Archives
![Markets: Bitcoin, Ether edge up; Cardano, Solana lead gains in crypto top 10 1 Bitcoin and money](https://forkast.news/wp-content/uploads/2022/09/Bitcoinmoney-1260x840.jpg)
Markets: Bitcoin, Ether edge up; Cardano, Solana lead gains in crypto top 10
Bitcoin rose slightly in Monday morning trading in Asia, but the world’s largest cryptocurrency was trading below the key resistance line of US$20,000 after falling below that mark on Saturday. Ether edged up, along with Cardano and Solana, while most other tokens in the top 10 by market capitalization were little changed. See related article: […]
![Bitcoin gains as US unemployment rate rises to 3.7%, indicates inflation slowing 2 US unemployment](https://forkast.news/wp-content/uploads/2022/09/bitcoin-1260x840.jpg)
Bitcoin gains as US unemployment rate rises to 3.7%, indicates inflation slowing
Bitcoin gained almost 2% on Friday evening in Asia after the U.S. Bureau of Labor Statistics reported that the unemployment rate in August rose to 3.7% from 3.5% in July. The figures suggest the U.S. economy is slowing, which may influence the Federal Reserve when it meets this month to decide on raising interest rates. […]
![Thailand mandates warnings on crypto ads 3 thai sec](https://forkast.news/wp-content/uploads/2022/09/bangkok2-1260x786.jpg)
Thailand mandates warnings on crypto ads
Cryptocurrency advertisements in Thailand must indicate potential risks of investing in the nascent asset class, the nation’s Securities and Exchange Commission (SEC) said in a statement on Thursday. See related article: Singapore central bank warns against crypto marketing, promotion Fast facts Crypto businesses in the Southeast Asian nation must report all details of advertisements and […]
![ENS provider reports third-highest monthly revenue, ahead of “The Merge” 4 ENS - ethereum name service](https://forkast.news/wp-content/uploads/2021/12/ethereum-name-service-ens-logo-vector-1.png)
ENS provider reports third-highest monthly revenue, ahead of “The Merge”
Ethereum Name Service (ENS) reported its third-highest month of revenue in August, with 301,000 new “.eth” registrations, totaling 2.17 million names, according to a post on its verified Twitter handle. See related article: ENS domain name expires as developer is in prison, becomes up for grabs in Sept. Fast facts ENS generated 2,744 ETH, currently […]
![IMF looks to build platform for cross-border CBDC transactions 5 IMF](https://forkast.news/wp-content/uploads/2021/07/FF_IMF-1260x840.jpg)
IMF looks to build platform for cross-border CBDC transactions
The director and division chief of IMF’s Monetary and Capital Markets Department will soon publish a paper laying out a blueprint for a platform to support CBDC clearing and settlement transactions between multiple countries. See related article: Inter-country use key for CBDCs to reach potential: report Fast facts See related article: US Digital Dollar Project […]
![Markets: Bitcoin, Ether, Cardano, Doge gain; Celsius token jumps amid refund reports 6 Celsius logo in front of market price graph | Markets: Bitcoin, Ether, Cardano, Doge gain; Celsius token jumps amid refund reports | celsius price, celsius token, CEL price, bitcoin news, ether price, cardano price, bitcoin news](https://forkast.news/wp-content/uploads/2022/09/celsius-1260x945.png)
Markets: Bitcoin, Ether, Cardano, Doge gain; Celsius token jumps amid refund reports
Bitcoin edged above the US$20,000 mark, the price it fluctuated around all week, while Ether rose more than 3% in late afternoon trading in Asia on Friday. Cardano, Dogecoin and Solana all added more than 2%. Celsius rallied over 34% in the past 24 hours. See related article: Bitcoin fluctuates, Ether gains, MATIC jumps on […]
![CFTC, SEC seek input on hedge fund crypto reporting rules 7 SEC CFTC US](https://forkast.news/wp-content/uploads/2022/09/US-1260x840.jpg)
CFTC, SEC seek input on hedge fund crypto reporting rules
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have jointly sought public comments to amend crypto rules for large hedge funds advisers. See related article: New US crypto bill seeks to make CFTC top Bitcoin, Ethereum watchdog Fast facts The CFTC and SEC are jointly proposing to amend the rules […]
![Do I really need another picture of an ape? NFT market slumps in August 8 Images from some of the most popular NFT collections, side by side](https://forkast.news/wp-content/uploads/2022/09/NFTAUgust-1260x709.jpg)
Do I really need another picture of an ape? NFT market slumps in August
The NFT hype from earlier in the year is dying off as the market continues its downward path into the final third of the year. Fire sale coming for apes and cats?
