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Terraform Labs chief Do Kwon and the flag of Montenegro | Terraform Labs Do Kwon to get court hearing May 11 on Montenegro passport forgery charges | terra luna do kwon sec daniel shin

Terraform Labs Kwon to get Montenegro court hearing May 11 on passport forgery charges

Kwon Do-hyeong will have a court hearing on May 11 in Montenegro on charges of allegedly attempting to travel using a false passport.
Bitcoin on chart | Bitcoin, Ether gain, but hold losses for the week; U.S. equity futures lose ground | Markets, BTC - Bitcoin, ETH - Ethereum

Bitcoin, Ether gain, but hold losses for the week; U.S. equity futures lose ground

Bitcoin rose on Monday morning in Asia but was boxed in below US$28,000. Ether and most other top 10 tokens gained, but not by enough to erase losses for the past week.
Pepe

Uncertainty in crypto cycles from Memecoins & NFTs

A new memecoin craze is raising Ethereum transaction fees, but it’s also bringing new liquidity in for non-fungible tokens.
gold bank vault with crypto Bitcoin

Weekly Market Wrap: Can Bitcoin float above US$27,500 after sinking below US$30,000?

Bitcoin fell to US$28,000 in the same week the European Parliament passed its landmark crypto framework. Industry analysts told Forkast that holding US$27,500 will be crucial for Bitcoin in order to spark an upward momentum.
Abu Dhabi

Abu Dhabi calls for feedback on proposed legal framework for decentralized economy: CoinDesk

The UAE’s registration authority of Abu Dhabi Global Market is seeking feedback on its proposed legislative framework for distributed ledger technology, which will focus on disclosures, liquidation, and governance structures, according to a report by CoinDesk
A screenshot of Ordinals Punks, from Bitcoin Ordinals Market

Bitcoin’s mempool congestion eases after millionth Ordinals inscription

Mempool congestion issues subsided after the Bitcoin network surpassed 1 million Ordinals inscriptions.
Bitcoin on green light and crypto stocks chart background.

Bitcoin, Ether decline; equities fall amid U.S.-China tension

Bitcoin and Ether fell by the end of Asian trading hours on Friday afternoon, together with all top 10 non-stablecoin cryptocurrencies by market capitalization apart from the BNB token. Asian equities declined along with U.S. futures, amid mounting political pressure between China and the U.S. Fast facts See related article: EU green lights MICA but […]
Leading auction house Sotheby’s said it will hold sales of NFT artworks to the bankrupt crypto hedge fund Three Arrows Capital.

Sotheby’s to auction off NFTs owned by defunct hedge fund Three Arrows Capital

Leading auction house Sotheby’s said it will sell NFT artworks owned by the bankrupt crypto hedge fund Three Arrows Capital.
Bitcoin and crypto mining farm. Big data center.

Bitcoin mining difficulty rises 1.7% to record high, hashrate jumps

Bitcoin’s mining difficulty level rose 1.72% on Thursday to a record high, while the network’s hashrate increased, showing miners are applying more computing power.
Bitcoin on downward chart | Bitcoin falls to near US$28,000, Ether drops, U.S. equities slide on rate hike worries | Markets, BTC - Bitcoin, ETH - Ethereum, Coinbase, Federal Reserve

Bitcoin falls to near US$28,000, Ether flat, U.S. equities slide on rate hike worries

Bitcoin fell to near US$28,000 on Friday morning in Asia, with Ether trading flat and most other top 10 non-stablecoin tokens losing steam.
crystal Earth on soil and Bitcoin mining concept

Bitcoin mining produces energy gold. Let’s use it to help save our planet

Critics have long slammed Bitcoin mining for its enormous carbon footprint. But what if all the heat that miners emit can be sustainably powered and reused?
EU crypto MiCA

EU Parliament approves its first crypto regulation MiCA

The European Parliament has approved the Markets in Crypto-Assets Act (MiCA), a legislation aimed at standardizing regulations and establishing harmonized rules for crypto assets across the European Union
Terraform Labs chief Do Kwon in front of red sky with moon image | From billionaire to Montenegro jail: The rapid rise and fall of Terra chief Do Kwon | montenegro, terra luna, do kwon, daniel shin, south korea, do kwon sec

