Wollito UAB

The financial loss comes days after reports of Bithumb facing potential internal issues that led to the delay of its planned IPO.

Bithumb posts 57% annual loss soon after delayed IPO

Bithumb Korea, the operator of the South Korean cryptocurrency exchange Bithumb, posted a 57% loss in annual revenue for the fiscal year of 2023. The Seoul-based exchange’s annua...

5 months ago

SlowMist urges transparent DAO operations amid recent fund transfers, sparking inquiries about fund destinations.

AssangeDAO’s crypto activities suspicious, analysts urge caution

Analysts at SlowMist have raised concerns about a possible “soft rug pull” on March 10 when a 100 Ether transaction from AssangeDAO’s address went to a recipient seemingly...

5 months ago

Trading Bots Buy and Sell Based on ETF Flows Data

Trading Bots in Asia React to ETF Flows Data After Market Closure, Leading to Pronounced Swings

Bitcoin investors in Asia are experiencing significant price swings as automated trading protocols react to flows data from US exchange-traded funds (ETFs) that hold the cryptocurrency.&nbs...

5 months ago

CrowdSwap Optimistic About ETF’s Growth Trajectory

DeFi Exchange CrowdSwap Launches Decentralized Crypto ETF

Decentralized exchange CrowdSwap has launched the first decentralized crypto exchange-traded fund (ETF), comprising several crypto assets including Bitcoin and Ethereum.

5 months ago

Bitwise’s Matt Hougan said he has “extraordinary confidence” in the Ethereum ecosystem, hinting that a “great product” would be able to capture a slice of the action.

Bitwise CIO ‘excited’ for a product that gives exposure to Ethereum DeFi

Cryptocurrency asset management firm Bitwise has hinted interest in offering an exchange-traded product (ETP) covering Ethereum’s ecosystem of layer-2 (L2) networks and applications, accor...

5 months ago

Web3 Gaming is Growing

Andreessen Horowitz (a16z) Allocates $30M Funding for Gaming Startups

Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) founded by Marc Andreessen and Ben Horowitz is investing $30 million in gaming startups in the next 45 days. Andrew...

5 months ago

Leverage traders are nursing losses of over $165 million, as the price of Bitcoin tumbled 5%.

Bitcoin 5% flash crash leads to $165M in leveraged crypto liquidations

A sudden 5% drawdown in the price of Bitcoin BTC $66,162 on Tuesday has seen traders with leveraged exposure to Bitcoin and other cryptocurrencies rack up over $165 million in losses i...

5 months ago

Giga's new site harnesses otherwise wasted energy from natural gas flaring and has already mined between $200,000 and $250,000 worth of Bitcoin, says the firm's co-founder.

US Bitcoin miner Giga Energy to launch facility in Argentina

Texas-based Bitcoin miner Giga Energy has expanded its operations into Argentina as part of a move to utilize wasted energy from "natural gas flaring" on the South American nation...

5 months ago

AI tokens FET, AGIX, and OCEAN have witnessed significant gains over the past 24 hours, amidst trending discussions around the creation of a new ‘Artificial Superintelligence’ (ASI) token.

AI tokens FET, AGIX, and OCEAN surge amid merger deal into ASI token

Fetch.ai’s FET token has observed a 6% rise, with its trading price at $3.26 and a 24-hour trading volume surging by 57% to approximately $1.1 billion. Its market capitalization now stands...

5 months ago

FCA Removed Misleading Advertisements in 2023

UK Watchdog Clarifies Rules for Memes and Finfluencers in Social Media Promotions

The UK’s Financial Conduct Authority (FCA) on Tuesday issued new guidelines for financial services promotions on social media. These apply to formats like memes, reels, and gamin...

5 months ago