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3D art sculpture _Meta Skull_ by Jacky Tsai displayed on LG Transparent OLED Screen at Digital Art Fair Xperience Hong Kong 2022. Image: Courtesy of Digital Art Fair

More than just a JPEG? Digital Art Fair Hong Kong explores NFTs for data streaming and display

Pixelated pictures and cartoonish drawings have typically dominated the world of Non-Fungible Tokens (NFTs), but some exhibits at Hong Kong’s Xperience art fair show new means of applying the technology.
Wemade CEO Henry Chang at BWB2022 | A 100% reserve is a must for any stablecoin: Wemade CEO | wemade stablecoin, wemix, wemix 3.0, wemix$

A 100% reserve is a must for any stablecoin: Wemade CEO

A stablecoin that is not stable is an ‘oxymoron,’ said Henry Chang, CEO of South Korea-based blockchain game developer Wemade.
pile of cryptocurrency coins and European Union flag

How Europe’s MiCA can pave the way for crypto’s revival

Europe’s new MiCA framework for regulating crypto shows the good that can happen when government works with and not against the industry, writes Nick Saponaro of Divi Labs.
Bitcoin in sand. Markets: Bitcoin price nears US$21,000 amid market rally as Ether, Dogecoin lead gains

Markets: Bitcoin price nears US$21,000 amid market rally as Ether, Dogecoin lead gains

Bitcoin continued its price run higher in Thursday morning trading in Asia as it neared US$21,000. Ether and the rest of the top 10 cryptocurrencies by market capitalization, excluding stablecoins, also rose. The total crypto market cap exceeded US$1 trillion for the first time since mid-September. Leading memecoin Dogecoin was the best performer, while the […]
Bitcoin coins and money on the business desk

Cash App users can now receive Bitcoin via the Lightning Network

Cash App users in the U.S. can now buy, send, and receive Bitcoin using the Lightning Network, directly within the app. 
Dubai

Hong Kong crypto firm Q9 Capital gets Dubai provisional approval

Hong Kong-based crypto investment firm Q9 Capital has received a provisional virtual asset approval from Dubai’s Virtual Asset Regulatory Authority (VARA), the company said on Wednesday in a statement shared with Forkast.
Aptos debut underwhelms amid questions over design and performance

Aptos debut underwhelms amid questions over design and performance

Top blockchain and crypto news: Aptos launch falls short. Why FTX chief is calling for crypto regulations. Is Hong Kong paving way for a retail CBDC?
Timeline shows the progress of the mBridge CBDC pilot project

BIS’ mBridge shows CBDCs enhance cross-border payment efficiency: HKMA

The pilot successfully executed real-value cross-border transactions involving four currencies and 20 commercial bank participants across four jurisdictions, the HKMA said.
singapore merlion

Singapore floats tests for retail crypto traders, plans to regulate stablecoins

The central bank is also considering options such as banning crypto firms from offering credit facilities, leverage or staking services to retail traders.
PBOC

Chinese blockchain firms conducting financial businesses may be violating PBOC guidelines

The People’s Bank of China (PBOC) has reminded financial technology (fintech) firms to comply with financial laws and regulations, in the central bank’s new set of guidelines released earlier this month.
US CPI FED crypto

Markets: Bitcoin price hits three-week high; top 10 cryptos gain, led by Ether

Bitcoin posted a three-week high in afternoon trading in the Asia time zone. Ether led gains across all top 10 cryptocurrencies by market capitalization, with a 12% surge. Cardano’s ADA and Solana’s token also registered double-digit gains.
Guochun He (left) and Zheng Wang

US alleges Chinese spies used Bitcoin to bribe law enforcement officer

Two Chinese intelligence officers allegedly paid a double agent to help steal files related to a federal investigation into a China-based global telecom firm, reported to be Huawei.
Golden bitcoins and South Korea flag | S.Korea’s Shinhan Securities lays groundwork for hoped-for crypto expansion | shinhan securities, shinhan crypto

S.Korea’s Shinhan Securities lays groundwork toward hoped-for crypto expansion

As a leading financial institution of South Korea, Shinhan is gearing up for business expansion into crypto — while a local ban remains on the books.
NFTs featuring bubble tea images

Meta, Taiwan LGBT group launch NFTs for upcoming pride

Meta is collaborating with a Taiwan LGBT advocacy group and a local cryptocurrency exchange to issue charity NFTs as part of the Taiwan Pride celebration.
coins Bitcoin, on a background of Great Britain and the British flag, concept of virtual money, close-up. Conceptual image of digital crypto currency.

