Wollito UAB

U.S. Senator Cynthia Lummis argued that the Department of Justice’s position on crypto self-custody conflicts with existing Treasury guidance and breaches the rule of law.

Senator Lummis challenges DOJ’s stance on private crypto wallets

Lummis (R-WY) says she opposes the Biden Administration’s criminalization efforts related to the Bitcoin (BTC) network and decentralized finance (defi). The Department of Justice...

4 months ago

The U.S. Department of the Treasury’s OFAC has sanctioned a Russian one-way attack UAV developer, which solicited donations in crypto on Telegram.

US sanctions crypto addresses tied to Russian drone developer

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on May 1 sanctioned nearly 300 individuals and entities in a bid “to limit the Kremlin’s revenue a...

4 months ago

UK Crypto Firms Face Uphill Battle as FCA Registration Process Weeds Out Many

UK FCA Dedicated 30% of Financial Crime Personnel to Monitor Crypto Companies in 2023

The UK’s financial watchdog dedicated nearly a third (30%) of its financial crime specialists to overseeing crypto asset businesses in 2023, according to a report released&n...

4 months ago

Avalanche C-Chain users can now buy AVAX directly within Web3 apps by using a widget supplied by Stripe.

Avalanche integrates with Stripe for fiat-to-crypto onboarding

The Avalanche C-Chain network has integrated with payment firm Stripe, allowing verified Stripe users to buy Avalanche’s AVAX and send it to their wallets, according to an ...

4 months ago

Apple has reportedly been luring experts from Google in its efforts to catch up with Big Tech companies in the race to develop and deploy high-level AI models.

Apple poaches Google AI staff, creates ‘secretive’ laboratory

Apple has reportedly been snatching up experts from Google in an effort to build out its own team of artificial intelligence (AI) and machine learning experts. According to a&nbs...

4 months ago

Custodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account.

Custodia Bank takes case to higher court after March setback

Custodia Bank has filed a notice of appeal with the United States Tenth Circuit Court of Appeals, challenging a lower court’s decision from March denying its attempt to officiall...

4 months ago

Tether’s brand new division Tether Evo has completed a $200 million strategic investment in the neural implant firm.

Stablecoin firm Tether invests $200M in neurotech company

Tether — the operator of the eponymous Tether USDT $1.00 stablecoin, the world’s largest stablecoin by market value — has completed a ...

4 months ago

The creator of the Bored Ape Yacht Club has been struggling with a changing market and still plans to focus on its Otherside metaverse project.

‘Lost’ Yuga Labs restructures again, with layoffs, new executive

Yuga Labs CEO Greg Solano had a “tough day,” he informed company employees in a message that he then shared with the world on X. Some of those employees had an even worse day after a...

4 months ago

The Cupertino company is also considering a partnership with Google.

Apple reportedly courting OpenAI to develop AI features for iPhone

Apple is reportedly on the hunt for a Big Tech partner to help shore up its flagging artificial intelligence (AI) offerings, with a specific focus on bringing the iPhone’s capabilities up ...

4 months ago

NH Management’s Tao Xiao explained that VARA’s objective is not to hinder progress but to secure the market’s integrity.

Dubai does for crypto what Silicon Valley did for tech — Gov’t affairs firm CEO

Although Dubai’s Virtual Assets Regulatory Authority (VARA) has deployed comprehensive requirements for the crypto space, professionals working in licensing believe that the lengthy proces...

4 months ago