Forkast.News is now Forkast Labs
Forkast Labs

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 exchange logo on a smartphone screen

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 city

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

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.
Gold bitcoin physical coins on paper currency

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.
and
Forkast Opinion Images 4

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 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

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 exchange logo | Bybit suspends U.S. dollar bank transfers, may be linked to Silvergate shuttering crypto banking network | silvergate, bybit usd transfer

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.”
Scattered cryptocurrencies | Bitcoin treads water below US$22,500, Ether dips with other top 10 cryptocurrencies | Markets, BTC -Bitcoin, ETH - Ethereum, Silver Gate, Inflation

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 characters featured under the "sold out" sign

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: […]
Bitcoin in front of graphs. | Silvergate reports US$1 billion loss, attributes to “crisis of confidence” in crypto sector.

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

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.
Dogecoin, litecoin, etheteum and bitcoin, Markets: Dogecoin reenters top 10 tokens by market cap, Bitcoin and Ethereum up

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.
cryptoslam data

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.
China's leadership held annual Two Sessions political meetings at the Great Hall of the People in March 2022 in Beijing. Image: Getty Images

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.
and
silvergate logo, circle usdc logo | Circle joins Crypto.com, Coinbase in cutting ties with embattled crypto bank Silvergate

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.
vote checkbox

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 on red | Bitcoin falls below US$23,000, Ether slides in crypto price slump across the board | Markets, BTC - Bitcoin, ETH - Ethereum, Silver Gate

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.
Australian dollars and nano wallet on the desk

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.
JapanOpenChain

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.
https://forkast.news/bitcoin-punks-exceed-1145-eth-daily-trading-volume-bitcoin-ordinals-gain-traction/

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.
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

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.
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

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.
word policy in a dictionary; girl with VR glasses in metaverse

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

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.
Lionel Lim DDEx2

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.
A screenshot of Bitcoin Punks, on the Ordinals.Market NFT marketplace

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.
CBDC Central Bank Digital Currency touchscreen animation, Creation of U.S. digital dollar would ‘crowd out’ crypto: ex-Biden advisor

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

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.
Golden coin with bitcoin symbol and Visa card, Visa not slowing down with crypto plans

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

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.
and
FTX logo

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 on a chart | Markets: Bitcoin, Ether fall; Polkadot leads the losers among top ten cryptocurrencies | Markets, BTC - Bitcoin, ETH - Ethereum, LTC - Litecoin, inflation

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.
Ethereum coin with stock graph background

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 mining. | Bitcoin’s price gains this year bring needed relief to cash-strapped crypto mining industry

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.
A bored ape smoking a cigar

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 with euro bills

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.  
and
Huawei logo on a blockchain concept picture | Huawei forms Web3 alliance with Polygon, Morpheus Labs, others | Huawei, China, Web 3.0. Metaverse

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 and busd logo | Coinbase exchange delists Binance USD, says stablecoin ‘no longer met our listing standards’ | paxos, binance, busd, coinbase, brian armstrong

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 logo and co-founder yuzo kano | BitFlyer founder eyes CEO comeback, share sale amid boardroom conflicts: Bloomberg | japan crypto, yuzo kano, bitflyer

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 its cooperating with SEC following subpoena over cryptocurrency services.

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.
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

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
and
Hermes and NFT

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 landscape of Chureito red Pagoda and Mt. Fuji at Japan

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”.
bitcoin coins stacked on black gold background

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. 
India G20

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. 
a graph of crypto values

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.
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

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.
Stacked Bitcoins | Bitcoin, Ether gain, shrug off fall in U.S. equity markets; Solana bounces back | Markets, BTC - Bitcoin, ETH - Ethereum, SOL - Solana, Inflation

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.
and
Blur logo

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
Golden Bitcoin and crypto tokens in a small shopping cart, in front of a laptop with a Bitcoin chart.

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.
Editorial:Non-Fungible token letters, nft‘s are a blockchain market for art and collectibles

Bankrupt crypto lender 3AC’s liquidators set to dump millions worth of seized NFTs

Teneo, the liquidator of the bankrupt crypto lender Three Arrows Capital plans to sell non-fungible tokens estimated to be worth millions of dollars.
WASHINGTON, DC - DECEMBER 08: CEO of FTX Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee at Rayburn House Office Building on Capitol Hill December 8, 2021 in Washington, DC. The committee held a hearing on "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States." (Photo by Alex Wong/Getty Images)

FTX founder Sam Bankman-Fried hit with four more criminal charges

The founder of bankrupt cryptocurrency firm FTX.com Sam Bankman-Fried (SBF) has received another four criminal charges in a superseding indictment on Thursday.
Ethereum and Bitcoin gold tokens

Markets: Bitcoin, Ether fall along with all top 10 cryptos as investors await consumption index

Bitcoin and Ether fell during Asian trading hours on Friday, along with all the top 10 non-stablecoin cryptocurrencies by market capitalization. Most Asian equities were down, despite Wall Street’s overnight performance.
Blur

Weekly NFT sales surge amid marketplace Blur’s new round of token airdrop

NFT sales more than doubled this week, with NFT marketplace Blur remaining the talk of the town.
IMF releases crypto action plan, advises against legal tender status

IMF releases crypto action plan, advises against legal tender status

World governments should not grant cryptocurrency legal tender status, the International Monetary Fund’s (IMF) executive board said in its new nine-point action plan on how countries should approach crypto assets published Thursday. See related article: India working with IMF, FSB on crypto regulations, says economic affairs secretary Fast facts See related article: India’s finance minister […]
business women making steps; crypto rate upsloping

