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Sunset glow in Sanya, the capital city of Hainan province.

China’s Hainan province to step up NFT supervision

Hainan province, a popular tourist destination in South China, published a notice on Sunday vowing to step up oversight on non-fungible tokens, or “digital collectibles,” which authorities said come with risks of fraud, money laundering and illegal fundraising.
U.S. White House. | Biden administration urges U.S. congress to pursue crypto regulation.

Biden administration urges U.S. congress to pursue crypto regulation

Four senior officials in U.S. President Joe Biden’s administration called for Congress to “step up its efforts” in regulating the cryptocurrency market.
Bitcoins sitting on top of U.S. cash. | Markets: Bitcoin closes in on US$24,000, lifts crypto top 10

Markets: Bitcoin closes in on US$24,000, lifts crypto top 10

Bitcoin was up on Monday morning in Asia, reaching its highest price in five months. Ether also rose along with all other top 10 non-stablecoin cryptocurrencies, with Solana and Litecoin posting the biggest gains.
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
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.
Bankrupt BlockFi asks court to approve bonuses to keep staff

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.
Coins with bitcoin symbol on red light and crypto stocks chart b

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

Bitcoin this week broke through the US$23,000 price ceiling for the first time since Aug. 2022. Can the benchmark cryptocurrency maintain its momentum? Industry commentators share their views with Forkast on what the market is telling investors and the signals from the U.S. Federal Reserve on interest rates.
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
bithumb office in Gangnam, Seoul | More bad news for South Korea’s Bithumb exchange with “Kimchi coin” manipulation allegations | bithumb, south korea, bithumb investigation, kang ji-yeon, kang jong-hyun

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

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.
Ethereum and Bitcoin | Markets: Bitcoin dips but holds above US$23,000, Ether slips, Polygon biggest gainer in top 10 | bitcoin news, bitcoin price today, ether news, ether price today, polygon mastercard, polygon matic, polygon arkham intelligence

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.
Coinbase

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
FTX balance sheet

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.  
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.
Forkast.News Editor-in-chief Angie Lau (left), World Economic Forum Head of Blockchain and Digital Assets Brynly Llyr (right) | World Economic Forum’s digital asset head expects real-world blockchain adoption in 2023 | crypto, davos 2023

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.
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Forkast Opinion Images 4

An open letter to Sen. Elizabeth Warren: Your shotgun approach to crypto is dangerous for America

FTX’s implosion is spurring a regulatory scramble to rein in the crypto sector. But one influential US lawmaker may do more harm than good, writes Kadan Stadelmann, CTO of Komodo.
bitcoin crypto currency diagram | Markets: Bitcoin, Ether prices rise as crypto market stages rebound; Solana biggest gainer among top 10 | bitcoin price, ether price, crypto price, cardano, solana, polygon

Markets: Bitcoin, Ether prices rise as crypto market stages rebound; Solana biggest gainer among top 10

Bitcoin and Ether rebounded in Thursday morning trading in Asia amid broad gains in the top 10 non-stablecoin cryptocurrencies.
Digital Currency Group

DCG-owned Luno exchange to axe 35% of its staff

Cryptocurrency exchange Luno, the London-based trading platform owned by venture capital firm Digital Currency Group (DCG), will let go of 35% of its global workforce
European Union flag with a golden Bitcoin in the background

EU looks to place limit on banks holding crypto

European Union lawmakers have voted in favor of a draft bill that imposes stricter capital requirements on banks holding crypto assets.
Bankrupt BlockFi's financials show US$1.2 bln exposure to FTX, Alameda

Bankrupt BlockFi’s financials show US$1.2 bln exposure to FTX, Alameda: report

Bankrupt BlockFi reportedly had over US$1.2 billion of assets tied to FTX.com and its sister trading firm Alameda Research
Top blockchain and crypto news: Genesis bankruptcy begins. FTX chief ponders a reboot. China’s CBDC gets a smart-contract upgrade.

Will Genesis meet its maker amid creditors closing in?

