Wollito UAB

21 people were sentenced in a case involving converting 'dirty' USDT to RMB.

Crypto at the Center of $300M Fraud Case in China

A court in Tongliang, China – located near Chongqing – has sentenced 21 people for their role in transferring the proceeds of online fraud and illegal casinos denominated in Tether&n...

10 months ago

Following BlackRock's application, another Bitcoin Spot ETF application seems to have been added to the DTCC list.

Another Bitcoin Spot ETF Application Added to DTCC List BlackRock – What Does It Mean?

According to the latest development, after BlackRock's spot Bitcoin ETF application, another spot Bitcoin ETF application, INVESCO & Galaxy Spot BITCOIN ETF (BTCO), was also added to the...

10 months ago

South Korea’s Busan city is officially seeking operators for its forthcoming Busan Digital Asset Exchange.

Busan City Seeks Operators for the Upcoming Busan Digital Asset Exchange

According to a notice issued by Busan City and reported by MarsBit news, the selection process for operators for the Busan Digital Asset Exchange is currently underway. Busan Dig...

10 months ago

The Commodity Futures Trading Commission (CFTC) has announced the award of $16 million to whistleblowers this year with a significant amount going to crypto-related cases.

CFTC Discloses $15 Million Payment to Crypto Whistleblowers

In an Oct 31 press release, Commissioner Christy Goldsmith Romero speaking on the Whistleblower policy highlighted the achievements, awards offered, and associated judgments as financial re...

10 months ago

Bitcoin and Halloween

A Halloween Blessing: Why Today Is Important For Bitcoin

October 31 marks an important day in the history of Bitcoin as 15 years ago, Bitcoin’s founder, Satoshi Nakamoto, first published the cryptocurrency’s whitepaper. ...

10 months ago

Disgraced former CEO of crypto exchange FTX admits to disparaging regulators on third day of testimony

Sam Bankman-Fried denies messy hair part of ‘tech genius’ persona during trial

Sam Bankman-Fried testified in his own blockbuster crypto trial again Monday, with prosecutors grilling the one-time crypto mogul about the many discrepancies between his public and private...

10 months ago

The U.K. government published its response to a consultation paper issued earlier this year, which outlined recommendations on how the crypto industry should be regulated.

UK confirms plans to regulate crypto industry with formal legislation

The U.K. government on Monday confirmed plans to regulate the cryptocurrency industry, announcing in a consultation paper that it will look to bring in formal legislation for crypto activities b...

10 months ago

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few months.

Kenya to introduce digital IDs for citizens by year-end

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few months. According to the president of Kenya, Wil...

10 months ago

Terraform Labs and co-founder Do Kwon have filed a motion for summary judgment against the U.S. Securities and Exchange Commission (SEC), seeking to dismiss allegations of multi-billion-dollar securities fraud.

Do Kwon and Terraform Labs Submit Motion for Case Dismissal against U.S. SEC

This move could prevent a lengthy trial if the judge rules in Terraform’s favor. In the motion, Terraform Labs and Do Kwon assert that the SEC has failed to provide ample evidenc...

10 months ago

Estimates in September revealed that at least $35 million in crypto has been stolen from victims of the LastPass breach since 2022, with the latest hack adding to the toll.

Crypto thief steals $4.4M in a day as toll rises from LastPass breach

At least 25 people have reportedly seen $4.4 million in crypto drained from across 80 wallets due to a 2022 data breach that impacted password storage software LastPass. In an Oct. 27 ...

10 months ago