UK lawmakers vote to regulate digital assets as financial instruments

Lawmakers in the British Parliament’s lower house voted in favor of recognizing cryptocurrency assets as regulated financial instruments and products Tuesday.
Singapore skyline. Singapore court issues ‘landmark’ NFT decision, allows papers to be served via blockchain

Singapore court issues ‘huge’ NFT decision, allows papers to be served via blockchain

The lead counsel for the plaintiff in the case has called Friday’s ruling a decision with implications for the global blockchain industry
Parliament of Australia against blue sky. Australian 2022 budget confirms digital assets will not be taxed as foreign currency

Australian 2022 budget confirms digital assets will not be taxed as foreign currency

The Australian Government has clarified that cryptocurrency will continue to be taxed as an asset class instead of a foreign currency in its 2022 budget released on Tuesday.
us capitol

As US midterms approach, poll says voters want policy interests to align with crypto, technology

Survey reveals popularity of crypto ownership among voters, their hopes for the industry’s growing potential and the need for regulation to protect consumers.
Backdrop of Busan at night and gate.io, crypto.com logos | Crypto.com, Gate.io sign on to boost Busan’s blockchain aspirations | busan blockchain, crypto.com, gate.io

Crypto.com, Gate.io sign on to boost Busan’s blockchain aspirations

South Korea’s Busan signs agreements global cryptocurrency exchanges Crypto.com and Gate.io to grow the city’s blockchain ecosystem.
Bitcoins stacked on a black back ground. Bitcoin back above US$20,000, Ether jumps as U.K. votes to regulate crypto

Markets: Bitcoin price back above US$20,000, Ether jumps as U.K. votes to regulate crypto

Bitcoin was trading above US$20,000 for the first time in almost three weeks on Wednesday morning trading in Asia.
Four Reddit NFT Avatars, on Reddit's NFT platform

Reddit NFT trading volume hits all-time daily high as avatars sell out

Reddit non-fungible token (NFT) avatar trade volumes hit an all-time high, with sales exceeding US$2.5 million in the past 24 hours.
Bitcoin

Markets: Bitcoin little changed, Ether rises, top 10 cryptos mixed, XRP leads losers

Bitcoin traded flat on Tuesday afternoon in Asia hours, while Ether edged higher in a mixed day for prices among the top 10 cryptocurrencies by market capitalization, excluding stablecoins. XRP led the losers for the second consecutive day. Polygon’s Matic token held onto recent gains and Dogecoin also moved higher.
Taiwanese singer Annie Yi and her artist son Harrison Yu. Theirsverse NFT

Taiwan singer Annie Yi taps LGBT NFTs with artist son to advocate inclusion

The singer-actress and son Harrison Yu said they launched the Theirsverse NFT brand in New York to engage marginalized groups in the early building of Web 3.0.
Hong Kong cityscape | Hong Kong retail investors blocked from crypto spot ETFs

HNWI, family offices to drive crypto adoption across Asia: KPMG, Aspen Digital report

Family offices and high net worth individuals (HNWI) will drive the adoption of digital assets across Asia, according to a joint report by professional services firm KPMG China and Hong Kong-based crypto asset management platform Aspen Digital. See related article: Hong Kong, BIS explore CBDC-backed stablecoins in retail prototype Fast facts The report, largely based […]
Apple logo and a seesaw with u.s. dollars on one hand, a bag labelled NFTs on the other | Apple will not allow NFTs used to unlock in-app features | apple nft, apple nft fee

Apple will not allow NFTs to unlock in-app features

Apple is allowing NFTs in applications, but will not allow them to be used to unlock in-app content or features.
Hong Kong skyline

