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LG Electronics logo, Web3 background | LG Electronics seeks Web3 talent for blockchain-NFT efforts | lg electronics web3, blockchain

LG Electronics seeks Web3 talent for blockchain, NFT efforts

LG Electronics is recruiting chief technical officers (CTOs) to lead the company’s growing Web3 business.
Mastodon logo (left), Twitter logo (right)

Half a million users move to decentralized alternative Mastodon following Elon Musk Twitter grab

Amid uncertainty and criticism following Elon Musk’s takeover of Twitter, nearly half a million users have flocked to Mastodon, a decentralized alternative.
Ex-FTX CEO Sam Bankman-Fried | Binance’s pending acquisition, rescue of FTX may attract attention of antitrust regulators

Binance to sell FTX token holdings amid questions over trading arm Alameda finances

Binance CEO Changpeng Zhao said Binance will liquidate its remaining FTT tokens issued by the second-largest crypto exchange FTX amid questions over Alameda Research.
coinone and kakaobank logo | South Korea’s online KakaoBank to open accounts for Coinone exchange users this month | kakaobank, south korea crypto, coinone kakaobank

South Korea’s online KakaoBank to open accounts for Coinone exchange users this month

KakaoBank, one of South Korea’s online-only banks with nearly 20 million users, said it will start providing accounts for users of Coinone exchange in November.
Bitcoin and cash on a wooden table.

Markets: Bitcoin, Ether prices pull back after weekend gain on sign U.S. inflation may be easing

Bitcoin and Ether fell in Monday morning trading in Asia as the crypto market gave up some gains made on the weekend on the back of U.S. job numbers on Friday.
Singapore skyline at night

Crypto asset manager HashKey gets Singapore’s in-principle license

HashKey Capital Singapore, an investment arm of Hong Kong-based HashKey Group, said on Friday that it received an in-principle approval for the Capital Markets Services license from the Monetary Authority of Singapore (MAS).
From above set of financial diagrams showing growth in trading market against green background. 3d render

Chainlink, green asset exchange MVGX to explore crypto carbon trading

Singapore blockchain-based carbon credits exchange Metaverse Green Exchange (MVGX) will partner crypto data provider Chainlink to explore tokenized carbon trading.
Cryptocurrency Bitcoin golden coins spilling on the table.

Markets: Bitcoin, Ether gain; DOGE leads top 10 crypto losses; Hang Seng rises 5%

Bitcoin and Ether gained with mixed results across the top 10 cryptocurrencies by market capitalization, excluding stablecoins. The Hong Kong Hang Seng Index gained 5.30% amid speculation that the Chinese economy will soon reopen.
India's Taj Mahal

India forms new crypto advocacy body with Coinbase, Polygon

Cryptocurrency exchanges and Web 3.0 companies, including Coinbase and Polygon, have formed the Bharat Web3 Association in India to strengthen regulation and consumer protection for the industry.
puzzle-with-cyber-robber-icons-be-careful-and-unl-2022-09-29-15-37-30-utc

Token price of Ethereum-based play-to-earn company Gala Games falls some 20% after hacking scare

The network says the apparent attack was just a preemptive safeguard against an issue with a cross-chain bridge.
coins Bitcoin, against the background of Canada flag, concept of

Canada to examine risks from crypto, stablecoins, CBDCs in budget

The Canadian government will begin a consultation on the risks that digital assets and currencies may pose to the country’s traditional financial system.
bangkok2 5

Dashcam maker Hivemapper issues crypto HONEY for road image contribution

San Francisco-based dashcam maker and decentralized mapping service provider Hivemapper issued cryptocurrency tokens HONEY to reward dashcam users for contributing driving data and road imagery on Friday Hong Kong time, according to a press release shared with Forkast.
Goldman Sachs CEO David Solomon. Goldman Sachs launches crypto categorization tool for institutional clients

Goldman Sachs launches crypto explainer, trend tool for institutional clients

After dabbling in cryptocurrency product offerings, Goldman Sachs is now offering a service to clients to help analyze tokens and market trends.
do kwon and europe map | Crypto fugitive Do Kwon said to be hiding in Europe, mocks ‘cops from world over’ in series of tweets | do kwon, do kwon news, terraform labs

Crypto fugitive Do Kwon said to be hiding in Europe, mocks ‘cops from world over’ in series of tweets

The South Korean founder of the collapsed Terra stablecoin faces multiple allegations of wrongdoing, the latest being price manipulation.
Stuart Haber

