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![India’s CoinDCX exchange says crypto tax rules are reducing government revenue 1 Sumit Gupta](https://forkast.news/wp-content/uploads/2023/01/gupta2.jpg)
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.
![Binance says Signature Bank no longer supports crypto exchange transactions of under US$100,000 2 Signature Bank. Binance says Signature Bank no longer supports crypto exchange transactions of under US$100,000.](https://forkast.news/wp-content/uploads/2023/01/Picture2-2-1260x709.png)
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.
![U.S.’ first nuclear-powered Bitcoin mining center to open in Q1 3 Bitcoin and others cryptocurrencies mining farm. GPU graphic cards rig for cryptocurrency mining](https://forkast.news/wp-content/uploads/2022/08/mining-1.jpg)
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.
![Crypto ads should include risk warnings, says South African advertising regulation group 4 South Africa flag is depicted on the screen with the program code. The concept of modern technology and site development.](https://forkast.news/wp-content/uploads/2023/01/south-africa-flag-is-depicted-on-the-screen-with-2022-11-14-16-03-46-utc-1260x709.jpg)
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).
![Markets: Bitcoin slips, remains above US$22,000; Dogecoin leads gains 5 Bitcoin](https://forkast.news/wp-content/uploads/2023/01/bitcoin-9-1260x708.jpg)
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.
![Why Europe’s DORA regulation is a band aid but not a cure 6 European Union concept with gavel and brown paper with the word legislation](https://forkast.news/wp-content/uploads/2023/01/Forkast-Opinion-Images-2-1260x710.png)
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.
![Binance Charity to fund over 30,000 Web3 scholarships in 2023 7 Students working at a computer. | Binance Charity to fund over 30,000 Web3 scholarships in 202](https://forkast.news/wp-content/uploads/2023/01/students-1260x840.jpg)
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.
![Genesis’s trading arm moving funds on blockchain, bankrupt units reveal extent of liabilities 8 Stack of Ethereum coins. | Bankrupt Genesis’s trading arm still moving funds on blockchain, reveals extent of liabilities.](https://forkast.news/wp-content/uploads/2023/01/Ethereumstack-1260x841.jpg)
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.
![Markets: Bitcoin holds at four-month high above US$22,000, crypto market cap back over US$1 trillion 9 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](https://forkast.news/wp-content/uploads/2023/01/Bitcoin33-1260x664.jpg)
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.
![Crypto is second most owned asset class for young women after cash: report 10 Women in an office working on their laptops](https://forkast.news/wp-content/uploads/2022/07/women-1260x841.jpg)
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
![Accelerator Graviton to help Indian Web3 start-ups get funding 11 Angel invertor. Investing in start-up companies.](https://forkast.news/wp-content/uploads/2023/01/VCs-1260x832.jpg)
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
![Crypto lender Nexo to pay US$45 mln to settle U.S. SEC charges 12 Nexo trading platform](https://forkast.news/wp-content/uploads/2022/09/Nexo-1260x709.jpg)
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,
![Markets: Bitcoin dips below US$21,000 13 Bitcoin and chart](https://forkast.news/wp-content/uploads/2023/01/bitcoin-8-1260x840.jpg)
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.
![Weekly Market Wrap: Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap? 14 Golden Bitcoin token, with a screen showing a Bitcoin chart in the background.](https://forkast.news/wp-content/uploads/2023/01/wazirx-1-1260x840.jpg)
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.
![Binance among top Bitcoin receivers of Bitzlato’s illegal funds, FinCEN says 15 Gavel in front of American Flag](https://forkast.news/wp-content/uploads/2023/01/binance-1260x945.jpg)
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 chief John Ray mulls resurrection of collapsed crypto exchange 16 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](https://forkast.news/wp-content/uploads/2023/01/john-ray-ftx-1260x945.png)
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 expresses interest in buying CoinDesk from cash-strapped Digital Currency Group 17 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](https://forkast.news/wp-content/uploads/2023/01/Untitled-design-9-1260x709.jpg)
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.
