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![FTX founder Sam Bankman-Fried charged with stealing customer funds for political donations 1 Sam Bankman Fried charged with stealing customer funds for political donations](https://forkast.news/wp-content/uploads/2023/02/SBF-1260x710.png)
FTX founder Sam Bankman-Fried charged with stealing customer funds for political donations
The FTX founder faces charges of wire fraud, securities fraud, commodities fraud and money laundering related to the exchange’s collapse in November.
![To read Hong Kong’s future as a crypto hub, look closely at its colorful paper money: Opinion 2 Hong Kong bank notes](https://forkast.news/wp-content/uploads/2023/08/Forkast-Opinion-Images-2-4-1260x710.png)
To read Hong Kong’s future as a crypto hub, look closely at its colorful paper money: Opinion
Most countries allow only government to mint currency, but in the land of public-private partnerships, legal tender HKD notes are issued by private banks.
![Bitcoin trading sideways; NFT transactions soar; Nvidia leads Wall Street rally 3 Bitcoin | Bitcoin flat amid low volatility; NFT transactions soar; Nvidia leads Wall Street rally | Markets, BTC, ETH, SOL, NFT](https://forkast.news/wp-content/uploads/2023/08/golden-bitcoin-cryptocurrency-2021-08-26-18-32-29-utc-7-1260x840.jpg)
Bitcoin trading sideways; NFT transactions soar; Nvidia leads Wall Street rally
Bitcoin edged higher on Tuesday morning in Asia. Ether also edged up, while other top 10 non-stablecoin tokens traded flat to higher. Solana led the winners.
![Bitcoin inches up; Dogecoin, Solana lead losses 4 Cryptocurrency Bitcoin golden coins spilling on the table. Crypto investment concept background](https://forkast.news/wp-content/uploads/2023/08/bitcoin-9-1260x709.jpg)
Bitcoin inches up; Dogecoin, Solana lead losses
Bitcoin rose slightly in the past 24 hours while Ether lost. Dogecoin and Solana were the day’s biggest losers, both dropping by over 1%, although both posted gains on the week.
![Who do you trust the most to keep your Bitcoin safe? 5 safe storage for crypto; cryptowallet](https://forkast.news/wp-content/uploads/2023/08/Forkast-Opinion-Images-2-1260x710.png)
Who do you trust the most to keep your Bitcoin safe?
Storing crypto on an exchange risks theft and hacks. But DIY can also be perilous — just ask the guy who accidentally trashed a hard drive and his Bitcoin fortune.
![FTX founder Sam Bankman-Fried jailed for witness interference 6 Sam Bankman-Fried | FTX founder Sam Bankman-Fried jailed for witness interference | SBF, FTX, U.S.](https://forkast.news/wp-content/uploads/2023/08/GettyImages-1607951333-1260x840.jpg)
FTX founder Sam Bankman-Fried jailed for witness interference
Sam Bankman-Fried, founder of the collapsed crypto exchange FTX, was jailed Friday and his bail revoked ahead of his trial for fraud scheduled for October 2.
![Shiba Inu surges; DeGods Season 3 unveiled; risk sentiment improves for US stocks 7 Picture of Shiba Inu dog and multiple crypto tokens | Shiba Inu surges; DeGods Season 3 unveiled; risk sentiment improves for US stocks](https://forkast.news/wp-content/uploads/2023/08/Untitled-design-73-1260x709.jpg)
Shiba Inu surges; DeGods Season 3 unveiled; risk sentiment improves for US stocks
Bitcoin dipped slightly, having hovered around the $29,380 level throughout the weekend. Ether and most other top 10 crypto were little changed.
![Weekly Market Wrap: Can Bitcoin close the week above US$29,300? 8 Bitcoin blue | Bitcoin loses US$30,000 peg, Ether falls as risk-off sentiment spreads to cryptocurrencies | Markets, BTC - Bitcoin, ETH - Ethereum, Non-Fungible Token - NFT, Inflation](https://forkast.news/wp-content/uploads/2023/07/golden-bitcoin-and-computer-chip-in-background-2022-02-16-06-56-59-utc-1-1260x840.jpg)
Weekly Market Wrap: Can Bitcoin close the week above US$29,300?
Bitcoin briefly rose above US$30,000 twice this week, but failed to remain the support level despite positive catalysts in the industry like the launch of PayPal’s new stablecoin. Bitcoin will have to close the week above US$29,300 for upward momentum, industry experts told Forkast.