From billionaire to Montenegro jail: The rapid rise and fall of Terra chief Do Kwon

South Korea’s Do Kwon went from a poster boy of digital finance as a co-founder of the US$40 billion Singapore-based Terraform Labs to a fugitive on Interpol’s wanted list, all in a matter of several rollercoaster years. He’s now in a Montenegro jail where he may face more time in detention as the U.S. and South Korea demand his extradition to face a long list of charges, including securities fraud – allegations he has repeatedly denied. The following is a timeline of how we got here.
Bittrex BAYC Hong Kong

Bittrex in SEC’s crosshairs as compliance lawsuits keep coming

Top blockchain and crypto news: Bittrex in SEC line of fire. Bored Apes fall after whale sale. Chinese banks court crypto clients.
Bitcoin in front of a chart | Bitcoin, Ether little-changed to lower in downtrend day; Forkast NFT 500 index dips | Markets, NFT - Non Fungible Token, BTC - Bitcoin, ETH - Ethereum, Forkast 500 NFT

Bitcoin trades below US$29,000, Ether slips, as market eyes Europe’s MiCA vote

Bitcoin and Ether fell during afternoon trading hours in Asia on Thursday, while most other top 10 non-stablecoin cryptocurrencies by market capitalization strengthened. Crypto investors were cautious ahead of Europe’s vote on the Markets in Crypto Assets (MiCA) bill.
Bitdeer Technologies went public on Nasdaq on April 14. Image: Bitdeer/Twitter

Crypto miner Bitdeer falls 35% since Nasdaq debut, reports net loss in 2022

Shares of Singapore-based cryptocurrency miner Bitdeer have slid more than 35% since their Nasdaq debut on April 14, and were trading at US$6.41 at closing on Wednesday.
Bitcoin on stock chart | Bitcoin falls below US$29,000, Ether slumps, U.S. equities stall on inflation concerns | Markets, BTC - Bitcoin, ETH - Ethereum, Inflation, Bank

Bitcoin falls below US$29,000, Ether slumps, U.S. equities stall on inflation concerns

Bitcoin slid below the US$29,000 mark on Thursday morning in Asia. Ether lost hold of US$2,000 in a sell-off across all top 10 non-stablecoin tokens.
Featured pic for Trump Series 2 sells out, tops daily NFT sales chart: The National Rifle Association Holds Annual Convention in Indianapolis

Trump’s Series 2 sells out, tops daily NFT sales chart

Former U.S. President Donald Trump’s second set of NFTs sold out within the first 24 hours since launch, according to the project’s website.
Hong Kong skyline

Hong Kong court deems crypto as property, in ruling on defunct exchange Gatecoin

Hong Kong’s High Court has recognized cryptocurrency as property in a March 31 landmark ruling in a legal tussle involving defunct crypto exchange Gatecoin
Illustration of Bitcoin sitting on top of a mining rig as difficulty reaches all-time highs

US chip giant Intel abandons Bitcoin ASIC production

Intel has announced it would shut down its Bitcoin mining chip production a year after launch.
Bitcoin on green light and crypto stocks chart background.

Bitcoin gains, holds above US$30,000; Solana, BNB biggest losers in top 10 cryptos

Bitcoin rose and traded above US$30,000 on Wednesday afternoon in Asia, while Ether fell along with most top 10 non-stablecoin cryptocurrencies by market capitalization. Solana lost the most, followed by Binance’s BNB token.
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Patriot man holding the United Kingdom flag.

U.K. could push out crypto regulation within a year: lawmaker Andrew Griffith

The U.K. could see digital asset regulation in the next 12 months as part of a push to turn the nation into a hub for digital assets, said economic secretary to the Treasury, Andrew Griffith
Bitcoin bud | Bitcoin to peak at US$42,000 in 2023, end the year above US$35,000: Finder survey | BTC - Bitcoin, Price, Bank

Bitcoin to peak at US$42,000 in 2023, end the year above US$35,000: Finder survey

Bitcoin is expected to hit a high of US$42,225 in 2023 and close the year around US$35,485, according to a survey by Finder.
Shaikh Zayed mosque in Abu Dhabi, UAE | United Arab Emirates opens licensing applications for cryptocurrency companies | binance, crypto.com, hex trust

