intercommunity working group, investors worry about potential repercussions similar to Binance’s fate when investing in local Web3 companies.

Nigeria’s Binance crackdown threatens Web3 industry

Nigeria is feeling the consequences of actions against Binance executives, with investors withdrawing from deals and partnerships, particularly in the web3 sector. They mention Nigeria’s p...

4 months ago

SBI Digital Asset Holdings and Chiliz plan to set up a joint venture in Japan.

SBI Holdings and Chiliz to set up joint venture in Japan for sports fan tokens

The collaboration aims to induce Japanese sports fans into the global token-based community. SBI Digital Asset Holdings, the crypto asset arm of Japanese securities and banking giant S...

4 months ago

A fraudulent crypto exchange platform used AI-generated videos of Elon Musk and misleading information to promote crypto trading services.

Elaborate Elon Musk deepfake crypto fraud uncovered in Hong Kong

Hong Kong authorities closed in on an unlicensed, fraudulent cryptocurrency exchange that faked affiliation with Tesla CEO and Dogecoin proponent Elon Musk. The Hong Kong Securiti...

4 months ago

Mango DAO distributed treasury funds to token holders through a buyback program, but critics claim it was done to benefit an FTX estate buyer.

Mango Markets DAO buyback plan leads to accusations of ‘self-dealing’

An April 7 plan to buy back tokens at a premium to market price has led to controversy within the governing body of decentralized finance protocol Mango Markets. Some community m...

4 months ago

Tom Brady copped heat from comedians for his role in partnering with the now-defunct crypto exchange FTX.

Tom Brady roasted on crypto in Netflix special — ‘How did you fall for that?’

Former pro footballer Tom Brady was grilled by comedians and former teammates during a Netflix-streamed roast, and quips about his role in promoting the bankrupt crypto exchange FTX were some of...

4 months ago

How ETF Liquidity Funds Keep Crypto Trading Smooth

Asian Crypto Venture Firms Launch $128M ETF Liquidity Fund in Hong Kong

Three Asian-based ventures have joined forces to launch Hong Kong’s first-ever ETF liquidity fund. The fund is valued at HK$1b (about $128m), according to a statement published W...

4 months ago

Daily revenue from Bitcoin mining dropped to under $3 million from the previous daily average of roughly $6 million in the first four months of 2024.

Bitcoin mining revenue hits post-halving yearly low

Earnings from Bitcoin mining dropped significantly in May as the effects of the fourth Bitcoin halving event set in. The Bitcoin halving mechanism was designed to incre...

4 months ago

Fitch Ratings notes that Block has used convertible debt for external funding since its IPO and is well-positioned to exploit the growth in payments and consumer financial services.

Jack Dorsey’s Block to raise $1.5B in senior notes offering

Fintech firm Block (formerly Square) announced plans on May 6 to issue $1.5 billion in senior notes through a private placement to qualified institutional investors. Th...

4 months ago