Top blockchain and crypto news: Genesis bankruptcy begins. FTX chief ponders a reboot. China’s CBDC gets a smart-contract upgrade.
cryptocurrency and stock market business concept

Markets: Bitcoin, Ether extend losses; Solana, Cardano biggest losers in top 10 cryptos

Bitcoin and Ethereum fell in Wednesday afternoon trading in Asia, as Solana and Cardano led losses among the other top 10 non-stablecoin cryptocurrencies by market capitalization.
Bitcoin mining machines. | Blockstream says it raised US$125 million to expand Bitcoin mining hosting operations

Blockstream says it raised US$125 million to expand Bitcoin mining operations

Blockchain infrastructure firm Blockstream Corporation Inc. on Tuesday said it raised US$125 million from convertible note and secured loan financing to expand its Bitcoin mining operations and meet strong demand for what it called “institutional hosting services.”
Bitcoins sitting inside a wallet. | Binance says it erroneously mixed customer funds with collateral for Binance-issued tokens

Binance says it erroneously mixed customer funds with collateral for Binance-issued tokens

Binance Holdings Ltd., the world’s largest cryptocurrency exchange, acknowledged it mistakenly stored customer funds in the same wallet holding collateral for its Binance-pegged tokens, known as B-Tokens
tokyo and tether stablecoin token on top of dollar bills | Japan’s financial regulator aims to lift ban on foreign stablecoin trading by June this year | japan stablecoin crypto regulation stablecoin ban

Japan’s financial regulator aims to lift ban on foreign stablecoins by June this year

Japan plans to introduce regulations by June this year that will allow domestic investors to trade certain stablecoins from overseas.
Bitcoin and U.S. cash on table. | Markets: Bitcoin, Ether dip as investors take profits; earnings reports, economic data rattle equities

Markets: Bitcoin, Ether dip as investors take profits; earnings reports, economic data rattle equities

Bitcoin and Ether fell in Wednesday morning trading in Asia, along with the other top 10 non-stablecoin cryptocurrencies as investors seemed to be taking profits after the strong gains in crypto prices since the start of the year.
Chairman of the Monetary Authority of Singapore Tharman Shanmugaratnam speaking at the "Banking in the Eye of the Storm" panel at Davos 2023. Regulators should not legitimize ‘purely speculative’ crypto activity: Singapore’s monetary authority chief.

Regulators should not legitimize ‘purely speculative’ crypto activity: Singapore’s monetary authority chief

Regulators should not legitimize “purely speculative” activity in crypto markets following the collapse of FTX, said Monetary Authority of Singapore Chairmen.
Bitcoins and dollars

Markets: Bitcoin rises above US$23,000; Polkadot, BNB lead gains across top 10 cryptos

Bitcoin broke the US$23,000 resistance line in Tuesday afternoon trading in Asia, with most other top 10 non-stablecoin cryptocurrencies by market capitalization also higher.
genesis logo | Digital Currency Group’s crypto brokerage Genesis Global Capital files for bankruptcy

Bankrupt crypto lender Genesis ‘optimistic’ about resolving creditor dispute: Reuters

Genesis Global Capital’s lawyers are confident about resolving their disputes with creditors this week, with the goal of emerging from Chapter 11 in May.
The reflection and shadow of a fork. Ethereum’s Shanghai Mainnet moves one step closer as “Shadow Fork” goes live

Ethereum’s Shanghai Mainnet moves one step closer as “Shadow Fork” goes live

Software developers for Ethereum, the world’s second-largest blockchain, on Monday said they successfully deployed a copy of the blockchain — or “shadow fork” — to run tests of the upcoming Shanghai hardfork upgrade scheduled for March.
Mosque (left), figure showing cryptocurrency investments spike in value (right)

Why Islamic finance is thriving despite global market storms

While much of the world economy remains mired in winter doldrums, it’s springtime for the Islamic finance sector. Mohammed AlKaff AlHashmi of Islamic Coin explains why.
Pile of golden bitcoin tokens laid out

Markets: Bitcoin edges higher, Ether little changed; XRP, Polkadot post strong gains in mixed market

Bitcoin edged higher to the US$23,000 resistance line, while Ether traded little changed in mixed early morning trading in Asia on Tuesday.
Sumit Gupta

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.
Signature Bank. Binance says Signature Bank no longer supports crypto exchange transactions of under US$100,000.

