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![Crypto mining rig maker Canaan shares slump after Q4 revenue sank 82% 1 Canaan mining rigs. Image: Canaan's Twitter](https://forkast.news/wp-content/uploads/2023/03/Canaan-1260x809.jpg)
Crypto mining rig maker Canaan shares slump after Q4 revenue sank 82%
Canaan’s shares on Nasdaq closed 3.83% lower at US$2.51 on Wednesday after the cryptocurrency mining rig maker reported an 82% year-on-year drop in revenue on Tuesday for the fourth quarter of last year, citing “lackluster market demand” for mining machines as the price of Bitcoin fell.
![Crypto bank Silvergate to close, return all deposits; becomes latest victim of 2022 crypto turmoil 2 Hand holding up closed sign](https://forkast.news/wp-content/uploads/2023/03/closed-sign-2022-11-08-07-25-24-utc-1260x840.jpg)
Crypto bank Silvergate to close, return all deposits; becomes latest victim of 2022 crypto turmoil
Silvergate Capital said Wednesday it will cease operations and liquidate its bank unit.
![Forkast 500 NFT index dips, Vitalik-linked NFT token gains momentum 3 Gitcoin Presents, an NFT collection linked to Ethereum creator Vitalik Buterin. Image: screenshot of OpenSea](https://forkast.news/wp-content/uploads/2023/03/Gitcoin-1260x883.jpg)
Forkast 500 NFT index dips, Vitalik-linked NFT token gains momentum
The Forkast 500 NFT Index dipped 1.25% to 4,235.97 in the 24 hours through 10:00 a.m. in Hong Kong on Thursday.
![Bitcoin crashes through US$22,000 floor as failure of Silvergate crypto bank hits market 4 Stacked cryptocurrencies | Bitcoin crashes through US$22,000 floor as failure of Silvergate crypto bank hits market | Markets, BTC - Bitcoin, ETH - Ethereum, Silver Gate](https://forkast.news/wp-content/uploads/2023/03/bitcoin-gold-coin-lies-on-ethereum-coins-world-cr-2022-11-30-16-18-24-utc-1260x835.jpg)
Bitcoin crashes through US$22,000 floor as failure of Silvergate crypto bank hits market
The shuttering of Silvergate Bank was not unexpected, but it still drove Bitcoin and most of the top 10 non-stablecoin cryptocurrencies lower on Thursday morning in Asia.
![How Singapore’s crypto ambitions are taking shape and what other nations can learn 5 Merlion Park in Singapore; Bitcoin crypto](https://forkast.news/wp-content/uploads/2023/02/Forkast-Opinion-Images-17-1260x710.png)
How Singapore’s crypto ambitions are taking shape and what other nations can learn
Unique in the world, Singapore is a big investor and player in digital assets while advancing regulations that favor institutions over individual crypto users, writes Danny Chong of Tranchess.
![Voyager gains court approval to sell assets to Binance U.S. in US$1.3 bln deal 6 Voyager logo on a purple background](https://forkast.news/wp-content/uploads/2022/08/voyager.jpg)
Voyager gains court approval to sell assets to Binance U.S. in US$1.3 bln deal
Bankrupt crypto lender Voyager Digital received court approval from bankruptcy Judge Michael Wiles on Tuesday to sell its assets and transfer its customers to Binance’s U.S. arm, in a US$1.3 billion deal.
![Thailand to offer tax breaks to firms issuing investment tokens 7 Thailand to offer tax breaks to companies issuing investment tokens](https://forkast.news/wp-content/uploads/2023/03/thai-money-in-the-black-wallet-2021-09-04-12-10-39-utc-1260x709.jpg)
Thailand to offer tax breaks to firms issuing investment tokens
The Thai Finance Ministry will waive corporate income tax and value-added tax for firms that conduct initial coin offerings (ICOs), according to a spokesperson.
![Silvergate teeters as regulators circle and crypto firms cut ties 8 Silvergate teeters as regulators circle and crypto firms cut ties](https://forkast.news/wp-content/uploads/2023/03/Silvergate-teeters-as-regulators-circle-and-crypto-firms-cut-ties-1260x710.png)
Silvergate teeters as regulators circle and crypto firms cut ties
Top blockchain and crypto news: Silvergate woes spark bankruptcy talk. LDO dips on false enforcement rumors. Chinese leaders push digital development.
![Bitcoin, Ether fall amid U.S. Fed chair warning of more interest rate hikes; Forkast NFT 500 index slips 0.65% 9 Bitcoin cryptocurrency gold coin. Trading on the cryptocurrency exchange. Trends in bitcoin exchange rates. Rise and fall charts of bitcoin](https://forkast.news/wp-content/uploads/2022/09/bitcoin-cryptocurrency-gold-coin-trading-on-the-c-2021-10-14-19-24-29-utc-1260x840.jpg)
Bitcoin, Ether fall amid U.S. Fed chair warning of more interest rate hikes; Forkast NFT 500 index slips 0.65%
Bitcoin and Ether fell in afternoon trading in Asia on Wednesday, with XRP the sole gainer among the top 10 non-stablecoin cryptocurrencies by market cap.
