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Polygon’s MATIC stirs as US$26 mln moved to exchanges

Celsius Network’s move of US$26 million in MATIC to exchanges raises eyebrows amid market volatility.

Matic biggest loser among top 10; Bitcoin falls, Ether dips below US$1,600 

Matic was the biggest loser in the top 10 cryptocurrencies by market capitalization, falling alongside most other cryptos and with Ether falling below US$1,600. Despite Bitcoin’s sluggish price action, industry experts say that institutions continue adopting the world’s first cryptocurrency.  See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 MATIC […]

Bitcoin price falls, heads for weekly loss; Ether flat, Matic leads gainers, Solana the losers

Bitcoin fell on Friday morning in Asia as other top 10 cryptocurrencies traded mixed. Bitcoin again slipped below support at US$30,000.

Bitcoin, Ether inch above key levels; Matic leads gainers

Bitcoin and Ether both recaptured key support levels. Institutional interest remains upbeat following a slew of Bitcoin exchange-traded fund (ETF) applications, industry experts told Forkast.

Bitcoin gains on StanChart price predictions, fund inflows; Ether rises, Matic leads winners

Bitcoin rose on Tuesday morning in Asia, after Standard Chartered predicted the token could reach US$120,000 by the end of 2024. Ether and most other top 10 tokens rose.

Top 10 cryptos decline, except Matic, as debt ceiling negotiations erode risk appetite

Bitcoin and Ether fell during afternoon trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization, excluding Polygon’s Matic token. Most Asian equities declined while most U.S. stock futures strengthened, despite Fitch Ratings placing America’s AAA rating on a negative watch, citing rising concerns that the government could default on its […]

Matic leads crypto rise despite Ledger security concerns

Cryptocurrencies rebounded on Thursday but wallet service provider Ledger’s latest update raised new security concerns.

Bitcoin, Ether edge up; Litecoin leads winners, Matic the losers; U.S. equity futures flat

Bitcoin edged higher on Wednesday morning in Asia to hold above the US$27,500 mark. Ether also gained. Other top 10 non-stablecoin tokens traded mixed.

Bitcoin back above $29,000, Ether gains; Matic leads winners on Polygon tools update

Bitcoin and Ether rose in early Thursday morning trading in Asia, with most other top 10 non-stablecoin cryptocurrencies mixed.

Bitcoin pushes beyond US$28,000; Polygon’s Matic leads gainers, same chain sees surge in NFT trades

Bitcoin rose on Wednesday, moving above US$28,000. Ether, Matic and most other top 10 non-stablecoin tokens gained.

Markets: Bitcoin, Ether little changed; Polygon’s Matic token leads losers in top ten crypto

Bitcoin and Ether traded little-changed on Tuesday morning in Asia, while most top 10 non-stablecoin cryptocurrencies fell, with Polygon leading the losers
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Markets: Bitcoin, Ether fall; Matic sees biggest gain as top 10 cryptos decline

Bitcoin and Ether fell during Asian trading hours on Thursday, along with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Polygon’s Matic posting the biggest gains.

Markets: Bitcoin and Ether up, Matic tops gains as investors wait for ECB’s decision on interest rates

Bitcoin and Ether rose during Asian trading hours on Thursday, along with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization. Polygon’s Matic posted the biggest gains

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

Crypto’s traumatic year

This year hasn’t been the easiest for investors, will 2023 be better?

Markets: Bitcoin, Ether fall along with top 10 cryptos, led by Polygon’s Matic

Bitcoin fell during Wednesday afternoon trading in Asia along with all other top 10 cryptocurrencies, excluding stablecoins, led by declines in Polygon’s Matic.

Markets: Bitcoin, Ether prices drop; Matic the only coin to gain

Bitcoin and Ether slumped in Tuesday afternoon trade in Asia, with almost every other top 10 cryptocurrencies by market capitalization, excluding stablecoins, also losing ground. For the second consecutive day, polygon was the only coin that strengthened.

