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![Markets: Bitcoin, Ether, Polygon gain; US equities see largest gains since June 1 Bitcoins on black background Bitcoin cryptocurrency](https://forkast.news/wp-content/uploads/2022/10/Bitcoin7-1260x840.jpg)
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.
![What is XRP and what is Ripple? 2 XRP Ripple how it works](https://forkast.news/wp-content/uploads/2022/10/ripple-graphic-2-1-1260x709.png)
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 Web3 talent driven away by lack of regulatory clarity, industry body says 3 india crypto web 3.0 blockchain regulation](https://forkast.news/wp-content/uploads/2022/10/india-3-1260x841.jpg)
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.
![Markets: Bitcoin holds above US$19,000 support but top 10 cryptos fall 4 Ripple XRP Bitcoin Ethereum](https://forkast.news/wp-content/uploads/2021/05/Ripple-XRP-Bitcoin-Ethereum.jpg)
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.
![Interpol's global police beat moves to metaverse amid hunt for Terra's Do Kwon 5 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](https://forkast.news/wp-content/uploads/2022/09/red-notice-1260x945.png)
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 […]
![The Lord of the Rings NFT comes with a Web3 AR movie journey in 4K 6 Golden ring between the pages of old book in vintage style, close up, soft focus, The Lord of the Rings, NFT](https://forkast.news/wp-content/uploads/2022/10/LOTR-THING-1260x709.jpg)
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.”
![NFT marketplaces ditching standard royalty fees labeled “short-sighted” 7 Three NFTs from the Solana blockchain ecosystem.](https://forkast.news/wp-content/uploads/2022/10/Solana-1260x709.jpg)
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.
![Software maker Hancom raided amid suspicions over token Arowana, slush fund 8 Hancom Logo | Software maker Hancom raided amid suspicions over token Arowana, slush fund | hancom, hancom arowana](https://forkast.news/wp-content/uploads/2022/10/t89lqzyi1zdw-1260x891.jpeg)
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.
![Ripple lawyer says ‘worth the fight’ as SEC hands over Hinman files in court case 9 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](https://forkast.news/wp-content/uploads/2022/10/ripple-doc-1260x945.png)
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.
![Markets: Bitcoin dips, 30-day volatility at 2 year low; Ether falls, Dogecoin gains 10 Bitcoin](https://forkast.news/wp-content/uploads/2022/10/Crypto-1260x639.jpg)
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 […]
![Sachin Tendulkar joins NFT market Rario’s cricket legends roster 11 cricket NFT sports sachin tendulkar](https://forkast.news/wp-content/uploads/2022/10/sachin-resized-1260x420.png)
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 […]
![Crypto becomes approved financial product in South Africa 12 south africa crypto](https://forkast.news/wp-content/uploads/2022/10/south-africa-1260x840.jpg)
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 […]
![JP Morgan appoints ex-Celsius exec to head crypto regulatory policy 13 JPMorgan sees upside for Bitcoin and crypto amid market downturn](https://forkast.news/wp-content/uploads/2022/05/GettyImages-461398935-1260x840.jpg)
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 […]
![Twitter user prevents 200 billion BitBTC bridge exploit, highlighting major vulnerability 14 Concept of Twitter logo with wings](https://forkast.news/wp-content/uploads/2022/10/Picture1222-1260x709.png)
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.
![South Korea mulls uploading headshots of sex offenders on 3D metaverse 15 man taking off mask in front of digital background | South Korea mulls uploading headshots of sex offenders on 3D metaverse | south korea metaverse](https://forkast.news/wp-content/uploads/2022/10/criminal-1260x945.png)
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 Digital Assets to allow clients to trade Ether 16 Fidelity’s crypto arm wants to add Ethereum trading, plans hiring spree](https://forkast.news/wp-content/uploads/2022/06/GettyImages-77333679-1260x885.jpg)
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 […]
![First Digital Trust says HK, Singapore can join hands on crypto initiatives 17 vincent chok image 1](https://forkast.news/wp-content/uploads/2022/10/vincent-chok-image-1-1260x1683.jpg)
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.
