Thailand’s Ministry of Finance will issue $150 million (5 billion baht) worth of new digital investment tokens, called G-Tokens, within two months. These tokens will allow retail investors to invest in government bonds for as little as $3, offering potentially higher returns than bank deposits. While not a debt instrument or cryptocurrency, the G-Token will … Read more
Thailand’s Ministry of Finance will issue $150 million (5 billion baht) worth of new digital investment tokens, called G-Tokens, within two months. These tokens will allow retail investors to invest in government bonds for as little as $3, offering potentially higher returns than bank deposits. While not a debt instrument or cryptocurrency, the G-Token will … Read more
Several investors of a non-fungible token (NFT) project, Hashling NFT, have accused its founder of misappropriating millions of dollars in profits from the project and a closely tied Bitcoin mining operation. According to the May 14 court filing in Illinois, the plaintiffs allege that their former business partner, Jonathan Mills, lied about transferring assets from … Read more
JPMorgan Chase, the largest bank in the United States, has long been developing its own proprietary blockchain technology and has remained loyal to this “closed loop” system, available only to its customers. However, the bank announced that it has gone beyond this approach and carried out transactions on a public blockchain for the first time. … Read more
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Wealthy investors are trimming their exposure to US dollar assets. They’re worried about fresh tariffs and trade friction. Confidence in the greenback’s long‑term strength is sliding. Eroding Trust In The Dollar According to UBS, its high‑net‑worth clients in Asia have started to … Read more
A Singapore High Court has ruled in favor of Sonic Labs’ motion to force the Multichain Foundation to wind up in an effort to recover funds stolen during a 2023 hack. In the May 9 judgment in the Singapore Supreme Court, Justice Kwek Mean Luck granted a request from Sonic Labs, formerly the Fantom Foundation, … Read more
South Korea could soon follow Hong Kong in legalizing spot Bitcoin exchange-traded funds (ETFs), as the country’s top presidential candidates have expressed pro-crypto positions. Still, some industry observers remain cautious about the likelihood of near-term regulatory change. “All three major South Korean presidential candidates support #Bitcoin ETFs and institutional investment,” Ki Young Ju, the founder … Read more
The US Senate could pass a key bipartisan stablecoin bill as soon as next week after removing language targeting President Donald Trump and his family’s sprawling crypto interests. Republican Senator Cynthia Lummis said onstage at an event by Coinbase’s lobbying arm, Stand With Crypto, that she thinks it’s a “fair target” to have the Guiding … Read more
USD/CAD meets with a fresh supply on Thursday amid a modest USD downtick. Sliding Oil prices seem to undermine the Loonie and lend support to the major. Traders also seem reluctant ahead of the US PPI and Fed Chair Powell’s speech. The USD/CAD pair struggles to capitalize on the previous day’s goodish rebound from the … Read more
A major Chinese darknet marketplace suspected of facilitating crypto scams and cybercrime has been shut down by the Telegram messaging service, upon which it operated. The internet’s largest illicit marketplace, Haowang Guarantee, formerly Huione Guarantee, said it will shut down following Telegram’s ban of thousands of associated accounts on May 13. “Since all our NFTs, … Read more