![Digital Currency Group’s crypto brokerage Genesis Global Capital files for bankruptcy 18 genesis logo | Digital Currency Group’s crypto brokerage Genesis Global Capital files for bankruptcy](https://forkast.news/wp-content/uploads/2023/01/genesis-bankrupty-1260x945.png)
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.
![Stuck in stone? Why DLT transactions should be reversible 19 U-turn sign (left), Bitcoin cryptocurrency investment chart](https://forkast.news/wp-content/uploads/2023/01/2-1-1260x710.png)
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.
![Markets: Bitcoin bounces back above US$21,000, Cardano gains amid CoinDesk speculation 20 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](https://forkast.news/wp-content/uploads/2023/01/bitcoin-cardano-1260x945.png)
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.
![Universal digital payments network for stablecoins, CBDCs launches at Davos 21 Two mobile phones performing a transaction](https://forkast.news/wp-content/uploads/2020/05/mobile-payment.jpg)
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.
![S. Korean city Busan to launch digital commodities exchange, shelves crypto 22 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](https://forkast.news/wp-content/uploads/2023/01/busan-committee-1260x945.png)
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.
![Markets: Bitcoin, Ethereum extend losses 23 Bitcoin](https://forkast.news/wp-content/uploads/2023/01/bitcoin-7-1260x811.jpg)
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.
![National Australia Bank to launch AUDN stablecoin: report 24 Hands holding australian dollars 50 banknotes.](https://forkast.news/wp-content/uploads/2023/01/austra-1260x840.jpg)
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.
![Former FTX U.S. CEO Sam Bankman-Fried rejects liquidators' claim of recovered assets 25 Sam Bankman-Fried. | Former FTX U.S. CEO Sam Bankman-Fried rejects liquidators' claim of recovered assets](https://forkast.news/wp-content/uploads/2023/01/bankmanfried-1260x839.jpg)
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.
![Singapore-based crypto unicorn Amber Group slashes Hong Kong workforce, SCMP reports 26 Hong Kong Skyline. | Singapore-based crypto unicorn Amber Group slashes Hong Kong workforce, SCMP reports](https://forkast.news/wp-content/uploads/2023/01/HongKong-1-1260x840.jpg)
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.
![DCG’s crypto lender Genesis may file for bankruptcy, according to Bloomberg report 27 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](https://forkast.news/wp-content/uploads/2023/01/genesis-1260x945.png)
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.
![Why crypto crashes are just like Nascar collisions 28 cracked windshield from crash with shadows of crypto coins](https://forkast.news/wp-content/uploads/2023/01/1-1-1260x710.png)
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?
![Markets: Bitcoin, Ether fall on U.S. economy worries, hawkish Fed comments on interest rates 29 Two Bitcoins sitting on top of U.S. cash. | Markets: Bitcoin, Ether fall on U.S. economy worries, hawkish Fed comments on interest rates](https://forkast.news/wp-content/uploads/2023/01/Bitcoincash-1260x840.jpg)
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.
![Cutting in the middlemen: How embracing real estate tokenization can boost business for property brokers 30 How embracing real estate tokenization can boost business for property brokers](https://forkast.news/wp-content/uploads/2023/01/How-embracing-real-estate-tokenization-can-boost-business-for-property-brokers-1260x709.jpg)
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.
![Coinbase asks Japan customers to withdraw holdings as it halts operations 31 Kofu City, Japan Downtown Skyline at Dusk](https://forkast.news/wp-content/uploads/2023/01/japan-downtown-1260x841.jpg)
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 32 Genesis, Gemini face US charges over unregistered securities sales](https://forkast.news/wp-content/uploads/2023/01/Genesis-Gemini-face-US-charges-over-unregistered-securities-sales-1260x710.png)
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 commissioner calls for clearer crypto regulations 33 CFTC logo on a brick wall](https://forkast.news/wp-content/uploads/2020/07/cftc-chairman-ethereum-futures-gID_1.jpg)
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.