![Japan eases token vetting process to expand crypto offerings: report 18 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](https://forkast.news/wp-content/uploads/2022/10/tokyo-tower-in-the-shiba-koen-district-of-minato-2022-10-06-03-58-02-utc-2-1260x841.jpg)
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 digital asset firm sets up US$50 mln fund to expand mining business amid crypto winter 19 hong kong 2021 08 26 18 13 04 utc](https://forkast.news/wp-content/uploads/2022/12/hong-kong-2021-08-26-18-13-04-utc-1260x841.jpg)
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.
![Terra CEO Do Kwon, wanted in South Korea, left Singapore and flew to parts unknown via Dubai 20 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](https://forkast.news/wp-content/uploads/2022/10/dubai-kwon-1260x945.png)
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.
![Why local language education holds the key to crypto's future 21 close-up shot of the definition of the word language; crypto coins](https://forkast.news/wp-content/uploads/2022/10/Forkast-Opinion-Images-8-1260x710.png)
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.
![Markets: Bitcoin, Ether fall along with rest of crypto top 10; Uniswap gains 22 Bitcoin](https://forkast.news/wp-content/uploads/2022/10/BitcoinMoney2-1260x840.jpg)
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 23 Horizon Worlds fails to lift Meta as users stay away](https://forkast.news/wp-content/uploads/2022/10/Horizon-Worlds-fails-to-lift-Meta-as-users-stay-away-1260x709.png)
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 makes the Guinness World Records list as the first decentralized cryptocurrency 24 Bitcoin](https://forkast.news/wp-content/uploads/2022/10/Bitcoin6-1-1260x841.jpg)
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.”
![Markets: Bitcoin, Ether fall with top 10 cryptos, XRP slumps 25 Coins with bitcoin symbol on red light and crypto stocks chart, Markets: Bitcoin, Ether slide, crypto market cap drops under US$1 trillion](https://forkast.news/wp-content/uploads/2022/09/coins-with-bitcoin-symbol-on-red-light-and-crypto-2022-08-23-15-07-23-utc-1260x709.jpg)
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 Korea indicates fugitive Do Kwon’s passport still valid; his location unknown 26 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](https://forkast.news/wp-content/uploads/2022/10/do-kwon-passport-1-1260x945.png)
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
![Moola Market DeFi hacker returns US$9 mln in stolen funds for bounty 27 Cyber data and information security idea. Yellow padlock and key and blue keyboard. Computer, information safety, confidentiality concept. Top view, flat lay, mock up](https://forkast.news/wp-content/uploads/2022/10/cyber-data-and-information-security-idea-yellow-p-2022-02-07-21-44-11-utc-1260x709.jpg)
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 rollout faulted for slow processing speeds; native token plunges 28 Aptos logo layered in front of trading graph](https://forkast.news/wp-content/uploads/2022/10/Story-1-1260x709.png)
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 bank Nuri to shut down, asks customers to withdraw funds 29 crypto bankruptcy Nuri](https://forkast.news/wp-content/uploads/2022/10/nuri-1260x840.jpg)
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.”
![EU targets Bitcoin with energy efficiency labeling for crypto 30 EuropeanComission](https://forkast.news/wp-content/uploads/2022/10/EUbuilding-1260x853.jpg)
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.
!['Hacktober' continues with US$1 mln taken from BitKeep token swap service 31 hacked-computer-binary-number-stream-blurred-conc-2022-08-01-04-12-45-utc](https://forkast.news/wp-content/uploads/2022/10/hacked-computer-binary-number-stream-blurred-conc-2022-08-01-04-12-45-utc-1260x709.jpg)
‘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 […]
![New IRS tax language tweaked to include NFTs 32 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](https://forkast.news/wp-content/uploads/2022/10/irs-form-w-7-application-for-irs-individual-taxpay-2022-08-01-04-39-11-utc-1260x709.jpg)
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.
![Markets: Bitcoin, Ether fall as EU considers crackdown on energy-intensive crypto mining 33 Bitcoins](https://forkast.news/wp-content/uploads/2022/10/Bitcoin2-1260x840.jpg)
Markets: Bitcoin, Ether fall as EU considers crackdown on energy-intensive crypto mining
Bitcoin and Ether both fell in Wednesday morning trading in Asia amid news the European Union is considering a bill to restrict the mining of energy-intensive cryptocurrencies, such as Bitcoin. Most of the rest of the cryptocurrency top 10 by market capitalization, excluding stablecoins, also declined, with the exception of Polygon. See related article: Bitcoin, […]
![Ripple devs push for Ethereum smart contract compatibility with XRPL sidechain 34 XRP the native cryptocurrency of the XRP Ledger](https://forkast.news/wp-content/uploads/2021/08/XRP-1260x709.jpg)
Ripple devs push for Ethereum smart contract compatibility with XRPL sidechain
The first XRP Ledger (XRPL) Ethereum Virtual Machine (EVM) compatible sidechain has gone live on the parallel test network, XRPL Devnet, Ripple developers announced on Monday.
