In a significant move for the digital asset ecosystem, the House Financial Services Committee passed the ‘FIT for the 21st Century Act,’ officially titled the “Financial Innovation and Technology for the 21st Century Act” on July 26. Quick Take The bill, sponsored by Rep. French Hill, sets up rules for issuing and trading digital assets. The post Landmark crypto legislation defines SEC, CFTC jurisdiction on digital assets, commodities appeared first on CryptoSlate.

During the Q2 Earnings Call, Meta CEO Mark Zuckerberg outlined the company’s commitment to its metaverse vision and artificial intelligence (AI). Zuckerberg stated, “The two technological waves that we’re riding are AI in the near term and the metaverse over the longer term.” Further, the company’s investments in AI have made significant strides, as Zuckerberg The post Meta’s Zuckerberg sees metaverse as long-term goal despite $3.7B loss, AI investments ‘paying off’ appeared first on CryptoSlate.

A new CNBC feature on July 26 highlighted that Wall Street’s view on blockchain technology remains bullish as the pressure from market dynamics and the need for innovation push the American financial system to explore blockchain technology for future growth. .According to Tanaya Macheel of CNBC, Wall Street views blockchain as a solution to inefficiencies The post Wall Street remains bullish on blockchain despite hurdles to mainstream adoption: CNBC appeared first on CryptoSlate.

Hong Kong-based First Digital Group announced on July 26 that its stablecoin, First Digital USD (FDUSD), has been listed on Binance, the world’s largest cryptocurrency exchange by volume. As one of Asia’s leading qualified custodians, First Digital Trust is part of the First Digital Group, which includes FD121, the entity under which FDUSD has been The post Hong Kong based stablecoin FDUSD goes live on Binance with monthly audits appeared first on CryptoSlate.

In the latest legal chapter of the ongoing Satoshi Nakamoto identity saga, self-proclaimed Bitcoin creator Craig Wright has been unable to satisfy a U.K. High Court judge that he has sufficient funds to cover potential legal costs in his lawsuit against cryptocurrency exchanges Coinbase and Kraken. Wright is suing the exchanges for trademark infringement, arguing The post Craig Wright unable to provide sufficient evidence of funds in latest Satoshi court case appeared first on CryptoSlate.