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First Digital Trust has taken to X to defend its First Digital USD (FDUSD) stablecoin against attacks from cryptocurrency entrepreneur Justin Sun.  In the statement, First Digital claims that “every FDUSD is securely backed 1:1 by cash and cash equivalents” and adds that the firm “remains fully solvent.” Additionally, First Digital denies “any and all claims of FDT being involved in a coordinated scheme or misappropriation of funds.” First Digital stands firm: Justin Sun’s baseless accusations won’t distract from Techteryx’s own failures— our stablecoin FDUSD remains fully backed and solvent. Read our official statement. pic.twitter.com/FndxX1mCCg — First Digital (@FirstDigitalHQ) April 3, 2025 First Digital is responding to Sun and Techteryx’s (the firm behind TrueUSD) claims that First Digital had misappropriated the vast majority of TrueUSD reserves .   This portion of the reserves, currently totaling over $500 mi...

Things have changed drastically in a year, as the arrival of United States President Donald Trump is looking to drive businesses back to the North American nation. So far, it looks to be working, specifically for one of the largest sectors in the world. Indeed, Apple (AAPL), META, and Amazon (AMZN) are leading a number of tech firms pledging $1 trillion in US investments. The inauguration of President Trump saw a sea of investments come from some of the largest tech companies in the world. That has only continued less than two months into his return to the Oval Office. Indeed, the commitment was highlighted by Apple’s mammoth promise of $500 billion in US investments over the next four years. The development could work to make the country a technology hub once again. Source: Unsplash Also Read: Bank of America to Launch USD-Pegged Crypto Stablecoin Apple and Others Promise $1 Trillion in US Tech Investments The arrival of US President Donald Trump has truly been a gamechanger, in ...

In the final week of 2023, crypto currency investments surged with a $243 million inflow, reaching a yearly total of $2.2 billion, fueled by Bitcoin’s substantial 86% share and market optimism. James Butterfill, Head of Research at CoinShares, reported that Bitcoin (BTC) dominated this surge, representing 86% with over $1.9 billion in inflows, followed by Solana’s (SOL) at $167 million. However, multi-asset and BNB exchange-traded products (ETP) defied the trend, experiencing net outflows of $18 million and $1 million, respectively. The final week of 2023 saw US$243m of inflows into digital asset ETPs, bringing 2023 total flows to US$2.2bn. pic.twitter.com/EtdHQWlu2K — James Butterfill (@jbutterfill) January 3, 2024 You might also like: Crypto vs. traditional finance: what investments performed better in 2023 Comparing the data to the previous year, 2023 exhibited increased inflows. In 2022, Bitcoin funds attracted $388 million, constituting 47.5% of th...

As the famous saying goes, “History never repeats itself, but it does often rhyme,” and recently, the Nasdaq Composite index (NASX) chart has been demonstrating eerily similar movements as around 20 years ago, when the dot-com bubble imploded. Indeed, the NASX chart shared by the data analytics platform Barchart shows that the index’s current chart patterns mimic those from the turn of the century, specifically the two bottoms, followed by a top, another bottom, another top, and a beginning of a decline, as shown in an X post published on October 26. Nasdaq Composite chart since late 1990s. Source: Barchart As the X user Michael Burry Stock Tracker , who keeps track of Michael Burry’s stock portfolio, highlighted when reposting the chart, the comparison of the dot-com bust and today’s stock market was “looking a little spooky,” according to the post shared on October 26.  What happened in early 2000s As a reminder, the dot-com bubble was a stock market bubble fueled by highly...

“The gravitational pull in crypto for the time being stays in BTC,” said K33 senior analyst Vetle Lunde. The relatively lackluster performance of nine new Ethereum futures exchange traded funds (ETFs) has prompted analysts at K33 Research to urge a “ rotate back” into Bitcoin (BTC).  In an Oct. 3 market report , analysts Anders Helseth and Vetle Lunde said that it’s “time to pull the brakes on ETH and rotate back into BTC,” with the initial trading volume of Ether futures ETFs only accounting for 0.2% of what the ProShares Bitcoin Strategy ETF (BITO) amassed on its first day of trading in Oct. 2021. While the analysts noted that no one expected to see initial trading volume on the Ether futures ETFs “come anywhere close” to that of the Bitcoin futures ETFs — launched amid a raging bull market — the underwhelming first-day numbers “strongly” missed expectations. Day one trading of ETH futures ETFs accounted for just 0.2% of what BTC futures ETFs amassed in 2021. Source: K33 Research...

