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January 27, 2023 | 6:33 pm HKT

Weekly Market Wrap: Bitcoin rebounds above $23,000. Can it maintain momentum?

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Sam Bankman-Fried’s family members are not cooperating with FTX attorneys, court documents claim

January 27, 2023 | 10:33 pm HKT

DOJ, FBI hack Hive Network, save US$130 mln from crypto ransomware attacks

January 27, 2023 | 8:47 pm HKT

Bankrupt BlockFi asks court to approve bonuses to keep staff

January 27, 2023 | 6:48 pm HKT

Markets: Bitcoin up, Ether down; MATIC tops gains among top 10 cryptos

January 27, 2023 | 5:35 pm HKT

More bad news for South Korea’s Bithumb exchange with “Kimchi coin” manipulation allegations

January 27, 2023 | 12:56 pm HKT

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Stablecoins To Rebound?

Forkast+ Exclusive perspectives and analysis

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World Economic Forum’s digital asset head expects real-world blockchain adoption in 2023

Cryptocurrencies post the Terra-Luna, FTX failures were a debated topic at the World Economic Forum meeting in Davos in the week through Jan. 20, with some authorities calling for a doubling down on regulations. Others had a more nuanced view.

Angie Lau and Danny Park — January 26, 2023 | 2:41 pm HKT

Forkast+

India’s CoinDCX exchange says crypto tax rules are reducing government revenue

India announces its full year budget on Feb. 1, the last before general elections in 2024, and the cryptocurrency and digital asset industry is lobbying the government for changes in tax rules, among others.

Pradipta Mukherjee — January 24, 2023 | 12:05 am HKT

Word on the Block, January 23, 2023

2023 Should be the Year of Web3 Security

ChainSafe’s Aidan Hyman believes that crypto’s fully decentralized application layer may finally be complete in 2023.

Forkast Forecasts 2023, January 7, 2023

Will crypto’s decentralized application layer boost mass adoption in 2023?

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NEW YORK, NY - DECEMBER 22: FTX founder Sam Bankman-Fried leaves Manhattan Federal Court after his arraignment and bail hearings on December 22, 2022 in New York City. Bankman-Fried, who was indicted on December 9th and arrested 3 days later by Bahamas law enforcement at the request of U.S. prosecutors, consented to extradition to the U.S. where he is facing eight criminal counts of fraud, conspiracy and money-laundering offenses which includes making illegal political contributions. He is potentially facing life in prison if convicted. He was released on $250 million bond with the bail package requiring him to stay with his parents in California. (Photo by David Dee Delgado/Getty Images)

Sam Bankman-Fried’s family members are not cooperating with FTX attorneys, court documents claim

Sam Bankman-Fried’s mother and brother are not cooperating with the FTX legal team’s investigations into the Bahamans-based exchange’s bankruptcy and misappropriation of customer funds

Zoltan Vardai — January 27, 2023 | 10:33 pm HKT

Computers connected to the network are victims of ransomware attacks

DOJ, FBI hack Hive Network, save US$130 mln from crypto ransomware attacks

The FBI and the DOJ have concluded a month-long disruption campaign against the Hive ransomware group, preventing victims from having to pay US $130 million.

Dylan Butts — January 27, 2023 | 8:47 pm HKT

Bankrupt BlockFi asks court to approve bonuses to keep staff

BlockFi said it needed bonus payments to keep employees from fleeing the company. But creditors argue the plan is excessive when compared to other crypto bankruptcies.

Dylan Butts — January 27, 2023 | 6:48 pm HKT

Two Bitoins sitting on a grey background. | Markets: Bitcoin, Ether prices little changed; Polkadot gains as Polygon, Solana give up ground

Markets: Bitcoin up, Ether down; MATIC tops gains among top 10 cryptos

Bitcoin was up and Ether was down by the end of Asian trading hours on Friday afternoon when most of the top coins fell slightly. Polygon’s MATIC saw the biggest gains among the top 10 non-stablecoin cryptocurrencies

Zoltan Vardai — January 27, 2023 | 5:35 pm HKT

More bad news for South Korea’s Bithumb exchange with “Kimchi coin” manipulation allegations

Prosecutors raided the Bithumb crypto exchange on Thursday on allegations of price manipulation and fraudulent transactions in local tokens,

Danny Park — January 27, 2023 | 12:56 pm HKT

security scan identifying a computer exploit in a string of binary code

Opinion

Are weak DAOs inviting attacks and manipulation?

Decentralized autonomous organizations suffer from faulty code and lax governance, which the unscrupulous can easily exploit, writes Michael Lewellen of OpenZepplin.

Michael Lewellen — January 27, 2023 | 11:05 am HKT

Markets: Bitcoin dips but holds above US$23,000, Ether slips, Polygon biggest gainer in top 10

Bitcoin and Ether gave up some of their January gains in Friday morning trading in Asia, though both are still higher for the week.

Danny Park — January 27, 2023 | 10:05 am HKT

Coinbase fined US$3.6 mln by Dutch central bank

The Dutch central bank (DNB) has fined U.S.-based cryptocurrency exchange Coinbase €3.3 million (US$3.6 million) for failing to obtain correct registrations

Zoltan Vardai — January 26, 2023 | 9:25 pm HKT

Apple, New York Times, Hong Kong Government listed among FTX creditors

Lawyers for the bankrupt cryptocurrency exchange, FTX.com, filed a document with a list of its institutional creditors on Thursday, which included major technology firms, publications and government bodies.

Dylan Butts — January 26, 2023 | 7:31 pm HKT

Cryptocurrency trading platform visible on a screen

Markets: Bitcoin, Ether up; ADA posts most gains among top 10 cryptos

Bitcoin and Ether were up during Asia trading hours on Thursday afternoon as many markets in Asia returned from the Luna New Year break. Cardano’s ADA led the rally among top 10 non-stablecoin cryptocurrencies by market capitalization.

Zoltan Vardai — January 26, 2023 | 5:30 pm HKT

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