Wollito UAB

Defining ‘Income’ in the Digital Age

This Supreme Court Case and IRS Broker Rule Together Could Redefine Crypto Taxation

A critical Supreme Court case and its ruling could redefine the taxation of digital assets. Intersecting with the vexed IRS broker rule announced earlier, this case may potentially reshape crypt...

9 months ago

Experts say this has been fuelled by expectations of the US Fed cutting interest rates in 2024 and the eventual approval of a Bitcoin ETF

Bitcoin crosses $40,000 mark. Why is crypto rising again?

The crypto market is witnessing its best performance since May 2022, with Bitcoin and Ethereum breaching the $41,000 and $2,200 marks, respectively. The latest rally has taken the total crypto m...

9 months ago

The Hong Kong Securities and Futures Professional Association also suggested that the region’s authorities could implement Islamic Banking.

Hong Kong securities association suggests ICO to boost economy

The suggestion that Hong Kong could make an initial coin offering (ICO) appeared in a list of propositions formulated by the Hong Kong Securities and Futures Professional Association to revitali...

9 months ago

The Philippine SEC announces plans to block Binance access, cautioning against unregistered investments and warning of legal repercussions for promoters.

Philippines SEC to restrict Binance, warns of legal risks for promoters

The Philippine Securities and Exchange Commission (PSEC) has initiated measures to restrict the accessibility of the Binance trading platform within the nation. According to the regulators,...

9 months ago

Firms FTX and Alameda transferred $10.8 million in cryptocurrency to the Wintermute, Binance and Coinbase exchanges.

FTX and Alameda transferred $10.8m in cryptocurrency to three exchanges

According to Spot On Chain, the companies — now under receivership — transferred $10.8 million in eight crypto assets: 10 million StepN (GMT) ($2.58 million), 407,000 Uniswap (UNI) (...

10 months ago

Hacker Attacks Resulted in $335 Million Loss Alone

Over $356M Lost to Hacks, Phishing Scams and Rug Pulls in Crypto in November: Beosin

Beosin EagleEye’s latest report exposes a massive surge in blockchain security incidents during November 2023, leading to a staggering total loss of over $356 million. ...

10 months ago

SEC Meets with Grayscale to Discuss its Bitcoin ETF Filing

SEC Holds Meetings with Grayscale, BlackRock on Bitcoin ETFs

The U.S. Securities and Exchange Commission (SEC) has recently held meetings with Grayscale and BlackRock to discuss their filed applications regarding spot Bitcoin exchange-trade...

10 months ago

Eligible participants can withdraw 72.5% of their cryptocurrency holdings minus transaction fees.

Celsius grants access to withdrawals for eligible crypto holders

Bankrupt cryptocurrency lending platform Celsius has started withdrawals for select users in a crucial development for the company and its clients amid financial instability and legal issues.

10 months ago

People who were aware of CBDCs were more reluctant to adopt the technology when compared with those who didn’t know about it.

Digital Canadian dollar fails to impress despite high awareness

A recent public consultation on Canada’s central bank digital currency (CBDC) initiative revealed an overall negative sentiment from Canadians, confirming the Bank of Canada’s c...

10 months ago

Robinhood CEO Vladimir Tenev said in an interview with Bloomberg that the company is still focused on its global aspirations, and its U.K. expansion is one step toward that.

Robinhood to roll out US stock trading in British market

In another attempt to expand its business internationally, online trading platform Robinhood has announced plans to launch its stock exchange application in the United Kingdom. I...

10 months ago