![Markets: Bitcoin, Ether rise further; Dogecoin leads gains in top 10 cryptos 34 Bitcoin coins on keyboard computer with trading exchange graph](https://forkast.news/wp-content/uploads/2023/01/bitcoin-4-1260x840.jpg)
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.
![Silvergate reports US$1 billion loss, attributes to “crisis of confidence” in crypto sector 35 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)
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.
![FTX says US$415 mln in crypto hacked since bankruptcy filing 36 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](https://forkast.news/wp-content/uploads/2023/01/Untitled-design-8-1260x709.jpg)
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.
![Markets: Bitcoin, Ether prices little changed; Polkadot gains as Solana gives up ground 37 Two Bitoins sitting on a grey background. | Markets: Bitcoin, Ether prices little changed; Polkadot gains as Polygon, Solana give up ground](https://forkast.news/wp-content/uploads/2023/01/bitcoin44-1260x840.jpg)
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 38 IPFS to demonstrate long distance communications in space aboard LM 400 spacecraft](https://forkast.news/wp-content/uploads/2023/01/IPFS-to-demonstrate-long-distance-communications-in-space-aboard-LM-400-spacecraft-1260x840.jpg)
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 NFT platforms expand into Hong Kong in face of compliance risks on mainland 39 China flag, Digital collectible (right) on ShucangCN app](https://forkast.news/wp-content/uploads/2023/01/Timmy2-1-1-1260x709.jpg)
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.
![Thailand’s SEC issues new regulations for crypto custody services 40 Image of Bankgog](https://forkast.news/wp-content/uploads/2022/09/bangkok-1260x665.jpg)
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.
![Singapore court extends crypto lender Vauld’s creditor protection to Feb. 28 41 Creditors take hostile action as crypto firm Vauld seeks bankruptcy protection](https://forkast.news/wp-content/uploads/2022/07/vauld-1-1260x709.jpg)
Singapore court extends crypto lender Vauld’s creditor protection to Feb. 28
The Singapore High Court has extended the creditor protection period for crypto lender Vauld to Feb. 28, as the firm has yet to come up with a revival plan
![Markets: Bitcoin inches up, Ether slips; China posts 3% GDP growth for 2022 42 Bitcoin and China flag | Markets: Bitcoin inches up, Ether slips; China posts 3% GDP growth for 2022 | bitcoin price, bitcoin news, ether price, ether news, crypto price](https://forkast.news/wp-content/uploads/2023/01/Untitled-design-7-1260x709.jpg)
Markets: Bitcoin inches up, Ether slips; China posts 3% GDP growth for 2022
Bitcoin inched up and Ether slipped in Tuesday afternoon trading in Asia, with most other top 10 cryptocurrencies trading lower on the day.
![CryptoSlam, Forkast.News merge to form Web3 data intelligence platform 43 hand shake](https://forkast.news/wp-content/uploads/2022/10/merger-1260x840.jpg)
CryptoSlam, Forkast.News merge to form Web3 data intelligence platform
Web3 media company Forkast.News and blockchain data analytics firm CryptoSlam are merging to establish Forkast Labs, a media intelligence platform for the digital economy that will combine on-chain data analytics and journalism.
![South Korea launches online metaverse replica of capital city Seoul to improve public services 44 metaverse seoul and avatars exploring the platform | South Korea launches online metaverse replica of capital city Seoul to improve public services | south korea metaverse web3](https://forkast.news/wp-content/uploads/2023/01/meta-seoul-1260x945.png)
South Korea launches online metaverse replica of capital city Seoul to improve public services
S. Korea’s capital city opened the first stage of ‘Metaverse Seoul’ on Monday, which it claims is the first city-backed public metaverse in the world.