Binance says Signature Bank no longer supports crypto exchange transactions of under US$100,000

Signature Bank will not handle transactions of less than US$100,000 for crypto exchange customers starting in February, according to exchange giant Binance.
Bitcoin and others cryptocurrencies mining farm. GPU graphic cards rig for cryptocurrency mining

U.S.’ first nuclear-powered Bitcoin mining center to open in Q1

The U.S. will open its first nuclear-powered data center offering Bitcoin mining in the first quarter of the year.
South Africa flag is depicted on the screen with the program code. The concept of modern technology and site development.

Crypto ads should include risk warnings, says South African advertising regulation group

Crypto ads airing in South Africa must warn potential investors of risks, according to new guidelines by the country’s Advertising Regulatory Board (ARB).
Bitcoin

Markets: Bitcoin slips, remains above US$22,000; Dogecoin leads gains

Bitcoin dipped 0.89% in Monday afternoon trading in Asia but remained above a four-month high of US$22,00, while all other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed.
European Union concept with gavel and brown paper with the word legislation

Why Europe’s DORA regulation is a band aid but not a cure

EU’s new Digital Operational Resilience Act aims to help firms withstand cyberattacks. Monica Oravcova of Naoris Protocol explains why it doesn’t go far enough.
Students working at a computer. | Binance Charity to fund over 30,000 Web3 scholarships in 202

Binance Charity to fund over 30,000 Web3 scholarships in 2023

Binance Charity Fund, the philanthropic arm of the world’s largest crypto exchange, Binance Global Inc., has announced it is funding 30,665 Web3 scholarships in 2023.
Stack of Ethereum coins. | Bankrupt Genesis’s trading arm still moving funds on blockchain, reveals extent of liabilities.

Genesis’s trading arm moving funds on blockchain, bankrupt units reveal extent of liabilities

According to on-chain data, the trading arm of bankrupt crypto lending firm Genesis is still moving funds around on the blockchain.
Bitcoins sitting on top of U.S. cash. | Markets: Bitcoin holds at 4-month high above US$22,000, crypto market cap back above US$1 trillion

Markets: Bitcoin holds at four-month high above US$22,000, crypto market cap back over US$1 trillion

Bitcoin traded little changed Monday morning in Asia, holding above a four-month high of US$22,000 amid a broader rally over the weekend, helped by comments from a U.S. Federal Reserve official backing a smaller interest rate increase at the central bank’s meeting at the end of this month.
Women in an office working on their laptops

Crypto is second most owned asset class for young women after cash: report

Cryptocurrency is the second most owned asset class for women after cash, according to an Etoro report
Angel invertor. Investing in start-up companies.

Accelerator Graviton to help Indian Web3 start-ups get funding

India-focused accelerator Graviton has announced an initiative to help Indian Web 3.0 start-ups get up to US$50,000 in funding
Nexo trading platform

Crypto lender Nexo to pay US$45 mln to settle U.S. SEC charges

Crypto lender Nexo Capital has agreed to pay US$45 million in a settlement with the SEC and the NASAA, over allegations of failing to register its lending product,
Bitcoin and chart

Markets: Bitcoin dips below US$21,000

Bitcoin slipped below US$21,000 in Friday afternoon trade in Asia while prices of other top 10 non-stablecoin cryptocurrencies were mixed. 
Golden Bitcoin token, with a screen showing a Bitcoin chart in the background.

Weekly Market Wrap: Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap?

Bitcoin’s price has had its best weekly run up since February 2021 in the seven days through Jan. 18, but is that the start of a bull run or setting up the optimists for a sucker punch? Experts share their predictions with Forkast.
Gavel in front of American Flag

Binance among top Bitcoin receivers of Bitzlato’s illegal funds, FinCEN says

The Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Department of the Treasury that combats financial crimes, has named Binance, the world’s largest cryptocurrency exchange, as one of the top three receiving counterparties of Bitzlato Ltd. 
FTX CEO John J. Ray III and FTX logo | FTX chief John Ray mulls resurrection of collapsed crypto exchange | ftx.com, ftx us, sam bankman-fried, genesis global capital, digital currency group