![Bitcoin slips but remains in ‘bullish scenario’ above US$27,500; Ether, most top 10 cryptos slide 9 golden Bitcoin virtual money concept.Burning bitcoin symbol. Decentralised Cryptocurrency logo of BTC coin. | Bitcoin, Ether, all other top 10 cryptocurrencies fall; Litecoin leads losers with Cardano](https://forkast.news/wp-content/uploads/2023/07/cryptocurrency-logo-of-btc-coin-2021-09-03-05-04-44-utc-1260x840.jpg)
Bitcoin slips but remains in ‘bullish scenario’ above US$27,500; Ether, most top 10 cryptos slide
Bitcoin and Ether fell during Friday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Despite its recent crab walk, Bitcoin is in a “bullish scenario” as long as it holds US$27,500, industry experts told Forkast.
![Huobi seeks update of crypto holdings across data platforms, amid market talk of insolvency woes 10 Huobi | Huobi seeks update of crypto holdings across data platforms, amid market talk of its insolvency woes | Huobi, USDT, Justin Sun](https://forkast.news/wp-content/uploads/2023/08/featured-image-19-1-1260x798.jpg)
Huobi seeks update of crypto holdings across data platforms, amid market talk of insolvency woes
Huobi has contacted multiple data platforms to update its cryptocurrency holdings, following market talk that the it might face an insolvency issue.
![SEC to appeal in Ripple case, says ruling is a matter of opinion 11 Gary Gensler | SEC claims favorable Ripple ruling a matter of opinion | SEC, Ripple, XRP, Cryptocurrencies, Regulation & Law](https://forkast.news/wp-content/uploads/2023/08/GettyImages-98730465-1260x866.jpg)
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.
![Why smart money is pushing the big idea of ‘purpose-bound money’: Opinion 12 MAS Singapore crypto](https://forkast.news/wp-content/uploads/2022/09/MAS2-resized-1260x662.png)
Why smart money is pushing the big idea of ‘purpose-bound money’: Opinion
Recently proposed by Singapore in collaboration with fintech heavy hitters, PBM can be a powerful tool for promoting accountability and efficiency, writes Anndy Lian. But it’s not without risks.
![Slowing US inflation data inspires hope for a crypto price rally 13 Bitcoin and dollar | Slowing US inflation data inspires hope for a crypto price rally](https://forkast.news/wp-content/uploads/2023/08/bitcoin-and-dollar-2022-07-11-16-02-34-utc-1-1260x840.jpg)
Slowing US inflation data inspires hope for a crypto price rally
Bitcoin and Ether dipped on Friday morning in Asia, while U.S. CPI data points to a potential rally in the crypto market.
![Y00ts NFTs to migrate again — this time to Ethereum 14 NFT displayed on a smartphone](https://forkast.news/wp-content/uploads/2023/08/NFT-1260x841.jpg)
Y00ts NFTs to migrate again — this time to Ethereum
Y00ts, a non-fungible token (NFT) collection that has been the second most traded NFT collection on Polygon over the past week, announced that it will migrate to Ethereum, the world’s largest blockchain for NFTs.
![Is PayPal’s new stablecoin a watershed moment for crypto? 15 PYUSD Huobi Global](https://forkast.news/wp-content/uploads/2023/08/PYUSD-Huobi-Global-1260x710.png)
Is PayPal’s new stablecoin a watershed moment for crypto?
PayPal launches stablecoin. Traditional gamers take on NFTs. Tough times ahead for Huobi.
![Will Bitcoin fall to US$28,500? Ether, top 10 cryptos slide 16 bitcoin crypto currency diagram | Bitcoin, Ether steady; Coinbase bullish; Traders await US jobs report](https://forkast.news/wp-content/uploads/2023/08/bitcoin-crypto-currency-diagram-2022-07-07-16-02-18-utc-1260x840.jpg)
Will Bitcoin fall to US$28,500? Ether, top 10 cryptos slide
Bitcoin and Ether fell during Thursday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. With a lack of positive news catalysts, Bitcoin could fall to the US$28,500 support level, but US$27,500 is also on the table, industry experts told Forkast.
![Coinbase launches its own blockchain in first for a publicly listed company 17 Coinbase logo is reflected in a mobile phone screen | Coinbase launches its own blockchain in first for a publicly listed company](https://forkast.news/wp-content/uploads/2023/08/GettyImages-1352237948-1-1260x838.jpg)
Coinbase launches its own blockchain in first for a publicly listed company
Coinbase Global announced the public launch of its Ethereum layer-2 blockchain Base on Wednesday.