![Crypto’s data problem: Rebuilding trust in a trustless environment 45 Crypto’s data problem rebuilding trust in a trustless environment](https://forkast.news/wp-content/uploads/2023/01/Cryptos-data-problem-rebuilding-trust-in-a-trustless-environment-2-1260x841.jpg)
Crypto’s data problem: Rebuilding trust in a trustless environment
Price is the wrong measure of Web3’s true value, writes Angie Lau, editor-in-chief of Forkast. To recover from Crypto Winter, we need metrics that are less prone to whims and manipulation.
![China’s digital yuan used in securities trade for the first time 46 E-CNY logo in front of a trading screen | China’s digital yuan used to buy securities for the first time | China, e-CNY, Digital Yuan, PBOC - People's Bank of China](https://forkast.news/wp-content/uploads/2023/01/featured-image-01_副本-1260x840.jpg)
China’s digital yuan used in securities trade for the first time
See related article: China digital currency transaction volume soars to nearly US$14B Soochow Securities, a Chinese securities firm, enabled e-CNY payments on its mobile application on Monday, marking the first use case of the central bank digital currency in securities market trade, according to state-backed finance outlet China Securities Journal. Fast facts See related article: […]
![S. Korean court says NFT game items are speculative, adds on to P2E ban 47 SkyPeople's Five Stars for Klaytn | S. Korean court says NFT game items are speculative, refines to P2E ban | south korea p2e ban skypeople nft blockchain gaming](https://forkast.news/wp-content/uploads/2023/01/five-stars-1260x945.png)
S. Korean court says NFT game items are speculative, adds on to P2E ban
A South Korean court ruled against the release of a blockchain P2E game last Friday after determining that in-game NFTs promote speculation.
![North Korean hackers move 41,000 ETH stolen from Harmony Bridge attack 48 cross-chain bridges. | North Korean hackers move 41,000 ETH stolen from Harmony Bridge attack](https://forkast.news/wp-content/uploads/2023/01/bridges-1260x755.jpg)
North Korean hackers move 41,000 ETH stolen from Harmony Bridge attack
The Lazarus Group, a North Korean cybercrime organization, has transferred 41,000 Ether (US$63.9 million) stolen from the 2022 Harmony bridge hack onto cryptocurrency exchanges Binance, OKX and Huobi, according to blockchain data shared by Twitter sleuth ZachXBT.
![Monex Group expresses interest in bidding in upcoming sale of FTX Japan: Bloomberg 49 FTX app and Monex Group CEO Oki Matsumoto | Monex Group expresses interest in bidding in upcoming sale of FTX Japan: Bloomberg | ftx, monex group, japan crypto](https://forkast.news/wp-content/uploads/2023/01/monex-ftx-1260x945.png)
Monex Group expresses interest in bidding in upcoming sale of FTX Japan: Bloomberg
Tokyo-based online brokerage Monex Group Inc. indicated it may join the bidding for the Japan subsidiary of the failed FTX cryptocurrency exchange.
![Your fitness app knows a scary lot about you. How secure is your data? 50 woman using smartwatch as fitness tracker (left), distorted photo of chains with the word blockchain](https://forkast.news/wp-content/uploads/2022/11/Forkast-Opinion-Images-1-1260x710.png)
Your fitness app knows a scary lot about you. How secure is your data?
Being on the watch, your tracker knows where you live, when you sleep and how healthy (or not) you are. What happens if your data is sold — or hacked?
![Markets: Bitcoin holds above US$21,000 as crypto market cap briefly tops US$1 trillion 51 Bitcoins sitting on top of U.S. cash. | Markets: Bitcoin holds above US$21,000 as crypto market cap briefly tops US$1 trillion.](https://forkast.news/wp-content/uploads/2023/01/Bitdollar-1260x840.jpg)
Markets: Bitcoin holds above US$21,000 as crypto market cap briefly tops US$1 trillion
Bitcoin held above US$21,000 in Tuesday morning trading in Asia with the total cryptocurrency market capitalization also briefly breaching the US$1 trillion-dollar mark in the last 24 hours for the first time since mid-November.
