Wollito UAB

The European Banking Authority (EBA) has published draft rules outlining the regulatory standards applicable to stablecoin issuers in relation to consumer complaints.

EU publishes final draft rules on complaints handling for stablecoin issuers

EBA worked on the draft regulatory technical standards (RTS) in collaboration with the European Securities and Markets Authority (ESMA). “In order to avoid diverging complain...

6 months ago

WILMINGTON, Delaware (Reuters) -The lawyers who voided Elon Musk's $56 billion compensation as excessive on Friday sought a record a $6 billion legal fee, payable in the electric car maker's stock.

Lawyers who voided Elon Musk's pay as excessive want $6 billion fee

"We recognize that the requested fee is unprecedented in terms of absolute size," the three law firms said in a filing with the Court of Chancery in Delaware. The fee works o...

6 months ago

The landlocked country of Andorra sought technical assistance from the International Monetary Fund on various topics, including effectively monitoring crypto assets.

IMF guides Andorra to record and monitor Bitcoin transactions

The International Monetary Fund (IMF) provided technical advice to Andorra, a landlocked country bordering France and Spain, on recording Bitcoin transactions in response to thei...

6 months ago

Meme coins have gained bullish momentum again as investors shift focus to altcoins. One of the latest additions to the category, dogwifhat (WIF), leads the top gainers’ list with double-digit gains.

WIF reaches new ATH as memecoins gain bullish momentum

WIF is up by 43% in the past 24 hours and is trading at $3.23 — marking a new all-time high — at the time of writing. The meme coin’s market capitalization is currently hoverin...

6 months ago

SEC’s Lawsuit is Plausible

Federal Judge Allows SEC Lawsuit Against Gemini and Genesis to Proceed

A federal judge has ruled that the US Securities and Exchange Commission’s lawsuit against crypto firms Gemini and Genesis will proceed in court. The judge’...

6 months ago

$2.3 Million “Pig Butchering” Romance Scheme

US Department of Justice Takes Action Against $2.3 Million ‘Pig Butchering’ Scam

The U.S. Department of Justice has initiated a legal move to seize $2.3 million in cryptocurrency, funds that are traceable back to an elaborate “pig butchering” scam. ...

6 months ago

The announcement comes after Google pulled its artificial intelligence image generation tool in February following controversies, including historical inaccuracies and contentious responses.

Google restricts election queries in Gemini chatbot

Google has announced it will restrict the types of election-related queries users can ask its Gemini chatbot. It has already rolled out the changes in the United States and India, where voters w...

6 months ago

Although plans for a shekel CBDC have been in place since 2021, no pilot tests have since carried forward.

Israel announces plans for interest-bearing shekel CBDC

Israel’s central bank will support a new Israeli shekel central bank digital currency (CBDC) that has the option of bearing interest. In the March 11 announcement, the Bank of Is...

6 months ago

The price of Bitcoin has pushed to reach new all-time highs above $72,000, spurred by record-breaking weekly inflows into crypto funds.

Bitcoin surges after crypto ETPs notch record $2.7B weekly inflows

The price of Bitcoin has surged to reach new all-time highs above $72,000, following a record-breaking week of inflows into crypto exchange-traded products (ETPs). According to a ...

6 months ago

Core Scientific Reports $141M in Net Revenue in Q4

Core Scientific Reports $502M in 2023 Revenue, Down From $640M in 2022

Crypto mining firm Core Scientific has announced a decline in year-on-year revenues in its Q4 2023 results, accompanied by a substantial reduction in net losses. According to Cor...

6 months ago