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Altcoins

Archived coverage · Forkast crypto archive

  • Altcoins

    Court allows Voyager Digital to return US$270 mln in custodial account to customers

    A U.S. bankruptcy court in New York approved crypto platform Voyager Digital’s request to return to customers US$270 million held in a custodial account at Metropolitan Commercial Bank (MCB), the Wall Street Journal reported.  See related article: Voyager crypto refund plan unconfirmed; fiat to be returned in full Fast facts The funds at the MCB […]

    Monika Ghosh

  • Altcoins

    Ethereum Classic’s ‘Merge’ surge not expected to last: report

    Ethereum Classic’s (ETC) price has rallied since Ethereum developers announced the scheduled date for “The Merge,” which will see the blockchain transition from proof of work (PoW) to proof of stake (PoS), while Messari’s Tom Dunleavy says it won’t see sustained growth. See related article: Prominent Chinese ETH miner plans proof-of-work fork amid The Merge […]

    Danny Park

  • Altcoins

    S.Korea’s Bithumb links system with Samsung Securities, mobile apps

    South Korea’s leading digital asset exchange Bithumb is linking its system with mobile applications from three major domestic financial institutions — Samsung Securities, NH Nonghyup and KB Kookmin Bank, Bithumb announced Thursday. See related article: Scarred by Terra-LUNA, South Korea moves ahead with digital asset reform Fast facts Bithumb users can now check up-to-date crypto […]

    Danny Park

  • Altcoins

    Revolut starts crypto service in Singapore

    Revolut has started offering cryptocurrency services to users in Singapore, the global fintech firm said on Thursday. See related article: How a market slump may be helping Singapore’s stance against retail crypto Fast facts Revolut will levy transaction fees of 2.5% and 1.5% on standard and premium plans, the company said in its statement. Customers […]

    Pradipta Mukherjee

  • Altcoins

    Bitcoin, Ether trend lower, BNB adds to gains, Flow jumps on Meta NFT Integration

    It was a mixed bag for the top 10 cryptocurrencies Friday morning in Asia, with most moving less than 1%. Bitcoin dipped, while BNB continued its breakout run for a second day. Bitcoin was trading at US$22,612 as of 8 a.m. in Hong Kong, down 1% in the last 24 hours. Ethereum slipped 0.7% to […]

    Lachlan Keller

  • Altcoins

    S.Korea’s Hashed plans new VC fund round after losing US$3.6B in Terra LUNA

    Kim Seo-joon, head of South Korean blockchain venture capital (VC) fund Hashed, said in an interview with Bloomberg he lost most of his LUNA investments during the crash in May but is planning a third VC fund in the first half of 2023. See related article: Scarred by Terra-LUNA, South Korea moves ahead with digital […]

    Danny Park

  • Altcoins

    Binance cofounder Yi He to head US$7.5B VC arm Binance Labs

    Binance has named cofounder Yi He as the new head of its incubator and venture capital (VC) arm Binance Labs, as the world’s largest cryptocurrency exchange by trading volume works to invest in “projects with the tenacity to thrive in tough market conditions.” See related article: Calling a spade a spade holds Binance’s lesser known […]

    Timmy Shen

  • Altcoins

    Zipmex resumes withdrawals of certain tokens in phased manner

    Crypto platform Zipmex on Aug. 2 began to resume the withdrawal of certain altcoins such as Solana, Ripple and Cardano, the firm said in a blog post, after it halted customer withdrawals on July 20.  See related article: Zipmex seeks moratorium from creditors in Singapore court Fast facts From Aug. 2, Zipmex users could withdraw […]

    Monika Ghosh

  • Altcoins

    Gucci begins accepting BAYC-tied token ApeCoin as payment

    Gucci has further embraced cryptocurrencies, announcing in a tweet on Tuesday that it is accepting in-store purchases with ApeCoin through payment service provider BitPay. See related article: How high fashion is waking up to blockchain’s possibilities Fast facts ApeCoin is a cryptocurrency tied to Bored Ape Yacht Club (BAYC), a non-fungible token (NFT) project created […]

    Ningwei Qin