BIS, Goldman Sachs, HKMA test tokenized green bond project Genesis 2.0

Genesis 2.0 aims to explore tokenized carbon credits and IoT facilities to monitor green bond issuers’ emission-reducing commitment.
NEW YORK, NEW YORK - JUNE 23: Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE - Children With Special Needs - hosted by Michael Cayre, Roy Nachum and MegaMoon Museum at Casa Cipriani on June 23, 2022 in New York City. (Photo by Craig Barritt/Getty Images for CARE For Special Children )

Sam Bankman-Fried to refund FTX phishing victims — just this once

Cryptocurrency exchange FTX will reimburse US$6 million lost by users in a phishing attack over the weekend, according to founder Sam Bankman-Fried.
Mark Zuckerberg avatar and close-up of LED stock graph | Letter to Zuck: Meta, metaverse dreams need to come down to earth | mark zuckerberg, meta metaverse, altimeter capital

Letter to Zuck: Meta, metaverse dreams must come down to earth

Meta shareholder Altimeter Capital’s CEO Brad Gerstner wrote a letter to Mark Zuckerberg suggesting a cut in headcount and in metaverse investments.
investors discussing layered with cryptocurrency coins

The crypto industry needs to do more to help ordinary investors

Cryptocurrency was created to be accessible to the masses. So why are retail investors getting shut out from the best analytical and trading tools?
Bitcoin and cash on a black background Bitocin falls as mining difficulty hits record high

Markets: Bitcoin falls as mining difficulty hits record high, rest of crypto top 10 also decline

Bitcoin dipped in Tuesday morning trading in Asia, but held above the US$19,000 support line where it has been fluctuating for several weeks.
Rishi Sunak waves, among colleagues

Top “UK Crypto Hub” proponent Rishi Sunak to become prime minister

Rishi Sunak, who previously spearheaded the UK’s crypto hub ambitions as finance minister, has been elected by the Conservative Party on Monday following Liz Truss’ resignation last week. 
Bitcoin and crypto mining farm. Big data center.

Bitcoin mining difficulty logs new high, up 3.4%

Bitcoin mining difficulty has reached a new high after a 3.44% increase in Monday’s biweekly adjustment, according to data from BTC.com.
View of Hong Kong skyline form Victoria Peak, Hong Kong

Hong Kong, BIS explore CBDC-backed stablecoins in retail prototype

The BIS Innovation Hub Hong Kong Centre has completed its CBDC study, Project Aurum, which examined the feasibility of intermediated CBDCs and CBDC-backed stablecoins.
Hong Kong skyline

Markets: Bitcoin gains, Polygon leads top 10 crypto; Hong Kong stocks plunge

Bitcoin rose in Monday evening trading in Asia in a mixed day across the top 10 cryptocurrencies by market capitalization, excluding stablecoins. Ether gained more than 2% and Polygon had a strong run up of more than 6%. XRP fell. Different picture for Hong Kong stocks, where the Hang Seng Index plunged to lows last […]
arrows and graphs showing stock market crash with various cryptocurrencies

Is crypto dead? No, but doomsayers may profit from your panic

A lack of regulations means anyone can say bad things about crypto to stir up fear — and push you to sell. Even if they stand to make money from your losses.
Court hammer, XRP token | SEC asks court to deny Ripple motion for summary judgment in XRP lawsuit

SEC asks court to deny Ripple motion for summary judgment in XRP lawsuit

The U.S. SEC has filed a legal rebuttal to Ripple’s motion for summary judgment, a day after Ripple took a similar move against the SEC.
nft

‘Chinese Netflix’ iQIYI taps smart contract ERC-3475 to resolve copyright disputes

iQIYI, one of China’s largest online video platforms with over 100 million subscribers, is tapping Ethereum smart contract standard ERC-3475 to solve copyright-related issues, according to a press release on Sunday from the standard’s inventor, decentralized bond protocol DeBond.
Wemade's MIR4 | South Korea’s MIR4 maker WEMADE launches stablecoin | wemade, wemix 3.0, wemade stablecoin, mir4

South Korea’s MIR4 maker Wemade launches stablecoin

WEMADE, a South Korean blockchain game developer, recently launched its stablecoin, WEMIX$, for growing its blockchain ecosystem, which houses NFTs and DeFi.
Bitcoins on black background Bitcoin cryptocurrency

Markets: Bitcoin, Ether, Polygon gain; US equities see largest gains since June

Bitcoin and Ether were both gaining in Monday morning trading in Asia, as were all other top ten cryptocurrencies by market capitalization, excluding stablecoins.
XRP Ripple how it works

What is XRP and what is Ripple?