United Arab Emirates opens licensing applications for cryptocurrency companies

UAE’s Securities and Commodities Authority said Monday it has started accepting applications for operating licenses from cryptocurrency businesses.
Bitcoins stack up | Bitcoin reclaims US$30,000, Ether heads higher after SEC’s Gensler grilled, XRP leads winners | Markets, BTC - Bitcoin, ETH - Ethereum, Gary Gensler, SEC - Securities and Exchange Commission

Bitcoin reclaims US$30,000, Ether heads higher after grilling of SEC’s Gensler; Polkadot leads winners

Bitcoin rebounded above US$30,000 on Wednesday morning in Asia. All top 10 tokens rose after SEC chair Gary Gensler was criticized at a congressional hearing for his approach to digital assets.
stock and trading graph

The true cost of zero-fee crypto trading is anything but zero

Nothing in life is free. Be wary of crypto exchanges that offer ‘free trading,’ and ask hard questions about how they make money, writes Ben Caselin of MaskEX.
Politics will be Trojan Horse for NFTs

Politics will be Trojan Horse for NFTs

Former President Donald Trump’s NFT collection’s floor price may be dropping, but media coverage may extend his profits from the digital trading cards.
SEC Chair Gensler

SEC’s Gary Gensler dodges question on whether Ethereum is a security

SEC Chair Gary Gensler did not give a direct answer when asked whether Ether is a security or a commodity at a congressional oversight hearing on Tuesday. 
Former President Donald Trump Holds A Press Conference At Mar-a-Lago After Being Arraigned In New York

Trump announces more NFTs but the first collection’s price tanks

Former U.S. President Donald Trump has announced a second drop of his NFT trading cards, but the first collection’s price is sinking.
Bitcoin cryptocurrency gold coin. Trading on the cryptocurrency exchange.

Bitcoin slips, Ether inches above US$2,100

Bitcoin dropped on Tuesday afternoon in Asia but remained above US$29,000, while Ether and most top 10 non-stablecoin cryptocurrencies gained. Dogecoin and Solana fell on the day and rose on the week.
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Ethereum

Ethereum inflows slow following Shanghai upgrade, exchanges see Ether influx

CoinShares data showed Ethereum-linked products saw little investment interest with inflows of around US$300,000 in the week ending April 14, accounting for a tiny portion of the total US$114 million weekly inflow into digital assets and despite the blockchain’s milestone upgrade last week.
Bitcoin on red background | Bitcoin, Ether, other crypto fall as SEC waves big stick; Dogecoin gains; U.S. equity futures flat | Markets, BTC - Bitcoin, ETH - Ethereum, SEC - Securities and Exchange Commission, Gary Gensler

Bitcoin, Ether, other crypto fall as SEC waves big stick; Dogecoin gains; U.S. equity futures flat 

Bitcoin, Ether and most other top 10 non-stablecoin cryptocurrencies dipped Tuesday morning in Asia after the SEC sued crypto exchange Bittrex on Monday.
abstract Web3 technology concept

Why trustless oracles are vital to Web3’s future

What are ‘trustless oracles,’ and how will they shape the development of the metaverse and Web3? Markus Levin of XYO and XY Labs explains.
Central bank of the UK

Bank of England says stablecoins need limits on use to prevent financial instability

The Bank of England may set limits on use of stablecoins, citing concern rapid introduction of such digital currencies could lead to financial instability, Deputy Governor Jon Cunliffe said in a speech on Monday.
Do Kwon and Terra logo | South Korea’s investigation of Do Kwon ‘unfair’: Terraform Labs | do kwon terra, do kwon investigation, do kwon news, do kwon latest news

Do Kwon retained law firm in South Korea before Terra collapse: Bloomberg

The founder of Terraform Labs, Do Kwon, reportedly retained a law firm in South Korea before the April 14 wipeout in TerraUSD’s value, according to a Bloomberg report.
Bitcoin on Chinese currency

Bitcoin, Ether extend losses; Solana gains most in mixed market

Bitcoin dropped on Monday afternoon in Asia and continued to trade below US$30,000. Cardano led losers among top 10 non-stablecoin cryptocurrencies in a mixed market. Solana led gains, followed by Binance’s BNB token and memecoin Dogecoin.
Bittrex logo and U.S. flag | Bittrex crypto exchange shutters US operations due to regulatory uncertainty | bittrex, binance, kraken, paxos, sec, cftc, crypto regulation