![Bitcoin, Ether dip but more bullish times ahead? 18 Bitcoin | Bitcoin, Ether dip but more bullish times ahead? | Market, BTC, ETH, NFT, ADA](https://forkast.news/wp-content/uploads/2023/08/stack-of-golden-bitcoins-with-one-bitcoin-on-its-e-2021-08-28-22-28-40-utc-4-1260x841.jpg)
Bitcoin, Ether dip but more bullish times ahead?
Bitcoin dropped on Thursday morning in Asia after briefly breaching the US$30,000 level. Ether also dipped, while other top 10 non-stablecoin tokens traded mixed.
![Bitcoin, Ether rise near key levels, Sol leads gains across top 10 cryptos 19 Closeup Bitcoins mockup on the keyboard over the cryptocurrency trading graph in the computer screen, crypto currency and investment concept](https://forkast.news/wp-content/uploads/2023/08/bitcoin-3-1260x840.jpg)
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.
![Huobi sees US$105 million outflow amid insolvency rumors 20 Huobi | Huobi sees US$105 million outflow amid insolvency rumors | Huobi, USDT, Justin Sun](https://forkast.news/wp-content/uploads/2023/08/featured-image-19-1260x798.jpg)
Huobi sees US$105 million outflow amid insolvency rumors
Rumors of arrest and insolvency plague the Huobi cryptocurrency exchange, which enjoys close ties to the Tron founder Justin Sun. How will Huobi respond?
![NFT gamers ready to get wrecked 21 Return of NFTs](https://forkast.news/wp-content/uploads/2023/06/Return-of-NFTs-1260x835.jpg)
NFT gamers ready to get wrecked
Wreck League: New PVP NFT game with custom mechs set to dominate. Partnerships with Yuga Labs and Bored Ape Yacht Club promise big potential in shifting NFT market landscape.
![Back to the future? Why a new wave of blockchain games is a blast from the past: Opinion 22 past and future road sign](https://forkast.news/wp-content/uploads/2023/08/Forkast-Opinion-Images-2-3-1260x710.png)
Back to the future? Why a new wave of blockchain games is a blast from the past: Opinion
The latest in blockchain gaming has shades of game tech and development from the Web2 era. Is this a regression — or sign of a maturing industry?
![Bitcoin, Ether rise; Solana leads post-PayPal stablecoin launch rally; several US banks downgraded 23 Bitcoin | Bitcoin, Ether rise; Solana leads post-PayPal stablecoin rally; several U.S. banks downgraded | Markets, BTC, ETH, PayPal, NFT](https://forkast.news/wp-content/uploads/2023/08/pile-of-bitcoin-cryptocurrencies-2023-03-14-08-11-23-utc-1-1260x840.jpg)
Bitcoin, Ether rise; Solana leads post-PayPal stablecoin launch rally; several US banks downgraded
Bitcoin rose on Wednesday morning in Asia to trade above US$29,700. Ether also logged gains along with all other top 10 non-stablecoin cryptocurrencies.
![U.S. senators reintroduce crypto anti-money laundering bill 24 Crypto crime fraud concept. Bitcoin and crypto coins, handcuffs and US dollar banknotes](https://forkast.news/wp-content/uploads/2023/08/crypto-1260x809.jpg)
U.S. senators reintroduce crypto anti-money laundering bill
Two U.S. senators have re-introduced the ‘‘Digital Asset Anti-Money Laundering Act of 2023’’ after months of delay, which puts greater emphasis on industry participants such as miners and validators. If the bill is passed, all crypto participants will be required to report transactions of over US$10,000.
![Bitcoin, Ether slip as long term holders continue to accumulate BTC 25 close-up photo of bitcoin cryptocurrency physical coin on the tablet computer showing stock market charts. trading bitcoin cryptocoin concept on the wooden table](https://forkast.news/wp-content/uploads/2023/08/bitcoin-6-1260x840.jpg)
Bitcoin, Ether slip as long term holders continue to accumulate BTC
Bitcoin and Ether fell during Tuesday afternoon trading in Hong Kong, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization. Long term investors continue accumulating Bitcoin, despite the asset’s recent price action, industry experts told Forkast.
![S.Korean prosecutors to submit XRP ruling to prove Terra-Luna as securities 26 Seoul Southern District Prosecutor's Office | Seoul prosecutors chasing Do Kwon establish crypto investigative team](https://forkast.news/wp-content/uploads/2023/07/Untitled-800-×-600-px-1.png)
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.
