Asia’s leading trust company and qualified custodian, First Digital, is making waves in the global financial ecosystem with the recent disclosure of its new stablecoin, First Digital USD (FDUSD). Launched by FD121 Limited under the brand “First Digital Labs,” this novel stablecoin pledges to bring stability, diversification, and innovation to the existing financial landscape. Stablecoins,

Crypto assets should be managed as securities by default, and the independent body that govern decentralized finance (DeFi) should be granted legal status, in regard to a study certified by lawmakers at the European Parliament which was published recently. The report appears as the European Union bring to a conclusion its Markets in Crypto Assets (MiCA)

Lamar Olive Oil has issued an on-chain bond using Obligate in a first for the sustainable-agriculture industry, the Switzerland-based decentralized finance (DeFi) platform said in a recent press interview. The French company’s bond is the first issuance to be denominated in Membrane Finance’s EUROe, which the company says is the only EU-regulated crypto stablecoin. The

Venture capital company Tribe Capital, has introduced a new crypto fund and is targeting a $100 million raise for the fund. San Francisco-based Tribe, which has $1.6 billion in assets under management, plans to make early-stage investments of $500,000-$3 million in layer 1 and 2 ecosystems, decentralized finance (DeFi) projects and infrastructure plays to bring

Transak a web3 payment startup has raised $20 million in a Series A funding round led by early-stage venture capital firm CE Innovation Capital. The new capital will be used toward a continued global expansion and to help build out the onboarding solutions, including those for Web3 games and financial applications, according to a press

Tether – the issuer of stablecoin USDT – has invested in an energy production and sustainable bitcoin (BTC) mining facility in Uruguay, the company announced Tuesday in a press release. The firm is collaborating with a “local licensed company” and is actively recruiting, according to the release, which did not disclose amounts of the investment or the

Japan-headquartered crypto exchange bitFlyer is implementing tough anti-money laundering measures in line with global financial crime watchdog FATF’s “Travel Rule” for information sharing on transfers, the company announced on Tuesday. The measures that went into effect Tuesday afternoon local time include restrictions on transfers from the exchange to platforms that don’t comply with Travel Rule Universal Solution

The Reserve Bank of India (RBI) is trying to expand the global narrative around cryptocurrencies beyond “financial stability and integrity to macro-financial and cross-sectoral implications and risks of crypto-assets,” the central bank said in its annual report published on Tuesday. The move is seen as a step to attract attention towards how crypto can hurt or completely

In a surprise announcement BKEX, one of the major cryptocurrency exchanges, has temporarily suspended user withdrawals due to alleged involvement in money laundering activities. The company is currently assisting police in their investigations, taking this step as a precautionary measure to support the law enforcement’s evidence-gathering process. The exchange has reportedly been cooperative with regulatory

Worldcoin, the cryptocurrency project led by Tools for Humanity, has achieved significant milestones in its mission to drive adoption and empower users within the blockchain space. As reported on their official Twitter account, World App has emerged as the largest deployer of Safe wallets on the Polygon(Matic) blockchain. This achievement highlights the platform’s dedication to

According to Token Unlocks data, a significant amount of Optimism’s OP tokens is scheduled for release on May 31st. A total of 386,547,056.64 OP tokens, equivalent to approximately $587 million and accounting for 9% of the total supply, are set to be unlocked. This includes 204,010,947 OP tokens for core contributors and 182,536,110 OP tokens

Harnessing AI’s potential responsibly through energy efficiency and sustainable practices.The past several years have seen artificial intelligence (AI) emerge as a global transformative force possessing the power to revolutionize several industries. From autonomous vehicles to smart home devices, AI-driven solutions have permeated various aspects of our lives, promising increased efficiency and convenience. However, alongside these

Bankrupt crypto lender Genesis Global Capital and exchange platform Gemini are asking a U.S. court to dismiss a lawsuit by the Securities and Exchange Commission alleging the two sold unregistered securities, court filings from Friday shows. The SEC, in a lawsuit filed in January to a New York Court, targeted Gemini’s yield-bearing product Earn, an unregistered offering

Dogecoin (DOGE), the meme cryptocurrency known for its rapid price moves, has been unusually calm this year, underperforming market leaders bitcoin (BTC) and ether (ETH) by a significant margin. One technical analysis indicator called Bollinger bandwidth suggests it may be the calm before the storm. The indicator illustrates periods of varying volatility relative to the

Fantom blockchain will reward projects that utilize its network and contribute toward high usage of gas fees in a bid to drive increased demand for block space, developers said on Sunday in a tweet. Eligible applications will be rewarded 15% of the gas fees they produce, providing developers with marginal extra income. This is part of

