Author: WebDesk

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bsquared Technology Pte Ltd has no auditors to answer to yet — but it will. Singapore’s central bank has ordered the crypto firm to produce a closure certificate confirming that all customer funds have been returned. The company told regulators it holds no outstanding customer assets. A License Gone In 16 Months The Monetary Authority of Singapore revoked Bsquared’s Major Payment Institution License on Wednesday after an on-site inspection turned up a range of problems. Regulators found gaps in how the company managed risk and handled conflicts…

Multicoin Capital co-founder Tushar Jain said the firm’s recent investment in Zcash was driven by a convergence of stronger market traction, improving infrastructure and a broader return to crypto’s privacy roots. Speaking on the latest Bankless podcast released May 19, Jain argued that Zcash has moved from a “left for dead” asset into a credible private store-of-value contender. Jain said Multicoin had watched Zcash for years without being convinced. The asset, in his view, had long suffered from weak attention, poor usability and limited evidence that privacy demand could translate into durable market interest. That changed after Zcash rallied sharply,…

On Wednesday, Fidelity Digital Assets’ head shared a closer look at its USD-pegged stablecoin, FIDD, which is developed on Ethereum. Amid the boom in the stablecoin market, Fidelity will integrate FIDD into its existing financial infrastructure for both retail and institutional users. In order to curb the dominance of USD-pegged stablecoins, a group of 37 European banks is coming together to launch a Euro-pegged stablecoin in the second half of 2026. On May 20, Fidelity Digital Assets’ Head of Product Strategy,  Terrence Dempsey, shared a closer look at its dollar-backed stablecoin called Fidelity Digital Dollar (FIDD) amid the constant growth…

Key TakeawaysSenator Warren’s scrutiny over OCC trust charters intensified as crypto custody regulation drew broader attention.Crypto custody protections remained central as Belshe said client assets stay segregated from lending activity.Belshe argued that trust banks and fractional reserve banks should be classified under clearer terminology. OCC Charter Fight Puts Digital Asset Custody Under Scrutiny The crypto bank charter debate widened after the Office of the Comptroller of the Currency (OCC) cleared national trust charters tied to Coinbase, Ripple, Bitgo, and other digital asset firms, drawing scrutiny from U.S. Senator Elizabeth Warren. Bitgo CEO Mike Belshe responded in an open letter on…

Grand Cayman, Cayman Islands, May 20th, 2026, ChainwireA new protocol-level feature enables peer-to-peer stablecoin transfers on Sui without requiring users to hold SUI, dropping current stablecoin transfer fees to $0.00.Sui, where money moves as freely as messages, today announced the launch of gasless stablecoin transfers, a new protocol-level feature that enables users and businesses to send supported stablecoins on Sui without paying gas fees or managing a separate SUI token balance. With the feature now rolling out to validators, stablecoin transfer fees are $0.00 on the Sui network. With support live from major stablecoins, including USDsui, suiUSDe, AUSD, FDUSD, USDB, USDC,…

AllUnity stablecoin SEKAU is set to debut in June, backed 1:1 by Swedish krona reserves. Summary German startup AllUnity plans to launch SEKAU, a MiCA-compliant Swedish krona stablecoin, pending regulatory and operational sign-off. AllUnity also unveiled Agentic Payments, a settlement layer built for AI-initiated business transactions using Coinbase’s x402 standard. Dollar-backed tokens control roughly 99% of the global stablecoin market, making SEKAU one of only a handful of regulated non-dollar alternatives. AllUnity, a Frankfurt-based joint venture backed by DWS, Flow Traders and Galaxy Digital, announced the SEKAU stablecoin on Wednesday. The token will be fully reserved in Swedish krona and…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As volatility persists in the market, Bitcoin faces a potential retest of the $70,000 price level following the recent pullback. With this waning price action, demand for the flagship asset among investors and traders is exhibiting a trend that could spell trouble for its near-term direction. Demand Patterns For Bitcoin Are Undergoing A Change Bitcoin continues to struggle with heightened bearish pressure, and a subtle but crucial shift is currently emerging in the market. Currently, BTC’s downside price action has begun to reflect changes in its demand…

The ultimate price floor for Bitcoin (BTC) in the current market cycle is $60,000, according to K33 Research, the research arm of K33 digital asset brokerage company.In a May 19th publication, the crypto market intelligence firm supported its argument by citing crypto market support from heightened institutional adoption.Bitcoin will not drop below $60K, cushioned by institutional investmentNotably, Bitcoin institutional investors comprise public and private corporations, spot ETF issuers, and fund managers. It also includes systematic hedge funds and trading firms, as well as pension funds and endowments.According to CryptoQuant’s Bitcoin Fund Holdings Chart, the cryptocurrency’s holdings have grown steadily among…

Hunter Biden, the son of former President Joe Biden, is now accepting Bitcoin as payment for his artwork on his official website.  The homepage of Hunter Biden’s official website, hunterbiden.com, features his signature bright, large-scale floral paintings, while the footer now includes a simple but striking notice: “BITCOIN ACCEPTED,” listed alongside links to the site’s privacy policy, terms of use and “Verisart Authentication.” Verisart provides blockchain‑based certificates of authenticity designed to permanently record provenance and ownership of artworks, both physical and digital. Biden’s art career has been politically fraught from the start, with initial shows in New York and Los…

Minnesota has become the latest state to grant banks and credit unions the legal authority to offer cryptocurrency custody services, a move that proponents say ends years of regulatory ambiguity that kept institutions on the sidelines of a market now worth trillions. Governor Tim Walz signed HF 3709 into law. The legislation takes effect August 1, 2026. The law permits state-chartered banks and credit unions to hold virtual currency and the cryptographic keys that control it on behalf of customers and members.  Minnesota joins New York, Wyoming, and Virginia, which have established similar frameworks. According to the law, institutions seeking…