![China’s digital yuan needs WeChat, Alipay to boost adoption, experts say 52 Closeup shot of 100 Chinese Yuan (CNY) banknotes and Chinese traditional red envelop, E-CNY logo](https://forkast.news/wp-content/uploads/2023/01/Timmy-1260x659.jpg)
China’s digital yuan needs WeChat, Alipay to boost adoption, experts say
The central bank rolled out a “red packet” feature for its digital currency, the e-CNY, for the Lunar New Year holiday but it will require help from the tech giants it has bashed to popularize the digital yuan.
![What does the future hold for digital assets in 2023? 53 What does the future hold for digital assets in 2023?](https://forkast.news/wp-content/uploads/2023/01/Forkast-Opinion-Images-1260x710.png)
What does the future hold for digital assets in 2023?
NFTs, tokenization and blockchain-based cross-border payments will see big paradigm shifts, but their success will depend on regulation, investment and adoption, writes Stephen Richardson of Fireblocks.
![Markets: Bitcoin, Ether rises; Solana is biggest gainer among top 10 54 solana, bitcoin logo | Markets: Bitcoin, Ether rises; Solana is biggest gainer among top 10 | solana, polygon, bonk, matic, shiba inu, bitcoin, ethereum](https://forkast.news/wp-content/uploads/2023/01/markets-0116-1260x945.png)
Markets: Bitcoin, Ether rises; Solana is biggest gainer among top 10
Bitcoin and Ether gained in Monday afternoon trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies.
![Bitcoin miners return from winter storms, difficulty at an all-time high 55 Bitcoin mining difficult reaches all time high.](https://forkast.news/wp-content/uploads/2023/01/bitcoinmining2-1260x840.jpg)
Bitcoin miners return from winter storms, difficulty at an all-time high
The Bitcoin mining difficulty level jumped 10.26% on Monday morning in Hong Kong, hitting an all-time high reading of 37.59 trillion, as several U.S-based miners came back online from recent winter storms that forced them to unplug, according to data from BTC.com. See related article: Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs […]
![CEO of South Korea’s V Global US$2 bln crypto pyramid scheme gets 25 years in prison 56 company employees in pyramid scheme | CEO of South Korea’s V Global US$2 bln crypto pyramid scheme gets 25 years in prison | south korea crypto fraud v global v cash](https://forkast.news/wp-content/uploads/2023/01/company-employees-in-a-hierarchical-pyramid-2022-11-09-06-43-11-utc-1260x793.jpg)
CEO of South Korea’s V Global US$2 bln crypto pyramid scheme gets 25 years in prison
Lee Byung-gul, the CEO of V Global, will serve 25 years in prison after his conviction was upheld by the Supreme Court of Korea on Friday.
![U.S. House of Representatives forms new cryptocurrency subcommittee 57 Republican Congressman French Hill. | U.S. House of Representatives forms new cryptocurrency subcommittee](https://forkast.news/wp-content/uploads/2023/01/frenchhill-1260x840.jpg)
U.S. House of Representatives forms new cryptocurrency subcommittee
The U.S. House of Representatives has created a new congressional subcommittee focused on digital assets, as one of its first moves under the control of the Republican Party.
![Markets: Bitcoin, Ether little changed after weekend surge; Solana, XRP give back some gains 58 Bitcoins sitting in sand. | Markets: Bitcoin, Ether little changed after weekend surge; Solana, XRP give back some gains.](https://forkast.news/wp-content/uploads/2023/01/Bitcoin6-1260x841.jpg)
Markets: Bitcoin, Ether little changed after weekend surge; Solana, XRP give back some gains
Bitcoin and Ether prices were little changed in Monday morning trading in Asia. Several of the top 10 non-stablecoin cryptocurrencies took a breather after strong gains over the weekend on the back of signs inflation may have peaked in the U.S.