![Forkast 500 NFT index slips, BAYC NFTs leads in sales volume 10 Virtual Internet Business Innovation Future Block NFT | Forkast 500 NFT index slips, BAYC NFTs sees highest sales volume | bayc, forkast nft 500, ethereum, polygon, solana, mocaverse, coinllectibles, sorare](https://forkast.news/wp-content/uploads/2023/03/virtual-internet-business-innovation-future-block-2022-12-16-12-34-02-utc-1260x840.jpg)
Forkast 500 NFT index slips, BAYC NFTs leads in sales volume
The Forkast NFT 500 Index slipped 0.68% to 4,276.12 in the 24 hours through 4:45 p.m. in Hong Kong on Wednesday.
![Fed’s Powell says stablecoins could have role in financial sector if properly regulated 11 Federal Reserve Chairman Jerome Powell testified before Congress on Tuesday. Image: Congress hearing livestream](https://forkast.news/wp-content/uploads/2023/03/powell.jpg)
Fed’s Powell says stablecoins could have role in financial sector if properly regulated
Stablecoins could have a place in the U.S. financial services sector if appropriate regulation is put in place, Federal Reserve Chairman Jerome Powell said on Tuesday at a hearing before Congress.
![Forkast 500 NFT index edges up, Animoca Brands’ NFT collection leads in sales 12 NFT letters on top of digital board | Forkast 500 NFT index edges up, Animoca Brands’ NFT collection leads in sales | forkast nft 500, cryptoslam, ethereum, bayc, otherdeed, mocaverse](https://forkast.news/wp-content/uploads/2023/03/nft-digital-art-marketplace-2022-11-02-00-01-07-utc-1-1260x840.jpg)
Forkast 500 NFT index edges up, Animoca Brands’ NFT collection leads in sales
The Forkast NFT 500 Index inched up 0.07% to 4,278.68 in the 24 hours through 9 a.m. in Hong Kong on Wednesday.
![Bitcoin dips, Ether little changed, with top 10 crypto mixed following U.S. equity slump 13 Stack of cryptocurrencies | Bitcoin dips, Ether little changed, with top 10 crypto mixed following U.S. equity slump | Markets, BTC - Bitcoin, ETH - Ethereum, Federal Reserve](https://forkast.news/wp-content/uploads/2023/03/close-up-view-of-various-bitcoins-on-dark-surface-2023-03-06-23-39-48-utc-1260x841.jpg)
Bitcoin dips, Ether little changed, with top 10 crypto mixed following U.S. equity slump
Bitcoin and other major cryptocurrencies traded mixed on Wednesday morning in Asia, largely shrugging off the slump in U.S. equities overnight.
![SEC shuts Miami hedge fund for alleged ties to US$100 mln crypto fraud 14 SEC](https://forkast.news/wp-content/uploads/2022/10/SECSEAL-1260x895.jpg)
SEC shuts Miami hedge fund for alleged ties to US$100 mln crypto fraud
The SEC announced emergency action against crypto hedge fund BKCoin and co-founder Kevin Kang in connection with an alleged fraud scheme.
![Ethereum validators win ‘short term’ as Blur, OpenSea rivalry drives up gas fees 15 Blur logo, OpenSea logo](https://forkast.news/wp-content/uploads/2023/03/Timmy2-1260x709.jpg)
Ethereum validators win ‘short term’ as Blur, OpenSea rivalry drives up gas fees
Ethereum validators are benefiting from the increasingly heated competition between the two largest NFT marketplaces that is driving up gas fees, but the windfall may not last much longer.
![FTX's Alameda sues Grayscale over crypto trusts 16 FTX's Alameda sues Grayscale over crypto trusts](https://forkast.news/wp-content/uploads/2023/03/Grayscale-1260x709.png)
FTX’s Alameda sues Grayscale over crypto trusts
Alameda Research has filed a law suit against crypto conglomerate Digital Currency Group and its asset management business Grayscale over trust investments.
![Bitcoin, Ether inch up as investors await U.S. Fed chair’s comments; Forkast NFT 500 index dips 0.44% 17 Bitcoins coin on keyboard computer.](https://forkast.news/wp-content/uploads/2023/03/bitcoin-2-1260x833.jpg)
Bitcoin, Ether inch up as investors await U.S. Fed chair’s comments; Forkast NFT 500 index dips 0.44%
Bitcoin and Ether gained in Tuesday afternoon trade in Asia, along with most other top 10 non-stablecoin cryptocurrencies. Polygon’s Matic token led gains followed by XRP and Dogecoin.