FTX chief John Ray mulls resurrection of collapsed crypto exchange

FTX is exploring options to revive its bankrupt international cryptocurrency exchange, FTX.com, CEO John Ray told the Wall Street Journal.
Cardano co-founder Charles Hoskinson and Coindesk logo | Cardano’s Hoskinson expresses interest in buying CoinDesk from cash-strapped Digital Currency Group | cardano, coindesk, dcg, digital currency group

Cardano expresses interest in buying CoinDesk from cash-strapped Digital Currency Group

Cardano co-founder Charles Hoskinson said he is considering acquiring CoinDesk, the media arm of the struggling Digital Currency Group.
genesis logo | Digital Currency Group’s crypto brokerage Genesis Global Capital files for bankruptcy

Digital Currency Group’s crypto brokerage Genesis Global Capital files for bankruptcy

Crypto brokerage firm Genesis Global Capital filed for Chapter 11 bankruptcy on Thursday in the Southern District of New York.
U-turn sign (left), Bitcoin cryptocurrency investment chart

Stuck in stone? Why DLT transactions should be reversible

Why insist that ‘code is law’ when the reality is riddled with human error, sloppy design and tampering? Paul Madsen of HBAR Foundation reexamines one of the central tenets of blockchain technology.
bitcoin and cardano tokens | Markets: Bitcoin bounces back above US$21,000; Cardano gains on CoinDesk speculation | bitcoin price, charles hoskinson, cardano, coindesk, ripple, brad garlinghouse, ether, crypto price, crypto news

Markets: Bitcoin bounces back above US$21,000, Cardano gains amid CoinDesk speculation

Bitcoin and Ether rebounded Friday morning in Asia along with all of the top 10 non-stablecoin cryptocurrencies. Cardano and Ripple led the gains.
Two mobile phones performing a transaction

Universal digital payments network for stablecoins, CBDCs launches at Davos

The Universal Digital Payments Network (UDPN), which aims to offer interoperability between regulated stablecoins and CBDCs, was launched today at the World Economic Forum in Davos.
Busan's steering committee for establishing digital exchange | S. Korean city Busan to launch digital commodities exchange, shelves crypto | busan crypto binance huobi ftx gate.io crypto.com

S. Korean city Busan to launch digital commodities exchange, shelves crypto

Busan, South Korea’s second-largest city, announced Thursday that it will launch a digital commodities exchange in the second half of this year.
Bitcoin

Markets: Bitcoin, Ethereum extend losses

Bitcoin and Ethereum fell Thursday afternoon in Asia, along with all other top 10 non-stablecoin cryptocurrencies on market concerns the U.S. Federal Reserve may increase interest rates further to tackle inflation. 
Hands holding australian dollars 50 banknotes.

National Australia Bank to launch AUDN stablecoin: report

National Australia Bank, one of the four major banks in the country, has created a stablecoin AUDN for cross-border transactions and carbon credit trading, according to an Australian Financial Review report. 
Sam Bankman-Fried. | Former FTX U.S. CEO Sam Bankman-Fried rejects liquidators' claim of recovered assets

Former FTX U.S. CEO Sam Bankman-Fried rejects liquidators’ claim of recovered assets

Founder and former chief executive of FTX U.S., Sam Bankman-Fried, has rejected claims by the company’s current leadership made in a presentation on Tuesday that the team has only recovered US$181 million worth of funds from the exchange.
Hong Kong Skyline. | Singapore-based crypto unicorn Amber Group slashes Hong Kong workforce, SCMP reports

Singapore-based crypto unicorn Amber Group slashes Hong Kong workforce, SCMP reports

Singapore-based digital asset manager Amber Group has cut its Hong Kong staff by half to 40 to weather a slump in cryptocurrency prices and a cascade of bankruptcies in the industry.
Genesis Global Capital logo in faded red background | DCG’s crypto lender Genesis may file for bankruptcy, according to Bloomberg report | digital currency group, genesis global capital, barry silbert, 3ac, ftx, coindesk

DCG’s crypto lender Genesis may file for bankruptcy, according to Bloomberg report

Crypto brokerage firm Genesis Global Capital is preparing to file for bankruptcy as early as this week, Bloomberg reported.
cracked windshield from crash with shadows of crypto coins