![Markets: Bitcoin price rises amid sweeping gains across top 10 crypto, Polygon increases 7% 35 Singapore central bank warns against crypto promotion](https://forkast.news/wp-content/uploads/2022/01/kanchanara-fsSGgTBoX9Y-unsplash-1260x838.jpg)
Markets: Bitcoin price rises amid sweeping gains across top 10 crypto, Polygon increases 7%
Markets: Bitcoin price rises amid sweeping gains across top 10 crypto, Polygon increases 7%
![Coinbase mulls lawsuit against users who made millions from pricing error 36 coinbase2](https://forkast.news/wp-content/uploads/2022/06/coinbase2-1260x838.jpg)
Coinbase mulls lawsuit against users who made millions from pricing error
“No finders keepers’ law”: Coinbase considers legal action against some 1,000 users in east Europe’s Georgia who took advantage of a pricing glitch on the platform.
![One country, two systems? Hong Kong seems set to diverge from China on digital assets 37 Flag of China and Hong Kong Waving with blue sky](https://forkast.news/wp-content/uploads/2022/10/flag-of-china-and-hong-kong-waving-with-blue-sky-2022-09-16-03-47-40-utc-1260x709.jpg)
One country, two systems? Hong Kong seems set to diverge from China on digital assets
Hong Kong seems set to put out a new welcome mat for the blockchain and crypto industries, but will it work after concern about regulatory restrictions convinced many cryptocurrency operators to leave?
![CFTC, SEC investigate if bankrupt 3AC misled investors, failed to register business 38 SEC](https://forkast.news/wp-content/uploads/2022/10/SECSEAL-1260x895.jpg)
CFTC, SEC investigate if bankrupt 3AC misled investors, failed to register business
The Commodity Futures Trading Commission and the Securities and Exchange Commission of the U.S. are investigating whether bankrupt crypto hedge fund Three Arrows Capital (3AC) misled investors about its balance sheet and failed to register with the two agencies, according to a Bloomberg report which cites two people familiar with the matter. See related article: […]
![Japan pushes for tougher crypto AML regulations amid N. Korean cyberattacks 39 Japan Prime Minister Fumio Kishida (center front) and cabinet members | Japan pushes for crypto AML regulations amid N. Korean cyberattacks | japan crypto news, japan north korea, north korea crypto hack](https://forkast.news/wp-content/uploads/2022/10/GettyImages-1344777062-1260x903.jpg)
Japan pushes for tougher crypto AML regulations amid N. Korean cyberattacks
The Japanese government approved amendments to existing financial regulations to prevent money laundering utilizing cryptocurrencies and increase penalties on those involved, according to local media reports. See related article: North Korea’s Lazarus Group attacks Japanese crypto firms, police say Fast facts The Cabinet, Japan’s executive body, approved the revisions to laws associated with the country’s […]
![Japanese gaming giant Konami is recruiting for expansion into Web3, metaverse 40 Yu-Gi-Oh! Cross Duel by Konami | Japanese gaming giant Konami seeks new hires for Web3 expansion | konami news, konami web3, japan nft, japan metaverse](https://forkast.news/wp-content/uploads/2022/10/yugioh-cross-duel-1260x663.png)
Japanese gaming giant Konami is recruiting for expansion into Web3, metaverse
Konami Digital Entertainment Co., Ltd., a Tokyo-based video game company, announced a recruitment effort for 13 new positions to integrate its game titles with Web3 and metaverse technologies. See related article: NFTs may be the next killer app for video games, but some traditional players object Fast facts The game developer is planning to launch […]
![The scourge of NFT wash trading — and how not to get suckered in 41 illuminated neon-colored NFT letters](https://forkast.news/wp-content/uploads/2022/10/Forkast-Opinion-Images-7-1260x710.png)
The scourge of NFT wash trading — and how not to get suckered in
What are the different kinds of NFT wash trading, and what are the red flags that a prospective investor should look for? Anndy Lian explains.