![Hong Kong’s crypto scam losses in 2022 more than double from 2021: SCMP 18 Hong Kong flag above a laptop | Hong Kong’s crypto scam losses in 2022 more than double from 2021: SCMP | Hong Kong, Cryptocurrencies, Scams, Crime, Cybersecurity](https://forkast.news/wp-content/uploads/2023/03/featured-image-4-1260x840.jpg)
Hong Kong’s crypto scam losses in 2022 more than double from 2021: SCMP
Crypto scams accounted for over half of Hong Kong’s losses from computer-related crimes in 2022.
![China’s WeChat social media giant integrates digital yuan into payment platform 19 Logos of WeChat and Digital Yuan | China’s Wechat social media giant integrates digital yuan into payment platform | Digital Yuan, Tencent, WeChat Pay, CBDC - Central Bank Digital Currency, China](https://forkast.news/wp-content/uploads/2023/03/featured-image-3-1260x709.jpg)
China’s WeChat social media giant integrates digital yuan into payment platform
WeChat, China’s leading social networking and payment app, has integrated the digital yuan into its payment network, which may help adoption of the CBDC.
![South Korea reports US$4.3 billion in illegal foreign transactions involving cryptocurrencies 20 Close up picture of South Korean won, shallow depth of field. | South Korea reports US$4.3 billion in illegal foreign transactions involving cryptocurrencies](https://forkast.news/wp-content/uploads/2023/03/close-up-picture-of-south-korean-won-2021-08-26-22-41-44-utc-1260x840.jpg)
South Korea reports US$4.3 billion in illegal foreign transactions involving cryptocurrencies
The Korea Customs Service has identified US$4.3 billion worth of illegal foreign currency transactions last year involving cryptocurrencies.
![Bitcoin, Ether little-changed in downtrend day; Forkast NFT 500 index dips 21 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](https://forkast.news/wp-content/uploads/2023/03/golden-bitcoin-cryptocurrency-2021-08-26-18-32-29-utc-1-1260x840.jpg)
Bitcoin, Ether little-changed in downtrend day; Forkast NFT 500 index dips
Bitcoin and Ether traded mostly flat in a downtrend move for most of the top 10 cryptocurrencies in Tuesday morning in Asia. The new Forkast NFT 500 index slipped.
![The digital economy needs a better BS detector — so we are building it through data transparency 22 Forkast Labs](https://forkast.news/wp-content/uploads/2023/03/Forkast-Labs-1260x709.jpg)
The digital economy needs a better BS detector — so we are building it through data transparency
Blockchain data is public for all to see. The irony is that few know what to look for, and why. A new set of indexes by Forkast Labs filters out the noise and offers data intelligence and clarity.
![Kraken to launch U.S. crypto bank amid regulatory headwinds 23 Kraken exchange logo on a smartphone screen](https://forkast.news/wp-content/uploads/2022/07/Kraken4-1260x670.png)
Kraken to launch U.S. crypto bank amid regulatory headwinds
U.S.-based cryptocurrency exchange Kraken is working on establishing its own bank, despite the recent regulatory headwinds
![Singapore police begin probe linked to Do Kwon’s Terraform Labs: Bloomberg 24 Singapore city](https://forkast.news/wp-content/uploads/2023/03/do-kwon-1260x840.jpg)
Singapore police begin probe linked to Do Kwon’s Terraform Labs: Bloomberg
Singapore’s police have begun investigations linked to Terraform Labs that was co-founded by fugitive Do Kwon, according to a Bloomberg report.
![Bitcoin ATM firm accused of profiting from crypto scams via unlicensed machines: U.S. Secret Service 25 Bitcoin ATM firm accused of profiting from crypto scams via unlicensed machines: U.S. Secret Service](https://forkast.news/wp-content/uploads/2023/03/BTCATM_Scam-1260x709.png)
Bitcoin ATM firm accused of profiting from crypto scams via unlicensed machines: U.S. Secret Service
A crypto tech firm and three of its executives have been indicted for allegedly operating unlicensed Bitcoin ATMs in the U.S. that profited from scams.
![Bitcoin gains, all other top 10 cryptos in the red amid Silvergate fallout 26 Gold bitcoin physical coins on paper currency](https://forkast.news/wp-content/uploads/2023/03/bitcoin-1-1260x840.jpg)
Bitcoin gains, all other top 10 cryptos in the red amid Silvergate fallout
Bitcoin gained in Monday afternoon trade in Asia while all other top 10 non-stablecoin cryptocurrencies by market capitalization posted losses.
![What Web3 must do if it wants to attract 1 billion users 27 Forkast Opinion Images 4](https://forkast.news/wp-content/uploads/2023/02/Forkast-Opinion-Images-4-1260x710.png)
What Web3 must do if it wants to attract 1 billion users
Web3 is growing more rapidly than the early internet, writes Ken Timsit of Cronos Labs. But to achieve mainstream success, the following issues must be addressed.