Why has Ripple Labs been in the U.S. SEC’s crosshairs and what’s the difference between Ripple and XRP?
india crypto web 3.0 blockchain regulation

India Web3 talent driven away by lack of regulatory clarity, industry body says

India’s lack of regulatory clarity on crypto and Web 3.0 is a driving force of critical human capital flight, according to a new report by Nasscom.
Ripple XRP Bitcoin Ethereum

Markets: Bitcoin holds above US$19,000 support but top 10 cryptos fall

Bitcoin traded at US$19,045.18 at 4 p.m. in Hong Kong, while Ether fell 0.48% to US$1,286.01, according to data from CoinMarketCap. 
Do Kwon and Interpol logo | Seoul cancels Terra CEO Do Kwon’s passport, prepares Interpol arrest warrant | do kwon arrest, do kwon passport, do kwon interpol, do kwon news, do kwon

Interpol’s global police beat moves to metaverse amid hunt for Terra’s Do Kwon

The international police organization Interpol has launched its own metaverse to assist law enforcement in protecting communities in virtual realms. The development comes after wanted Terraform Labs cofounder Do Kwon quietly slipped from Singapore to Dubai and possibly elsewhere. See related article: India police launch blockchain-based complaint portal on Polygon  Fast facts Interpol claims theirs […]
Golden ring between the pages of old book in vintage style, close up, soft focus, The Lord of the Rings, NFT

The Lord of the Rings NFT comes with a Web3 AR movie journey in 4K

Warner Bros. Entertainment Inc. will launch Lord of The Rings non-fungible tokens (NFTs) on Eluvio, as part of the entertainment giant’s Web 3.0 movie experience coined “Movieverse.”
Three NFTs from the Solana blockchain ecosystem.

NFT marketplaces ditching standard royalty fees labeled “short-sighted”

After Solana’s Magic Eden marketplace said it was bowing to pressure and making payment of royalties “optional” to NFT creators, industry insiders tell Forkast the policy is wrongheaded and damaging.
Hancom Logo | Software maker Hancom raided amid suspicions over token Arowana, slush fund | hancom, hancom arowana

Software maker Hancom raided amid suspicions over token Arowana, slush fund

South Korean police raided local software company Hancom and home of chairman Kim Sang-cheol on Thursday amid speculation that Kim created a slush fund using crypto token Arowana, according to local media reports.
a pile of documents and XRP token | Ripple lawyer says ‘worth the fight’ as SEC hands over Hinman files in court case | xrp news, ripple lawsuit, ripple sec

Ripple lawyer says ‘worth the fight’ as SEC hands over Hinman files in court case

The U.S. Securities and Exchange Commission (SEC) has handed over internal documents to Ripple Labs Inc. containing comments by former SEC Corporation Finance Division director William Hinman on cryptocurrencies, Ripple’s general counsel Stuart Alderoty said on his verified Twitter handle on Friday.

Jack Dorsey-founded decentralized social protocol Bluesky gets 30K signups for waiting list 

Bluesky, the decentralized social media protocol founded by former Twitter CEO Jack Dorsey, announced on Friday morning Hong Kong time that 30,000 people had signed up on its preview app waitlist 48 hours after it was announced.
Bitcoin

Markets: Bitcoin dips, 30-day volatility at 2 year low; Ether falls, Dogecoin gains

Bitcoin fell, but traded back above the US$19,000 support level in Friday morning trading in Asia. Ether lost ground along with most other top 10 cryptocurrencies by market capitalization, excluding stablecoins, but leading memecoin Dogecoin rose and Tron also edged higher. See related article: Twitter user prevents 200 billion BitBTC bridge exploit, highlighting major vulnerability […]
cricket NFT sports sachin tendulkar

Sachin Tendulkar joins NFT market Rario’s cricket legends roster

Sachin Tendulkar, Indian cricket legend and former captain of the national cricket team, has partnered with cricket non-fungible token (NFT) platform Rario to launch exclusive digital collectibles. See related article: 55,000 Meta Cricket League NFTs sell out in nine minutes Fast facts Rario has existing partnerships with cricket icons, like Zaheer Khan, Kevin Pietersen, Jonty […]
south africa crypto