Bittrex cryptocurrency exchange rejects U.S. SEC charges it offered unregistered securities

Seattle-based crypto exchange Bittrex Inc. has rejected charges by the U.S. Securities and Exchange Commission (SEC) that it and co-founder Bill Shihara operated an unregistered national securities exchange, broker and clearing agency. The SEC filed the charges on Monday. See related article: U.S.-based cryptocurrency exchange Bittrex lays off 83 employees Fast facts See related article: U.S. SEC […]
history book and blockchain network concept

How blockchain can counter fake news and preserve history

In this era of disinformation and deep fakes, what can blockchain technology do to safeguard the truth about humanity’s shared past?
U.S. Capitol building. Image: Envato Elements

U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing

The U.S. House Financial Services Committee is set to hold a hearing on April 19 to discuss a draft bill released over the weekend on regulating stablecoins, a class of digital currency designed to offer price stability by being pegged to another asset’s value.
DAO Tokyo logo, image of Tokyo Tower | East meets West at DAO Tokyo conference as Japan plays catch up | tokyo web3, crypto, decentralized autonomous organization, japan crypto

East meets West at DAO Tokyo conference as Japan plays catch up

The global culture of decentralized autonomous organizations arrived in Japan last week for DAO Tokyo, the first event of its kind in Asia according to the organizers, drawing over 350 founders and contributors from all corners of the world for discussions on all things DAO.
SEC commissioner Hester Peirce and cryptocurrencies | SEC ‘Crypto mom’ Hester Peirce attacks U.S. regulator’s new exchange definition

SEC ‘crypto mom’ Hester Peirce attacks U.S. regulator’s new exchange definition on DeFi

SEC member Hester Peirce has criticized the regulatory agency for its proposal that seeks to expand the definition of an “exchange” to DeFi platforms.
Bitcoin on U.S. dollars | Bitcoin dips under US$30,000; Ether takes a breather; Binance, Solana lead gainers | Markets, BTC - Bitcoin, ETH - Ethereum, SOL - Solana, Binance

Bitcoin dips under US$30,000; Ether takes a breather; Binance, Solana lead gainers

Bitcoin dipped below US$30,000 in early Monday morning trading in Asia. Ether stalled after strong gains that followed last week’s blockchain upgrade.
Bitcoin on green background | Bitcoin climbs above US$28,000, XRP leads winners for the week, U.S. equities jump | Markets, BTC -Bitcoin, ETH - Ethereum, Binance, SEC - Securities and Exchange Commission

Weekly Market Wrap: Bitcoin tests upper US$30,000, Ether rises past US$2,000 after Shanghai upgrade

Bitcoin moved within a couple of hundred dollars of the US$31,000 ceiling in trading later in the week as market sentiment improved after Ethereum’s successful upgrade to unlock staked Ether. The Ethereum token broke above US$2,000 on Friday. Weaker inflation readings out of the U.S. later in the week pushed recession worries off center stage and generated some demand for “risk-on” assets, including Bitcoin, with some crypto enthusiasts seeing US$32,000 as the next barrier to break.
Cryptocurrencies | Bitcoin rises to near US$31,000, Ether leads gains across top 10 cryptos | Markets, BTC - Bitcoin, ETH - Ethereum, Cardano, China

Bitcoin rises to near US$31,000, Ether leads gains across top 10 cryptos

Bitcoin continued its rally to near the US$31,000 mark in Friday afternoon trading in Asia. All other top 10 non-stablecoin cryptos gained, led by Ethereum.
Image: Kraken/Twitter

Kraken to withdraw US$1.17 bln of staked Ether in line with SEC ruling, settlement

As part of its February settlement with the Securities and Exchange Commission (SEC), the U.S.-based Kraken crypto exchange has submitted the largest Ether withdrawal request since Wednesday’s upgrade to the Ethereum blockchain. The SEC ordered Kraken to shut down what it called unregistered staking programs.
Ethereum and Bitcoin | Bitcoin heads higher, Ether breaches US$2,000, U.S. equities rally on weak inflation readings | Markets, China, BTC - Bitcoin, ETH - Ethereum, DOGE - Dogecoin

Bitcoin heads higher, Ether breaches US$2,000, U.S. equities rally on weak inflation readings

Bitcoin rose higher in the US$30,000 band on Friday morning in Asia amid strong gains among the top 10 non-stablecoin cryptocurrencies. Ether led the winners.
cyber security and crypto wallet phone app

Can crypto wallets be both accessible and hacker-proof?