Telegram founder Pavel Durov has repeatedly pointed out the role of the TON blockchain in the potential Web3 journey of Telegram. The Open Network (TON), a decentralized blockchain platform originally designed by Telegram, has secured major funding from the venture arm of the cryptocurrency exchange MEXC. TON has raised an eight -figure investment from MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, the firm announced on Oct. 4. In conjunction with funding, MEXC and the TON Foundation have entered into a strategic partnership aiming to promote global Web3 accessibility by lowering the barriers of entry. As part of the deal, MEXC crypto exchange will provide marketing services and promotion for the TON-based projects listed on their platform. The firm is also set to launch a TON collateral lending service and eliminate trading fees for the TON token. "The previous cost was the same for most cryptocurrencies on their exchange," TON Foundation’s dire...

In Cointime Economics, the time Bitcoin has been held is considered when it is transacted, giving hodlers’ transactions greater weight. ARK Invest and Glassnode have released white papers describing a proposed framework for analyzing Bitcoin on-chain metric s. The new method is called Cointime Economics and introduces a new measure – the coinblock – to represent the state of the Bitcoin (BTC) network.  Cointime Economics can be used to represent Bitcoin’s economic state in place of outstanding supply. The use of the new system may improve valuation metric s and provide a new analytical tool to measure Bitcoin activity, according to authors David Puell of ARK Invest and James Check of Glassnode. They said: “The importance of a single bitcoin should vary based on the last time it moved. Upon its transfer, for example, the information value of a bitcoin that had been unmoved for 10 years is more important than one that had been unmoved for 1 week.” The reasoning behind this supposition...

Nasdaq said it remains committed to the digital asset business development and will be monitoring the market events in the near future. Global securities marketplace Nasdaq is halting the launch of its own cryptocurrency custody that it previously planned to roll out by the end of the second quarter 2023. Nasdaq has suspended the launch of its digital asset custody business because of regulatory risks in the United States, CEO Adena Friedman announced during the Q2 results call. “This quarter, considering the shifting business and regulatory environment in the United States, we have made the decision to halt our launch of the U.S. digital assets custodian business and our related efforts to pursue relevant license," Friedman stated. Nasdaq CEO still emphasized that the company remains committed to digital asset business development, stating: "We continue to build and deliver technology capabilities that position Nasdaq as a leading digital assets software solutions provi...

Understanding the time value of money is essential for making sound financial decisions and maximizing returns on investment. Time value of money, explained The time value of money (TVM) is the concept that money available today is worth more than the same amount of money in the future. While inflation gradually weakens the purchasing power of money , its worth can rise over time by being invested or earning interest. The time value of money is an essential concept in finance and investing. Based on the interest rate and the time period involved, it is used to determine the present value of future cash flows, such as investment returns or loan repayments. Related: What is opportunity cost? A definition and examples Several financial calculations — such as future value, present value and annuities — can be used to show the TVM. Understanding the time value of money is crucial in making informed financial decisions, such as comparing investment options, deciding on loan terms and p...

Discover the exciting world of Splinterlands, a P2E collectible card game featuring unique NFTs, strategic battles and player-driven markets. The development of blockchain technology and the growing adoption of nonfungible tokens (NFTs) are two factors that have contributed to the proliferation of play-to-earn collectible games. Play-to-earn (P2E) games allow players to gain benefits by participating in the game, such as in-game currency and items. This creates a new dynamic where players can profit from their in-game actions, enhancing the fun and purpose of the gaming experience. Additionally, the usage of NFTs and blockchain technology in play-to-earn games gives players greater ownership and scarcity, which increases demand and can result in higher prices for exclusive in-game commodities. Play-to-earn games like Splinterlands are thus attracting a wider audience of players and investors. This article will explain what makes Splinterlands unique, how to play it, how to earn money ...