Why crypto crashes are just like Nascar collisions

Small details can make a big difference on performance, and one careless error can lead to calamity. How should those in crypto drivers’ seats navigate their path?
Two Bitcoins sitting on top of U.S. cash. | Markets: Bitcoin, Ether fall on U.S. economy worries, hawkish Fed comments on interest rates

Markets: Bitcoin, Ether fall on U.S. economy worries, hawkish Fed comments on interest rates

Bitcoin and Ether fell Thursday morning in Asia along with most other top 10 non-stablecoin cryptocurrencies on concerns about the direction of the U.S. economy and interest rates.
How embracing real estate tokenization can boost business for property brokers

Cutting in the middlemen: How embracing real estate tokenization can boost business for property brokers

One of the most lauded benefits of bricks-and-mortar tokenization is less intermediary involvement in transactions. Tokenization can certainly make real estate investment cheaper and more efficient, but it’s also a potential win for property professionals.
Kofu City, Japan Downtown Skyline at Dusk

Coinbase asks Japan customers to withdraw holdings as it halts operations

Coinbase Global Inc., the world’s second largest cryptocurrency exchange by trade volume, has asked customers in Japan to withdraw crypto and fiat holdings by Feb. 16, as it halts operations “to conduct a complete review” of its business in the country.
Genesis, Gemini face US charges over unregistered securities sales

Genesis, Gemini face US charges over unregistered securities sales

Top blockchain and crypto news: SEC frowns on Genesis, Gemini. Solana soars. Will China tighten its embrace of WeChat Pay and Alipay to push its CBDC?
CFTC logo on a brick wall

CFTC commissioner calls for clearer crypto regulations

Caroline Pham, commissioner of the U.S. Commodity Futures Trading Commission (CFTC) commissioner, has urged regulators to develop clearer crypto industry standards.
Bitcoin coins on keyboard computer with trading exchange graph

Markets: Bitcoin, Ether rise further; Dogecoin leads gains in top 10 cryptos

Bitcoin and Ethereum gained in Wednesday afternoon trading in Asia, while price movements of top 10 non-stablecoin cryptocurrencies were mixed, with Dogecoin leading gains.
Bitcoin in front of graphs. | Silvergate reports US$1 billion loss, attributes to “crisis of confidence” in crypto sector.

Silvergate reports US$1 billion loss, attributes to “crisis of confidence” in crypto sector

U.S.-based cryptocurrency bank Silvergate Capital Corp., which saw clients withdraw more than US$8 billion late last year, on Tuesday reported a US$1 billion loss for the fourth quarter of 2022, a slump it attributed to a “crisis of confidence” in the sector resulting from several large bankruptcies.
Image of hacker on laptop, FTX mobile app showing notice of withdrawal halt | FTX says US$415 mln in crypto was hacked since bankruptcy filing | ftx hack, binance, sam bankman-fried

FTX says US$415 mln in crypto hacked since bankruptcy filing

Bankrupt crypto exchange FTX told creditors that it lost around US$415 million worth of cryptocurrencies to hacks since it filed for bankruptcy.
Two Bitoins sitting on a grey background. | Markets: Bitcoin, Ether prices little changed; Polkadot gains as Polygon, Solana give up ground

Markets: Bitcoin, Ether prices little changed; Polkadot gains as Solana gives up ground

Bitcoin and Ether were little changed in a muted morning of trading on Wednesday in Asia, as few top 10 non-stablecoin cryptocurrencies moved by more than 1% in either direction.
IPFS to demonstrate long distance communications in space aboard LM 400 spacecraft

IPFS to demonstrate long distance communications in space aboard LM 400 spacecraft

IPFS will be heading to space this year to reduce latency between nodes communicating in orbit for blockchain applications, Marta Belcher of the Filecoin Foundation told Forkast.
China flag, Digital collectible (right) on ShucangCN app

China NFT platforms expand into Hong Kong in face of compliance risks on mainland

Hong Kong’s new digital asset-friendly policies could set the city up as the home for secondary NFT marketplaces from China as trading of ‘digital collectibles’ remains a gray area on the mainland.
Image of Bankgog

Thailand’s SEC issues new regulations for crypto custody services

The Securities and Exchange Commission of Thailand issued new rules for cryptocurrency custody services on Tuesday.

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