Securing keys is an issue that has bedeviled the crypto world, as the $600M Ronin and $300M Wormhole heists have painfully shown. Is there a better way?
Physical representation of Cardano's ADA cryptocurrency propped on a sandy surface.

Cardano NFTs slump as users trade top-tier projects in favor of newer ones

Cardano NFT ecosystem sees a significant decline as users sell off top-tier projects for newer ones, according to Forkast CAR NFT Composite.
y00ts-group

Forkast NFT indexes reveal the hidden costs of y00ts, DeGods’ moves across blockchains

Forkast Labs’ NFT indexes reveal Polygon’s US$3 million incentive to move y00ts over to its blockchain may have cost its users.
Intruder gains access to secrets. Hacker hacking into the security system. Data leakage, industrial espionage. Crypto theft, computer viruses. Authentication. Electronic encryption key.

Hacker exploits old Yearn Finance contract, steals $11.6 mln in stablecoins

A hacker took advantage of an old contract from Yearn Finance on Thursday to steal US$11.6 million in stablecoins.
Elon Musk and physical representation of Bitcoin.

Musk’s Twitter partners with eToro to offer crypto and stocks to users

Twitter users will soon have access to stocks and cryptocurrency through a new partnership with eToro, a trading platform. 
Ethereum coin with stock graph background

Bitcoin inches up, remains above US$30,000; Ether gains after Shapella upgrade

Bitcoin and Ether rose during Asian trading hours on Thursday, along with all of the top 10 non-stablecoin cryptocurrencies by market capitalization. Ether rose the most, following the successful completion of the Shapella upgrade.
Binance CEO Changpeng Zhao spoke virtually at Hong Kong Web3 Festival on April 12. Image: Hong Kong Web3 Festival 2023

Binance chief says unclear crypto regulation ‘the worst’

Binance CEO Changpeng Zhao said regulators need to come up with clear crypto regulations and should understand that the crypto industry is different from the traditional financial industry.
Image: Ethereum Foundation

Ethereum Shanghai upgrade prompts Ether withdrawals, but no stampede for exits

Ether holders withdrew more than US$102 million worth of Ether in the first six hours after the Shanghai upgrade opened the door to cash out the staked token, though analysts see the amount as within expectations.
Hong Kong and China flags | Hong Kong’s ZA Bank starts offering crypto-fiat conversion services: Bloomberg | Hong Kong, China, Bank, OSL

Hong Kong’s ZA Bank starts offering crypto-fiat conversion services: Bloomberg

ZA Bank, the largest virtual bank in Hong Kong, has started offering cryptocurrency conversion services through licensed crypto exchanges.
photo illustration the FTX logo and mobile app adverts are displayed on screens

Bankrupt FTX recovers US$7.3 billion in assets, considers resurrection of operations

The failed FTX cryptocurrency exchange has recovered around US$7.3 billion in assets and is considering the option of restarting its business.
Bitcoin | Bitcoin fluctuates at US$30,000; Ether gains; Litecoin, XRP drop; U.S. equities fall on recession worries | Markets, BTC - Bitcoin, ETH - Ethereum, XRP, Ripple

Bitcoin fluctuates at US$30,000; Ether gains; Litecoin, XRP drop; U.S. equities fall on recession concern

Bitcoin dipped but held above US$30,000 in Thursday morning trading in Asia that saw mixed performances among the top 10 non-stablecoin cryptocurrencies.
limit sign with stock market chart marks

How decentralized limit orders can transform crypto trading

On-chain limit orders offer an alternative to centralized exchanges by improving transparency and security, writes Ramani Ramachandran of Dfyn. What are the drawbacks?
G7 flags