![Hong Kong hosts Digital Asset Series seminars for mass literacy 9 education seminar asia hong kong](https://forkast.news/wp-content/uploads/2022/09/DAS-1260x420.jpg)
Hong Kong hosts Digital Asset Series seminars for mass literacy
Hong Kong is hosting the Digital Asset Series (DAS) educational seminars, which started in August to continue into November this year. See related article: Why children around the world need crypto education Fast facts The free educational seminars will be delivered by industry experts, legal professionals, regulators and scholars from the finance-technology (fintech) sector, according […]
![Chinese central bank should issue RMB stablecoin for metaverse: academic 10 image1](https://forkast.news/wp-content/uploads/2022/09/image1-1260x709.png)
Chinese central bank should issue RMB stablecoin for metaverse: academic
China should issue a digital yuan-collateral stablecoin to establish an on-chain payment system for China’s metaverse, as the infrastructure developed by China itself is the key to ensuring national security, said influential academic Zhang Ping of the Chinese Academy of Engineering, an institution providing policy consultation to the Chinese State Council. See related article: Naver’s […]
![Naver’s Zepeto metaverse teams with Thailand’s telecom giant True 11 Officials of Zepeto and True stand on stage with virtual avatars | Naver’s Zepeto metaverse teams with Thailand’s telecom giant True | naver z, zepeto metaverse, zepeto true, zepeto blackpink, zepeto thailand](https://forkast.news/wp-content/uploads/2022/09/naver-true-1260x709.png)
Naver’s Zepeto metaverse teams with Thailand’s telecom giant True
Naver Z, the operator of South Korea-based Zepeto metaverse, has signed a memorandum of understanding (MOU) with Thai telecommunications and digital services provider True Corporation to grow Thailand’s metaverse ecosystem. See related article: Naver’s Zepeto metaverse starts blockchain initiative with Solana Fast facts Utilizing Zepeto as a platform, True will provide future-oriented, online-to-offline experience that […]
![Binance chief Changpeng Zhao reiterates Binance not a Chinese company 12 Binance CEO Changpeng Zhao](https://forkast.news/wp-content/uploads/2022/09/cz-1260x627.jpg)
Binance chief Changpeng Zhao reiterates Binance not a Chinese company
Binance founder and CEO Changpeng Zhao reiterated that Binance is not a Chinese company and it “was never incorporated in China,” as the country continues to ban cryptocurrency trading. See related article: Binance to help S. Korea’s Busan build first city-backed exchange Fast facts In a blog post published on Thursday, Zhao wrote that the […]
![Binance says it complies with regulators following US anti-money laundering probe report 13 Binance logo seen through magnifying glass](https://forkast.news/wp-content/uploads/2022/09/Binance.jpg)
Binance says it complies with regulators following US anti-money laundering probe report
Binance, the world’s largest cryptocurrency exchange by trading volume, said it has worked with regulatory agencies from around the world to address outstanding compliance questions, following a Reuters report that U.S. federal prosecutors asked the exchange to offer internal records involving founder and CEO Changpeng Zhao for anti-money laundering checks in late 2020. See related […]
![Crypto lender Celsius to return US$50 mln to locked out users 14 Alex Mashinsky, founder and CEO of Celsius Network | Crypto lender Celsius to return US$50 mln to locked out users | celsius network, celsius bankruptcy, celsius $50 million, celsius earn, alex mashinsky](https://forkast.news/wp-content/uploads/2022/09/alex-mashinsky-1260x822.png)
Crypto lender Celsius to return US$50 mln to locked out users
Celsius Network Ltd., which has filed for Chapter 11 bankruptcy, has filed a motion to return around US$50 million worth of tokens to a portion of holders as these funds are not part of the bankruptcy estate, unlike funds from Earn and Borrow clients. The hearing on the filing will take place on Oct. 6. […]
![Bitcoin fluctuates, Ether gains, MATIC jumps on Robinhood inclusion 15 Bitcoin](https://forkast.news/wp-content/uploads/2022/09/bitcoinnew-1260x840.jpg)
Bitcoin fluctuates, Ether gains, MATIC jumps on Robinhood inclusion
Bitcoin was fluctuating around US$20,000, while Ether was among the biggest gainers in the cryptocurrency top 10 by market capitalization in early Friday morning trading in Asia. Most other tokens on the list were little changed, though Cardano rose. See related article: Markets: Bitcoin, Ether, Cardano slip; remnants of Terra – USTC and LUNC – […]
![BABL tanks 92% after Babylon Finance announces shut down 16 babylon](https://forkast.news/wp-content/uploads/2022/09/defi-1260x840.jpg)
BABL tanks 92% after Babylon Finance announces shut down
BABL, the native cryptocurrency of Babylon Finance, has lost 92% of its value after the decentralized finance (DeFi) asset management protocol’s founder Ramon Recuero on Wednesday announced plans to shut down its services. See related article: Chainalysis says $2 bln stolen in cross-chain bridge hacks this year, more expected Fast facts The token was trading […]
![Director at China’s Securities Regulatory Commission deep-dives into Web 3.0 in new book, a year after China’s crypto ban 17 web 3](https://forkast.news/wp-content/uploads/2022/09/web-3-1260x658.png)
Director at China’s Securities Regulatory Commission deep-dives into Web 3.0 in new book, a year after China’s crypto ban
Nearly a year after China banned crypto trading and mining, the director of the Technology Supervision Bureau at Chinaøs Securities Regulatory Commission has published a book discussing Web 3.0 and blockchain technology. See related article: Shanghai turns to metaverse, NFTs to counter lockdown economic fallout Fast facts Yao Qian’s book “Web 3.0: Changes and Challenges […]
![South Korea’s taxman keeps circling crypto – airdrops look to be the next target 18 Gold Bitcoin over Seoul night skyline | South Korea’s taxman keeps circling crypto – airdrops look to be the next target | south korea crypto tax, south korea tax evasion, crypto airdrop tax, crypto tax evasion](https://forkast.news/wp-content/uploads/2022/09/soul-bitcoin-1260x945.png)
South Korea’s taxman keeps circling crypto – airdrops look to be the next target
South Korea last week said crypto token airdrops are subject to a gift tax of as much as 50% under existing laws, but what is the likelihood this rule can be applied to digital holdings?
