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cyber attack

Have we learned anything from Curve Finance and DeFi’s susceptibility to attacks?

The DeFi giant may have escaped a death spiral, but exploits and code problems like what it recently suffered are more commonplace — and preventable — than what the industry acknowledges.
NFT cycle 95%

NFTs are 94% worthless and also up over 52,000%

Amidst the cycles of blossoming and withering in the NFT marketplace, a significant majority of NFTs find themselves succumbing to worthlessness, leaving the persistent 5% to defy the fleeting trends.
Bitcoin | Bitcoin, Ether tread water; U.S. equities slide with mega-cap tech giants leading the declines | Markets, BTC, ETH, Binance, Price

Bitcoin, Ether tread water; U.S. equities slide with mega-cap tech giants leading the declines

Bitcoin dipped on Wednesday morning in Asia to trade range-bound below US$26,300. Ether edged higher but failed to reclaim the US$1,600 mark.
A closeup shot of Bitcoin on cash - Physical bitcoin, Digital currency, Cryptocurrency

Bitcoin, Ether rise; BNB leads gains among top 10 cryptos

Binance’s BNB token gained the most after Binance Japan and Mitsubishi UFJ Trust and Banking Corporation jointly announced they are collaborating on the issuance of fiat-pegged stablecoins.
SAN ANSELMO, CALIFORNIA - JUNE 06: In this photo illustration, the Binance logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed lawsuits against cryptocurrency exchanges Coinbase and Binance for allegedly violating multiple securities laws. (Photo Illustration by Justin Sullivan/Getty Images)

Binance Japan partners with mega bank MUFJ on stablecoin project

Mitsubishi UFJ and Binance Japan will collaborate on the issuance of fiat-pegged stablecoins.
Hong Kong crypto network Mixin hacked US$200 million

Hong Kong crypto network Mixin loses US$200 million in hack

Mixin Network announced Monday that the database of its cloud service provider was hacked, resulting in the loss of approximately US$200 million.
PayPal-PYUSD

PayPal’s stablecoin is a big step forward for crypto’s legitimacy but not much yet for the cause

PYUSD’s launch is injecting much-needed trust into crypto’s turbulent landscape, but its current form does not come with any of the benefits of real crypto, writes Danny Chong, co-founder of Tranchess.
Bitcoin | Bitcoin, Ether flat; MicroStrategy adds to Bitcoin holdings | Markets, BTC, ETH, Price, MicroStrategy

Bitcoin, Ether flat; MicroStrategy adds to Bitcoin holdings

Bitcoin traded flat below US$26,300 Tuesday morning in Asia. Ether edged up but remained below the US$1,600 mark.
Coins with bitcoin symbol on red light and crypto stocks chart background. Concept of a cryptocurrency market crisis.

Bitcoin, Ether fall with Toncoin leading losses in top 10 cryptos

Bitcoin fell below US$26,500 while Ether dipped below US$1,600 in the past 24 hours.
Mobile game Friends Pop | Image: NHN Corporation | South Korean entertainment firm NHN to build blockchain games on Sui despite local ban

South Korean entertainment firm NHN to build blockchain games on Sui despite local ban

NHN Corporation announced Friday that it has partnered with U.S.-based Mysten Labs to launch an on-chain game scheduled for 2024.
digital asset

SEC has lost again. What’s next for digital assets?

With winds in its legal sails, crypto is now poised to evolve into a complete economy with its own financial products and capital markets. The question is when.
Alex Svanevik, CEO Nansen

AI, Asia and analytics — an interview with Nansen’s Alex Svanevik

Blockchain analytics are key to understanding the nascent crypto industry. But the analysis sector is far from immune from the pressures of the ongoing crypto bear market. In the first of a series of 1-on-1 interviews from the Token2049 conference held in Singapore Sept. 13-14, Alex Svanevik, CEO of blockchain analytics firm Nansen, sat down with Forkast to discuss current crypto challenges, the Asia growth market and the increasing use of artificial intelligence in the industry.
Bitcoin | Bitcoin, Ether drop; top cryptos retreat with Toncoin leading losers | Markets, BTC, ETH, Price, Inflation

Bitcoin, Ether drop; top cryptos retreat with Toncoin leading losers

Bitcoin fell Monday morning in Asia to trade below US$26,300. Ether also dipped and remained below the US$1,600 mark. All top 10 non-stablecoin tokens dropped.
golden Bitcoin virtual money concept.Burning bitcoin symbol. Decentralised Cryptocurrency logo of BTC coin. | Bitcoin, Ether, all other top 10 cryptocurrencies fall; Litecoin leads losers with Cardano

Weekly Market Wrap: Nomura’s Bitcoin Fund, Citigroup blockchain move fail to lift Bitcoin above US$27,000

Bitcoin remained below the US$27,000 mark, despite significant institutional players, like Japan’s largest bank, Nomura, launching a Bitcoin adoption fund earlier this week.
Angelina Kwan Hong Kong JPEX

Hong Kong may tighten enforcement amidst JPEX scandal, says former SFC official

The JPEX scandal sheds light on the vulnerabilities in Hong Kong’s crypto marketplace, prompting reflection on regulatory safeguards as the city aspires to be a global digital asset hub, former SFC regulator Angelina Kwan says.
Blur OpenSea

NFT creators seek alternatives after OpenSea cuts royalties

Following OpenSea’s decision to cut creator royalties, artists are seeking more creator-centric alternatives, but industry experts told Forkast that the decision could impact the entire NFT space in the long term.
Polygon's MATIC

