Wollito UAB

U.S. Senator Cynthia Lummis argued that the Department of Justice’s position on crypto self-custody conflicts with existing Treasury guidance and breaches the rule of law.

Senator Lummis challenges DOJ’s stance on private crypto wallets

Lummis (R-WY) says she opposes the Biden Administration’s criminalization efforts related to the Bitcoin (BTC) network and decentralized finance (defi). The Department of Justice...

4 months ago

The U.S. Department of the Treasury’s OFAC has sanctioned a Russian one-way attack UAV developer, which solicited donations in crypto on Telegram.

US sanctions crypto addresses tied to Russian drone developer

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on May 1 sanctioned nearly 300 individuals and entities in a bid “to limit the Kremlin’s revenue a...

4 months ago

Fidelity Records Largest Daily Outflow

BlackRock’s IBIT Experiences $37M Outflows for First Time, Other Funds See Combined $526.8M Withdrawals

The spot Bitcoin exchange-traded funds (ETFs) in the United States have witnessed record net outflows, with BlackRock’s iShares Bitcoin Trust (IBIT) experiencing&n...

4 months ago

UK Crypto Firms Face Uphill Battle as FCA Registration Process Weeds Out Many

UK FCA Dedicated 30% of Financial Crime Personnel to Monitor Crypto Companies in 2023

The UK’s financial watchdog dedicated nearly a third (30%) of its financial crime specialists to overseeing crypto asset businesses in 2023, according to a report released&n...

4 months ago

The industry could see a shift toward player-centric Web3 games this cycle as Web2 founders enter the GameFi space, according to Bitget’s managing director.

Web3 gaming needs to shift from play-to-earn to ‘play-and-earn’ — Bitget

Web3 games should shift their focus from play-to-earn to “play-and-earn” to attract new mainstream crypto adopters. The issue is that most Web3 games focus solely on the ec...

4 months ago

YouTuber and Ultimate star MKBHD tested the device using a game controller, his legs and “the force.”

This 360 treadmill could make Disney’s metaverse a physical playground

The Imagineers at Disney have come up with what may be the killer app for metaverse hardware, a 360-degree treadmill controllable via remote control, physical movement, or gesture. ...

4 months ago

Animoca’s move into Bitcoin involves the Opal Protocol and BLIF token, which were initiated by Animoca and Darewise.

Blockchain gaming firm Animoca Brands ‘comes to Bitcoin’

Hong Kong-based game software company Animoca Brands is entering the Bitcoin industry by backing the Opal Foundation, a new Bitcoin ecosystem protocol. Animoca Brands took to X on...

4 months ago

Avalanche C-Chain users can now buy AVAX directly within Web3 apps by using a widget supplied by Stripe.

Avalanche integrates with Stripe for fiat-to-crypto onboarding

The Avalanche C-Chain network has integrated with payment firm Stripe, allowing verified Stripe users to buy Avalanche’s AVAX and send it to their wallets, according to an ...

4 months ago

Apple has reportedly been luring experts from Google in its efforts to catch up with Big Tech companies in the race to develop and deploy high-level AI models.

Apple poaches Google AI staff, creates ‘secretive’ laboratory

Apple has reportedly been snatching up experts from Google in an effort to build out its own team of artificial intelligence (AI) and machine learning experts. According to a&nbs...

4 months ago

MicroStrategy has yet to adopt the new accounting standard that would have taken the billions of dollars in paper gains from Bitcoin’s 65% price rally into account.

MicroStrategy Q1 net loss hits $53.1M, but Bitcoin buying spree continues

MicroStrategy, the largest corporate holder of Bitcoin, reported a net loss of $53.1 million in the first quarter of 2024, but the firm continued to stack more Bitcoin in April. T...

4 months ago