Switzerland’s economy is showing early signs of complete digitalization, as digital transactions have now surpassed cash payments, according to a new survey. …
Digital
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Regulation
Hong Kong reevaluates crypto trust rules amid Justin Sun’s First Digital Trust allegations
by shayaanby shayaanHong Kong lawmaker Johnny Ng has vowed that authorities will act quickly if fraud allegations against First Digital Trust (FDT), the issuer …
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Markets
First Digital USD (FDUSD) Depegs After Justin Sun Alleges Firm Is ‘Insolvent’ and Not Fulfilling Redemptions
by shayaanby shayaanA prominent stablecoin depegged from the US dollar Wednesday morning after it was alleged that its Hong Kong-based issuer was bankrupt In …
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Finance
Russia Pushes Digital Finance for BRICS as De-Dollarization Gains Momentum
by shayaanby shayaanBRICS nations are advancing digital assets like tokenized gold and crypto to reduce reliance on dollar-based financial systems. Concerns over the U.S. …
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Markets
Stablecoins Associated with First Digital Trust (FDT) Temporarily Depegs as Justin Sun Warns of Company’s Insolvency
by shayaanby shayaanIn a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX) ecosystem, has revealed that First Digital Trust …
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Regulation
California’s Amended Digital Assets Act Would Protect Crypto Payments, Self-Custody
by shayaanby shayaanA member of the California State Assembly has introduced an amendment to a recently introduced money transmission bill that would protect the …
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Markets
First Digital to 'Pursue Legal Action' Over Justin Sun Allegations as FDUSD Drops
by shayaanby shayaanFDUSD, the stablecoin issued by Hong Kong-based First Digital, has wobbled from its $1 price peg as investor concerns mounted over its …
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Securities regulators in Vietnam and Singapore have signed a deal for bilateral cooperation to increase supervision over their respective digital asset ecosystems. …
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Adoption
BlackRock approved to offer crypto services in UK, expanding digital asset footprint
by shayaanby shayaanBlackRock has secured approval from the Financial Conduct Authority (FCA) to operate as a registered crypto asset firm in the United Kingdom. …
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The metaverse is no longer just a sci-fi idea. It’s happening! Imagine a huge digital world where people can hang out, work, …