Curiosity ‘always’ fuels innovation, says blockchain co-creator Stuart Haber 

U.S. computer scientist Stuart Haber, recognized with Scott Stornetta as the co-inventor of blockchain, says he is excited to see the evolution of the technology, not only in the financial sector, but also in entertainment, business, and technology industries.
Stack of Bitcoins on top of a laptop. Bitcoin, Ether prices rise, Polygon leads top 10 in gains, Doge, Shib retreat

Bitcoin, Ether prices rise, Polygon leads top 10 in gains, Doge, Shib retreat

Bitcoin and Ether rose in Friday morning trading in Asia. Polygon’s Matic led gains in the top 10 tokens after Instagram said it would use Polygon to integrate NFTs into its platform.
Standard Chartered Bank

Standard Chartered invests in Partior blockchain payments platform

London-headquartered banking giant Standard Chartered announced on Thursday that it had invested in the blockchain-based interbank settlement platform Partior, a joint venture of JP Morgan, DBS bank and Temasek.
Singapore Downtown skyline at night. Financial district and business centers in technology smart urban city in Asia. Skyscraper and high-rise buildings.

‘End of the beginning’ in blockchain development, Singapore FinTech Festival speakers declare

Bursting of speculative bubble described as a turning point in the evolution of digital assets as industry players and observers welcome promise of mainstream adoption and better governance.
Merion at night in Marina Bay, Singapore

Singapore still aims to be a crypto hub, minus speculative trading

The Monetary Authority of Singapore (MAS) wants to build the city-state into a “crypto hub” fueled by instant settlements, tokenized assets and programmable money, not “speculating in cryptocurrencies,” Ravi Menon, the central bank’s managing director, said at the Singapore FinTech Festival on Thursday. 
Singapore

Singapore’s Project Ubin+ to study cross-border FX with CBDCs

The MAS launched Project Ubin+ on Thursday, a collaborative initiative with international partners to explore cross-border foreign exchange settlements using wholesale CBDC.
A red padlock stands out from others. Protecting information and avoiding unauthorized access and data leakage. Hacking attack. Safety of personal data, privacy of users. NSFW. Virus, antivirus

OpenSea unveils features to freeze stolen NFTs and malicious links

OpenSea will pilot a system that freezes the trading of NFTs involved in suspicious sales while it reviews the transaction.
Ripple Vs SEC Images

Digital wallet Cryptillian seeks to back Ripple against SEC in XRP lawsuit

Digital wallet service provider Cryptillian Payment Systems has requested to file an amicus brief to support Ripple Labs Inc. in the latter’s ongoing court battle against the U.S. Securities Exchange Commission (SEC).

Markets: Bitcoin, Ether fall; top 10 crypto mixed following Fed rate hike

Bitcoin and Ether dropped in Thursday afternoon trading in Asia, while the rest of the top 10 cryptocurrencies by market capitalization, excluding stablecoins, posted mixed results.
Do Kwon and Terra logo | South Korea’s investigation of Do Kwon ‘unfair’: Terraform Labs | do kwon terra, do kwon investigation, do kwon news, do kwon latest news

Crypto leaders differ over Do Kwon blame in May’s market crash

‘Bad actor’ or a ‘sliding market’? Blockchain industry leaders at Hong Kong FinTech Week offer insights into the Terra-LUNA crash.
Binance CEO Changpeng Zhao at Web Summit 2022 | Binance will re-enter South Korea’s crypto market, CZ says | binance, changpeng zhao, cz binance, binance south korea

Binance will re-enter South Korea’s crypto market, CZ says

Binance is preparing to operate in South Korea’s crypto market, said CEO Changpeng Zhao at the Web Summit 2022 held in Lisbon.
Binance founder and CEO Changpeng Zhao. Image: Binance/Youtube

Binance considers buying banks, bridging gap between crypto, TradFi

The world’s largest crypto exchange seeks to become a bridge between traditional finance and cryptocurrencies.
Screenshot of Instagrams NFT support. Instagram to allow creators to mint and sell NFTs through the platform

Instagram to allow creators to mint and sell NFTs through the platform

Instagram will soon allow creators to mint and sell NFTs through the platform to buyers both on and off Instagram using an ‘end-to-end toolkit.’
Bitcoin cryptocurrency, blockchain technology decentralized currency coin, conceptual image with selective focus

Crypto Winter will only get worse as industry adjusts: Tezos cofounder

The ongoing Crypto Winter is ‘only going to get worse’ as the industry is re-evaluated amongst tighter interest rates, the cofounder of Tezos predicts.
NFT sign on a microchip and token with SBT letters; golden electronic board background

How soulbound tokens can lift billions of lives around the world

What are soulbound tokens, and how can they end the ‘credit paradox’ that has been holding back the unbanked masses? Fakhul Miah of CreDA explains.