![Markets: Bitcoin, Ether, Cardano slip; remnants of Terra - USTC and LUNC - jump 19 Macro photo of bitcoin cryptocurrency in the dark | Market: Bitcoin, Ether and Cardano slip; remnants of Terra - USTC and LUNC - jump | bitcoin market, bitcoin price, ether price, cardano price, terra-luna, USTC, LUNC](https://forkast.news/wp-content/uploads/2022/09/macro-photo-of-bitcoin-cryptocurrency-in-the-dark-2021-12-09-11-16-25-utc-1-1260x840.jpg)
Markets: Bitcoin, Ether, Cardano slip; remnants of Terra – USTC and LUNC – jump
Bitcoin slid back down under the US$20,000 mark late afternoon in Asia, with the rest of the top 10 tokens by market capitalization turning lower. Terra’s fallen cryptocurrency surged, likely due to LUNA Classic’s recent network upgrade. See related article: Markets: Bitcoin edges up; U.S. stocks, bonds post worst returns in 5 decades Fast facts […]
![Why Ethereum PoW fork gains some crypto exchange backings 20 ethereum 3](https://forkast.news/wp-content/uploads/2022/08/ethereum-3-1260x840.jpg)
Why Ethereum PoW fork gains some crypto exchange backings
Amid uncertainty over Ethereum ‘Merge,’ some seek ways to potentially profit
![Indonesia to launch crypto stock exchange at end-2022 21 Indonesia crypto](https://forkast.news/wp-content/uploads/2022/09/Indonesia-1260x840.jpg)
Indonesia to launch crypto stock exchange at end-2022
Indonesia will launch a crypto stock market by the end of this year, said the country’s deputy trade minister Jerry Sambuaga, according to a media report. See related article: Indonesia’s biggest tech firm buys local crypto exchange Fast facts The Southeast Asian nation had earlier announced a 2021 launch but revised it to the first […]
![Bybit to work with Circle to offer USDC spot pairs 22 Bybit logo, CIrcle logo](https://forkast.news/wp-content/uploads/2022/09/bybit.jpg)
Bybit to work with Circle to offer USDC spot pairs
Singapore-headquartered crypto derivatives exchange Bybit is partnering with Circle, the issuer of stablecoin USD Coin (USDC), to offer USDC spot pairs. See related article: Bybit to cut up to 30% of its workforce Fast facts Bybit said on Thursday it will offer Circle’s services to its users by expanding its USDC spot pair listings to […]
![MicroStrategy and Michael Saylor sued by District of Columbia for evading taxes 23 Michael Saylor](https://forkast.news/wp-content/uploads/2022/09/MichaelSaylor2-1260x840.jpg)
MicroStrategy and Michael Saylor sued by District of Columbia for evading taxes
The software enterprise company is accused of helping Saylor misstate his residential address to avoid paying taxes in a district where residents pay the most in federal taxes per capita.
![US Digital Dollar Project to work with Ripple on CBDC technical sandbox 24 Background of new 100 U.S. dollars banknotes](https://forkast.news/wp-content/uploads/2022/09/dollar-1260x700.jpg)
US Digital Dollar Project to work with Ripple on CBDC technical sandbox
The U.S.-based Digital Dollar Project said it will work with Ripple and a few other digital asset firms to launch a technical sandbox program to further study a U.S. central bank digital currency (CBDC). See related article: CBDCs better poised for cross-border payments than Bitcoin, stablecoins: ECB study Fast facts The non-profit initiative announced on […]
![LG Electronics to launch Hedera-based crypto wallet 25 LG logo | LG Electronics to launch Hedera-based crypto wallet | lg electronics, lg crypto wallet, lg wallypto, lg samsung](https://forkast.news/wp-content/uploads/2022/09/lg-logo-1260x945.png)
LG Electronics to launch Hedera-based crypto wallet
South Korea-based LG Electronics is reportedly preparing to release its first crypto wallet application named “Wallypto” in the third quarter of 2022. See related article: S. Korea’s Danal, LG CNS to build ‘one-for-all’ Web3 payments platform Fast facts LG Electronics has been running a beta test of the application with developers since August and is […]
![How did Big Tech gain such power over our data, and how do we take it back? 26 Logos of multiple big technology companies being magnetized by a 3D man](https://forkast.news/wp-content/uploads/2022/08/Forkast-Opinion-Images-8-1260x710.png)
How did Big Tech gain such power over our data, and how do we take it back?
Google earns hundreds of billions annually by monetizing its users. Can blockchain return meaningful control over personal data back to the people?
