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Figure Abandons Quest to be U.S. Chartered Crypto Bank After Three-Year Fight


Figure Technologies, Inc., has pulled its application to become a federally chartered bank in the U.S., ending a three-year rollercoaster ride as regulators clamped down on crypto activity and digital assets banking suffered a black eye when regional lenders associated with the tech world cratered...

GHO and FDUSD Stablecoins See Massive Supply Growth in Recent Debut


In a recent turn of events, the cryptocurrency world has been introduced to two stablecoins anchored to the U.S. dollar — Aave’s gho (GHO) and First Digital’s stablecoin FDUSD. These dollar-tied tokens have rapidly gained momentum, witnessing substantial growth in market...

Trescon ABC: Unveiling a symphony of innovation & digital transformation


Singapore witnessed a successful convergence of global tech leaders, cutting-edge innovation, and insightful deliberations on the latest trends that dominate the emerging technology space. Day 1 of the World AI Show, World Blockchain Summit, and World CX Summit (#TresconABC) concluded with...

Mediation Period for Bankrupt Crypto Firm Genesis Nearing End, Deal Uncertain


Mediation between bankrupt cryptocurrency lender Genesis Global Holdco and creditors is set to conclude by August 16, but a deal is yet not certain.  Speaking during a hearing before US Bankruptcy Judge Sean Lane, company lawyer Sean O'Neal said the mediation period would not be extended if...

UAE introduces digital identity across service systems


UAE, the United Arab Emirates, has made a decision to advance its efforts in transforming the region digitally. The most recent development comes in the form of the UAE Pass, a digital identity that grants access to its citizens to over 6,000 services. These include public and private services...

Binance Japan to Launch With 34 Listed Cryptocurrencies


Binance, which is preparing to launch its new Japanese platform in August, will offer users the opportunity to trade 34 coins, local crypto media reported. Besides major cryptocurrencies such as bitcoin and ether, Binance’s own token will also be among the listed digital assets. Binance...

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