Wollito UAB

Leverage traders are nursing losses of over $165 million, as the price of Bitcoin tumbled 5%.

Bitcoin 5% flash crash leads to $165M in leveraged crypto liquidations

A sudden 5% drawdown in the price of Bitcoin BTC $66,162 on Tuesday has seen traders with leveraged exposure to Bitcoin and other cryptocurrencies rack up over $165 million in losses i...

5 months ago

Giga's new site harnesses otherwise wasted energy from natural gas flaring and has already mined between $200,000 and $250,000 worth of Bitcoin, says the firm's co-founder.

US Bitcoin miner Giga Energy to launch facility in Argentina

Texas-based Bitcoin miner Giga Energy has expanded its operations into Argentina as part of a move to utilize wasted energy from "natural gas flaring" on the South American nation...

5 months ago

Elon Musk rolled out the paid verification model on X, earlier known as “Twitter Blue,” to fight the scammers and spammers thriving on the platform before his takeover.

Elon Musk offers free premium features on X, crypto scammers included

Elon Musk will no longer charge influential accounts on X for certain premium features as long as they meet certain conditions. However, those conditions also appear achievable for accounts invo...

5 months ago

AI tokens FET, AGIX, and OCEAN have witnessed significant gains over the past 24 hours, amidst trending discussions around the creation of a new ‘Artificial Superintelligence’ (ASI) token.

AI tokens FET, AGIX, and OCEAN surge amid merger deal into ASI token

Fetch.ai’s FET token has observed a 6% rise, with its trading price at $3.26 and a 24-hour trading volume surging by 57% to approximately $1.1 billion. Its market capitalization now stands...

5 months ago

FCA Removed Misleading Advertisements in 2023

UK Watchdog Clarifies Rules for Memes and Finfluencers in Social Media Promotions

The UK’s Financial Conduct Authority (FCA) on Tuesday issued new guidelines for financial services promotions on social media. These apply to formats like memes, reels, and gamin...

5 months ago

Gaza Now’s Inflows

Hamas-linked Crypto Addresses of Gaza Now Jointly Sanctioned by US, UK

Both the US and the UK foreign sanctions bodies have targeted online media outlet Gaza Now for aiding Hamas fundraise $21,000 in crypto. Gaza Now has been promoting crypto donation cam...

5 months ago

Having shown the application of its connector in complex use cases, SWIFT will continue to increase the connector’s functions.

SWIFT declares second sandbox connector tests a success for CBDC and more

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging network has released the results of the second phase of sandbox testing for its central bank digital currency (C...

5 months ago

On March 27, 4:40 am UTC, Munchables identified the hacker as one of its developers. An hour of negotiations led to the former developer agreeing to return the hacked funds.

Munchables hacker returns $62.8M Ether without ransom

It took nearly eight hours for the Munchables hacker — a Munchables developer — to have a change of heart and return $62.8 million worth of Ether stolen in an exploit ...

5 months ago

Andy Main, Bakkt’s incoming president, said the company’s strengthened balance sheet erases previous doubts about its ability to continue.

Bakkt declares $780M full-year revenue in 2023 earnings report

Crypto custody and trading company Bakkt has published its quarterly report, recording a full-year total revenue of $780.1 million for 2023. Bakkt said that in the fourth quarter of 20...

5 months ago

The firm attributed the change in fortune to the changing market conditions from bearish to bullish, with AUM nearly doubling in the first two months of 2024.