Bitcoin fluctuates, Ether gains, MATIC jumps on Robinhood inclusion

Bitcoin was fluctuating around US$20,000, while Ether was among the biggest gainers in the cryptocurrency top 10 by market capitalization in early Friday morning trading in Asia. Most other tokens on the list were little changed, though Cardano rose. See related article: Markets: Bitcoin, Ether, Cardano slip; remnants of Terra – USTC and LUNC – […]

Crypto exchange Gemini launches MATIC, ETH, SOL and DOT staking

The New York-based crypto exchange said its staking service will allow customers to stake their cryptocurrencies and receive rewards within their Gemini account.  See related article: Gemini sued over US$36 mln Bitcoin and Ethereum hack Fast facts Gemini Staking will be available for users across the U.S. (excluding New York), Singapore, and Hong Kong, the […]

MATIC crypto skyrockets as Polygon joins Disney accelerator

Polygon was selected as one of the 2022 participants for Disney’s accelerator program on Wednesday, triggering the project’s cryptocurrency MATIC to rise by more than 15%.  See related article: Aespa, NCT’s SM Entertainment builds metaverse studio Kwangya Fast facts The Walt Disney Company did not announce any of its own crypto projects, but the 2022 […]

SHIB price pumps on Robinhood listing with SOL, MATIC, COMP

Robinhood added four new cryptocurrencies to its platform on Tuesday, including Shiba Inu token (SHIB), a listing the memecoin community has pleaded for since its inception. See related article: What is the real value of joke coins like Dogecoin and SHIB? Fast facts SHIB gained 30% following the news and has slightly retraced its pump […]

Polygon upgrade ignites token burn to make MATIC more valuable

Polygon’s upgrade, which piggybacks off Ethereum’s EIP-1559, makes MATIC deflationary while allowing users to estimate gas fees more accurately.

What is Polygon (MATIC) — ‘Ethereum’s internet of blockchains’?

Polygon envisions a world where value can be exchanged without borders. In this Forkast.News explainer, find out how Polygon works and why its MATIC token is defying crypto market gravity — again.

Bitcoin appears to stabilize after dramatic correction

The world’s biggest cryptocurrency may have found a new trading range after being battered yesterday following an apparent Chinese clampdown on cryptos, partly reversing losses of around 30% seen when investors dumped their coins on Wednesday.

Ethereum surpasses US$4,000 ahead of Dencun upgrade

The Dencun upgrade for Ethereum is expected to dramatically reduce gas fees for layer-2 networks and enhance scalability.

Reddit invests in Bitcoin and Ethereum ahead of IPO

Social media platform Reddit has diversified its assets by investing in cryptocurrencies Bitcoin and Ethereum, as revealed in its IPO filing.

Do Kwon to face US extradition for Terra collapse charges

Montenegro court approves extradition of Terraform Labs’ Do Kwon to the US, where he faces fraud charges.

MetaMask boosts security with Blockaid’s privacy module

MetaMask partners with Blockaid to enhance security for over 30 million users.

FTX expects to repay customers, no exchange relaunch

FTX plans to repay customers amid bankruptcy proceedings, rules out exchange relaunch.

Solana-based GameStop meme coin gains traction after retailer pulls plug on crypto

A GME-themed meme coin, not affiliated with the video game retailer GameStop, is replicating the company’s meme stock frenzy on the Solana blockchain.

Hedera, Algorand unite for wallet recovery

The DeRec Alliance, involving HBAR and Algorand Foundations, aims to solve digital asset recovery challenges with a new protocol.

How ancient battles are shaping our global financial future

Our 21st century economy still rides on old, slow and costly financial rails. Here’s how blockchain technology can build a network of monetary superhighways.

Why a16z chose London for its first non-US office

Silicon Valley venture giant Andreessen Horowitz plants flag in London: fuels UK’s ascent as a Web3 innovator.

Can spot Bitcoin ETFs push Hong Kong to the crypto throne?

Top blockchain and crypto news: Hong Kong mulls Bitcoin ETFs, Ordinals flip Ethereum NFTs, IPO comes full circle.

SEC drops all charges against Ripple’s CEO Garlinghouse and co-founder Larsen

The XRP token rose over 6% on the day after the SEC dismissed the charges against Ripple’s top executives.

Lightning Labs to enable stablecoins on Bitcoin ecosystem with Taproot Assets

Taproot Assets will “accelerate the process of bringing Bitcoin to those billions of people,” according to Lightning Labs.