![Binance documents show ties to U.S. unit unknown to regulators, WSJ reports 28 Binance chief changpeng zhao in dark room wearing yellow binance hoodie | Binance documents show ties to U.S. unit unknown to regulators, WSJ reports | cz binance binance.us](https://forkast.news/wp-content/uploads/2023/03/changpeng-zhao-1260x730.png)
Binance documents show ties to U.S. unit unknown to regulators, WSJ reports
Binance, the world’s largest cryptocurrency exchange, reportedly didn’t disclose the extent of its ties and control over Binance.US, WSJ reported.
![Bybit suspends U.S. dollar bank transfers, possible link to Silvergate shuttering crypto banking network 29 Bybit exchange logo | Bybit suspends U.S. dollar bank transfers, may be linked to Silvergate shuttering crypto banking network | silvergate, bybit usd transfer](https://forkast.news/wp-content/uploads/2023/03/Untitled-design-17-1260x709.jpg)
Bybit suspends U.S. dollar bank transfers, possible link to Silvergate shuttering crypto banking network
Bybit suspended U.S. dollar deposits and withdrawals via wire and bank transfers due to “service outages from a partner.”
![Bitcoin treads water below US$22,500, Ether dips with other top 10 cryptocurrencies 30 Scattered cryptocurrencies | Bitcoin treads water below US$22,500, Ether dips with other top 10 cryptocurrencies | Markets, BTC -Bitcoin, ETH - Ethereum, Silver Gate, Inflation](https://forkast.news/wp-content/uploads/2023/03/set-of-cryptocurrencies-2021-08-26-17-52-35-utc-1260x840.jpg)
Bitcoin treads water below US$22,500, Ether dips with other top 10 cryptocurrencies
Bitcoin and other top 10 cryptocurrencies fell on Monday morning amid concern about the troubled crypto bank Silvergate.
![Momoguro NFTs sell out in 9 hours, generates US$7.6 mln of sales 31 Momoguro characters featured under the "sold out" sign](https://forkast.news/wp-content/uploads/2023/03/Momoguro-1260x708.jpeg)
Momoguro NFTs sell out in 9 hours, generates US$7.6 mln of sales
Momoguro: Holoself, an Ethereum-native non-fungible token (NFT) collection launched by Emmy-winning animation studio, Baobab Studios, generated over 12,000 sales worth US$7.6 million on the first day of its launch, according to NFT data aggregator CryptoSlam. See related article: Weekly NFT sales drop, unique buyers surge amid Coinbase’s new NFT airdrop Fast facts See related article: […]
![Weekly Market Wrap: Bulls fight to keep Bitcoin above US$22,300, as industry experts predict ‘crab walk’ 32 Bitcoin in front of graphs. | Silvergate reports US$1 billion loss, attributes to “crisis of confidence” in crypto sector.](https://forkast.news/wp-content/uploads/2023/01/Bitcoin3-1260x840.jpg)
Weekly Market Wrap: Bulls fight to keep Bitcoin above US$22,300, as industry experts predict ‘crab walk’
With 69% of Bitcoin supply in profit, BTC is struggling to stay above the US$22,300 support level. A daily close below US$22,300 could see Bitcoin retest the US$21,450 support level. Industry experts share their end-of-March Bitcoin price predictions with Forkast.
![Ethereum core developers delay Shanghai hard fork to early April 33 Ethereum core developers delay Shanghai hard fork to early April](https://forkast.news/wp-content/uploads/2023/03/Shanghai_Upgrade-1260x710.png)
Ethereum core developers delay Shanghai hard fork to early April
The expected launch of the Shanghai hard fork has been delayed from late March to the first two weeks of April, according to Ethereum developers on Thursday.
![Bitcoin, Ether fall; Litecoin is biggest loser of day 34 Dogecoin, litecoin, etheteum and bitcoin, Markets: Dogecoin reenters top 10 tokens by market cap, Bitcoin and Ethereum up](https://forkast.news/wp-content/uploads/2022/09/dogecoin-litecoin-etheteum-and-bitcoin-2021-08-26-16-24-28-utc-1260x709.jpg)
Bitcoin, Ether fall; Litecoin is biggest loser of day
Bitcoin and Ether fell by the end of Asian trading hours on Friday afternoon, together with all other top 10 non-stablecoin cryptocurrencies by market capitalization, weighed by the financial woes of crypto-focused bank Silvergate.
![Weekly NFT sales drop, unique buyers surge amid Coinbase's new NFT airdrop 35 cryptoslam data](https://forkast.news/wp-content/uploads/2023/03/cryptoslam.jpg)
Weekly NFT sales drop, unique buyers surge amid Coinbase’s new NFT airdrop
The number of unique buyers rose to an all-time high this week after crypto exchange Coinbase dropped free NFTs to celebrate the launch of its new Layer 2 network Base.
![Where is China’s digital economy heading? The ‘Two Sessions’ may give some pointers 36 China's leadership held annual Two Sessions political meetings at the Great Hall of the People in March 2022 in Beijing. Image: Getty Images](https://forkast.news/wp-content/uploads/2023/03/GettyImages-1379833982.jpg)
Where is China’s digital economy heading? The ‘Two Sessions’ may give some pointers
Look for blockchain, self-reliance in technology discussions in China’s biggest political meetings of the year as China’s President Xi Jinping’s aims to build a digital economy.
