In a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX) ecosystem, has revealed that First Digital Trust (FDT), a tech-driven financial institution based in Hong Kong, is effectively insolvent and unable to cover its obligations. In an X post on April 2nd during the late Western financial markets, Sun noted … Read more
A report conducted by Implement Consulting Group and commissioned by Google examines a highly important group of companies termed ‘innovative digital businesses’. Delivered in partnership with Scale Ireland, the event aims to promote discussion around the opportunity of AI for Ireland’s indigenous tech start-up and scale-up companies. Innovative digital businesses are defined as businesses likely … Read more
KEY ($0.00) TAKEAWAYS The Cardano Foundation has launched Veridian, an open-source digital identity platform, to enhance user control over digital credentials and data security. Veridian addresses the limitations of centralized identity solutions by utilizing decentralized protocols and a zero-trust network infrastructure. The Veridian Wallet offers a user-friendly mobile app for managing private keys and credentials, … Read more
Quick take: The Hong Kong-based stablecoin issuer has since made a statement vowing to pursue legal action against Sun. The FDUSD later recovered to trade around $0.98 to USDT on Binance. First Digital Trust also managed reserves for TrueUSD (TUSD) when it fell below the $1 peg in January last year. FDUSD, the stablecoin issued … Read more
El Salvador’s Stock Exchange (BVES) is the first in Latin America to offer digital assets. Digital Exchange, BVES’ digital arm, will provide products after receiving the go-ahead from the National Commission for Digital Assets (CNAD) to be a digital asset provider. BVES claims it is the first regional stock exchange to establish a platform dedicated … Read more
FDUSD, the stablecoin issued by Hong Kong-based First Digital, has wobbled from its $1 price peg as investor concerns mounted over its reserves, though the company said Wednesday that it was “completely solvent.” FDUSD has dropped to 0.87 against Tether’s USDT stablecoin and 0.76 against Circle’s USDC on Binance, the main exchange where FDUSD is … Read more
South Korea’s 7-Eleven stores are now accepting the Bank of Korea’s central bank digital currency (CBDC) as part of a limited-time test that runs through June. The company is participating in the “Hangang Project” pilot of the CBDC. Customers with accounts at one of seven partner banks — including Kookmin, Shinhan and Woori — can … Read more
In the three decades since Brewster Kahle spun up the nonprofit Internet Archive’s Wayback Machine, it has scaled up to include government websites and datasets—many of which are essential to the engineering and scientific communities. U.S. government agencies like the National Science Foundation, Department of Energy, and NASA are critical sources of research data, technical … Read more
Galaxy Digital, founded by Michael Novogratz, has agreed to pay $200 million in penalties to resolve allegations that it violated New York laws by promoting the cryptocurrency LUNA without disclosing its financial interests. Galaxy’s LUNA Disclosure Failure Violated NY Laws Michael Novogratz’s Galaxy Digital recently agreed to pay $200 million in penalties to resolve allegations … Read more
Crypto enthusiasts might have heard of the ERC-20 token standard, which provides guidelines to ensure that tokens created on the Ethereum smart contract blockchain are compatible and can interact with other tokens and applications within the network. A similar standard for data-backed tokens, called VRC-20, has now emerged. Vana, an EVM-compatible Layer 1 blockchain that … Read more