Wollito UAB

The Federal Reserve certified the FedNow Service as “ready” after it onboarded 41 financial institutions, 15 service providers and the U.S. Department of the Treasury to test the system before its launch by the end of July 2023.

FedNow Service has no relation with CBDCs, Federal Reserve clarifies

The United States Federal Reserve clarified that its new service for instant payments between organizations — the FedNow Service — has no relation with central bank digital curr...

1 year ago

The crypto market is seeing a new type of token flood it, called Telegram Bot tokens

Are Telegram Bot Tokens the Next Big Crypto Trading Trendsetter?

Telegram Bot tokens are turning out to be the latest invention in the crypto market, with several of these tokens seeing skyrocketing prices over the past week. Popular platforms like CoinMarket...

1 year ago

FTX Trading has taken legal action against its founder, Sam Bankman-Fried, and other former executives in an attempt to recover $1 billion

FTX Sues Sam Bankman-Fried and Former Executives for Alleged $1B Misappropriation

The defendants in the complaint are former FTX engineering director Nishad Singh, former FTX technology chief Zixiao “Gary” Wang, and Caroline Ellison, who led the hedge fund Alameda...

1 year ago

A bunch of actual hamsters are racing on a new platform, and returns-starved traders are placing BUSD-based bets on who wins.

Move Over Shiba Inu: Crypto Community Flirts With Hamster Race Betting

Crypto traders have found a novel way to generate returns as bitcoin (BTC) remains flat and the decentralized finance (DeFi) sector fails to fully shake off the bear market lull. Block...

1 year ago

Uncertainties around the upcoming third quarter seemingly caused stocks to fall.

Tesla reports no change to $184M Bitcoin holdings amidst record $25B revenue

Tesla reported no change to its digital asset holdings during its Q2 2023 investor report, as seen in its shareholder deck on July 19. That document indicates that Tesla held...

1 year ago

Solana’s price (SOL) has increased massively since June 10. The upward movement caused a breakout from both diagonal and horizontal resistance levels

Solana (SOL) Riding High: Is $40 Price Target in Sight Following Breakout?

The price movement and various indicators offer additional evidence to support the ongoing upward trend, enhancing the probability that the SOL price will continue its ascent in the ne...

1 year ago

The bill still requires Vladimir Putin’s signature, but if approved, Russia will become one of the largest adopters of CBDCs to date.

Russia to Start Testing ‘Digital Ruble’ CBDC in August Barring Putin's Veto

Russia could start testing its ‘digital ruble,’ a central bank digital currency (CBDC), in just a few weeks. A bill granting legal authority to the central bank digital cur...

1 year ago

Some of ChatGPT's responses have shown the model's accuracy deteriorated over the last few months and researchers can't figure out why.

ChatGPT’s capabilities are getting worse with age, new study claims

OpenAI’s artificial intelligence-powered chatbot ChatGPT seems to be getting worse as time goes on and researchers can’t seem to figure out the reason why. In a July ...

1 year ago

Chris Amani, a Terra employee since 2021, has reportedly been serving as the company’s CEO for months.

Terraform Labs appoints new CEO from existing team

As the co-founder of Terraform Labs, Do Kwon, is facing possible extradition to South Korea or the United States from a jail cell in Montenegro, the company has appointed a new CEO. Kwon still r...

1 year ago

While the adoption and use cases of China’s central bank digital currency are expanding, the digital yuan still only represents 0.16% of China’s monetary supply.

China’s digital yuan nears $250B transaction volume: Central bank governor

Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank governor ha...

1 year ago