![PayPal launches fully backed and regulated USD stablecoin on Ethereum 27 SAN JOSE, CALIFORNIA - FEBRUARY 02: A sign is posted in front of PayPal headquarters | PayPal launches fully backed and regulated USD stablecoin on Ethereum](https://forkast.news/wp-content/uploads/2023/08/GettyImages-1461793985-1260x796.jpg)
PayPal launches fully backed and regulated USD stablecoin on Ethereum
Paypal, the California-based online payments giant, announced Monday that it is launching an Ethereum blockchain-based stablecoin pegged to the U.S. dollar.
![How AI, with blockchain, can transform everyday life: Opinion 28 hands pointing at a glowing digital brain; AI concept](https://forkast.news/wp-content/uploads/2023/06/Forkast-Opinion-Images-2-10-1260x710.png)
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.
![Bitcoin up as market digests PayPal stablecoin launch 29 Bitcoin | Bitcoin up as market digests PayPal stablecoin launch | Markets, BTC, ETH, Paypal, NFT](https://forkast.news/wp-content/uploads/2023/08/pile-of-bitcoin-cryptocurrencies-2023-03-14-08-11-10-utc-5-1260x840.jpg)
Bitcoin up as market digests PayPal stablecoin launch
Bitcoin edged up on Tuesday morning in Asia after U.S. multinational payment giant PayPal launched a U.S. dollar-pegged stablecoin on Monday.
![Blockchain is fast, direct and all too cryptic — can it reshape international aid? 30 crypto aid world map](https://forkast.news/wp-content/uploads/2023/08/03_Clypt0807_neon-1260x709.png)
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 slip as XRP leads declines in top 10 cryptos 31 bitcoin and chart](https://forkast.news/wp-content/uploads/2023/07/bitcoin-1260x840.jpg)
Bitcoin, Ether slip as XRP leads declines in top 10 cryptos
Bitcoin and Ether fell during Monday afternoon trading in Hong Kong, with XRP leading losses in the top 10 non-stablecoin cryptocurrencies by market capitalization. Investor sentiment remained subdued given regulatory concerns and a lack of positive catalysts, industry experts told Forkast.
![Crypto’s fear and loathing: Will TradFi take over? 32 crypto spike](https://forkast.news/wp-content/uploads/2023/08/Forkast-Opinion-Images-2-2-1260x710.png)
Crypto’s fear and loathing: Will TradFi take over?
Moves by big financial institutions into digital assets are worrisome to crypto purists, but it could be just what crypto needs to shake off its doldrums, writes Konstantin Horejsi of Blocktrade.
![There will never be an X (Twitter) token: Elon Musk 33 There will never be an X (Twitter) token: Elon Musk | SAN FRANCISCO, CALIFORNIA - JANUARY 24: Tesla CEO Elon Musk leaves the Phillip Burton Federal Building on January 24, 2023 in San Francisco, California. Musk testified at a trial regarding a lawsuit that has investors suing Tesla and Musk over his August 2018 tweets saying he was taking Tesla private with funding that he had secured. The tweet was found to be false and cost shareholders billions of dollars when Tesla's stock price began to fluctuate wildly allegedly based on the tweet. (Photo by Justin Sullivan/Getty Images)](https://forkast.news/wp-content/uploads/2023/08/GettyImages-1459166551-1260x918.jpg)
There will never be an X (Twitter) token: Elon Musk
Elon Musk appeared to put an end to recent speculation of X issuing its crypto token, in a tweeted reply Saturday to another user on the platform.
![Bitcoin, Ether flat; Solana leads winners 34 Bitcoin | Bitcoin, Ether flat; Solana leads winners | Markets, BTC, ETH, DOGE, NFT](https://forkast.news/wp-content/uploads/2023/08/golden-bitcoin-cryptocurrency-2021-08-26-18-32-12-utc-4-1260x840.jpg)
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.
![First aid kits, boots and batteries — how small but significant crypto funds are used in global conflicts 35 crypto sent to frontline soldiers](https://forkast.news/wp-content/uploads/2023/08/image_6483441-1260x709.jpg)
First aid kits, boots and batteries — how small but significant crypto funds are used in global conflicts
As war rages in eastern Europe, this first installment in a two-part series looks at the growing use of crypto funding in global conflicts, focusing on the small but significant provision of supplies to pro-Russian mercenary groups in Ukraine.
![Weekly Market Wrap: Bitcoin plunges under US$30,000 amid market turbulence. Is US$27,000 next? 36 A golden Bitcoin token on a black background](https://forkast.news/wp-content/uploads/2023/08/Bitcoin-token169-1260x709.jpg)
Weekly Market Wrap: Bitcoin plunges under US$30,000 amid market turbulence. Is US$27,000 next?