![Markets: Bitcoin edges up; U.S. stocks, bonds post worst returns in 5 decades 27 BitcoinMoney](https://forkast.news/wp-content/uploads/2022/09/BitcoinMoney2-1260x840.jpg)
Markets: Bitcoin edges up; U.S. stocks, bonds post worst returns in 5 decades
Bitcoin and Ether made up some ground, with most other tokens in the crypto top 10 little changed in early Thursday morning trading in Asia. Bitcoin traded back above US$20,000 after falling through that resistance level overnight. Global macroeconomic headwinds continue to drag on both crypto and capital markets. See related article: Markets: Bitcoin trades […]
![Ukraine National Police takes down crypto fraud cybercrime group 28 US Justice Dept. seizes US$500K from North Korea-backed hackers](https://forkast.news/wp-content/uploads/2022/07/cyber-terrorist-in-computer-room-2021-09-24-03-53-17-utc-1260x840.jpg)
Ukraine National Police takes down crypto fraud cybercrime group
The National Police of Ukraine (NPU) said on Tuesday it took down a network of call centers targeting Ukrainian and European Union citizens, who have already been duped by crypto scams. See related article: Ukraine seizes funds from crypto wallet funding Russian forces Fast facts According to NPU’s official announcement, the cybercrime network was disguised […]
![Fed’s inflation fight batters crypto market as pressure mounts 29 Fed’s inflation fight batters crypto market as pressure mounts](https://forkast.news/wp-content/uploads/2022/08/Feds-inflation-fight-batters-crypto-market-as-pressure-mounts.png)
Fed’s inflation fight batters crypto market as pressure mounts
Top blockchain and crypto news: Is crypto in for a long cold spell? Ava Labs lashes out at CryptoLeaks claims. China eyes blockchain power trading.
![Ethereum’s Vitalik Buterin to release book on proof of stake 30 Vitalik Buterin](https://forkast.news/wp-content/uploads/2022/07/Buterin-1260x840.jpg)
Ethereum’s Vitalik Buterin to release book on proof of stake
Vitalik Buterin will release a book on proof-of-stake consensus on Sept. 27, compiling various writings by the Ethereum founder over the last 10 years, according to his recent Twitter post. See related article: Vitalik Buterin says he used Tornado Cash to donate to Ukraine Fast facts The book, titled “Proof of Stake, The Making of […]
![Markets: Bitcoin trades above US$20,000, Ether slides, Cardano gains 31 Crypto currency gold bitcoin on the computer keyboard](https://forkast.news/wp-content/uploads/2022/08/btc-6.jpg)
Markets: Bitcoin trades above US$20,000, Ether slides, Cardano gains
Bitcoin held on to the US$20,000 mark, but was trending weaker in late Wednesday afternoon trading in Asia. Ether was also moving lower, along with most other top 10 coins by market capitalization. Cardano was the standout on the list with a marginal gain. See related article: Markets: Bitcoin dips back below US$20,000, Ether falls […]
![Asia crypto advocates look beyond English to promote digital assets 32 education crypto](https://forkast.news/wp-content/uploads/2022/08/education-1260x839.jpg)
Asia crypto advocates look beyond English to promote digital assets
Cryptocurrency advocates and exchanges in Asia say they are teaching the ins and outs of digital assets and blockchain in regional languages to help promote crypto investments and protect people against scams. See related article: Crypto is based on the greater fool theory: Philippines’ incoming central bank chief Fast facts Philippine crypto exchange Coins.ph, which […]
![Bitcoin mining difficulty at its second highest on record, rises over 9% 33 Golden Bitcoin money on computer](https://forkast.news/wp-content/uploads/2022/08/mining-2.jpg)
Bitcoin mining difficulty at its second highest on record, rises over 9%
Bitcoin mining difficulty rose by 9.3% on Wednesday, marking the biggest jump since January and the second highest level on record, according to data from BTC.com. See related article: Chinese mining rig maker Canaan says global expansion on track despite ‘crypto winter’ Fast facts The mining difficulty reading was at 30.98 trillion, as of block […]
![Tether pushes back at WSJ doubts on its reserves 34 Tether](https://forkast.news/wp-content/uploads/2021/08/FF_Tether-1260x802.jpg)
Tether pushes back at WSJ doubts on its reserves
In response to the Wall Street Journal alleging that Tether’s USDT stablecoin is not adequately backed by reserves, Tether called the report a series of “unsubstantiated conclusions” that tried to “discredit Tether’s work on transparent and honest communications to the public.” See related article: Should Tether’s shrinking cash reserves be cause for investor worry? Fast […]
![Crypto.com refunded user US$7 million instead of US$68 – took 7 months to realize 35 Victoria Supreme Court](https://forkast.news/wp-content/uploads/2022/08/VicBit-1260x709.jpg)
Crypto.com refunded user US$7 million instead of US$68 – took 7 months to realize
Singapore-based cryptocurrency exchange Crypto.com in May 2021 transferred AU$10.4 million (US$7.15 million) to an Australian woman instead of an intended refund of AU$100 (US$68), and took seven months to recognize the mistake, the Herald Sun newspaper reported. See related article: Bitcoin sent by mistake, recipient will not be punished for keeping it: South Korea ruling […]
![The X-to-Earn model: Eat, sleep, do almost anything and get paid in crypto 36 Running Bitcoin](https://forkast.news/wp-content/uploads/2022/08/BitcoinRun-1260x709.jpg)
The X-to-Earn model: Eat, sleep, do almost anything and get paid in crypto
Are you a good runner? Or eater? Or sleeper? Chances are whatever you’re good at, there’s a Web3 project out there to reward you in crypto. But do the tokenomics stack up?