G7 plans to help developing countries introduce CBDCs

Japan’s top finance diplomat, Masato Kanda, announced on Tuesday that the G7 nations will work together to help developing countries introduce CBDCs in line with international standards. 
Gavel in front of American Flag

Crypto firms hardpressed to find U.S. bank partners as industry blames ‘Operation Choke Point 2.0’

NYDFS superintendent Harris called the idea of Operation Choke Point 2.0 “ludicrous,” but industry participants largely disagree. Was the shutdown of the three largest crypto-friendly institutions a coordinated effort to unbank crypto?
1

Ethereum rolls out Shapella upgrade amid worries over price pressures

Top blockchain and crypto news: Ethereum fork prompts price fall fears. Satoshi is found — in Apple software. Hong Kong ramps up Web3 plans.
Bitcoin cryptocurrency gold coin. Trading on the cryptocurrency exchange.

Bitcoin slips but remains above US$30,000 ahead of U.S. inflation data

Bitcoin slipped in Wednesday afternoon trade in Asia but remained above the US$30,000 mark. Ether prices sank, along with all top 10 non-stablecoin cryptocurrencies by market capitalization, with Cardano and Dogecoin as the biggest losers.
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Image: Bitmain/Twitter

China fines crypto mining rig giant Bitmain US$3.6 million for tax violations

China has fined Bitmain, one of the world’s biggest producers of cryptocurrency mining rigs, nearly US$3.6 million for alleged tax violations, according to the Beijing tax authorities.
Bitdeer's mining facility in Texas, U.S. Image: Bideer

Crypto miner Bitdeer to go public on Nasdaq via SPAC deal

Singapore-headquartered crypto mining firm Bitdeer Technologies is set to go public on Nasdaq on April 14 via a SPAC merger following multiple delays in closing the US$4 billion deal.
Tron founder Justin Sun | Debt, equity investment “on the table” for FTX rescue, Justin Sun says | justin sun, ftx, ftx tron, ftx news

Binance.US to delist TRX, price drops 5.4%

Binance.US, a unit cryptocurrency exchange Binance set up to serve U.S. customers, will delist the native token of the Tron blockchain, TRX, on April 18.
French President Emmanuel Macron at the G7 Summit at Schloss Elmau | France to develop local metaverses against global giants | france metaverse emmanuel macron china u.s.

France to develop local metaverses against global giants

The French government announced a public consultation on “virtual immersive universes,” or the metaverse.
Adam Sullivan

US crypto miner Core Scientific appoints new president amid bankruptcy

Adam Sullivan, whose most recent role was managing director of XMS Capital Partners, will will work on financial and strategic matters while assisting with the negotiation of a reorganization plan.
Bitcoin on blue background | Bitcoin maintains US$30,000, Solana jumps, U.S. equities trade mixed | Markets, BTC - Bitcoin, ETH - Ethereum, SOL - Solana

Bitcoin maintains US$30,000, Solana jumps, U.S. equities trade mixed

Bitcoin held above US$30,000 in Wednesday morning trading in Asia, while most other top 10 non-stablecoin cryptocurrencies moved higher.
NFT NYC event sign in New York

NFT.NYC is back to deliver the Woodstock of NFTs

The NFT industry is gathering at New York for NFT.NYC, but the overloading frequency of events could be causing “event fatigue.”
nick agus arya 5i3oyOrojvk unsplash 1 scaled

Equinix, Astra in pact to advance Indonesia’s digital infrastructure needs

Nasdaq-listed Equinix and Indonesian conglomerate Astra International have set up a joint venture to help local businesses and multinationals capitalize on emerging technologies.
India Finance Minister Nirmala Sitharaman (left) and Adam Posen, President of Peterson Institute for International Economics.

Common regulatory framework for crypto to come during India’s G20 presidency, finance minister says

A common regulatory framework for all countries is underway, India’s Finance Minister Nirmala Sitharaman said on Monday.
Close-up of a golden Bitcoin on a dark reflective surface and the histogram of decreasing crypto in the background

Bitcoin rises above US$30,000, Solana leads gains across top 10 cryptos

Bitcoin continued to rally past US$30,000, with Ether and all other top 10 non-stablecoin cryptocurrencies gaining in Tuesday afternoon trade in Asia. Solana was the biggest gainer at 11.09%.
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