Bitcoin dips below US$30,000 and Ether loses ground as a mix of bleak sentiment, SEC suits and recent hacks test investor nerves.
![Bitcoin, Ether extend gains; top 10 cryptos mixed 37 close-up photo of bitcoin cryptocurrency physical coin on the tablet computer showing stock market charts. trading bitcoin cryptocoin concept on the wooden table](https://forkast.news/wp-content/uploads/2023/08/bitcoin-6-1260x840.jpg)
Bitcoin, Ether extend gains; top 10 cryptos mixed
Litecoin lost the most in the past 24 hours, followed by XRP, while Tron led gains.
![Coinbase launches bridge for layer-2 blockchain Base, sets mainet launch date 38 Coinbase, Ether | Coinbase launches bridge for layer-2 blockchain Base, sets mainet launch date | Coinbase, Layer 2, cross-chain bridges](https://forkast.news/wp-content/uploads/2023/08/featured-image-18-1260x840.jpg)
Coinbase launches bridge for layer-2 blockchain Base, sets mainet launch date
Coinbase launched a bridge for its Ethereum layer-2 blockchain “Base,” on Thursday and set Base’s mainet launch for Aug. 9.
![HashKey Exchange and OSL licensed to serve retail investors 39 Hong Kong | HashKey Exchange and OSL licensed to serve retail investors | Hong Kong, VASP, cryptocurrency exchanges, SFC, OSL](https://forkast.news/wp-content/uploads/2023/08/GettyImages-1238503286-1260x840.jpg)
HashKey Exchange and OSL licensed to serve retail investors
HashKey Exchange and OSL — the only two cryptocurrency exchanges licensed by the Hong Kong SFC — received license upgrades Thursday to service retail investors.
![How the art world is embracing technology in the digital age: Opinion 40 contemporary art in digital age](https://forkast.news/wp-content/uploads/2023/07/Forkast-Opinion-Images-2-10-1260x710.png)
How the art world is embracing technology in the digital age: Opinion
From forays into the metaverse to blockchain-based sales and financing, the fine art world is now at the forefront of profound technological change.
![Bitcoin, Ether steady; Coinbase bullish; traders await US jobs report 41 bitcoin crypto currency diagram | Bitcoin, Ether steady; Coinbase bullish; Traders await US jobs report](https://forkast.news/wp-content/uploads/2023/08/bitcoin-crypto-currency-diagram-2022-07-07-16-02-18-utc-1260x840.jpg)
Bitcoin, Ether steady; Coinbase bullish; traders await US jobs report
Bitcoin and Ether remained stable Friday morning in Asia as Litecoin led losers among other top 10 cryptos. Coinbase execs bullish after upbeat Q2 results.
![Japan’s blockchain group lobbies for tax change 42 Japan crypto tax Litecoin halving](https://forkast.news/wp-content/uploads/2023/08/Japan-crypto-tax-Litecoin-halving-1260x710.png)
Japan’s blockchain group lobbies for tax change
Japan’s blockchain group urges tax change. Bitcoin NFT struggles but it may be a sleeping giant. Litecoin falls after halving.
![Bitcoin, Ether fall, along with all top 10 cryptos, after Litecoin halving fails to lift market sentiment 43 Dogecoin, litecoin, etheteum and bitcoin.](https://forkast.news/wp-content/uploads/2021/04/dogecoin-litecoin-etheteum-and-bitcoin-PS98VLU-scaled.jpg)
Bitcoin, Ether fall, along with all top 10 cryptos, after Litecoin halving fails to lift market sentiment
Bitcoin and Ether slipped during Thursday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Litecoin led the losers in the top 10, despite successfully completing its third quadrennial halving event yesterday.
![Litecoin prices fall 6% after third halving event 44 Litecoin | Litecoin prices fall some 6% after third halving event | LTC - Litecoin, Halving, Markets](https://forkast.news/wp-content/uploads/2023/08/golden-litecoin-coin-close-up-2022-12-16-11-52-30-utc-1-1260x840.jpeg)
Litecoin prices fall 6% after third halving event
Litecoin prices have lost over 6% since it completed its third halving event on Wednesday evening in Asia.
![Binance could face fraud charge from US Department of Justice 45 Binance & DOJ | Binance could face fraud charge from US Department of Justice | Binance, U.S., Reuglation & Law](https://forkast.news/wp-content/uploads/2023/08/featured-image-17-1260x709.png)
Binance could face fraud charge from US Department of Justice
Officials at the U.S. Department of Justice (DOJ) are considering fraud charges against Binance, according to news site Semafor.