Crypto becomes approved financial product in South Africa

South Africa’s financial markets regulator has declared crypto assets as a financial product, setting the legal grounds to bring cryptocurrencies under regulatory purview. See related article: Nigeria to become 1st African country to launch a central bank digital currency Fast facts Crypto is not issued by a central bank but can be traded, transferred and […]
JPMorgan sees upside for Bitcoin and crypto amid market downturn

JP Morgan appoints ex-Celsius exec to head crypto regulatory policy

JP Morgan Chase has hired former Celsius executive Aaron Lovine as executive director of digital assets regulatory policy, the latest move in the bank’s oscillating regard for the crypto industry.  See related article: JPMorgan Chase executive says crypto usage for payments decreasing   Fast facts A JPMorgan spokesperson confirmed the appointment after Lovine, who headed policy […]
Concept of Twitter logo with wings

Twitter user prevents 200 billion BitBTC bridge exploit, highlighting major vulnerability

A Twitter user highlighted a vulnerability in BitBTC’s Optimism bridge and averted what could have been the latest in a string of bridge exploits this month.
man taking off mask in front of digital background | South Korea mulls uploading headshots of sex offenders on 3D metaverse | south korea metaverse

South Korea mulls uploading headshots of sex offenders on 3D metaverse

South Korea is mulling the uploading of headshots of sex offenders rendered on the three-dimensional metaverse, to help the public identify offenders, said Minister of Gender Equality and Family Kim Hyun-sook on Tuesday in a local radio interview. See related article: S.Korea’s science ministry announces ethical principles for the metaverse Fast facts Kim mentioned the […]

Markets: Bitcoin, Ether slip amid muted performance of top 10 cryptos; XRP leads gains

The crypto market continued its sluggish performance during Thursday evening trading in Asia, with Bitcoin and Ether lower and XRP’s 0.63% rise marking the biggest gain among the top 10 cryptocurrencies by market capitalization, excluding stablecoins. See related article: Japan eases token vetting process to expand crypto offerings: report Fast facts Bitcoin fell 0.35% in […]
Fidelity’s crypto arm wants to add Ethereum trading, plans hiring spree

Fidelity Digital Assets to allow clients to trade Ether

Fidelity Digital Assets will allow clients to trade Ether from Oct. 28, according to a company email shared by Fidelity’s customers via Twitter. See related article: Fidelity considers Bitcoin trading on brokerage platform: WSJ Fast facts Institutional investors will be able to buy, sell and trade ETH, the second-largest cryptocurrency by market cap. “With the […]
vincent chok image 1

First Digital Trust says HK, Singapore can join hands on crypto initiatives

In a Q&A with Forkast, First Digital Trust Chief Executive Officer Vincent Chok shared his views on Hong Kong getting back into crypto, regulations, and how the crypto pie in Asia is big enough for rivals Singapore and Hong Kong.
Tokyo Tower in the Shiba-koen district of Minato, Tokyo, Japan. | Japan eases token vetting process to expand crypto offerings: report | japan crypto news, JVCEA, fumio kishida

Japan eases token vetting process to expand crypto offerings: report

Japan’s Virtual and Crypto assets Exchange Association (JVCEA), the self-regulatory body that oversees local crypto exchanges, will allow platforms to list cryptocurrencies without an existing lengthy screening process, according to Bloomberg. See related article: Japan pushes for tougher crypto AML regulations amid N. Korean cyberattacks Fast facts The easing is expected to take place as […]
hong kong 2021 08 26 18 13 04 utc

Hong Kong digital asset firm sets up US$50 mln fund to expand mining business amid crypto winter

Hong Kong-based digital asset management firm JKL Group will set up a US$50 million fund to buy more mining machines to further expand its mining facilities, despite the current crypto winter.
Do Kwon and Dubai night skyline | Terra CEO Do Kwon, wanted by South Korea, left Singapore and flew to parts unknown via Dubai | do kwon latest news, do kwon interpol, do kwon dubai

Terra CEO Do Kwon, wanted in South Korea, left Singapore and flew to parts unknown via Dubai

