Wollito UAB

Part of the plea deal involved Juan Tacuri forfeiting nearly $4 million and real estate which were purchased with victim funds.

Top promoter in Forcount ‘Ponzi’ pleads guilty to wire fraud conspiracy

One of the main promoters behind the Forcount cryptocurrency Ponzi scheme has pleaded gu...

3 months ago

Zone’s layer-1 blockchain is purportedly Africa’s first decentralized, cross border, currency-agnostic payments solution.

Zone launches PoS gateway with instant settlements

Zone, the company behind Africa’s first regulated blockchain network for payments, announced the launch of its new “ZonePOS” point-of-sale payment gateway solution on June 5.&n...

3 months ago

Turkey has dismissed levies on profits from stocks and cryptocurrencies but is exploring a transaction tax as part of efforts to regulate the tax on financial transactions.

Turkey denies plans to tax crypto, stock gains

Turkey has dismissed plans to impose taxes on profits from stocks and cryptocurrencies but suggested a “very limited” levy on transactions. According to Bloomberg, Treasury...

3 months ago

McDonald’s Singapore launches the ‘My Happy Place’ metaverse, letting locals build virtual burgers, play multiplayer games, and earn rewards.

McDonald’s metaverse debuts in Singapore

American fast food chain McDonald’s launched the “My Happy Place” metaverse in Singapore, allowing locals to build virtual burgers and participate in other activities.

3 months ago

The agreement, which is subject to court approval, resolves a major hurdle for the FTX bankruptcy process.

FTX reaches $200M settlement with IRS on tax bill

Bankrupt crypto exchange FTX reached a tentative agreement with its largest creditor, the United States Internal Revenue Service (IRS). According to a June 3 filing, the exchange and t...

3 months ago

The U.S. politicians have accused Nigeria’s government of charging Gambaryan, a Binance compliance officer and former federal agent, with “baseless” crimes.

Politicians urge Biden to bring back Binance exec from Nigeria

Several United States politicians have reportedly asked President Joe Biden and the hostage affairs unit to try to bring Binance employee Tigran Gambaryan home, who has been held in Nigeria for ...

3 months ago

Fidelity’s Bitcoin fund led the pack with $378.7 million in net inflows on the U.S. spot Bitcoin ETFs second-highest joint net inflow day, according to preliminary data.

Bears rekt: Bitcoin ETFs see runner-up record day with $887M inflows

United States-based spot Bitcoin exchange-traded funds (ETFs) saw their second-best-ever joint net inflow day of $886.6 million, according to preliminary data. The Fidelity Wise O...

3 months ago

Regulatory uncertainty is holding back the $20 trillion dollar financial advisory industry from investing more in crypto, claims Bitwise investment head Matt Hougan.

US political change could expose crypto to $20T industry: Bitwise

The crypto space could be exposed to the trillions in the financial advisory industry once United States regulators clear up legal uncertainties, says crypto asset manager Bitwise’s invest...

3 months ago

Bitcoin price may be closer to the big milestone $100,000 mark than many realize as a looming banking crisis could see BTC become the new "safe haven asset."

63 US banks on the brink of insolvency: Why Bitcoin's next target is $100K

Bitcoin could be on track to the psychological $100,000 mark as the "digital gold" narrative gains more prominence as another banking crisis looms in the United States. ...

3 months ago

To keep up with the declining Bitcoin rewards, Riot Platforms opened a new mining facility near Corsicana, Texas.

Bitcoin halving impacts miner Riot’s revenue by 43% despite new facility

Bitcoin miner Riot Platforms produced 215 BTC in May, a 43% decrease from last month. The decrease in mining revenue is a direct impact of the April 20 Bitcoin halving o...

3 months ago