![Circle joins Crypto.com, Coinbase in cutting ties with embattled crypto bank Silvergate 37 silvergate logo, circle usdc logo | Circle joins Crypto.com, Coinbase in cutting ties with embattled crypto bank Silvergate](https://forkast.news/wp-content/uploads/2023/03/Untitled-design-3-1260x709.png)
Circle joins Crypto.com, Coinbase in cutting ties with embattled crypto bank Silvergate
USDC issuer Circle said Friday that it is withdrawing from “certain services that involve” California-based cryptocurrency bank Silvergate.
![Why DAO governance is riddled with problems and voting is a farce 38 vote checkbox](https://forkast.news/wp-content/uploads/2023/02/Forkast-Opinion-Images-15-1260x710.png)
Why DAO governance is riddled with problems and voting is a farce
DAOs are supposed to be democratic, egalitarian and inclusive, but those ideals are far from the current reality, writes Awa Sun Yin of Namada.
![Bitcoin falls below US$23,000, Ether slides in crypto price slump across the board 39 Bitcoin on red | Bitcoin falls below US$23,000, Ether slides in crypto price slump across the board | Markets, BTC - Bitcoin, ETH - Ethereum, Silver Gate](https://forkast.news/wp-content/uploads/2023/03/bitcoins-2022-03-04-06-08-29-utc-2-1260x840.jpg)
Bitcoin falls below US$23,000, Ether slides in crypto price slump across the board
Bitcoin and Ether prices slumped in Friday morning trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies.
![Australia’s central bank identifies CBDC use cases as it prepares pilot launch 40 Australian dollars and nano wallet on the desk](https://forkast.news/wp-content/uploads/2023/03/australian-dollars-and-nano-wallet-on-the-desk-2021-08-29-14-44-43-utc-1260x709.jpg)
Australia’s central bank identifies CBDC use cases as it prepares pilot launch
Australia has outlined potential use cases and providers for a central bank digital currency (CBDC), with a pilot program to be launched in the coming months.
![Japanese banks to launch, test stablecoins on ‘Japan Open Chain’ 41 JapanOpenChain](https://forkast.news/wp-content/uploads/2023/03/JapanOpenChain.jpg)
Japanese banks to launch, test stablecoins on ‘Japan Open Chain’
Three major banks in Japan will issue stablecoins on an Ethereum-compatible blockchain created by the blockchain-related tools developer G.U. Technologies.
![Bitcoin, Ether fall along with most top 10 cryptos amid potential for larger interest rate hikes 42 https://forkast.news/bitcoin-punks-exceed-1145-eth-daily-trading-volume-bitcoin-ordinals-gain-traction/](https://forkast.news/wp-content/uploads/2023/01/ripple6-1260x840.jpg)
Bitcoin, Ether fall along with most top 10 cryptos amid potential for larger interest rate hikes
Bitcoin and Ether fell during Asian trading hours on Thursday, along with all top 10 non-stablecoin cryptocurrencies by market capitalization.
![China’s digital yuan initiative gets cold reception from Hong Kong visitors 43 Hong Kong Victoria Harbour | China’s digital yuan initiative gets cold reception from Hong Kong visitors | China, Hong Kong, Digital Yuan, CBDC - Central Bank Digital Currencies](https://forkast.news/wp-content/uploads/2023/03/hong-kong-skyline-2022-12-15-20-32-01-utc-1260x840.jpg)
China’s digital yuan initiative gets cold reception from Hong Kong visitors
China is promoting digital yuan to Hong Kong visitors, but has not received much enthusiasm so far.
![South Korea financial regulator to clamp down on voice phishing involving cryptocurrencies 44 female hands holding phone with incoming call from unknown caller | South Korea financial regulator to clamp down on voice phishing involving cryptocurrencies | south korea phishing crypto scam](https://forkast.news/wp-content/uploads/2023/03/female-hands-holding-phone-with-incoming-call-from-2022-11-09-23-11-35-utc-1260x840.jpg)
South Korea financial regulator to clamp down on voice phishing involving cryptocurrencies
South Korea will expand the existing law on voice phishing to include crypto related phone scams.
![What policymakers need to know about the metaverse to make the real world a better place 45 word policy in a dictionary; girl with VR glasses in metaverse](https://forkast.news/wp-content/uploads/2023/02/Forkast-Opinion-Images-11-1260x710.png)
What policymakers need to know about the metaverse to make the real world a better place
The metaverse has the potential to make the real world more just and inclusive, writes Sébastien Borget of The Sandbox. Here are the key ingredients for its future success.