![Markets: Bitcoin, Ether rise; Polygon, Solana lead gainers among the top 10 tokens 42 Bitcoin](https://forkast.news/wp-content/uploads/2022/10/Bitcoin11-1260x664.jpg)
Markets: Bitcoin, Ether rise; Polygon, Solana lead gainers among the top 10 tokens
Bitcoin and Ether rose as all top 10 tokens by market capitalization, excluding stablecoins, gained in Tuesday morning trading in Asia. Polygon led the list. Solana followed on news a leading non-fungible token (NFT) marketplace will suspend transaction fees. See related article: Gold commodities market could enter the blockchain, according to new industry initiative Fast […]
![Mastercard to let banks offer crypto services to clients 43 mastercard crypto](https://forkast.news/wp-content/uploads/2022/10/mastercard-1260x840.jpg)
Mastercard to let banks offer crypto services to clients
Global payments company Mastercard intends to enable financial institutions to offer crypto services to customers with its new Crypto Source program. See related article: Binance partners Mastercard to launch card in Argentina for bill payment, everyday purchases Fast facts The program will allow financial institutions to tap into Mastercard’s partners to buy, hold and sell […]
![Gold commodities market could enter the blockchain, according to new industry initiative 44 gold-ingots-2022-08-01-01-10-50-utc](https://forkast.news/wp-content/uploads/2022/10/gold-ingots-2022-08-01-01-10-50-utc-6-1260x709.jpg)
Gold commodities market could enter the blockchain, according to new industry initiative
A partnership between the World Gold Council (WGC) and Swiss-based DLT infrastructure and application provider aXedras Group could make gold trading more accessible and streamlined, though insiders are skeptical, according to a Bloomberg report Sunday. See related article: Diamond Standard raises US$30 mln to ramp up tokenized asset distribution Fast facts The WGC’s initiative “Gold247” […]
![India wants global, tech-driven regulatory framework for crypto 45 India G20 crypto](https://forkast.news/wp-content/uploads/2022/10/FM2-resized.png)
India wants global, tech-driven regulatory framework for crypto
As India prepares to begin its one-year presidency of the Group of 20 (G20) beginning Dec. 1, it will look to work toward a global, tech-driven regulatory framework for cryptocurrency, India’s finance minister Nirmala Sitharaman said. See related article: India’s finance minister calls on G20 to share information on crypto Fast facts “During our engagements, […]
![Markets: Bitcoin inches up, most top 10 cryptos stable after rollercoaster week 46 crypto currency coin isolated on black background](https://forkast.news/wp-content/uploads/2022/08/coins-1260x684.jpg)
Markets: Bitcoin inches up, most top 10 cryptos stable after rollercoaster week
Bitcoin inched up slightly Monday, with the majority of the top 10 cryptocurrencies by market capitalization remaining stable, the only considerable price change coming from XRP’s 3% drop. See related article: South Korea seeks software to track US$7.2B in illegal crypto Fast facts Bitcoin rose 0.83% in the past 24 hours to trade at US$19,296 […]
![Why the crypto bear market can be a bull for innovation 47 bear figurine standing on a financial report](https://forkast.news/wp-content/uploads/2022/10/Forkast-Opinion-Images-5-1260x710.png)
Why the crypto bear market can be a bull for innovation
The market may be in the doldrums, but there’s no better time to clean house and build for the future, writes Clayton Roche of UMA. Here are 5 areas of opportunity.
![Magic Eden, largest Solana-based NFT platform, makes royalty fees optional 48 Magic Eden](https://forkast.news/wp-content/uploads/2022/10/MagicEden-1260x709.jpg)
Magic Eden, largest Solana-based NFT platform, makes royalty fees optional
The platform said the move was in line with growing market trends, but some are concerned about what it means for the industry.