Singapore fintech fest raises profile of industry that wants to ‘disappear’

Digital asset and blockchain highlights of event draw huge crowds, even as industry figures say they want the technology behind them to become just a normal component of the finance system.
US Federal Reserve Chair Jerome Powell

Markets: Bitcoin and Ether fall with crypto top 10 as Fed raises rates 75 bps

Markets: Bitcoin and Ether fall with crypto top 10 as Fed raises rates 75 bps
nirmala sitharaman

India’s finance minister urges G20 nations to come on board to regulate crypto

Indian Finance Minister Nirmala Sitharaman has urged all Group of 20 (G20) nations, as well as international bodies like the International Monetary Fund and Financial Stability Board, to come together to help regulate crypto assets. See related article: India’s finance minister sees 46% growth in blockchain technology use in next few years Fast facts Sitharaman […]
Project Mariana overview

BIS’ ‘Project Mariana’ to explore CBDC integration with DeFi

The Bank for International Settlements (BIS) has launched a new project with the central banks of Singapore, France and Switzerland to study the possibility of integrating some decentralized finance (DeFi) features with central bank digital currencies (CBDCs). See related article: mBridge participants to end domestic payments of foreign CBDCs Fast facts The BIS announced on […]
eddie yue

Hong Kong crypto policy turns on hopes of economic revival

Top blockchain and crypto news: Hong Kong rethinks digital assets. CBDC to debut in India. China’s e-yuan privacy problem.
singapore

Payments platform StraitsX to show real-world stablecoin use at Singapore Fintech Festival

Singapore-based StraitsX, a payments infrastructure for digital assets, will pilot stablecoin applications at the ongoing Singapore Fintech Festival. 
Bitcoin and Hong Kong banknote

Markets: Bitcoin, Ether drop; Dogecoin rally ends

Bitcoin and Ether dropped in Wednesday afternoon trading in Asia amid losses among all top 10 cryptocurrencies by market capitalization, excluding stablecoins, led by Shiba Inu.
From above set of financial diagrams showing growth in trading market against green background. 3d render

Can blockchain tech in green finance attract more investors and deter bad actors?

As governments look towards zero carbon emission goals, new means of creating climate-related financial products are being tested on the blockchain.
Huobi logo, Justin Sun photo

Huobi plans to move HQ to the Caribbean, Justin Sun says

Huobi Global, one of the world’s largest cryptocurrency exchanges, plans to move its headquarters to the Caribbean, its new advisory board member Justin Sun said.
near korea logo, behind night skyline of Seoul, south korea | NEAR sets up Web3 hub in South Korea, eyes Asia expansion | near protocol, near foundation, near south korea

NEAR sets up Web3 hub in South Korea, eyes Asia expansion

NEAR Foundation is establishing a Web3 hub in South Korea to expand its allegiance with blockchain projects in Korea and Asia.
Art Gobbler NFT series. NFT sales decline for sixth straight month despite tailwinds

NFT sales decline for sixth straight month despite tailwinds

While October saw the emergence of two very popular NFT collections, sales failed to break US$500 million in the lowest figures since July 2021.
Han Kwee Juan

Singapore lender DBS explains its DeFi experiments, plans

DBS, the largest bank in Southeast Asia, said it tested trading of foreign exchange and government bonds using permissioned decentralized finance (DeFi) liquidity pools on a public blockchain as part of the city-state’s Project Guardian exploration of blockchain in finance.
DBS

DBS bank says it tested blockchain DeFi protocols for forex, bond transactions 

The bank is in the center of developments shepherded by the Monetary Authority of Singapore to explore digital financial technologies emerging around blockchain.
zepeto x inhope partnership graphic with zepeto avatars hugging eachother | Asia’s largest metaverse Zepeto targets sex abuse, exploitation | metaverse, zepeto, naver z

Asia’s largest metaverse Zepeto targets sex abuse, exploitation

Naver Z Corp. announced its partnership with INHOPE to protect youth from sexual abuse and exploitation on the virtual platform.
Singapore