![Crypto lender Hodlnaut's creditors reject restructuring plan, prefer liquidation: report 59 Hodlnaut, Creditors of distressed crypto lender Hodlnaut reject restructuring plan, prefer liquidation: Bloomberg](https://forkast.news/wp-content/uploads/2023/01/62307626112ced4eafc62246_Hodlnaut-Header-1260x709.jpg)
Crypto lender Hodlnaut’s creditors reject restructuring plan, prefer liquidation: report
Creditors of Singapore-based crypto lending and borrowing platform Hodlnaut have rejected a proposed restructuring plan and wish to liquidate the company.
![Alameda liquidators get liquidated while consolidating funds on DeFi lending platform Aave 60 Alameda Research: Follow the money](https://forkast.news/wp-content/uploads/2023/01/Alameda-Research-1260x710.png)
Alameda liquidators get liquidated while consolidating funds on DeFi lending platform Aave
Alameda Research liquidators were liquidated for US$72,000 from an on-chain position on decentralized finance (DeFi) lending platform Aave while trying to consolidate funds
![Weekly Market Wrap: Bitcoin rebounds above US$18,000, Ether gains over 13% 61 Closeup Bitcoins mockup on the keyboard over the cryptocurrency](https://forkast.news/wp-content/uploads/2023/01/wazirx-2-1260x840.jpg)
Weekly Market Wrap: Bitcoin rebounds above US$18,000, Ether gains over 13%
Bitcoin rallied above the US$18,000 mark for the first time in nearly a month. Is this the start of a bull run or just another relief rally on the back of easing inflation pressure?
![Why is it harder to arrest Terra-Luna founder Do Kwon than FTX’s Sam Bankman-Fried? 62 Terra chief Do Kwon and FTX founder Sam Bankman Fried | Why is it harder to arrest Terra-Luna founder Do Kwon than FTX’s Sam Bankman-Fried? | do kwon news, kwon do hyung, do kwon terra, terraform labs, terra-luna, terra luna](https://forkast.news/wp-content/uploads/2023/01/Untitled-design-6-1260x709.jpg)
Why is it harder to arrest Terra-Luna founder Do Kwon than FTX’s Sam Bankman-Fried?
South Korea’s attempts to extradite the founder of the collapsed Terra-Luna stablecoin will remain hamstrung while the courts in Seoul dispute the charges against him.
![Markets: Bitcoin, Ether trade higher; Solana biggest weekly gainer among top 10 cryptos 63 cryptocurrencies sitting on top of a pile of U.S. cash. | Markets: Bitcoin, Ether continue run up ahead of U.S. inflation report; Avalanche surges](https://forkast.news/wp-content/uploads/2023/01/Cryptocurrencies-1260x840.jpg)
Markets: Bitcoin, Ether trade higher; Solana biggest weekly gainer among top 10 cryptos
Bitcoin and Ether rose in Friday afternoon trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies, after the U.S. posted a 6.5% year-on-year increase in the Consumer Price Index for December, which came in lower than inflation readings in previous months.
![Crypto.com announces 20% cut in headcount, cites post-FTX market conditions 64 kris marszalek, CEO of crypto.com | Crypto.com announces 20% cut in headcount, cites post-FTX market conditions | crypto.com layoff](https://forkast.news/wp-content/uploads/2023/01/kris-crypto.com_-1260x708.png)
Crypto.com announces 20% cut in headcount, cites post-FTX market conditions
Crypto.com will lay off 20% of its workforce, its co-founder and chief executive officer Kris Marszalek said Friday in a Twitter post.