![Bitcoin, Ether rise; Polygon leads rebound in top 10 non-stablecoin cryptocurrencies 46 Bitcoin, Ether rise](https://forkast.news/wp-content/uploads/2023/03/featured-image-1-1260x709.png)
Bitcoin, Ether rise; Polygon leads rebound in top 10 non-stablecoin cryptocurrencies
Bitcoin and Ether rose in Thursday morning trading in Asia, along with all top 10 non-stablecoin cryptocurrencies. Polygon led the gains.
![Singapore’s DDEx eyes security token offerings, mulls adding more cryptocurrencies 47 Lionel Lim DDEx2](https://forkast.news/wp-content/uploads/2023/03/Lionel-Lim-DDEx2-1260x1426.jpg)
Singapore’s DDEx eyes security token offerings, mulls adding more cryptocurrencies
DBS bank’s digital exchange, which serves institutional clients, said macroeconomic conditions last year were not suitable for security token offerings (STO), but it will explore opportunities for such listings in 2023 and plans to add more crypto tokens.
![Bitcoin Punks exceed 1,145 ETH in daily trading volume as Bitcoin Ordinals gain traction 48 A screenshot of Bitcoin Punks, on the Ordinals.Market NFT marketplace](https://forkast.news/wp-content/uploads/2023/03/Bitcoin-Punks-ScreenCap-1260x708.png)
Bitcoin Punks exceed 1,145 ETH in daily trading volume as Bitcoin Ordinals gain traction
Less than two months since the launch of the Ordinals protocol, Bitcoin Ordinals are gaining traction. Yuga Labs announced its first Bitcoin-native NFT collection, on the same day Bitcoin Punks saw over 1,145 ETH in trading volume. Industry commentators told Forkast what this could be for the Bitcoin network.
![Creation of U.S. digital dollar would ‘crowd out’ crypto: ex-Biden adviser 49 CBDC Central Bank Digital Currency touchscreen animation, Creation of U.S. digital dollar would ‘crowd out’ crypto: ex-Biden advisor](https://forkast.news/wp-content/uploads/2023/03/Screenshot-2023-03-01-130736-1260x709.jpg)
Creation of U.S. digital dollar would ‘crowd out’ crypto: ex-Biden adviser
A U.S. central bank digital currency would “crowd out” the cryptocurrency ecosystem and protect national security, according to an ex-top presidential adviser.
![Blur NFT wash trading soars, fueling market distortions 50 Blur NFT wash trading soars, fueling market distortions](https://forkast.news/wp-content/uploads/2023/03/Blur-OpenSea-Hong-Kong-1260x710.png)
Blur NFT wash trading soars, fueling market distortions
Top blockchain and crypto news: Blur wash trading explodes. Coinbase extends developer foray with Base test. Hong Kong crypto embrace gets Beijing’s nod.
![Visa not slowing down with crypto plans, says its crypto chief 51 Golden coin with bitcoin symbol and Visa card, Visa not slowing down with crypto plans](https://forkast.news/wp-content/uploads/2023/03/golden-coin-with-bitcoin-symbol-and-visa-card-2022-02-02-05-45-46-utc-1260x709.jpg)
Visa not slowing down with crypto plans, says its crypto chief
American payments giant Visa is not slowing down its cryptocurrency plans despite last year’s bear market, according to the firm’s crypto head Cuy Sheffield.
![Bitcoin, Ether rise along with most top 10 cryptos, amid ‘bull trap’ warning 52 bitcoin](https://forkast.news/wp-content/uploads/2023/03/bitcoin-1260x840.jpg)
Bitcoin, Ether rise along with most top 10 cryptos, amid ‘bull trap’ warning
Bitcoin and Ether gained in Wednesday afternoon trading in Asia, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization. Asian equities mostly rose on Wednesday as investors digested economic recovery indications as Hong Kong ended its mask mandate.
![Former executive Nishad Singh pleads guilty to criminal charges in FTX collapse 53 FTX logo](https://forkast.news/wp-content/uploads/2023/03/GettyImages-1440504626.jpg)
Former executive Nishad Singh pleads guilty to criminal charges in FTX collapse
Nishad Singh, former engineering chief of bankrupt cryptocurrency exchange FTX, pleaded guilty to fraud and several other criminal charges at a hearing on Tuesday related to the collapse of the company, Bloomberg reported.
![Bitcoin, Ether fall; Polkadot leads losers among top ten tokens 54 Bitcoin on a chart | Markets: Bitcoin, Ether fall; Polkadot leads the losers among top ten cryptocurrencies | Markets, BTC - Bitcoin, ETH - Ethereum, LTC - Litecoin, inflation](https://forkast.news/wp-content/uploads/2023/03/bitcoin-physical-bit-coin-digital-currency-cryp-2021-08-26-17-12-33-utc-1-1260x811.jpg)
Bitcoin, Ether fall; Polkadot leads losers among top ten tokens
Bitcoin fell in Wednesday morning trading in Asia, although held above the US$23,000 lower resistance line. Polkadot led the losers, while Litecoin rose.
