Wollito UAB

Cold Storage Can Allow Movement of Funds Wihtout Oversight

China Raises Alarm Over Corrupt Officials Exploiting Cold Storage Cryptocurrency for Illicit Cross-Border Transactions

Official Chinese media sources have raised concerns regarding the exploitation of cryptocurrencies by corrupt officials for illicit activities. The use of cold storage methods fo...

8 months ago

US District Judge Jed Saul Rakoff said on Thursday, Terraform Labs CEO and founder Do Kwon violated the US securities law by failing to register UST and LUNA as securities.

Terraform Labs CEO Do Kwon Violated US Securities Law, Says Judge

Rakoff, a judge at the US District Court Southern District of New York, agreed with the the Securities and Exchange Commission (SEC) that Terraform Labs offered and sold unregistered securi...

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

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

Only a day after flipping XRP, SOL has beat BNB in market cap following an 18% surge over the past 24 hours.

Solana surge continues, now flipping Binance’s BNB in market cap

A strong 18% surge in the price of Solana SOL $92 over the past 24 hours has boosted the cryptocurrency to the fourth spot in market capitalization — the first ti...

8 months ago

China Deploys Web3 Applications Across Various Sectors

China to Craft a Document for Web3 Development Involving NFTs, DApps, Cross-Chain, and Privacy Computing

The Chinese central government has revealed plans to create a strategic document to guide the development of China’s Web3 ecosystem. The document will support the growth of...

8 months ago

With the expectation of further rate cuts heading into 2024, analysts say this could be a “positive boost” for crypto stocks and investment products.

Fed pause is a ‘green light’ for investors — Here’s what it means for crypto

A decision from the United States Federal Reserve to pause and possibly lower interest rates in 2024 will likely serve as a “positive boost” for cryptocurrencies and crypto stocks.

9 months ago

Commissioners took a step toward requiring derivatives clearing organizations, a key type of middleman in the industry, to keep their customers' money segregated from their own funds.

CFTC Pushes FTX-Inspired Rule to Protect Customers' Money

The U.S. Commodity Futures Trading Commission took a step toward requiring derivatives clearing organizations, a key type of intermediary in the industry, to keep their customers' money...

9 months ago

Court Rules Against Huobi Global

Hong Kong High Court Rules Against Huobi Global in Trademark Infringement Lawsuit

The High Court of the Hong Kong Special Administrative Region has ruled in favor of X-SPOT GLOBAL LIMITED in a trademark infringement case against Huobi Global Limited. The court ...

9 months ago