Wollito UAB

US dollar stablecoins might be the most commonly traded crypto against Turkish lira, but memecoin PEPE has attracted plenty of volume

Turkish traders piled into PEPE and bitcoin as lira collapsed

Turkey’s currency, the lira, has tanked by 25% against the US dollar since April, and by more than 80% over the past five years. Memecoin PEPE has apparently offered salvation to some....

1 year ago

Sui was accused of dumping locked and non-circulating staked SUI tokens on Binance.

Sui Foundation denies it sold locked staking rewards on Binance

The team behind the Sui network and its native SUI token has denied allegations that they unlocked SUI staking rewards and “dumped” them on cryptocurrency exchange Binance&...

1 year ago

“Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks,” said FSA official Mamoru Yanase.

Japanese and Singaporean regulators join forces on crypto pilot project

On June 26, Japan’s financial regulator, the Financial Services Authority (FSA), announced a partnership with the Monetary Authority of Singapore (MAS) for the joint regulation a...

1 year ago

Bitcoin ETFs (exchange-traded funds) are back in favor among crypto derivatives traders

Crypto Derivatives Traders Favoring Bitcoin ETFs Over Weaker Ethereum Funds

Bitcoin ETF Fever Back On June 27, derivatives trading analysis feed ‘Greeks.live’ reported that the latest wave of B...

1 year ago

The UK’s plans for its central bank digital currency, dubbed Britcoin, may go ahead without the use of blockchain technology, according to the Bank of England.

Bank of England May Ditch Blockchain for Its ‘Britcoin’ CBDC

Tom Mutton, the head of the Bank of England’s CBDC project, told Bloomberg: “We definitely want to be compatible with distributed-ledger business models in the pr...

1 year ago

The EU has reached a political agreement on regulations to safeguard the financial system from “unbacked cryptocurrencies” and strengthen banks.

EU Reaches Agreement on Crypto Asset Regulations in Banking

The European Union (EU) has reached a political agreement on changes to the Capital Requirements Regulation and Directive, including new regulations for crypto assets. This move comes in respons...

1 year ago

Daily trading volume between USDT and RUB reached almost $15 million shortly after the start of the riot.

Russian Ruble-USDT Trading Volume Hits a 6-Month High Amid Wagner Mutiny

The rebellion which Wagner Group (a Russian private military company comprised of mercenaries) led against Putin’s regime seems to have caused an increased interest in trading Ruble agains...

1 year ago

CoinShares’ latest weekly inflow report shows a substantial increase in investor appetite for digital asset investment products, with Bitcoin leading the rally.

Crypto investment products see largest weekly inflow since July 2022

Totaling $199 million, inflows for the week of June 19–23 turned around a nine-week string of consecutive outflows, with Bitcoin BTC $30,369 representing the lion’s share a...

1 year ago

During a panel at the Australian Blockchain Week, executives from Australia’s major banks explained why they added restrictions on payments to local crypto exchanges.

Australian banks claim 40% of scams ‘touch’ crypto as it defends restrictions

Australia’s cryptocurrency industry banking woes will likely continue, with the government and major banks signaling no intention to back down against scams that “touch” crypto...

1 year ago

Thousands in grants were given out by former FTX executives for niche projects, according to a report by FTX restructuring chief John Ray.

FTX splurged on cartoon, book about humans and ‘Pineapple House,’ alleges CEO

A June 26 report from FTX restructuring chief and CEO John Ray laid out the uses of the allegedly misappropriated customer funds. According to the report, this included ...

1 year ago