![Liquid staking TVL surpasses lending, becomes the second-largest among DeFi services 55 Ethereum coin with stock graph background](https://forkast.news/wp-content/uploads/2023/03/ethereum-coin-with-stock-graph-background-digital-2022-12-16-03-08-25-utc-1260x945.jpg)
Liquid staking TVL surpasses lending, becomes the second-largest among DeFi services
The total value of crypto assets deposited in liquid staking protocols rose to US$14 billion, surpassing lending services before Ethereum’s Shanghai update.
![Bitcoin’s price gains this year bring needed relief to cash-strapped crypto mining industry 56 Bitcoin mining. | Bitcoin’s price gains this year bring needed relief to cash-strapped crypto mining industry](https://forkast.news/wp-content/uploads/2023/02/bitcoinmining4-1260x840.jpg)
Bitcoin’s price gains this year bring needed relief to cash-strapped crypto mining industry
Officials at Bitcoin mining companies say the rebound in prices so far this year for the world’s biggest cryptocurrency has thrown a lifeline to the industry after some miners sought protection from creditors last year amid the slump in the token’s price.
![Yuga Labs to launch its first Bitcoin-based NFTs TwelveFold 57 A bored ape smoking a cigar](https://forkast.news/wp-content/uploads/2022/03/BAYC-1260x709.jpg)
Yuga Labs to launch its first Bitcoin-based NFTs TwelveFold
Yuga Labs announced that it will launch TwelveFold later this week, its first NFT collection on the Bitcoin network.
![Bitcoin, Ether prices fall; Solana biggest loser in top 10 cryptos 58 Bitcoin with euro bills](https://forkast.news/wp-content/uploads/2023/02/bitcoin-18-1260x840.jpg)
Bitcoin, Ether prices fall; Solana biggest loser in top 10 cryptos
Bitcoin and Ether fell in Tuesday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization, despite U.S. equities rising on Monday after last week’s selloff. Asian stock markets mostly rose on Tuesday as investors absorbed key economic indicators across the region.
![Huawei forms Web3 alliance with Polygon, Morpheus Labs, others 59 Huawei logo on a blockchain concept picture | Huawei forms Web3 alliance with Polygon, Morpheus Labs, others | Huawei, China, Web 3.0. Metaverse](https://forkast.news/wp-content/uploads/2023/02/featured-image-15-1260x840.jpg)
Huawei forms Web3 alliance with Polygon, Morpheus Labs, others
Chinese smartphone maker Huawei partnered with multiple overseas Web3 firms, as part of the company’s blockchain and metaverse venture.
![Coinbase exchange to delist Binance USD, says stablecoin ‘no longer met our listing standards’ 60 coinbase and busd logo | Coinbase exchange delists Binance USD, says stablecoin ‘no longer met our listing standards’ | paxos, binance, busd, coinbase, brian armstrong](https://forkast.news/wp-content/uploads/2023/02/Untitled-design-2-1260x709.png)
Coinbase exchange to delist Binance USD, says stablecoin ‘no longer met our listing standards’
Coinbase, the world’s second largest cryptocurrency exchange, said Monday it is suspending trade in the Binance USD (BUSD) as of March 13.
![BitFlyer founder eyes CEO comeback, share sale amid boardroom conflicts: Bloomberg 61 bitflyer logo and co-founder yuzo kano | BitFlyer founder eyes CEO comeback, share sale amid boardroom conflicts: Bloomberg | japan crypto, yuzo kano, bitflyer](https://forkast.news/wp-content/uploads/2023/02/Untitled-design-1-1260x709.png)
BitFlyer founder eyes CEO comeback, share sale amid boardroom conflicts: Bloomberg
Yuzo Kano, co-founder of Japan’s largest cryptocurrency exchange bitFlyer Inc., said he plans to return as CEO, sell shares to public.
![Robinhood says it's cooperating with SEC following subpoena over cryptocurrency services 62 Robinhood says its cooperating with SEC following subpoena over cryptocurrency services.](https://forkast.news/wp-content/uploads/2023/02/robinhood4-1260x687.png)
Robinhood says it’s cooperating with SEC following subpoena over cryptocurrency services
Robinhood says it’s cooperating with an SEC investigation into the company’s trading and handling of cryptocurrencies.
![Markets: Bitcoin, Ether little changed; Polygon’s Matic token leads losers in top ten crypto 63 Bitcoin in front of a chart | Markets: Bitcoin, Ether little changed; Polygon’s Matic token leads losers in top ten crypto | Markets, BTC - Bitcoin, ETH - Ethereum, MATIC - Polygon, inflation](https://forkast.news/wp-content/uploads/2023/02/bitcoin-and-chart-2022-03-14-15-49-59-utc-1260x840.jpg)
Markets: Bitcoin, Ether little changed; Polygon’s Matic token leads losers in top ten crypto
Bitcoin and Ether traded little-changed on Tuesday morning in Asia, while most top 10 non-stablecoin cryptocurrencies fell, with Polygon leading the losers
![Why the Hermès verdict was a big win for major brands and phygital commerce 64 Hermes and NFT](https://forkast.news/wp-content/uploads/2023/02/Forkast-Opinion-Images-12-1260x710.png)
Why the Hermès verdict was a big win for major brands and phygital commerce
The Metabirkins case makes clear that NFT trademarks belong to the original creator, bolstering future profit-making opportunities for fashion houses as well as other companies, writes Justin Banon of Boson Protocol.