Floki (FLOKI) spiked over 10% recently and saw its highest trading volumes in over three weeks as traders bet on the tokens amid a China-focused push for its Valhalla metaverse game. Trading volumes for the tokens, which are fashioned after the Shiba Inu dog breed, jumped to over $60 million, up from last week’s $25

Singapore’s Temasek Holdings, one of the country’s sovereign wealth funds, has pledged to take “collective accountability” for its ill fated $275 million investment in collapsed crypto exchange FTX. In a statement released recently, the fund said there was “fraudulent conduct intentionally hidden from investors, including Temasek.” “Although there was no misconduct by the investment team

The Official Committee of Unsecured Creditors of FTX, a now-bankrupt cryptocurrency exchange, has publicly responded to the U.S. Internal Revenue Service’s (IRS) staggering $44 billion in claims against various debtors affiliated with FTX. The committee made the acknowledgment via a recent tweet, stating: “On April 27 and 28, the U.S. Internal Revenue Service submitted numerous

Beijing’s municipal government has unveiled a white paper to foster innovation and advance the Web3 industry. The “Web3 Innovation and Development White Paper” was revealed at the Zhongguancun Forum by the Beijing Municipal Science and Technology Commission, also known as the Administrative Commission of Zhongguancun Science Park. According to a local news outlet, The Paper, the document recognizes

Patricia — a Nigerian gift card and crypto trading platform — has encountered a security breach, prompting immediate measures to safeguard its users. As a precautionary step, the platform has temporarily suspended fund withdrawals. The company announced it was a victim of a security breach that compromised its Bitcoin and naira assets. In the message it sent to users, it said

The governance tokenholders of Tornado Cash will soon regain control over the protocol’s operations, thanks to an unexpected proposal put forward by the attacker. This development allows the community to regain authority and steer the protocol toward recovery and improved security measures. On May 26, the proposal to restore control to the original governance tokenholders of

Wendy’s has announced a partnership with Google Cloud to launch an AI chatbot called “Wendy’s FreshAI” that will take orders from drive-thru customers. Over 75% of Wendy’s customers prefer to place their orders via drive-thru, making this an important area for the fast-food chain to focus on. The chatbot will use natural language processing to

Over 1.7 million verified members of the Stargate community have voted in favor of a proposal. Stargate, a cross-chain bridge protocol called LayerZero, has taken action following a significant incident called “force majeure” that affected Multichain. The concerns mainly revolve around anyUSDC, which is the primary USDC asset on the Fantom network, and its stability.

According to blockchain security firm PeckShield, Jimbos Protocol the liquidity protocol of the Arbitrum system — was hacked recently.The attack resulted in the loss of 4,000 Ether (ETH), worth approximately $7.5 million at the time. The attacker used the lack of slippage control over tokens to steal the funds. Adding to the growing number of

Blockchain startup accelerator Cronos Labs has announced the launch of its second cohort for the Cronos Accelerator Program. The program, backed by a substantial $100 million investment, aims to support early-stage crypto projects by providing mentorship and funding opportunities.  According to an announcement, Cronos Labs handpicked eight projects to participate in their accelerator program. Each of

Lybra Finance, a protocol built on liquid staking derivatives that aims to provide a decentralized interest-bearing stablecoin, has seen its total value locked (TVL) skyrocket nearly 400% in the past two weeks, nearing $100 million as of Friday. Launched one month ago, Lybra’s surge in TVL coincides with Lido upgrading to its second version on

Venture capital fund Andreessen Horowitz, also known as A16z, has released a Solidity library that can be used for anonymous voting on Ethereum. Called “Cicada,” the library prevents an individual voter’s choice from being known before polling ends. When combined with zero-knowledge group membership systems like Semaphore, it can also make the identity of the voter

Platinium Group, the leading ticket issuer for Formula 1, is releasing non-fungible token (NFT) race tickets starting with the Monaco Grand Prix this weekend. Platinium Group has teamed up with blockchain infrastructure company Elemint and Web3 agency Bary to help create, mint and sell the NFT tickets. According to a press release, the tickets will

Platinium Group, the leading ticket issuer for Formula 1, is releasing non-fungible token (NFT) race tickets starting with the Monaco Grand Prix this weekend. Platinium Group has teamed up with blockchain infrastructure company Elemint and Web3 agency Bary to help create, mint and sell the NFT tickets. According to a press release, the tickets will

US Bitcoin Corp. (USBTC) is looking to be one of the largest miners in the U.S. by increasing its computing power by 12.2 exahash/second (EH/s), following a deal to buy mining assets from bankrupt lender Celsius, according to a press release. The miner is part of a consortium, named Fahrenheit, that won a bankruptcy auction