![Meta’s flagship metaverse said to fall short of performance expectations 49 meta's Horizon Worlds | Meta’s flagship metaverse said to fall short of performance expectations | horizon worlds, meta metaverse, mark zuckerberg](https://forkast.news/wp-content/uploads/2022/10/Embracing-Change-Through-Inclusion_-Metas-2022-Diversity-Report_Header-1260x709.webp)
Meta’s flagship metaverse said to fall short of performance expectations
Meta Platforms Inc.’s internal documents show the company’s metaverse platform Horizon Worlds is underperforming in terms of attracting and maintaining users, the Wall Street Journal (WSJ) reported Saturday. See related article: Meta’s attempts at building a metaverse will ‘misfire’: Vitalik Buterin Fast facts Meta’s initial goal was to gather 500,000 monthly active users (MAU) on […]
![Macau is betting on digital currency, CBDC as legal tender 50 Macau flag layered above Chinese flag to represent deal in CBDC](https://forkast.news/wp-content/uploads/2022/10/Macau-Digital-deal-in-1260x709.png)
Macau is betting on digital currency, CBDC as legal tender
The city of Macau, a special administrative region of China and home to a thriving casino industry, is seeking to grant digital currency status as legal tender, the Executive Council of Macau announced on Friday. See related article: Macao needs China’s heft in tech to introduce CBDC, official says Fast facts See related article: Macao […]
![North Korea’s Lazarus Group attacks Japanese crypto firms, police say 51 binary numbers and hacked | North Korea’s Lazarus Group attacks Japanese crypto firms, police say | north korea lazarus group, north korea crypto hack, japan crypto](https://forkast.news/wp-content/uploads/2022/10/hacked-computer-binary-number-stream-blurred-conc-2022-08-01-04-12-34-utc-1260x840.jpg)
North Korea’s Lazarus Group attacks Japanese crypto firms, police say
North Korea-backed hacker group Lazarus has been sending phishing emails to Japanese crypto exchange employees to infect their computers with malware, causing some companies to have their systems hacked and cryptocurrencies stolen, Japan’s National Police Agency announced last week. See related article: DPRK hackers sneak US$52 mln in crypto into S.Korean exchanges: Chainalysis Fast facts […]
![Markets: Bitcoin rises as Ether leads gains in crypto top 10 52 Bitcoin](https://forkast.news/wp-content/uploads/2022/10/Bitcoin3-1260x840.jpg)
Markets: Bitcoin rises as Ether leads gains in crypto top 10
Bitcoin and Ether were trading higher along with top 10 tokens by market capitalization excluding stablecoins in Monday morning trading in Asia, as the world’s largest cryptocurrency remained above US$19,000. XRP was the only token on that list to fall. See related article: Ethereum supply would have grown by 350,000 tokens under PoW Fast facts […]
![Ethereum supply would have grown by 350,000 tokens under PoW 53 Ether Golden](https://forkast.news/wp-content/uploads/2022/09/Ether_golden-1260x840.jpg)
Ethereum supply would have grown by 350,000 tokens under PoW
A recent token launch on Ethereum pushed the network into a deflationary state and the blockchain’s shift to PoS may lower supply even further.
![Markets: Bitcoin, Ether rise along with all top 10 crypto as inflation sell-off turns bullish 54 BTC Bitcoin and XRP Ripple Coins Between Casino Chips. Entertainment and Modern Blockchain Payments Concept.](https://forkast.news/wp-content/uploads/2022/09/golden-btc-bitcoin-and-xrp-ripple-coins-2021-09-02-05-09-33-utc-1-1260x833.jpeg)
Markets: Bitcoin, Ether rise along with all top 10 crypto as inflation sell-off turns bullish
Bitcoin rose in Friday evening trading in Asia to jump past its US$19,000 support line, with Ether and all other top 10 cryptocurrencies by market capitalization gaining, led by XRP. See related article: Ethereum price undervalued since The Merge: report Fast facts Bitcoin gained 3.33% in the past 24 hours to trade at US$19,647 at […]
![Crypto hackers on track for bonanza year as theft surges, Chainalysis says 55 CPU vulnerability. 3D render. hacked processor concept](https://forkast.news/wp-content/uploads/2022/10/cpu-vulnerability-3d-render-hacked-processor-con-2021-09-04-04-07-09-utc-1260x709.jpg)
Crypto hackers on track for bonanza year as theft surges, Chainalysis says
Decentralized finance sites are the preferred choice of hackers as crypto heists look to be on course to hit a record high this year.