![Japanese tech, finance firms sign pact to build metaverse economic zone 65 Japanese landscape of Chureito red Pagoda and Mt. Fuji at Japan](https://forkast.news/wp-content/uploads/2023/02/Japan-1260x708.jpg)
Japanese tech, finance firms sign pact to build metaverse economic zone
About 10 Japanese companies, including Fujitsu, Mitsubishi and Sumitomo Mitsui, have agreed to advance Japan’s metaverse plans with the establishment of the “Japan Metaverse Economic Zone”.
![Markets: Bitcoin, Ether gain; Polygon, XRP biggest losers 66 bitcoin coins stacked on black gold background](https://forkast.news/wp-content/uploads/2023/02/bitcoin-15-1260x840.jpg)
Markets: Bitcoin, Ether gain; Polygon, XRP biggest losers
Bitcoin and Ethereum rose in Monday afternoon trade in Asia along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization. Asian markets dropped on Monday, following last Friday’s Wall Street selloff, as investors brace for more interest rate hikes in the U.S. due to persistently high inflation.
![Janet Yellen urges strong regulatory framework for crypto as India leads G20 push for regulation 67 India G20](https://forkast.news/wp-content/uploads/2023/02/FM2-1260x840.jpg)
Janet Yellen urges strong regulatory framework for crypto as India leads G20 push for regulation
U.S. Treasury Secretary Janet Yellen told Reuters after the G20 meeting in India on Saturday that while the U.S. has not indicated any outright bans, it is critical to put in place a strong regulatory framework for the cryptocurrency industry.
![Crypto is experiencing growing pains. What's coming next? 68 a graph of crypto values](https://forkast.news/wp-content/uploads/2023/02/Forkast-Opinion-Images-9-1260x710.png)
Crypto is experiencing growing pains. What’s coming next?
Now a teenager, crypto is wrestling with its identity and purpose. But it’s learning from its mistakes and on its way to maturity, writes Zach Bronstein of Endaoment.
![South Korea’s Lotte Group partners with Polygon for global NFT drive 69 BellyGom character wearing astronaut suit, Polygon network graphic | South Korea’s Lotte Group conglomerate partners with Polygon for global NFT expansion | lotte group nft, bellygom nft, polygon network](https://forkast.news/wp-content/uploads/2023/02/Untitled-design-1260x709.png)
South Korea’s Lotte Group partners with Polygon for global NFT drive
Lotte Group plans to expand its non-fungible token (NFT) business onto the global market through a partnership with the Polygon blockchain.
![Bitcoin, Ether gain, shrug off fall in U.S. equity markets; Solana bounces back 70 Stacked Bitcoins | Bitcoin, Ether gain, shrug off fall in U.S. equity markets; Solana bounces back | Markets, BTC - Bitcoin, ETH - Ethereum, SOL - Solana, Inflation](https://forkast.news/wp-content/uploads/2023/02/stack-of-bitcoin-btc-cryptocurrency-coins-on-gold-2023-02-22-00-08-13-utc-1260x1260.jpg)
Bitcoin, Ether gain, shrug off fall in U.S. equity markets; Solana bounces back
The top 10 non-stablecoin cryptocurrencies rose on Monday morning in Asia, despite the declines in equities on Wall Street on Friday.
![At least US$577 million of Blur-linked NFT sales are wash trades, CryptoSlam says 71 Blur logo](https://forkast.news/wp-content/uploads/2023/02/Blur-1260x626.jpg)
At least US$577 million of Blur-linked NFT sales are wash trades, CryptoSlam says
NFT data aggregator Cryptoslam has flagged more than half a billion dollars worth of NFT wash trades related to Blur since the marketplace’s Valentines airdrops started
![Weekly Market Wrap: Bitcoin lingers at US$24,000 level after Wall Street’s worst day in 2023 so far 72 Golden Bitcoin and crypto tokens in a small shopping cart, in front of a laptop with a Bitcoin chart.](https://forkast.news/wp-content/uploads/2022/11/bitcoin-1260x840.jpg)
Weekly Market Wrap: Bitcoin lingers at US$24,000 level after Wall Street’s worst day in 2023 so far
Bitcoin remained resilient around the US$24,000 level on Tuesday despite Wall Street’s worst day of the year so far. Industry experts are eyeing a potential retest of the US$25,000 psychological level, as a failure to reclaim it may result in a downtrend to around US$21,500.