![South Korea’s capital city launches first stage of “Metaverse Seoul” 37 Screenshots of "Metaverse Seoul" | South Korea’s capital city launches first stage of “Metaverse Seoul” | south korea metaverse, metaverse seoul, seoul city metaverse](https://forkast.news/wp-content/uploads/2022/08/seoul-metaverse-1260x895.png)
South Korea’s capital city launches first stage of “Metaverse Seoul”
Seoul is launching a closed test run of the first stage of its metaverse project on Wednesday. See related article: South Korea wants to be the physical home of the metaverse Fast facts The test run will feature the virtual reconstruction of Seoul city hall and the Seoul Plaza, where participants can participate in interactive […]
![FTX agrees to help South Korea’s Busan build its own crypto exchange 38 Amy Wu, Head of Ventures and Gaming at FTX (left), Busan city mayor Park Heong-joon (right) | FTX agrees to help South Korea’s Busan build its own crypto exchange | ftx news, ftx south korea, amy wu ftx, binance](https://forkast.news/wp-content/uploads/2022/08/amy-wu-busan-1260x840.jpg)
FTX agrees to help South Korea’s Busan build its own crypto exchange
Busan, South Korea’s second most populous city, Tuesday signed a memorandum of understanding (MOU) with global cryptocurrency exchange FTX to help develop a digital asset exchange. See related article: Binance to help S. Korea’s Busan build first city-backed exchange Fast facts FTX will provide technical and infrastructure assistance to Busan city in establishing the digital […]
![Markets: Bitcoin dips back below US$20,000, Ether falls in boxed-in crypto market 39 Bitcoin and Money](https://forkast.news/wp-content/uploads/2022/08/Bitcoin1-1-1260x841.jpg)
Markets: Bitcoin dips back below US$20,000, Ether falls in boxed-in crypto market
Bitcoin fell back below US$20,000 after moving above that resistance line on Tuesday, while Ether also lost ground in early morning trading in Asia on Wednesday amid signs broader macroeconomic concerns are keeping a lid on cryptocurrency markets. See related article: Markets: Bitcoin holds gains; Ether, Avalanche surge; Solana jumps Fast facts Bitcoin fell 2.5% […]
![Indonesia’s biggest tech firm buys local crypto exchange 40 Indonesia](https://forkast.news/wp-content/uploads/2022/08/indonesia-5-1260x840.jpg)
Indonesia’s biggest tech firm buys local crypto exchange
Indonesia’s biggest tech firm GoTo Gojek Tokopedia (GOTO) has forayed into the cryptocurrency market with the purchase of local crypto exchange Kripto Maksima Koin for US$8.38 million. See related article: Indonesia’s wholesale CBDC to be ready for bank use by year end: report Fast facts GoTo has acquired 100% of Kripto Maksima Koin shares for […]
![Temasek to lead US$100M funding round in Animoca Brands: report 41 temasek animoca](https://forkast.news/wp-content/uploads/2022/08/fundraising-1260x840.jpg)
Temasek to lead US$100M funding round in Animoca Brands: report
Singapore state-backed fund is leading a US$100 million funding round into Hong Kong-based blockchain and game venture Animoca Brands, Bloomberg reported. See related article: Singapore’s Temasek says doesn’t own Bitcoin, but prepping for tokenized assets Fast facts Temasek will make the investment through convertible bonds, according to unnamed sources cited by Bloomberg. Temasek has been […]
![Fed expects to launch long-awaited Faster Payments System by 2023 42 Federal Reserve](https://forkast.news/wp-content/uploads/2022/01/FEDRESERVE-1260x782.jpg)
Fed expects to launch long-awaited Faster Payments System by 2023
The new payments system will allow faster payments of bills, paychecks and other transfers around-the-clock instead of days. See related article: Fed issues guidelines for crypto banks to enter central banking system Fast facts The U.S. Federal Reserve expects to launch the payments system between May and July of 2023, after a testing phase beginning […]
![Crypto lender Hodlnaut placed under creditor protection by Singapore court 43 hodlnaut](https://forkast.news/wp-content/uploads/2022/08/IJM-1-1260x659.png)
Crypto lender Hodlnaut placed under creditor protection by Singapore court
Singapore-based crypto lender Hodlnaut has been placed under Interim Judicial Management (IJM), a form of creditor protection, and will now be managed and controlled by interim judicial managers appointed by court order. See related article: Singapore’s central bank says cryptocurrencies have ‘no fundamental value’ Fast facts Hodlnaut said its legal representatives attended the IJM hearing […]
Binance Australia strengthens user protection: report
Binance Australia is tightening its sign-up process for new users, as part of renewed efforts to protect users considered most vulnerable to scams and cyber attacks, according to a report by Binance Australia. See related article: Binance to suspend ETH deposits, withdrawals during “The Merge” Fast facts According to the report, the company’s research and […]
![Markets: Bitcoin holds gains; Ether, Avalanche surge; Solana jumps 44 symbolic coins of bitcoin on banknotes of one hundred dollars. Exchange bitcoin cash for a dollar.](https://forkast.news/wp-content/uploads/2022/08/crypto-6.jpg)
Markets: Bitcoin holds gains; Ether, Avalanche surge; Solana jumps
Bitcoin and Ether added to morning gains in Tuesday afternoon trading in Asia, as most other top 10 coins by market capitalization also rose. Avalanche rebounded after a slump over the weekend following whistleblower allegations that the company paid a law firm to stage litigations and class-action lawsuits against its rivals. See related article: Markets: […]
![India’s CoinDCX says it’s hiring to prepare for DeFi expansion 45 India coindcx](https://forkast.news/wp-content/uploads/2022/08/neeraj-khandelwal-1260x709.png)
India’s CoinDCX says it’s hiring to prepare for DeFi expansion
Despite the Indian government’s hostility towards cryptocurrencies, the CoinDCX exchange says more traditional financial products will shift to DeFi platforms.