Kwon Do-hyung, the cofounder and chief executive officer (CEO) of Terraform Labs Pte. Ltd., also known as Do Kwon, left Singapore last month and landed in Dubai, United Arab Emirates, South Korean prosecutors confirmed with Forkast.
close-up shot of the definition of the word language; crypto coins

Why local language education holds the key to crypto’s future

The crypto sector operates mainly in English, but more than 6 billion people — many of whom crypto would benefit the most — use other languages, writes Wei Zhou of Coins.ph.
Bitcoin

Markets: Bitcoin, Ether fall along with rest of crypto top 10; Uniswap gains

Bitcoin and Ether both fell in Thursday morning trading in Asia and with the exception of stablecoins, all other top 10 cryptocurrencies by market capitalization lost ground.
Horizon Worlds fails to lift Meta as users stay away

Horizon Worlds fails to lift Meta as users stay away

Top blockchain and crypto news: Mark Zuckerberg’s empty metaverse. South Korea to roll out blockchain IDs. Macau bets on digital money.
Bitcoin

Bitcoin makes the Guinness World Records list as the first decentralized cryptocurrency

Bitcoin also received additional entries to the annual list, now a record holder for the “oldest cryptocurrency,” the “most valuable cryptocurrency” and the “first blockchain.”
Coins with bitcoin symbol on red light and crypto stocks chart, Markets: Bitcoin, Ether slide, crypto market cap drops under US$1 trillion

Markets: Bitcoin, Ether fall with top 10 cryptos, XRP slumps

Bitcoin fell in Wednesday afternoon trading in Asia along with the top 10 cryptocurrencies by market capitalization, excluding stablecoins, with XRP holders suffering the steepest losses at 3.93%.
South Korean passport and Do Kwon | South Korea indicates fugitive Do Kwon’s passport still valid; his location unknown | do kwon news, do kwon latest news, do kwon interpol

South Korea indicates fugitive Do Kwon’s passport still valid; his location unknown

Kwon has been issued with an Interpol “red notice” requesting his extradition on charges brought by South Korea related to the implosion of the Terra Luna cryptocurrency project he founded
Cyber data and information security idea. Yellow padlock and key and blue keyboard. Computer, information safety, confidentiality concept. Top view, flat lay, mock up

Moola Market DeFi hacker returns US$9 mln in stolen funds for bounty

The perpetrator of the US$9.1 million Moola Market exploit returned close to the entirety of the loot in exchange for an undisclosed ransom on Wednesday, according to the project’s social media update.   See related article: ‘Hacktober’ continues with US$1 mln taken from BitKeep token swap service Fast facts Decentralized finance (DeFi) project Moola Markets announced […]
Aptos logo layered in front of trading graph

Aptos rollout faulted for slow processing speeds; native token plunges

The blockchain network was built by former members of the Meta stablecoin project, with well-known investors and considerable buzz as the new ‘Solana killer.’
crypto bankruptcy Nuri

Crypto bank Nuri to shut down, asks customers to withdraw funds

German crypto bank Nuri (formerly known as Bitwala) has asked customers to withdraw their funds by Dec. 18 so that the “business can be terminated and liquidated.”
EuropeanComission

EU targets Bitcoin with energy efficiency labeling for crypto

This isn’t the first time the bloc has examined cracking down on Bitcoin mining, and it comes amid a growing push from regulators to examine the industry’s carbon footprint.
hacked-computer-binary-number-stream-blurred-conc-2022-08-01-04-12-45-utc

‘Hacktober’ continues with US$1 mln taken from BitKeep token swap service

An unidentified hacker stole over US$1 million in Binance Coin (BNB) tokens from decentralized multi-chain wallet BitKeep’s token swap service on Monday, according to a Tuesday statement by the company. See related article: Crypto hackers on track for bonanza year as theft surges, Chainalysis says Fast facts “Our development team managed to contain the emergency […]
IRS form W-7 Application for IRS individual taxpayer identification number lies on flat lay office table and ready to fill. U.S. Internal revenue services paperwork concept.; new NFT tax

New IRS tax language tweaked to include NFTs

The IRS updated its annual income tax instructions in a Monday draft that does away with the taxable category “virtual currency” and replaces it with the term “digital assets,” which explicitly includes NFTs.

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