EU adopts new crypto tax rules, mandate data sharing from crypto firms

The new data sharing rules will go into effect 20 days after their publication in the Official Journal.

Binance Japan — death knell or savior for the nation’s smaller crypto exchanges?

Few tokens and too many exchanges are a bad recipe for Japan’s smaller crypto trading houses. The experts say there’s room for up to five only. So what happens to the little guy now that the world’s largest exchange Binance has rolled back into town?

Ferrari starts accepting crypto payments in the US

The luxury car maker said it started accepting crypto payments due to popular demand from its crypto investor customers.

A Bitcoin ETF is coming to the US. Here’s what to expect when that happens

A spot Bitcoin ETF will allow BTC be easily tradeable without the headaches and pitfalls of self-custody. Its arrival — likely just around the corner — will mark the moment crypto goes mainstream.

Digital frontiers: Alex Tapscott on Web3, AI, and banking’s new dance

From tech monopolies to the synergy of AI and blockchain, Alex Tapscott, author of “Web3: Charting the Internet’s Next Economic and Cultural Frontier,” dissects the trajectories of the digital landscape.

Philippines Coins.ph partners with Circle for USDC remittances

Coins.ph joins forces with Circle to introduce USDC remittances, targeting a more efficient and affordable money transfer solution for millions of Filipinos abroad, supporting the UN’s goal of trimming remittance costs by 2023.

Coinbase is “doubling down” on Singapore following license, says country director

The largest U.S.-based cryptocurrency exchange will be launching more products and services in the Lion City, Coinbase’s Hassan Ahmed says.
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Crypto trust on trial: Bankman-Fried faces judgment

Top blockchain and crypto news: Spotlight on Bankman-Fried, Pudgy Penguins’ new revenue stream and Google’s Web3 goggles

XRP up over 4% after judge denies SEC’s interlocutory motion

The XRP token rose 4.42% after a federal judge denied the U.S. Securities and Exchange Commission’s (SEC) motion to overturn its recent loss against Ripple Labs. XRP traded at US$0.5308 at 2:45 p.m. in Hong Kong on Tuesday, according to CoinMarketCap data.  See related article: HK’s SFC & US SEC crack the whip as Blockchain […]

Why regulated decentralized exchanges are the wave of crypto trading’s future

Bringing together the best parts of centralized and decentralized exchanges, RDEXs also take into account the inevitability of regulations.

Have we learned anything from Curve Finance and DeFi’s susceptibility to attacks?

The DeFi giant may have escaped a death spiral, but exploits and code problems like what it recently suffered are more commonplace — and preventable — than what the industry acknowledges.

Friend.tech a surprise hit among crypto investors at Token2049 as they urge ecosystem expansion

Funders see the novel social media network as emblematic of an abundance of opportunity in crypto and DeFi amid infrastructure gaps and increased integration with real-world assets

Binance.US CEO calls it quits amid major layoffs

Top blockchain and crypto news: Binance.US undergoes staffing shakeup. Ethereum NFTs at risk. India to take a stand on crypto.

Toncoin gains 13% on Telegram partnership; Bitcoin, Ether little changed 

Toncoin led gainers in the top 10 cryptocurrencies by market capitalization, rising over 13% after the project announced its partnership with Telegram. Bitcoin and Ether were little changed during afternoon trading in Asia, but market analysts are looking at September as a period for strategic Bitcoin accumulation. See related article: Weekly Market Wrap: ETF developments […]

Zero-knowledge technology is ready. Why isn’t it more widely used?

ZK is a complex but game-changing cryptographic technique for blockchain scalability and privacy. Here’s how the industry can make it more accessible.

Bitcoin, Ether continue to slide; altcoins under pressure

Bitcoin remained under US$26,000 and Ether dropped below US$1,600 in Tuesday afternoon trade in Asia.

Bitcoin, Ether extend losses; G20 eyes global crypto regulation

Bitcoin started the week below US$26,000 while Ether dropped to US$1,611. Toncoin and XRP lead losers in the last 24 hours.

Korea Blockchain Week: diverging crypto paths for the US and Asia

The annual Korea Blockchain Week conference in Seoul is running from Sept. 4 to 10. Crypto industry leaders and advocates from around the world have gathered in the South Korean capital to discuss all things blockchain, including the growing regulatory gap between the U.S. and Asia.