![Bank of Korea to institutionalize ICOs in new crypto law 46 Bank of Korea building in Seoul, South Korea | Bank of Korea moves forward to institutionalize ICOs in new crypto law | Bank of Korea, south korea, initial coin offering, ico, eu mica](https://forkast.news/wp-content/uploads/2022/08/bank-of-korea-1260x838.png)
Bank of Korea to institutionalize ICOs in new crypto law
South Korea will have to institutionalize initial coin offerings (ICO) when establishing its new crypto law, tentatively named the Digital Asset Basic Act, according to the Bank of Korea (BOK). See related article: South Korea’s all-encompassing crypto law is coming — what we know so far Fast facts South Korea’s Financial Services Commission banned ICOs […]
![CME Group launches euro-denominated Bitcoin, Ether futures 47 CME to launch Micro Ether Futures in December](https://forkast.news/wp-content/uploads/2021/11/GettyImages-80276994-1260x833.jpg)
CME Group launches euro-denominated Bitcoin, Ether futures
CME Group — the world’s largest operator of financial derivatives markets, including the Chicago Mercantile Exchange — has launched euro-denominated futures on Bitcoin and Ether. See related article: New US crypto bill seeks to make CFTC top Bitcoin, Ethereum watchdog Fast facts See related article: Here comes the crypto derivatives boom
![SEC, Ripple take XRP lawsuit battle to media as well 48 Young man holding XRP Ripple coin on palm of hand; U.S. SEC logo](https://forkast.news/wp-content/uploads/2022/08/Timmy-2-2.png)
SEC, Ripple take XRP lawsuit battle to media as well
The ongoing battle between the U.S. Securities and Exchange Commission and Ripple Labs over the latter’s token XRP is playing out not just in a courtroom but in media channels as well. See related article: SEC files no objection to Ripple request to seal non-party identities in XRP lawsuit Fast facts Stu Alderoty, general counsel […]
![Operating profit at Upbit parent Dunamu drops 70% 49 Dunamu logo | Upbit’s Dunamu sees 70% decline in operating profit | upbit, dunamu, south korea crypto](https://forkast.news/wp-content/uploads/2022/08/dunamu-1260x945.png)
Operating profit at Upbit parent Dunamu drops 70%
Dunamu, the owner of South Korea’s leading cryptocurrency exchange Upbit, reported an operating profit of 566.1 billion Korean won (about US$419 million) for the first half of this year, a 70% decrease compared to the same period last year. See related article: Dunamu denies making US$100 million off of LUNA Fast facts Dunamu’s consolidated operating […]
![FTX CEO: no plan to buy crypto exchange Huobi 50 GettyImages 1241501470 scaled 1](https://forkast.news/wp-content/uploads/2022/08/GettyImages-1241501470-scaled-1-1260x839.webp)
FTX CEO: no plan to buy crypto exchange Huobi
Sam Bankman-Fried, CEO of crypto exchange FTX, denied on Tuesday that he has a plan to buy out another crypto exchange, Huobi, after a rumor circulating on Chinese social media said that FTX has acquired the exchange. See related article: FTX CEO: This is the canary in China’s crypto ban coal mine Fast facts “No, […]
![Argentine province Mendoza to accept cryptocurrency as payment for taxes 51 Argentina](https://forkast.news/wp-content/uploads/2022/08/Argentina-1260x840.jpg)
Argentine province Mendoza to accept cryptocurrency as payment for taxes
The western Argentine province of Mendoza — the fifth most populous in the country — now accepts cryptocurrency as a payment option for taxes, the Mendoza Tax Administration (ATM) announced on Saturday. See related article: El Salvador’s Bitcoin adoption, one week on Fast facts Mendoza’s roughly 2 million residents will now be able to pay […]
![What in crypto hell just happened to all your money? 52 A bankrupt business man with sack with sad face drawing covering his face; stock market crash in the background](https://forkast.news/wp-content/uploads/2022/08/Forkast-Opinion-Images-7-1260x710.png)
What in crypto hell just happened to all your money?
Crypto investors were blindsided when firms like Voyager suddenly froze their accounts. How can we improve digital asset protection in the future?
