Wollito UAB

Mehen Finance planned to launch USDM in early 2023 but saw delays after crypto-friendly banks shuttered in 2023 and its banking partner went to work with Circle.

Cardano finally gets fiat-backed stablecoin USDM after huge delays

Layer-1 blockchain Cardano has welcomed its first 1:1 fully fiat-backed stablecoin, USDM, the latest entrant in a $146-billion stablecoin market dominated by Tether and Circle . ...

6 months ago

Binance Labs’ portfolio averages an over 14 times return on investment rate, according to the announcement.

Binance cuts ties with venture capital arm

Binance Labs has become an independent venture capital arm, after severing ties with Binance exchange. The independent VC fund’s portfolio is now worth over $10 billion, covering...

6 months ago

The court dismissed the corporate regulator’s legal action, saying Finder Earn wasn’t a debt security and didn’t require a financial license.

Australian crypto firm Finder’s Earn product was compliant, court finds

An Australian federal court has dismissed a lawsuit bought by the country’s corporate regulator against a sister company of Australian fintech firm Finder.com, after finding its yield-bear...

6 months ago

Bitcoin ETFs shattered records with a 14,261 bitcoin purchase on March 12, as a former Swiss Bank Director shed light on the changing Bitcoin ETF investment scene.

Ex-Swiss bank director discusses the future of Bitcoin ETFs after record-breaking trading day

On March 12, net spot Bitcoin ETF inflows surpassed $1 billion, with Blackrock’s IBIT product reaching a record $849 million inflow and exceeding 200,000 BTC in assets under...

6 months ago

The SEC has charged 17 individuals for their involvement in a $300 million Ponzi scheme targeting predominantly Latino investors through the so-called CryptoFX LLC.

SEC charges 17 individuals in $300m crypto Ponzi scheme

The U.S. Securities and Exchange Commission (SEC) has brought charges against 17 individuals implicated in a $300 million Ponzi scheme, targeting predominantly Latino investors in the U.S. ...

6 months ago

HKMA Launches Second Phase of e-HKD Pilot and Invites Industry Participation

Hong Kong Gears Up for e-HKD: Phase Two Pilot Seeks CBDC Use Cases

Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), announced today the launch of the second phase of its e-HKD pilot program. They also invite industry participan...

6 months ago

Worldcoin Orb’s Privacy Scrutiny

Worldcoin Addresses Orb’s Privacy Concerns with Third-Party Audit

Worldcoin has released the results of a third-party audit conducted by Trail of Bits focused on its iris-scanning Orb technology. According to a recent report, Tools for Humanity ...

6 months ago

Coinbase Wallet integrated Blockaid’s transaction simulation and validation five months ago to better protect users from bad actors.

Coinbase Wallet quietly integrates Blockaid security tool

Coinbase Wallet, a self-custody wallet operated by the owner of the cryptocurrency exchange Coinbase, integrated the Blockaid security tool in late 2023. Announcing the news in a joint...

6 months ago

The European Banking Authority (EBA) has published draft rules outlining the regulatory standards applicable to stablecoin issuers in relation to consumer complaints.

EU publishes final draft rules on complaints handling for stablecoin issuers

EBA worked on the draft regulatory technical standards (RTS) in collaboration with the European Securities and Markets Authority (ESMA). “In order to avoid diverging complain...

6 months ago

WILMINGTON, Delaware (Reuters) -The lawyers who voided Elon Musk's $56 billion compensation as excessive on Friday sought a record a $6 billion legal fee, payable in the electric car maker's stock.

Lawyers who voided Elon Musk's pay as excessive want $6 billion fee

"We recognize that the requested fee is unprecedented in terms of absolute size," the three law firms said in a filing with the Court of Chancery in Delaware. The fee works o...

6 months ago