![Bitcoin, Ether down; Litecoin slips after halving event 46 Bitcoin, Ether down; Litecoin slips after halving event | Bitcoin on black background. Bitcoin laundering with water. Economic crisis.](https://forkast.news/wp-content/uploads/2023/08/bitcoin-on-black-background-bitcoin-laundering-wi-2022-09-27-04-31-45-utc-1260x840.jpg)
Bitcoin, Ether down; Litecoin slips after halving event
Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies dipped in Thursday morning trading in Asia, including Litecoin following its halving event.
![Litecoin completes third halving event 47 Litecoin | Bitcoin dips under US$27,000, Ether falls, Litecoin leads winners, U.S. equities bounce back | Markets, BTC - Bitcoin, ETH - Ethereum, NFT - Non-Fungible Token, Inflation](https://forkast.news/wp-content/uploads/2023/06/golden-litecoin-coin-close-up-2022-12-16-11-52-30-utc-1260x840.jpeg)
Litecoin completes third halving event
Litecoin has executed its third halving event on Wednesday, reducing block rewards for miners from 12.5 to 6.25 Litecoins per block.
![Bitcoin Ordinals profitability falls in July, but total inscriptions pile on 48 A screenshot of Ordinals Punks, from Bitcoin Ordinals Market](https://forkast.news/wp-content/uploads/2023/04/Ordinals-punks-1.png)
Bitcoin Ordinals profitability falls in July, but total inscriptions pile on
Revenue for NFT services on the Bitcoin network, or the aggregate value of marketplace fees and creator royalties, declined over July even as total Ordinals inscriptions crossed 20 million.
![Kenya suspends Worldcoin over security concerns 49 Close up picture of Kenyan shilling, shallow depth of field.](https://forkast.news/wp-content/uploads/2023/08/kenya-1260x840.jpg)
Kenya suspends Worldcoin over security concerns
The Republic of Kenya has suspended Worldcoin, a cryptocurrency project co-founded in 2019 by OpenAI chief Sam Altman, while the country’s security and data protection services look into the authenticity and legality of the project, the Ministry of the Interior and National Administration said on its Facebook page on Wednesday.
![Bitcoin returns above US$29,000 support level, most top 10 tokens rise 50 Closeup Bitcoins mockup on the keyboard over the cryptocurrency trading graph in the computer screen, crypto currency and investment concept](https://forkast.news/wp-content/uploads/2023/08/bitcoin-3-1260x840.jpg)
Bitcoin returns above US$29,000 support level, most top 10 tokens rise
Bitcoin was the day’s biggest gainer, rising 2.11% in the past 24 hours. Ether rose 1.11%.
![China is Binance’s largest market with US$90 billion despite crypto ban: WSJ 51 China, where crypto is banned, is Binance’s largest market with US$90 billion worth of transactions](https://forkast.news/wp-content/uploads/2023/08/Untitled-design-70-1260x709.jpg)
China is Binance’s largest market with US$90 billion despite crypto ban: WSJ
Binance users in China traded about US$90 billion worth of cryptocurrency-related assets in May despite the crypto ban since 2021.
![Shanghai plans blockchain infrastructure hub to link with Hong Kong, Singapore by 2025 52 Shanghai | Shanghai plans blockchain infrastructure hub to link with Hong Kong, Singapore by 2025 | China, blockchain, Regulation & Law](https://forkast.news/wp-content/uploads/2023/08/GettyImages-83750174-1260x845.jpg)
Shanghai plans blockchain infrastructure hub to link with Hong Kong, Singapore by 2025
Shanghai plans to build a blockchain infrastructure by the end of 2025 and establish links with Hong Kong and Singapore.
![Tokenization could bring mass adoption to crypto — or trigger disaster: Opinion 53 mobile phone and credit card; digital payment concept](https://forkast.news/wp-content/uploads/2023/07/Screen-Shot-2023-07-28-at-4.33.00-PM-1260x707.png)
Tokenization could bring mass adoption to crypto — or trigger disaster: Opinion
Tokenization is having a breakout year, but providers must learn from the past to prevent another FTX or Celsius-level crisis, writes Philipp Pieper of Swarm.
![Cryptos show resilience; BNB gains on Binance Japan launch 54 Cryptocurrency golden bitcoin image for crypto currency | Cryptos show resilience; BNB gains on Binance Japan launch; US credit rating downgraded](https://forkast.news/wp-content/uploads/2023/08/cryptocurrency-golden-bitcoin-image-for-crypto-cur-2021-10-21-04-34-28-utc-1-1260x840.jpg)
Cryptos show resilience; BNB gains on Binance Japan launch
Bitcoin, Ether and most other top ten tokens gained Wednesday morning in Asia, with BNB leading winners after Binance Japan launch.
