Wollito UAB

A consortium of Nigerian banks, fintechs and blockchain companies is developing the first regulated Naira stablecoin, cNGN.

Nigeria to launch first regulated stablecoin

The new stablecoin cNGN will be a consortium-based compliant and regulated Naira stablecoin. cNGN will be pegged 1:1 to NGN, but unlike previous stablecoin drafts, it will be owned by Niger...

8 months ago

The exchange’s co-founder pled guilty and agreed to dissolve the exchange. The French authorities seized the exchange’s assets earlier.

Crypto Exchange Bitzlato “Temporarily” Halts Withdrawals

The troubled crypto exchange Bitzlato has suspended withdrawals and technical support to its customers, calling it a “temporary measure.” The suspension occurred weeks after the co-f...

8 months ago

Bitcoin Price Cross Above $43,000

Korean Traders Drive Bitcoin SV (BSV) Surge, Price Soars by 65% in 24 Hrs

Bitcoin SV (BSV), a cryptocurrency fork of Bitcoin, has experienced a notable surge of 65% within the past 24 hours, with Upbit, South Korea’s largest exchange, emerging as the focal point...

8 months ago

CAKE’s Emission Rate Continue to Decline

PancakeSwap Developers Launch Proposal to Reduce CAKE Token Supply by 300 Million Tokens

Decentralized exchange (DEX) PancakeSwap has introduced a proposal to significantly decrease the maximum supply of its native ecosystem token, CAKE. The developers seek to reduce...

8 months ago

The country’s personnel management ministry said that it will have some 5,800 officials disclose details of their cryptocurrency holdings.

South Korea to disclose top public officials’ crypto holdings next year

South Korea will have its high-ranking public officials disclose crypto holdings starting next year, the country's personnel ministry said. The Ministry of Personnel Management&nbs...

8 months ago

The criteria for obtaining an HKMA license will include full backing of all circulating stablecoins with reserves “at least equal to the par value.”

Hong Kong to oblige stablecoin issuers to obtain license — consultation paper

Hong Kong has proposed it will accept and regulate fiat-referenced stablecoins (FRS), but issuers will be obliged to obtain a specific local license. This is one of the main points of ...

8 months ago

Grayscale Bitcoin ETF Adopts Cash Redemption

Grayscale Submits Bitcoin ETF Filing with SEC to Adopt Cash Redemption Model

Grayscale has submitted an updated filing to the Securities and Exchange Commission, paving the way for its GBTC to transition into a spot Bitcoin exchange-traded fund (ETF) with the a...

8 months ago

Building for the future

KyberSwap’s CEO Says Staff Strength Reduced by 50% Following Exploit and Related Challenges

KyberSwap’s CEO Victor Tran says the company has reduced its staff by 50% following a $48 million exploit last month stressing on keeping operations running and compensating all affected u...

8 months ago

Bankrupt companies FTX and Alameda have transferred millions of Solana (SOL) tokens over the past two months.

FTX and Alameda transferred over 13m SOL in the last two months

According to Spot On Chain, the two firms transferred 13.22 million SOL to the exchange between Oct. 24 and Dec. 14, 2023. The bankrupt exchange additionally possesses another 2 millio...

8 months ago

Gensler Gets Community Noted

SEC Chair Gary Gensler Gets Community Noted on X for Warning Against Crypto

US SEC chair Gary Gensler earlier posted a video message on X warning crypto firms against non-compliance and calling the space “wild west.” Elon Musk-owned X, formerly Twitter, was ...

8 months ago