![S.Korea’s internet-only KakaoBank partners with crypto exchange Coinone 53 KakaoBank promo image | S.Korea’s KakaoBank signs partnership with crypto exchange Coinone | kakaobank, south korea crypto, coinone](https://forkast.news/wp-content/uploads/2022/08/2304c4995491ca381991f225d578ba9b.png)
S.Korea’s internet-only KakaoBank partners with crypto exchange Coinone
South Korea’s internet-only bank KakaoBank has signed a contract with local cryptocurrency exchange Coinone to provide withdrawal and deposit accounts to investors under their real names, per local regulations. See related article: South Korea’s crypto crackdown: What you need to know Fast facts While the partnership deal has been settled, it has not been announced […]
![Markets: Bitcoin back above US$20,000; Ether, Ether Classic jump ahead of merge 54 Bitcoin](https://forkast.news/wp-content/uploads/2022/08/Bitcoinmoney-1260x840.jpg)
Markets: Bitcoin back above US$20,000; Ether, Ether Classic jump ahead of merge
Bitcoin broke back above US$20,000 in Tuesday morning trading in Asia, with most of the top 10 cryptocurrencies by market capitalization gaining. Ether rebounded, while Avalanche also recovered from a drop-off following whistleblower allegations that the company “weaponized” litigation against its rivals. See related article: Markets: Bitcoin fails to hold above US$20,000, Ether slumps, SHIB […]
![Most crypto “still junk”, JPMorgan’s blockchain lead claims 55 JP Morgan](https://forkast.news/wp-content/uploads/2022/08/umar-farooq-1260x709.png)
Most crypto “still junk”, JPMorgan’s blockchain lead claims
Excluding a few dozen tokens, most cryptocurrencies are bound to “go away,” according to Umar Farooq, Chief Executive Officer of JPMorgan’s blockchain unit. See related article: Singapore’s MAS says needs to do better job explaining crypto policy Fast facts “Most of crypto is still junk,” he said at the Monetary Authority of Singapore’s Green Shoots […]
![Singapore’s MAS says needs to do better job explaining crypto policy 56 ravi menon MAS Singapore](https://forkast.news/wp-content/uploads/2022/08/Ravi-Menon-still-1260x709.png)
Singapore’s MAS says needs to do better job explaining crypto policy
The city-state hosted a seminar with a title that it hopes sums up its crypto approach: “Yes to digital asset innovation, No to cryptocurrency speculation.”
![Bitcoin miners, investors still active in BTC despite price fluctuations 57 mining](https://forkast.news/wp-content/uploads/2021/12/mining.png)
Bitcoin miners, investors still active in BTC despite price fluctuations
Although the price of Bitcoin fell below US$20,000 for the first time since mid-June after sliding 7% in the 24 hours following Federal Reserve Chairman Jerome Powell’s hawkish speech, the number of addresses holding over 0.1 bitcoin hit all-time-high on Sunday. This was despite mining difficulty for the crypto likely to see its third-highest ever […]
![Markets: Bitcoin fails to hold above US$20,000, Ether slumps, SHIB slides 58 Golden coin with bitcoin symbol](https://forkast.news/wp-content/uploads/2022/08/btc-5.jpg)
Markets: Bitcoin fails to hold above US$20,000, Ether slumps, SHIB slides
Bitcoin traded below US$20,000 and Ether fell further in Monday afternoon trading in Asia. Solana fell, along with memecoins Dogecoin (DOGE) and Shiba Inu (SHIB), with SHIB dropping below Dai and Polygon by market capitalization. See related article: Bitcoin stays below US$20,000 Monday morning after Friday Fed shock Fast facts Bitcoin traded down 0.83% in […]
![Why the crypto world needs more women as leaders and investors 59 Businesswoman working on her laptop](https://forkast.news/wp-content/uploads/2022/08/Forkast-Opinion-Images-9-1260x710.png)
Why the crypto world needs more women as leaders and investors
Women foster a better environment for innovation and are sober with money — which is what the industry needs, writes Gracy Chen of Bitget.
![ENS domain name expires as developer is in prison, becomes up for grabs in Sept. 60 Ethereum](https://forkast.news/wp-content/uploads/2022/08/Ether-3-1260x840.jpg)
ENS domain name expires as developer is in prison, becomes up for grabs in Sept.
The domain for the Ethereum Name Service Decentralized Autonomous Organization (ENS DAO), eth.link, now displays an empty page with a banner saying the domain has expired, as the only person with authority to renew it is in prison. See related article: What is ENS (Ethereum Name Service) and how does it work? Fast facts Ethereum […]
![China exploring blockchain for energy trading 61 blockchain](https://forkast.news/wp-content/uploads/2022/11/blockchain-1260x735.jpg)
China exploring blockchain for energy trading
The National Energy Administration (NEA) will explore blockchain-based power trading platforms to facilitate electricity trading between self-contained power generation units and the state and national grids, according to a policy document released last Friday. see related article: The Bitcoin-energy connection intensifies Fast facts see related article: Here’s why Australia can’t use its empty deserts to mine […]
![SEC files no objection to Ripple request to seal non-party identities in XRP lawsuit 62 XRP logo, U.S. SEC logo](https://forkast.news/wp-content/uploads/2022/08/Timmy-1-2.png)
SEC files no objection to Ripple request to seal non-party identities in XRP lawsuit
The U.S. Securities and Exchange Commission has decided not to object to Ripple Lab’s request to seal identities of certain non-parties and Ripple employees in the Daubert motions, as its lawsuit against Ripple drags on. See related article: SEC seeks to file up to 90-page long reply to motion in XRP lawsuit Fast facts The […]
![S.Korea’s science ministry announces ethical principles for the metaverse 63 A woman wearing a VR headset in front of a pixelated South Korean flag | S.Korea’s science ministry announces ethical principles for the metaverse | south korea metaverse, metaverse crime, metaverse sex abuse](https://forkast.news/wp-content/uploads/2022/08/south-korea-metaverse-1260x945.png)