![SEC in the U.S. charges Genesis, Gemini with selling unregistered securities 65 Gary Gensler](https://forkast.news/wp-content/uploads/2023/01/GettyImages-1424027908.jpg)
SEC in the U.S. charges Genesis, Gemini with selling unregistered securities
The U.S. Securities and Exchange Commission on Thursday charged cryptocurrency lender Genesis Global Capital and crypto exchange Gemini Trust with offering and selling unregistered securities to retail investors.
![Coinbase to cut jobs, shut down most of its cryptocurrency operations in Japan 66 Japan flag and phone using coinbase app | Coinbase to cut jobs, shut down most of its cryptocurrency operations in Japan | coin base, kraken, coinbase japan, ftx, blockchain.com, huobi](https://forkast.news/wp-content/uploads/2023/01/Untitled-design-5-1260x709.jpg)
Coinbase to cut jobs, shut down most of its cryptocurrency operations in Japan
Coinbase, the world’s second largest cryptocurrency exchange by trade volume, is cutting jobs and closing down most of its operations in Japan.
![Markets: Bitcoin, Ether prices jump as U.S. indicator shows inflation pressure is easing 67 golden bitcoin and pile of rolled up dollar bills | Markets: Bitcoin, Ether prices jump as U.S. indicator shows inflation pressure is easing | crypto price, bitcoin price, ether price, crypto news, bitcoin news](https://forkast.news/wp-content/uploads/2023/01/bitcoin-dollars-1260x945.png)
Markets: Bitcoin, Ether prices jump as U.S. indicator shows inflation pressure is easing
Bitcoin and Ether prices jumped in Friday morning trading in Asia after the December U.S. Consumer Price Index released overnight rose 6.5%.
![Bitcoin price rebounds as U.S. inflation cools 68 Bitcoins sitting ontop of a pile of U.S. bills. | Markets: Top 10 crypto fall as Blockfi enters bankruptcy, macroeconomic concerns spread](https://forkast.news/wp-content/uploads/2022/11/Bitdollar-3-1260x840.jpg)
Bitcoin price rebounds as U.S. inflation cools
Bitcoin rebounded above US$18,000 on Friday as the U.S. consumer price index, rose 6.5% in December, matching expectations and continuing a downtrend from previous months.
![Nexo office in Bulgaria raided over fraud, money laundering suspicion 69 Nexo trading platform](https://forkast.news/wp-content/uploads/2022/09/Nexo-1260x709.jpg)
Nexo office in Bulgaria raided over fraud, money laundering suspicion
Cryptocurrency lender Nexo’s office in Bulgaria was raided by local authorities on Thursday over suspicion of money laundering, tax offenses, computer fraud and banking without a license.
![El Salvador establishes legal framework for all cryptocurrencies 70 Golden Bitcoin tokens on the left and El Salvador president Nayib Bukele on the right](https://forkast.news/wp-content/uploads/2022/05/Timmy.png)
El Salvador establishes legal framework for all cryptocurrencies
El Salvador has passed landmark legislation that establishes a legal framework for all cryptocurrencies to build on the country’s “first-mover advantage.”
![Markets: Bitcoin, Ether rise as investors await US inflation data; Polkadot gains 71 Set of cryptocurrencies](https://forkast.news/wp-content/uploads/2023/01/crypto-1260x840.jpg)
Markets: Bitcoin, Ether rise as investors await US inflation data; Polkadot gains
Bitcoin and Ether rose in Thursday afternoon trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies, as investors anticipate signs of slower inflation in the upcoming Thursday release of the U.S. Consumer Price Index for December.
![Shanghai Two Sessions: metaverse development requires stronger supervision 72 Shanghai](https://forkast.news/wp-content/uploads/2023/01/shanghai-2021-08-26-16-02-32-utc-1260x840.jpg)
Shanghai Two Sessions: metaverse development requires stronger supervision
Shanghai Two Sessions’ delegate urges stronger supervision in the metaverse industry, as metaverse fever continues.