![South Korea seeks software to track US$7.2B in illegal crypto 56 Team of Computer hackers coding on keyboard hidden in illegal hideout full of monitors | South Korea seeks software to track US$7.2B in illegal crypto | south korea crypto, crypto news, south korea news](https://forkast.news/wp-content/uploads/2022/10/team-of-computer-hackers-coding-on-keyboard-hidden-2022-05-08-22-14-50-utc-1260x840.jpg)
South Korea seeks software to track US$7.2B in illegal crypto
South Korea’s Supreme Prosecutors’ Office is looking to hunt down illegal crypto funds by purchasing a software program that tracks down crypto transactions and sources, a local media outlet reported Friday. See related article: DPRK hackers sneak US$52 mln in crypto into S.Korean exchanges: Chainalysis Fast facts The tracking program is expected to be used […]
![The evidence is in: Chinese courts use judicial blockchain platform to store data 57 微信截图 20220526131510](https://forkast.news/wp-content/uploads/2022/05/微信截图_20220526131510-1260x709.png)
The evidence is in: Chinese courts use judicial blockchain platform to store data
China’s judicial blockchain platform has stored more than 2.6 billion pieces of evidence, a Supreme People’s Court spokesman said at a press conference on Thursday, according to a report by the local media Legal Daily. See related article: China has seen blockchain’s future and it doesn’t include cryptocurrencies Fast facts See related article: How blockchain […]
![Tether says it slashed all commercial paper, replaced with US Treasury bills 58 Nearly half of Tether reserves are now in US Treasury bills](https://forkast.news/wp-content/uploads/2022/05/drawkit-illustrations-5xlHjrzQO54-unsplash-1-1260x709.jpg)
Tether says it slashed all commercial paper, replaced with US Treasury bills
Tether, issuer of the world’s largest stablecoin, said in a blog post it has cut its commercial paper holdings to zero and replaced them with U.S. Treasury bills. See related article: Are stablecoins like Tether ready for regulatory scrutiny? Fast facts See related article: SEC fines former Tether auditor over accounting malpractice
![Bitcoin fans pitch Satoshi Nakamoto for Nobel Prize in Economics 59 Bitcoin](https://forkast.news/wp-content/uploads/2022/10/bitcoinnew-1260x840.jpg)
Bitcoin fans pitch Satoshi Nakamoto for Nobel Prize in Economics
Bitcoin advocates have once again launched their annual campaign to have Satoshi Nakamoto — the pseudonymous creator/s of Bitcoin — named as the recipient of the Nobel Prize in Economic Sciences. See related article: What’s next for Binance after $100 million BNB hack? Fast facts On Oct. 10, the Royal Swedish Academy of Sciences awarded […]
![Markets: Bitcoin rebounds with equities after inflation data sparks initial sell off 60 Bitcoin](https://forkast.news/wp-content/uploads/2022/10/Bitcoin-1-1260x841.jpg)
Markets: Bitcoin rebounds with equities after inflation data sparks initial sell off
Bitcoin traded back above US$19,000 in Friday morning trading in Asia, rebounding with U.S. equities from a sharp drop that followed a September inflation reading in the U.S. Consumer Price Index (CPI) report on Thursday that was higher than expected. BNB and memecoin Shiba Inu were two other tokens among the top 10 by market […]
![Bitcoin drops 3% as U.S. inflation rises 0.4% in September 61 US CPI FED crypto](https://forkast.news/wp-content/uploads/2022/10/USD-1260x840.jpg)
Bitcoin drops 3% as U.S. inflation rises 0.4% in September
Bitcoin dropped 3% after the U.S. Bureau of Labor Statistics (BLS) reported that the consumer price index (CPI), a key inflation indicator, rose 0.4% in September from August. See related article: Fed’s inflation fight batters crypto market as pressure mounts Fast facts The largest cryptocurrency by market capitalization traded at US$18,432 at 10:30 p.m. Hong […]
![Ethereum price undervalued since The Merge: report 62 A man's hand holds an etherium coin at a computer table, Markets: Etherium Merge complete, ETH and linked tokens lift market](https://forkast.news/wp-content/uploads/2022/09/crypto-coins-and-money-on-the-desktop-2022-01-29-08-04-59-utc-1260x709.jpg)
Ethereum price undervalued since The Merge: report
Nearly half of 55 fintech and crypto experts believe Ethereum has been underpriced since the network became a proof-of-stake blockchain through “The Merge” upgrade last month, according to a recent report from financial service firm Finder. See related article: Why YOU should back Ethereum’s Fork Fast facts While 46% of the surveyed panelists said Ether […]
