Fidelity Chooses Ethereum For its New FIDD Stablecoin

Fidelity Investments is launching its own stablecoin called the Fidelity Digital Dollar (FIDD), which will be pegged 1:1 to the US dollar and backed by reserves. The stablecoin will be available to both institutional and retail clients in the coming weeks, according to Bloomberg. FIDD will be built on...
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South Korea Plans Cap On Crypto Exchange Ownership Despite Industry Concerns

South Korea’s Financial Services Commission (FSC) has shared its intention to move forward with the proposed cap on crypto exchange ownership despite concerns from industry players and the ruling Democratic Party of Korea (DPK). FSC Backs Ownership Cap For Crypto Exchanges On Wednesday, Financial Services Commission Chairman Lee Eog-weon...
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US Investigates Alleged $90 Million Crypto Theft Linked To Contractor’s Son

US authorities have launched an investigation into a potential breach involving government‑controlled cryptocurrency accounts. According to a Reuters report, the US Marshals Service confirmed in an email that it is examining a possible hack of government digital‑asset wallets.  Social Media Drama Unveils Crypto Crime The investigation gained public attention...
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