Wollito UAB

The institutional digital asset trading platform unveiled in 2018 amid huge fanfare has just disclosed it “might not be able to continue as a going concern.”

Bakkt, once touted as Bitcoin’s ‘savior,’ is running low on cash

Crypto company Bakkt, which launched in 2019 and is backed by the Intercontinental Exchange (ICE), has just warned it may not have enough cash to stay in business over the next 12 months. ...

7 months ago

Friendzone Joins the Fray Following Friend.Tech’s Journey

SocialFi Project Friendzone to Debut on Polygon Blockchain

Decentralized social marketplace Friendzone is hopping on the Polygon blockchain for a Feb. 26 launch, and eyeing a move to Polygon zkEVM down the line. The app is said ...

7 months ago

Bridgetower ME Launches to Boost Digital Asset Sector in UAE

Bridgetower Capital and Deus X Capital Launch $250 Million Digital Asset Platform in UAE

Bridgetower Middle East, established by Bridgetower Capital and Deus X Capital, launched a digital asset platform in Abu Dhabi to cater to institutional investors in the UAE ...

7 months ago

CleanSpark expects its operating hash rate to double in time for Bitcoin’s halving once it spins up the mining rigs from four recently purchased facilities.

Bitcoin miner CleanSpark set to double hash rate as halving approaches

CleanSpark is set to double its hash rate in the first half of 2024 after the Bitcoin miner agreed to purchase four new mining facilities before the cryptocurrency mining reward is halved.

7 months ago

Penned by veteran finance experts, the book about assetization aims to bring awareness to a dormant $78 trillion market.

Assetization becomes key topic at Davos 2024: Here’s what it means

The tokenization of real-world assets (RWAs) has become a hot topic in digital finance in 2023. Establishing an investable market out of illiquid assets through the use of blockchain t...

7 months ago

U.S. Congress members have challenged Treasury Secretary Janet Yellen‘s call for stronger crypto regulation, pointing out the Howey Test’s shortcomings in consumer protection in a recent letter.

US Congress challenges Yellen on crypto regulation, seeks clarity on Howey Test’s role

A new letter published by US members of Congress asks for clarity on the role of the country’s top regulatory in adopting crypto specific legislation. The letter was ba...

7 months ago

MetaMask Integrates with Robinhood for Direct Crypto Access

MetaMask Partners with Robinhood to Simplify Crypto Transactions

MetaMask has collaborated with Robinhood to enable direct crypto purchases for users, according to a press release shared with Cryptonews on Feb.7. MetaMask’s...

7 months ago

Thailand Suspends 7% VAT Requirement

Thailand Pushes Towards Digital Asset Hub with Introduction of VAT-Free Crypto Trading

In a move to position Thailand as a leading digital asset hub, the country’s Finance Ministry has announced the exemption of value-added tax (VAT) on digital asset trading. The d...

7 months ago

A decision for approving or denying a joint Ether ETF product has been pushed back, in line with analyst expectations.

SEC Delays Another Ether ETF Application

The U.S. Securities and Exchange Commission (SEC) on Tuesday delayed a decision on a spot ether (ETH) exchange-traded fund (ETF) jointly proposed by Invesco and Galaxy Digital, a ...

7 months ago

Grayscale CEO Michael Sonnenshein urged regulators to approve spot Bitcoin exchange-traded fund (ETF) options in a statement on Feb. 5.

Grayscale CEO advocates for spot Bitcoin ETF options to gain approval

He noted that the New York Stock Exchange (NYSE) and other national securities exchanges have recently submitted filings that would allow options trading on commodity-based ETFs like Grayscale&r...

7 months ago