![India police launches blockchain-based complaint portal on Polygon 63 india blockchain polygon](https://forkast.news/wp-content/uploads/2022/10/india0-resized-1260x626.png)
India police launches blockchain-based complaint portal on Polygon
The Indian police unit in Firozabad city in the northern state of Uttar Pradesh has launched an online complaint portal powered by Ethereum scaler Polygon. See related article: Blockchain in India got off on wrong foot, says former finance chief Fast facts The pilot portal, policecomplaintonblockchain.in, leverages blockchain technology’s immutability, which means complaints cannot be […]
![Markets: Bitcoin holds $19,000 (just); Cardano, XRP lead losses among top 10 crypto 64 Ethereum and Bitcoin gold tokens](https://forkast.news/wp-content/uploads/2022/09/ethereum-and-bitcoin-2021-08-26-23-03-01-utc-1260x841.jpg)
Markets: Bitcoin holds $19,000 (just); Cardano, XRP lead losses among top 10 crypto
Bitcoin dipped but just held the US$19,000 support line in Thursday evening trading in Asia. Excluding stablecoins, all other cryptocurrencies on the top 10 list by market capitalization fell. Cardano led the declines. See related articles: Judge grants amicus requests to support Ripple in lawsuit with SEC Fast facts Bitcoin fell 0.52% in the past […]
![Crypto.com to invest US$145 mln in France as base for European operations 65 Picture of Eifel tower in Paris, France, Crypto.com's new regional headquarters](https://forkast.news/wp-content/uploads/2022/10/paris-1260x841.jpg)
Crypto.com to invest US$145 mln in France as base for European operations
Crypto.com said on Wednesday that the exchange will invest €150 million (US$145.5 million) in France to set up a European headquarters in Paris and expand operations in the region. See related article: Crypto.com enters South Korea market with two local startup acquisitions Fast facts The Singapore-based exchange said it will focus on compliance, business development […]
![India’s crypto taxes provide headache for many, opportunity for some 66 india tax crypto](https://forkast.news/wp-content/uploads/2022/10/tax4-1260x709.png)
India’s crypto taxes provide headache for many, opportunity for some
One company says it’s bringing solutions for confused investors in digital assets in India who grapple with hours of tax calculations.
![Tianjin boosts electricity rates to further punish underground crypto mining 67 mining](https://forkast.news/wp-content/uploads/2021/12/mining.png)
Tianjin boosts electricity rates to further punish underground crypto mining
Tianjin is the latest Chinese city to announce higher differential electricity rates in an effort to further discourage energy-intensive cryptocurrency mining, which the country banned in September 2021 but continues to exist in some pockets. See related article: Beijing banned crypto mining, so China miners went underground Fast facts See related article: China takes aim […]
!['High risk' crypto activity most prevalent in Eastern Europe amid Russia-Ukraine war: Chainalysis 68 Old map of central europe, with war threats to ukraine by russia](https://forkast.news/wp-content/uploads/2022/10/old-map-of-central-europe-with-war-threats-to-ukr-2022-05-01-23-35-04-utc-1260x709.jpg)
‘High risk’ crypto activity most prevalent in Eastern Europe amid Russia-Ukraine war: Chainalysis
‘Risky or illicit’ transactions represent the highest rate of any region measured by the blockchain analytics firm.
![Coin Center files lawsuit over Tornado Cash sanctions, defends crypto privacy rights 69 Tornado](https://forkast.news/wp-content/uploads/2022/10/Tornado2-1260x945.jpg)
Coin Center files lawsuit over Tornado Cash sanctions, defends crypto privacy rights
Coin Center, a non-profit think tank on cryptocurrencies and public policy, announced Wednesday it was filing a lawsuit against the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC), alleging the agency overreached its authority when it sanctioned cryptocurrency mixer Tornado Cash in August. See related article: What is the future for cryptocurrency mixers after […]
![China digital currency transaction volume soars to nearly US$14B 70 Chinese RMB banknote](https://forkast.news/wp-content/uploads/2021/09/chinese-rmb-banknote-L2DM78Q-1260x664.jpg)
China digital currency transaction volume soars to nearly US$14B
China’s central bank digital currency (CBDC) has reached 100 billion yuan (US$13.9 billion) in transactions as of Aug. 31, 2022, the People’s Bank of China said via a verified WeChat account. See related article: Digital yuan tops US$12B transactions in 2022 so far Fast facts See related article: China to speed up, expand digital yuan […]