![The diversity in NFTs 55 Gamers Come Together To Compete At The epicLAN Esports Tournament](https://forkast.news/wp-content/uploads/2023/08/Gamers-Come-Together-To-Compete-At-The-epicLAN-Esports-Tournament.jpg)
The diversity in NFTs
NFT trading volumes continue to stay low but gaming NFTs gave traders some positive news this week.
![Binance Japan launches with 34 tokens, BNB debuts in the country 56 binance](https://forkast.news/wp-content/uploads/2022/08/binance-1.jpg)
Binance Japan launches with 34 tokens, BNB debuts in the country
Binance announced the launch of Binance Japan on Tuesday, offering 34 cryptocurrencies.
![Bitcoin, Ether extend losses; most other top 10 cryptos fall 57 close-up photo of bitcoin cryptocurrency physical coin on the tablet computer showing stock market charts. trading bitcoin cryptocoin concept on the wooden table](https://forkast.news/wp-content/uploads/2023/08/bitcoin-1260x840.jpg)
Bitcoin, Ether extend losses; most other top 10 cryptos fall
Bitcoin fell in Tuesday afternoon trading in Asia, dipping below the support level of US$29,000.
![Crypto’s latest inflection point an opportunity for Asia to lead, says Circle’s Yam Ki Chan 58 Yam Ki Chan talking](https://forkast.news/wp-content/uploads/2023/08/190508_GUA135_LS_1587-1-1260x840.jpg)
Crypto’s latest inflection point an opportunity for Asia to lead, says Circle’s Yam Ki Chan
Speaking at the WebX Asia conference in Tokyo, Circle’s Singapore-based vice president of strategy and policy discusses U.S. regulation, growing pains in the crypto industry and Asia’s burgeoning role as a Web3 innovator.
![Web3 has a big security problem, and the industry is not doing enough to protect users: Opinion 59 cybersecurity](https://forkast.news/wp-content/uploads/2023/07/Forkast-Opinion-Images-2-5-1260x710.png)
Web3 has a big security problem, and the industry is not doing enough to protect users: Opinion
If Web3 wants to be an alternative to traditional finance, the industry must make itself less vulnerable to hacks and security breaches, writes Richard Meissner.
![Bitcoin, Ether drop in Asia afternoon trading amid DeFi hack reports; most other leading tokens decline 60 Intruder gains access to secrets. Hacker hacking into the security system. Data leakage, industrial espionage. Crypto theft, computer viruses. Authentication. Electronic encryption key. | Bitcoin, Ether little-changed as market digests Curve hack; most leading tokens decline](https://forkast.news/wp-content/uploads/2023/08/intruder-gains-access-to-secrets-hacker-hacking-i-2023-01-25-12-18-37-utc-1260x850.jpg)
Bitcoin, Ether drop in Asia afternoon trading amid DeFi hack reports; most other leading tokens decline
Bitcoin and Ether fell in early Tuesday afternoon trading in Asia, with Bitcoin slipping below support at US$29,000. Ether fell more than 2%.
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Tether says USDT excess reserves reached US$3.3 billion in Q2
Tether Holdings Limited, the issuer of stablecoin USDT, released its consolidated reserves report for the second quarter of 2023 on Monday, showing consolidated assets of at least US$86.5 billion against total liabilities of US$83.2 billion. Tether reported an increase of approximately US$850 million in its excess reserves, totaling around US$3.3 billion as of June 30, the close of the quarter.
![Bitcoin, Ether slip, top 10 cryptos fall led by Tron 62 Backgrounds and textures: group of golden bitcoin coins, close-up shot, shallow depth of field | Bitcoin price falls, heads for weekly loss; Ether flat, Matic leads gainers, Solana the losers](https://forkast.news/wp-content/uploads/2023/07/group-of-golden-bitcoins-2021-09-03-20-18-31-utc-1260x848.jpg)
Bitcoin, Ether slip, top 10 cryptos fall led by Tron
Bitcoin and Ether slipped during Monday afternoon trading in Hong Kong along with all other top 10 non-stablecoin cryptocurrencies by market capitalization, except the BNB token, with crypto markets poised for an uneventful month ahead, industry experts told Forkast.
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Proving our humanity in an AI world is not an option — it’s a necessity: Opinion
As artificial intelligence becomes more human-like, it’s critical to distinguish real people from code and prevent Web3 from turning into a bot zoo, writes Khori Whittaker, executive director of Ethereum Name Service.