S.Korea’s science ministry announces ethical principles for the metaverse
South Korea’s Ministry of Science and ICT (MSIT) has recently unveiled the first draft of core ethical principles that are fundamental for growing and participating in the metaverse. See related article: South Korea places $185M bet on the metaverse Fast facts The science ministry’s three values for the metaverse participants are an intact self-identity, safe […]
![Grayscale says XLM, ZEC and ZEN may be securities after SEC inquiry 64 Grayscale logo | Grayscale says XLM, ZEC and ZEN may be securities after SEC inquiry | grayscale, grayscale sec, ripple sec](https://forkast.news/wp-content/uploads/2022/08/Grayscale_stacked_Black-Registered-1260x1202.png)
Grayscale says XLM, ZEC and ZEN may be securities after SEC inquiry
In recent filings, the crypto asset management firm has said Stellar (XLM), Zcash (ZEC) and Horizen’s (ZEN) native cryptocurrencies may be securities. Grayscale was responding to questions from the U.S. Securities and Exchange Commission (SEC) regarding the company’s crypto trusts. See related article: Grayscale sues SEC over spot Bitcoin ETF rejection Fast facts In its […]
![Markets: Bitcoin stays below US$20,000 Monday morning after Friday Fed shock 65 Money and Bitcoin](https://forkast.news/wp-content/uploads/2022/08/MoneyBTC-1260x840.jpg)
Markets: Bitcoin stays below US$20,000 Monday morning after Friday Fed shock
Bitcoin and Ether fell Monday morning in Asia, along with all other cryptocurrencies in the top 10 by market capitalization. The slump continues a slide over the weekend after U.S. Federal Reserve Chairman Jerome Powell rocked crypto and equity markets on Friday with comments about economic pain ahead as the Fed raises interest rates to […]
![Markets: Bitcoin, Ether fall; Solana, BNB slip, while Cardano rises 66 Many gold bitcoins staying on reflective surface with a single bitcoin in sharp focus](https://forkast.news/wp-content/uploads/2022/08/btc-4.jpg)
Markets: Bitcoin, Ether fall; Solana, BNB slip, while Cardano rises
Bitcoin and Ether reversed from morning gains in Friday afternoon trading in Asia. Solana was the biggest loser among the top 10 coins by market capitalization, followed by BNB. See related article: Markets: Ethereum, Ethereum Classic lead crypto gains as Bitcoin posts modest gains Fast facts Bitcoin traded down 1.34% in the past 24 hours […]
![Thailand’s SCBX scraps plan to buy 51% stake in crypto exchange Bitkub 67 thailand](https://forkast.news/wp-content/uploads/2022/08/thai--1260x840.jpg)
Thailand’s SCBX scraps plan to buy 51% stake in crypto exchange Bitkub
Thailand’s oldest lender SCBX Pcl has announced it is withdrawing from an earlier decision to purchase a 51% stake in the crypto exchange Bitkub for US$500 million, citing regulatory issues. See related article: Thailand’s central bank to get more power in crypto regulation overhaul: report Fast facts In a statement addressed to the Stock Exchange […]
![Siloed regulatory efforts unlikely to help bring oversight to highly decentralized crypto industry 68 Forkast's Crypto Rising panel (Clockwise from top left): Forkast Editor-in-Chief Angie Lau (host), Australian Senator Andrew Bragg, Stratford Finance CEO Angelina Kwan, Coinbase Head of Southeast Asia Hassan Ahmed and CCI Senior Advisor Sean Lee (co-host).](https://forkast.news/wp-content/uploads/2022/08/CryptoRising-2-1260x709.png)
Siloed regulatory efforts unlikely to help bring oversight to highly decentralized crypto industry
Panelists speaking at Forkast’s recently live-streamed event “Crypto Rising: The future of crypto regulation: APAC and Beyond,” co-hosted by Crypto Council for Innovation (CCI), said there need to be international cooperation among regulators from around the world to make any oversight of the crypto industry effective.
![Binance to help S. Korea’s Busan build first city-backed exchange 69 Binance CEO Changpeng Zhao (left) and Busan city mayor Park Heong-joon (right) | Binance, CZ to help S. Korea’s Busan build first city-backed exchange | binance news, binance south korea, binance cz](https://forkast.news/wp-content/uploads/2022/08/198803e5-3656-497e-b72c-f8230a028372-1260x840.jpeg)
Binance to help S. Korea’s Busan build first city-backed exchange
Global crypto exchange Binance and the city of Busan in South Korea announced a memorandum of understanding (MOU) on Friday to promote the growth of the blockchain ecosystem in the city and the development of the Busan Digital Asset Exchange. See related article: Issue tokens later for growth, not for initial fundraising, advises Binance chief […]
![Taiwan to launch digital ministry, use Web 3.0 against Chinese cyberattacks 70 audrey tang](https://forkast.news/wp-content/uploads/2022/08/audrey-1260x699.png)
Taiwan to launch digital ministry, use Web 3.0 against Chinese cyberattacks
Taiwan’s Ministry of Digital Affairs will officially launch on Aug. 27, with information security and Web 3.0 technology as key focus areas to protect against Chinese cyberattacks amid escalating tensions between China and Taiwan. See related article: Taiwan completes trials of its prototype CBDC for retail use Fast facts The new ministry will be in […]
![India financial crime-fighters search CoinSwitch crypto exchange 71 India Enforcement Directorate](https://forkast.news/wp-content/uploads/2022/08/ED-resized-1-1260x420.png)
India financial crime-fighters search CoinSwitch crypto exchange
India’s Enforcement Directorate (ED) has searched five premises connected with cryptocurrency company CoinSwitch on alleged money laundering charges, according to a media report. See related article: India’s WazirX says it has no-tolerance policy on illegal activities Fast facts The country’s central agency fighting financial crime conducted searches at residences of CoinSwitch directors and the official […]