Wollito UAB

Patricia clarified that it will operate similarly to an IOU (I owe you) document, serving as a means for the exchange to acknowledge its debt to its users.

Nigeria’s Patricia crypto exchange seeks to explain its token amid confusion

The announcement of Patricia Token (PTK) by Nigerian crypto exchange Patricia was greeted by users with scepticism and some suspicion as they took to social media to question the motiv...

1 year ago

Clockwork’s planned closure comes about a year after receiving $4 million in a seed round led by Multicoin Capital.

Solana-based Clockwork to shutter, citing ‘limited commercial upside’

The developers behind the Solana-based smart contract automation project Clockwork are set to turn off key infrastructure for the protocol at the end of October, citing “limited commercial...

1 year ago

The partnership will purportedly bring USDC to 2 million users in Chile.

Circle launches USDC stablecoin on Mercado Pago in Chile

Fintech company Circle announced a partnership with Mercado Libre on Aug. 29 to bring the USD Coin stablecoin to Mercado Pago. Referring to Mercado Libre as “the Amazon...

1 year ago

Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer.

Tether adds Bahamas-based private bank Britannia as partner: Report

Tether, the stablecoin issuer behind USDT has reportedly added Britannia Bank & Trust, a private bank based in the Bahamas to process dollar transfers on its platform. I...

1 year ago

SEBA Hong Kong’s approval joins a flurry of regulated crypto activity that’s taken place over the past month.

SEBA Bank secures in-principle nod for crypto services in Hong Kong

The Hong Kong arm of crypto-friendly Swiss bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) allowing it to deal in virtual assets....

1 year ago

Chinese firms and commercial banks are working on new digital yuan supply chain financing solutions, with a new CBDC smart contract solution set to launch.

China’s JD, ICBC to Launch Digital Yuan Supply Chain Financing Solution

Per CICC (via Cnfol), the latest innovation has been developed by JD Technology, in conjunction with the Industrial and Commercial Bank of China (ICBC). JD Technology is the IT se...

1 year ago

Regulators from Rhode Island have approved X’s application for a currency transmitter license.

Elon Musk’s X moves closer to crypto payments with new state license

Rhode Island’s regulators have granted X (Twitter) a currency transmitter license, marking a step forward for the company’s foray into the financial services sector. ...

1 year ago

The court’s decision that the SEC has to consider Grayscale’s Bitcoin spot ETF application is good news for crypto but maybe not as impactful as some hoped.

Crypto community jubilant over Grayscale decision, but uncertainty remains

The crypto community received the decision it had been hoping for when the District of Columbia Circuit Court of Appeals ruled on Grayscale Investments’ Bitcoin spot ETF app...

1 year ago

A U.S. court ordered the SEC to "vacate" its rejection of Grayscale's bid to convert its Bitcoin Trust into an ETF.

Bitcoin Tops $28K on Grayscale Ruling, While Crypto-Related Stocks Soar More Than 10%

Bitcoin (BTC) gained more than 7%, topping $28,000 at one point on Tuesday afternoon after a federal appeals court ruled that the U.S. Securities and Exchange Commission (SEC) must rev...

1 year ago

The crypto influencer brand had a reach of more than 3.3 million followers at the time the company announced Ben Armstrong would no longer be affiliated with “BitBoy Crypto."

BitBoy Crypto brand will no longer include YouTuber Ben Armstrong

The parent of Hit Network, which controls the “BitBoy Crypto" brand, has cut ties with its public face, Ben Armstrong, citing issues surrounding substance abuse and financial damage t...

1 year ago