USDC stablecoin issuer Circle wins Singapore digital payment license

The issuer of the world’s second-largest stablecoin is joining a fleet of companies in the digital asset industry moving into Singapore. What’s the attraction?
and
Cryptocurrencies on top of U.S. dollars. Markets: Bitcoin, Ether prices flat; Dogecoin, SHIB, lead gains in crypto top 10

Markets: Bitcoin, Ether prices flat; Dogecoin, SHIB lead gains in crypto top 10

Bitcoin and Ether were little changed in Wednesday morning trading in Asia along with most of the cryptocurrency top 10 by market capitalization, excluding stablecoins.
Regulation marked on rubber stamp with various cryptocurrencies in the background

Regulators are your friend, IMF official tells crypto industry

Deputy director of monetary and capital markets at the IMF, Dong He, said at Hong Kong Fintech Week on Tuesday that his message to the crypto industry is to embrace regulation.
Web 3.0 modern internet concept; businessman studying how to capitalize web 3.0 trend with organization charts

Web 3.0 suffers from hype, fragmentation, say industry experts

Interconnectivity is on the way, even as various segments of the Web 3.0 ecosystem are largely disconnected from reality and one another, said Web 3.0 experts at Hong Kong Fintech Week on Tuesday.
cbd

mBridge participants to end domestic payments of foreign CBDCs

Bank of Thailand’s Vachira Arromdee said on Tuesday the four central banks in the mBridge CBDC trials agreed to end use of foreign CBDCs domestically.
Set of cryptocurrencies with a golden bitcoin on the middle

Markets: Bitcoin, Ether rise; Dogecoin, Shiba Inu biggest gainers in top 10 crypto

Bitcoin and Ether traded up in Tuesday afternoon trading in Asia, while memecoins Dogecoin and Shiba Inu were the biggest gainers among the top 10 coins by market capitalization excluding stablecoins.
bitcoin on Indian flag

India seeks info from crypto exchanges as it mulls GST on asset class: report

India’s Central Board of Indirect Taxes & Customs (CBIC), responsible for policy formulation and collection of indirect taxes like the goods and services tax (GST), has asked major cryptocurrency exchanges to provide details on the type of digital coins and tokens being traded and their valuation. 
Ripple logo, SEC logo

Coinbase seeks to weigh in on XRP lawsuit to support Ripple against SEC

Crypto exchange Coinbase has requested to file an amicus brief in support of Ripple to weigh in on the ongoing lawsuit between the SEC and Ripple.
JPMorgan sees upside for Bitcoin and crypto amid market downturn

JP Morgan, Standard Chartered execs disagree over Bitcoin’s significance

JPMorgan Chase and Standard Chartered execs were in disagreement at Hong Kong Fintech Week over how significant Bitcoin and the wider crypto industry are.
South Korea's National Assembly | S.Korea to push out crypto investor protection as a priority by 2023: report | south korea crypto, crypto regulation

S.Korea sees passing crypto investor protection as a priority: report

The country looks to pass an initial bill that focuses on protecting digital asset investors and preventing unfair trade acts, ahead of wider legislation.
Hong Qi Yu

Singapore’s Tokenize crypto exchange opens platform for institutional investors

Cryptocurrency exchanges in Singapore are shifting focus to heavy-hitter investors, such as family offices and financial institutions, in line with the central bank’s warnings about the risks in retail crypto trading.
business-2022-08-01-01-48-55-utc (1)

Bankman-Fried calls wealth-based barriers to crypto investment classist, racist

The billionaire founder of crypto exchange FTX, Sam Bankman-Fried, criticized regulations in Hong Kong and elsewhere that limit access to crypto investment to wealthy investors.
IMG 9532

Hong Kong to boost funding, investor pool for fintech startups

Hong Kong will increase funding for startups, including fintech companies, Secretary for Commerce and Economic Development Algernon Yau said on Tuesday.
businessman stacking up blocks with governance-related terms

Why DAOs need a more accountable governance model

Many DAOs suffer from voter apathy and are hobbled by too much decentralization. What can help DAOs make better decisions?
Golden dogecoin coin. Cryptocurrency dogecoin. Doge cryptocurrency. | Markets: Bitcoin, Ether prices fall; Dogecoin, Shiba Inu bull run continues; BNB gains | bitcoin, eth, dogecoin, shiba inu, bnb, xrp

Markets: Bitcoin, Ether prices fall; Dogecoin, Shiba Inu bull run continues; BNB gains

Bitcoin and Ether prices fell in Tuesday morning trading time in Asia, while memecoin Dogecoin and Shiba Inu had the biggest gains among the top 10.
indian woman laptop

India shortlists nine banks to start CBDC trial from Nov. 1

India’s central bank, the Reserve Bank of India (RBI), will pilot the country’s first digital rupee in the wholesale segment (e₹-W) from Nov. 1 and has identified nine banks for participation in the trial. 