![Bitcoin, Ether dip but remain range-bound following Curve Finance hack 64 Bitcoin | Bitcoin, Ether dip but remain range-bound; Tron’s TRX leads losers | Markets, BTC, ETH, NFT, Hacking](https://forkast.news/wp-content/uploads/2023/07/golden-bitcoin-cryptocurrency-2021-08-26-18-32-29-utc-6-1260x840.jpg)
Bitcoin, Ether dip but remain range-bound following Curve Finance hack
Bitcoin and Ether prices dropped on Monday morning in Asia, but remained above key support levels. Altcoins fell on Curve Finance hack.
![Weekly Market Wrap: Bitcoin falls below key US$30,000 support level, as market optimism over ETFs ebbs 65 close-up photo of bitcoin cryptocurrency physical coin on the tablet computer showing stock market charts. trading bitcoin cryptocoin concept on the wooden table](https://forkast.news/wp-content/uploads/2023/06/bitcoin-15-1260x840.jpg)
Weekly Market Wrap: Bitcoin falls below key US$30,000 support level, as market optimism over ETFs ebbs
Bitcoin fell below US$30,000 this week, as market optimism over ETFs began to ebb. Bitcoin has to hold above US$28,000 next week to avoid further bearish momentum, industry experts told Forkast.
![Bitcoin, Ether drop; Dogecoin, Polygon lead losers 66 Golden bitcoin on graph background](https://forkast.news/wp-content/uploads/2023/07/bitcoin-6-1260x840.jpg)
Bitcoin, Ether drop; Dogecoin, Polygon lead losers
Bitcoin and Ether dropped in afternoon Asia trading. Dogecoin, Polygon led losses while Tron and Litecoin gained.
![Crypto isn’t fixing the remittance travesty — but it could: Opinion 67 remittance spelled in wooden cubes](https://forkast.news/wp-content/uploads/2023/06/Forkast-Opinion-Images-2-12-1260x710.png)
Crypto isn’t fixing the remittance travesty — but it could: Opinion
Blockchain technology has the potential to slash transaction fees, speed up money transfers and lift up the world’s poor. Why aren’t we doing that yet?
![Bitcoin, Ether end week in interest rate, summer doldrums; Binance’s BNB token leads winners 68 Bitcoin | Bitcoin, Ether end week in interest rate doldrums; Binance’s BNB token leads winners | BTC, ETH, Binance, Markets, NFT](https://forkast.news/wp-content/uploads/2023/07/bitcoin-cryptocurrency-gold-coin-trading-on-the-c-2021-10-14-19-24-29-utc-3-1260x840.jpg)
Bitcoin, Ether end week in interest rate, summer doldrums; Binance’s BNB token leads winners
Bitcoin and Ether prices were largely mixed but running into the red on Friday morning in Asia, looking to end the week with losses after a period of directionless trading.
![Is Worldcoin’s free crypto more than just a freebie? 69 Is Worldcoin’s free crypto more than just a freebie?](https://forkast.news/wp-content/uploads/2023/07/Worldcoin-metaverse-Japan-1260x710.png)
Is Worldcoin’s free crypto more than just a freebie?
Concerns arise over Worldcoin’s free crypto. NFT market does a crabwalk. Japan’s next big thing for the metaverse.
![Bitcoin, Ether slip, top 10 cryptos rise except Dogecoin 70 Bitcoin halving. Cryptocurrency trading. Trading at home. New economy](https://forkast.news/wp-content/uploads/2023/07/bitcoin-2-1260x840.jpg)
Bitcoin, Ether slip, top 10 cryptos rise except Dogecoin
Bitcoin and Ether slipped during Thursday afternoon trading in Hong Kong, while all other top 10 non-stablecoin cryptocurrencies by market capitalization rose, except Dogecoin.
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US congressional committee passes crypto bill, steps closer to regulatory clarity
The U.S. House Financial Services Committee passed a bill Wednesday aimed at defining whether cryptocurrencies are securities or commodities.
![Bitcoin, Ether edge up after Fed raises interest rates as expected; Solana leads winners 72 Bitcoin | Bitcoin, Ether edge up after Fed raises interest rates as expected; Solana leads winners | Markets, BTC, ETH, SOL, NFT](https://forkast.news/wp-content/uploads/2023/07/golden-bitcoin-cryptocurrency-2021-08-26-18-32-26-utc-1260x840.jpg)
Bitcoin, Ether edge up after Fed raises interest rates as expected; Solana leads winners
Bitcoin gained Thursday morning in Asia, but not enough to breach US$29,500 after the Fed raised interest rates by the expected quarter point.