Why crypto offers great career opportunities for talented women

The blockchain sector’s gender divide is narrowing. Its newness and founding ideals also allow for more flexible workplaces, writes Anastasia Kor of Choise.com.
bitcoin and us dollars, man submitting resignation letter | Markets: Bitcoin down, Ether up, US equities rise as unemployment benefit claims slide | bitcoin news ether price crypto today

Markets: Bitcoin down, Ether up; US equities rise as unemployment benefit claims slide

Bitcoin was down and Ether was up on Friday morning in Asia, while most top 10 non-stablecoin cryptocurrencies by market capitalization fell.
and
Screenshot of Creepz by Overlord NFT collection, from OpenSea homepage

Creepz NFT sales surge 239% following Spotify partnership news

The sales volume of Creepz by Overlord surged by 239% in the 24 hours to 11:00 p.m. on Thursday in Hong Kong, after its creator announced a partnership with music streaming giant Spotify.
SEC and cryptocurrencies | SEC may make it harder for hedge funds to work with crypto firms: Bloomberg | crypto news, hedge fund, paxos, coinbase, U.S. SEC

SEC accused of ‘back door’ labeling of crypto as securities in Coinbase insider trading case

A U.S.-based blockchain advocacy group has urged a federal court to dismiss SEC charges against an ex-Coinbase employee accused of insider trading.  
coins Bitcoin, against the background of Canada flag, concept of

Canada gives crypto companies 30 days to meet updated registration guidelines

Cryptocurrency companies in Canada have 30 days to meet updated crypto registration guidelines released on Wednesday or risk losing their users.
Tseng Ming-Chung, a Taiwanese legislator and former chair of former chair of Financial Supervisory Commission. Image: Forkast

Taiwan must mandate a central authority to oversee crypto by May 16, says lawmaker

A Taiwanese lawmaker has reiterated that the cabinet will have to mandate an acting central authority to shape regulatory frameworks and development roadmap for the cryptocurrency industry by May 16, a move that would push Taiwan closer to adequate crypto regulation.
Ant Group logo on a mini basket ball field | NBA to partner Chinese fintech giant Ant Group to launch NFTs in China | sports, Ant Group, Alipay, NFT - Non-Fungible Token, China

NBA partners Chinese fintech giant Ant Group to launch NFTs in China

NBA will partner Ant Group – Chinese tech giant Alibaba’s fintech affiliate – to issue NBA-themed NFTs and create content on Alipay.
A man's hand holds an etherium coin at a computer table, Markets: Etherium Merge complete, ETH and linked tokens lift market

Markets: Bitcoin, Ether rise along with top 10 cryptos despite Fed signals to raise interest rates

Bitcoin and Ether rose during Asian trading hours on Thursday, along with all top 10 non-stablecoin cryptocurrencies by market capitalization. Asian equities were down
Timothy Massad (right), former Commodity Futures Trading Commission chairman, spoke Thursday at the Taiwan Fintech Association conference in Taipei.

SEC has to clarify what’s permissible for staking, former CFTC chair says

It remains unclear whether the U.S. SEC’s enforcement action against cryptocurrency exchange Kraken represents a broader crackdown on staking, according to Timothy Massad, former Commodity Futures Trading Commission chairman.
Hong Kong flag waving in front of a skyscraper

Gate Group set to enter Hong Kong

Gate Group announced on Wednesday that it is applying for a new cryptocurrency license in Hong Kong, joining a growing list of Web3 firms entering the city.
LeBron James. | Judge denies Dapper Labs request to dismiss NBA Top Shot security lawsuit.

Judge denies Dapper Labs request to dismiss NBA Top Shot security lawsuit

A US district court judge on Wednesday denied Dapper Labs’ request to dismiss a lawsuit that alleges that the NBA Top Shots NFT collection is an unregistered security. 
trading materials with Bitcoin, laptop, cash, and calculator; crossed-chain in front

Crypto exchanges face an existential challenge. What can bring users back?

Amid the rubble of FTX and other centralized exchanges, cross-chain technology and on-chain trading offer more trustworthy alternatives, writes Simon Harman of Chainflip.
Stacked Bitcoins | Bitcoin back above US$24,000, Fed releases February minutes | Markets, BTC - Bitcoin, ETH - Ethereum

Bitcoin back above US$24,000, Fed releases February minutes

Bitcoin fell in a mixed morning for the top 10 non-stablecoin cryptocurrencies, with XRP posting the biggest gains in the list and Solana leading losses.
and
Hong Kong flag with Bitcoin at the corner | Hong Kong’s new crypto regulation may lure Web3 firms back, experts say | Hong Kong, Web 3.0, Regulation & Law, virtual asset service providers (VASP), SFC - Securities and Futures Commission

Hong Kong’s new crypto regulation may lure Web3 firms back, experts say

Hong Kong’s proposed crypto licensing regime received Huobi Global’s pledge to return to the city, and more companies may follow, industry experts told Forkast.
Binance logo with stacked golen coins in the background

Binance, Ingenico begin crypto payments in France

Binance, the world’s largest cryptocurrency exchange, has partnered France-based global payments giant Ingenico to offer in-store crypto payments in France using Binance Pay.
{"uid":"1620FB4D-16C6-4568-8A77-D255CA0CC4F3_1627303342100","source":"other","origin":"gallery"}

Crypto scammers seize on AI frenzy as fraudulent ChatGPT tokens flood markets

Crypto scammers are deploying fraudulent tokens that appear affiliated with the popular AI chatbot ChatGPT, taking advantage of the tech’s investment hype.

Delivered weekly on Thursdays

The Current Forkast

An unmissable weekly round up of the biggest stories in emerging tech from an Asian perspective, featuring commentary from Forkast Editor-in-Chief Angie Lau. Check out recent editions.