Web 2.5 is new Web 3.0, says co-founder of blockchain VC firm Kenetic Capital

A hybrid middle ground between Web 2.0 and Web 3.0 is necessary before full Web 3.0 integration, argued Jehan Chu, co-founder and managing partner of blockchain venture capital firm Kenetic Capital, adding that “it’s not the fully decentralized future we were promised, but it’s the one we’re going to get first.”
mergers and acquisitions

Singapore’s digital marketplace Alta buys Hg Exchange

Singapore-based Alta, a digital marketplace for alternative investments, has acquired private digital securities exchange Hg Exchange (HGX) for an undisclosed amount. 
remarks

Hong Kong announces policies to win back role as digital asset hub

Hong Kong reveals digital asset policies to distinguish itself from China, where cryptocurrency trading was banned in September last year.
PBOC Governor Yi Gang

Digital yuan prioritizing privacy, crime prevention, PBOC governor says

Privacy protection is “top on our agenda,” but combating crime is equally important for the digital yuan, central bank governor Yi Gang said at the Hong Kong Fintech Week.
DBS

Singapore’s DBS Bank trials use of digital SingDollar with vouchers

DBS Bank, the largest lender in Southeast Asia, has partnered the Singapore government’s Open Government Products (OGP) to pilot purpose-bound money-based vouchers (PBM) using tokenized Singapore dollars to facilitate live transactions with selected merchants. 
Hong Kong cityscape | Hong Kong retail investors blocked from crypto spot ETFs

Markets: Bitcoin, Ether fall; DOGE leads losses across top 10 crypto

Bitcoin fell in evening trade in Asia along with almost all other top 10 cryptocurrencies by market capitalization, excluding stablecoins, with the sole gain seen in Polkadot’s uptick.
Forkast Opinion Images 2

Satoshi’s other big legacy: Bitcoin is propelling a green energy revolution

The Bitcoin white paper, published 14 years ago this day, launched an industry that is now subsidizing clean energy and turning waste into digital gold, writes Will Szamosszegi of Sazmining.
WEMIX logo and graphics | South Korea’s Wemade to remedy WEMIX token after ‘investment warning’ by crypto exchanges | wemix, wemade, south korea

South Korea’s Wemade to remedy WEMIX token after ‘investment warning’ by crypto exchanges

South Korea-based blockchain game developer Wemade is working on a fix for WEMIX after four major crypto exchanges in the country added the cryptocurrency to an “investment warning” list for inaccurately reporting circulation numbers.
Hong Kong begins public consultation on crypto licensing regime

Hong Kong seeks to allow crypto futures ETFs

The city is seeking to allow digital asset-based exchange-traded funds (ETFs) to be publicly listed and traded in the city.
Bitcoin and Hong Kong banknote

Sam Bankman-Fried says Hong Kong could become Asia’s Web 3 hub

The founder of crypto exchange FTX, which moved out of Hong Kong in 2021, said that the city could emerge as a Web3, blockchain and cryptocurrency hub.
Do Kwon and Singapore | Terra CEO Do Kwon faces lawsuit in Singapore, next hearing on Wednesday | do kwon news, do kwon terra, terra luna

Terra CEO Do Kwon faces lawsuit in Singapore, next hearing on Wednesday

A hearing is scheduled in Singapore on a lawsuit filed against Terraform Labs’ Do Kwon on behalf of investors who lost about US$57 million in the collapse of Terra-LUNA.
Matt Damon in Crypto.com advertisement Fortune Favors the Brave

Fortune favors the brave? One year on from Crypto.com’s ad with Matt Damon

Trading volume on cryptocurrency exchange Crypto.com has slumped about 90% in the 12 months since the company’s “fortune favors the brave” ad.
Bitcoin on a plain background. Markets: Bitcoin, Ether, Cardano, XRP fall; BNB gains on Binance Twitter investment

Markets: Bitcoin, Ether, Cardano, XRP fall; BNB gains on Binance Twitter investment

Bitcoin and Ether fell in Monday morning trading in Asia, along with most other top 10 cryptocurrencies by market capitalization, excluding stablecoins.

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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.