Bitcoin ETF: The quiet 800-pound gorilla in the room is about to roar

The general public does not know this yet, but there is no longer any doubt that a Bitcoin spot ETF will come to the US market, writes Charlie McGlynn of XREX. It’s just a matter of when.

Grayscale triumphs over SEC: A David v. Goliath win in the crypto arena

Top blockchain and crypto news: U.S. court compels SEC to review Grayscale’s ETF application. SEC zooms in on NFTs. Asia’s richest man eyes blockchain, CBDCs

All top 10 cryptos fall except Dogecoin, as boost from Grayscale ETF ruling fades

Bitcoin, Ether and most other top 10 cryptos dropped on Thursday after a Wednesday rally on news of Grayscale receiving a favorable ruling against the SEC.

How dynamic NFTs can bring brand engagement to a new level

NFTs are now capable of being interactive and changing with the weather, user location and time of day. What are the downsides and challenges ahead?

Weekly Market Wrap: Bitcoin’s summer volatility, Coinbase’s new stake and anticipations on the Fed moves cryptocurrencies

From landmark business decisions to looming central bank announcements, the crypto landscape this week teemed with events that may shape the course of the market.

It’s time for Web3 gaming to up its own game

Blockchain games are often touted as the next big thing. Joseph Cooper, CEO of Earn Alliance, takes a hard look at the industry’s challenges and how to overcome them.

Bitcoin back at US$26,500 as crypto mirrors Wall Street gains

Bitcoin rose on Thursday morning in Asia to trade in the US$26,500 range. Ether also moved up. Solana led the winners in the top 10 non-stablecoin tokens.

‘Third category thing’ — untangling digital asset property law in England and Wales

How can we claim to own something that falls outside traditional categories of personal property? In this second installment in a 3-part series looking at the U.K. digital asset industry, Law Commissioner for England and Wales Sarah Green explains how.

Bitcoin recovers after falling below $26,000 as the ETF excitement bubble bursts

Bitcoin stabilized Tuesday morning in Asia after dropping below the key US$26,000 support level over night. Ether also dipped but held the US$1,600 mark.

Bitcoin, Ether stable after last week’s nosedive; XRP leads crypto gains; US stock futures mixed 

Bitcoin edged up on Monday morning in Asia to trade above US$26,000, after sliding over 10% for the week. Ether also moved higher but remained below US$1,700.

Over $1 billion in crypto market liquidations as Bitcoin hits 2-month low

Bitcoin traded at around US$26,800 on Thursday morning in Asia after hitting a two-month low of around US$25,400. Ether fell below US$1,700.

Cryptos decline on the back of Wall Street losses and Fed speculation

Bitcoin and Ether fell on Wednesday along with all other top 10 cryptos, NFTs moved down while U.S. stock futures steadied after a rocky Tuesday.

SEC to appeal in Ripple case, says ruling is a matter of opinion

SEC seeks to appeal a court ruling in July that the programmatic sale of Ripple’s XRP cryptocurrency did not qualify as sales of financial securities.

Bitcoin, Ether rise near key levels, Sol leads gains across top 10 cryptos

Bitcoin and Ether rose during Wednesday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. With over 69% of Bitcoin supply inactive for over a year, long-term investors remain bullish on the world’s first cryptocurrency, industry experts told Forkast.

S.Korean prosecutors to submit XRP ruling to prove Terra-Luna as securities

South Korean prosecutors are looking to submit the recent U.S. ruling on Ripple to a Seoul court to prove Luna as financial securities.

How AI, with blockchain, can transform everyday life: Opinion

Combining blockchain with AI, two of the greatest innovations of this era, will unlock myriad benefits for consumers and businesses alike, writes Eugen Kuzin.

Blockchain is fast, direct and all too cryptic — can it reshape international aid?

As explored in the first installment of this two-part series, crypto funding is being used to provide small but important items to troops on the frontline. But beyond the battlelines, how can crypto help get aid to civilians in times of crisis?

Bitcoin, Ether flat; Solana leads winners

Bitcoin traded flat on Monday morning in Asia to stay just above US$29,000 as the token’s volatility rating hit a record low. The NFT market recorded losses while, in the U.S., equities traders await more earnings reports.