Wollito UAB

Nayib Bukele’s Future Bitcoin Plans

El Salvador President Nayib Bukele Eyes Bitcoin-Backed Bonds, Bitcoin Cities in Re-election Bid

El Salvador’s President Nayib Bukele intends to push forward with his plans for Bitcoin if he secures a second term in the upcoming election. Despite pressure from the Internatio...

7 months ago

The SEC admitted its attorneys “should have been more forthcoming” with the court but argued a sanction wasn’t appropriate.

SEC asks to toss Debt Box suit after court threatens sanctions

The United States securities regulator is seeking to dismiss a lawsuit it launched against a crypto company after a federal court issued an order mandating the agency provide reasons why it shou...

7 months ago

Many former Block employees posted messages to LinkedIn suggesting the staff cuts had been expected since 2023.

Jack Dorsey’s Block announces layoffs, citing ‘leaner’ operations

Financial payment processing firm Block Inc., co-founded by Twitter creator Jack Dorsey, has reportedly laid off more than 1,000 staff members. According to a Jan. 30 Business Ins...

7 months ago

The firm’s CEO, Chris Amani, says bankruptcy protections could help appeal the suit brought against it by the SEC, effectively eliminating “the single largest claim against it.”

Terraform Labs says bankruptcy will aid appeal of SEC suitv

Terraform Labs says its decision to file for bankruptcy will aid it in pursuing an appeal of the lawsuit it faces from the United States Securities and Exchange Commission. In a ...

7 months ago

Investors in the round include Coinbase Ventures, Arrington Capital, OKX Ventures and Gate.io. The funds will be used in the development of Portal’s DEX and noncustodial wallet.

Portal raises $34M in seed round for Bitcoin atomic swaps

Financial technology firm Portal has secured $34 million in seed funding to offer atomic swaps technology for Bitcoin. Investors backing the initiative include Coinbase Ventures, Arrington Capit...

7 months ago

El Salvador Profits from Bitcoin Investments

Bitfinex Securities to Launch in El Salvador on Jan 31 as First Registered Service Provider

Bitfinex is set to launch in El Salvador on January 31, becoming the first registered and licensed digital asset service provider in the country. Bitfinex Securities, a prominent ...

7 months ago

China imposed a blanket ban on crypto use in 2021, but due to technological advancements and the decentralized nature of crypto, mainland users have found a way to access the crypto market.

China to introduce revised crypto AML regulations by 2025

China is set to make a major amendment to its Anti-Money Laundering (AML) regulations to include cryptocurrency-related transactions amid calls for greater scrutiny of the nascent crypto industr...

7 months ago

The blockchain gaming sector is evolving with innovation that aims to reshape the gaming economy and player experience.

This blockchain game distribution platform aims to change Web3 gaming

The blockchain gaming industry faces the challenge of fragmented digital currencies across various games. Nexxyo Labs’ Blink Galaxy platform addresses this by offering a unified ga...

7 months ago

The Hong Kong Securities and Futures Commission issued a warning against Floki on Friday, marking its high-yield staking products as “suspicious” and unauthorized.

Memecoin Floki blocks Hong Kong users from staking programs amid regulatory warnings

The Floki Inu cryptocurrency team has ceased Floki and TokenFi staking programs in Hong Kong after the local regulator listed them as “suspicious investment products,” according to i...

7 months ago

While Japan is preparing to solve the legal issues around issuing a CBDC, it has not revealed plans for an official launch.

Japan to resolve CBDC issuance legalities by Q2 2024

The Bank of Japan (BoJ) held its first official meeting with the country’s government to discuss a central bank digital currency (CBDC). According to the local TV channel NHK, on Jan....

7 months ago