Matic biggest loser among top 10; Bitcoin falls, Ether dips below US$1,600 

Matic was the biggest loser in the top 10 cryptocurrencies by market capitalization, falling alongside most other cryptos and with Ether falling below US$1,600. Despite Bitcoin’s sluggish price action, industry experts say that institutions continue adopting the world’s first cryptocurrency.  See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 MATIC […]
HONG KONG, CHINA - OCTOBER 04: Visitors experience an immersive art installation titled "Machine Hallucinations Space: Metaverse" by Refik Anadol at the Digital Art Fair Asia showcasing digital and NFT art on October 4, 2021 in Hong Kong, China. The first edition of Digital Art Fair Asia is taking place in Hong Kong. The event allows visitors to collect digital art as well as NFT contemporary fine art.(Photo by Anthony Kwan/Getty Images) | South Korea’s Kakao, Com2Us wind down metaverse units

South Korea’s Kakao, Com2Us wind down metaverse units

South Korea’s top internet company Kakao and leading game developer Com2uS are sizing down their metaverse teams after large losses.
AI and blockchain

Adding AI to Web3 will spark a Cambrian explosion of innovation — but not anytime soon

Blockchain and AI’s synergistic combination will create technology beyond today’s wildest imagination. But true AI-Web3 integration remains a difficult affair.
Bitcoin | Bitcoin, Ether and other top-10 cryptos down amid Wall Street sell-off | Markets, BTC, ETH, Inflation, Federal Reserve

Bitcoin, Ether and other top-10 cryptos down amid Wall Street sell-off

Bitcoin dropped on Friday morning in Asia to trade below the US$27,000 support level. Ether also retreated and lost control of the US$1,600 mark.
HK SFC, US SEC

US SEC to tighten regulatory enforcement beyond Coinbase, Binance.US

Top blockchain and crypto news: U.S. SEC steps up regulatory enforcement. Gaming giant Zynga moves into NFTs. Woes ahead for JPEX exchange after HK arrests.
Coins with bitcoin symbol on red light and crypto stocks chart b

Toncoin leads declines, Bitcoin dips below US$27,000 

Toncoin was the biggest loser in the top 10 cryptocurrencies by market capitalization, falling alongside most other cryptos except Dogecoin. With Bitcoin below US$27,000, FTX’s crypto liquidations could keep prices subdued for the rest of the month, market analysts told Forkast. See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 […]
South Koreans hold nearly US$100 billion in crypto assets overseas| Golden bitcoins and South Korea flag.

South Koreans hold nearly US$100 billion in crypto overseas

South Korean investors and corporations hold over 131 trillion Korean won (US$97.9 billion) worth of cryptocurrencies in overseas accounts.
Bitcoin | Bitcoin, Ether dip; Toncoin leads crypto retreat following hawkish Fed comments | Markets, BTC, ETH, Federal Reserve, Inflation

Bitcoin, Ether dip; Toncoin leads crypto retreat following hawkish Fed comments

Bitcoin briefly fell below US$26,900 on early Thursday morning in Asia but is now trading above US$27,000. Ether also dropped but held above US$1,600.
D.C. Court of Appeals greenlights Grayscale’s bid for Bitcoin ETF

Toncoin leads top 10 cryptos with weekly gain of 31%, could Bitcoin rise to US$30,000 by October?

Toncoin led gainers in the top 10 cryptocurrencies by market capitalization, rising over 31% since its Telegram partnership last week. Despite Bitcoin’s short-term corrections, it could return above the US$30,000 support level by October, according to market experts. See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 TON leads winners, […]
WASHINGTON, DC - SEPTEMBER 12: U.S. Securities and Exchange Commission chairman Gary Gensler testifies during a Senate Banking Committee hearing on Capitol Hill September 12, 2023 in Washington, DC. The hearing focused on oversight of the U.S. Securities and Exchange Commission. (Photo by Drew Angerer/Getty Images)

SEC will load more charges on crypto exchanges and DeFi, says enforcement chief

The U.S. SEC will expand its regulatory enforcement onto crypto exchanges, intermediaries and decentralized finance (DeFi) entities.
debt

It’s time to bring debt capital markets to the 21st century

Bond markets, which go back 400 years, are still bogged down by high costs, delays and a gauntlet of middlemen. Here’s how blockchain technology can reform the sector.
Zynga's free Sugartown Oras NFTs spotlight the power of mystery in the digital asset realm as prices surge on speculation.

There’s a new game in town

Zynga’s free Sugartown Oras NFTs spotlight the power of mystery in the digital asset realm as prices surge on speculation.
Bitcoin | Bitcoin trades above US$27,000; Toncoin extends rally | Markets, BTC, ETH, Bank, Price

Bitcoin trades above US$27,000; Toncoin extends rally

Bitcoin rose on Wednesday morning in Asia to trade above US$27,200. Ether remained flat at around US$1,640. All other top 10 non-stablecoin tokens logged gains.
cardano, bitcoin and frozen backdrop | Markets: Bitcoin, Ether fall; Solana, Cardano show bigger losses | bitcoin price, ether price, solana news, cardano, polkadot, dogecoin

Solana leads winners in top 10 cryptos; Bitcoin, Ether rise for 2nd consecutive day

Solana led gainers in the top 10 cryptocurrencies by market capitalization, recovering from a two-month low. Bitcoin and Ether rose during afternoon trading in Asia along with most cryptos. Market experts said that the continued entrance of large institutions could provide the crypto industry more legitimacy and price stability. See related article: Weekly Market Wrap: […]
Judge's gavel with books and statue of Justice scales on law office working law document

U.S. SEC denied immediate access to Binance.US software

A U.S. federal judge has denied the U.S. Securities and Exchange Commission immediate access to Binance.US’ software, in response to the regulator’s motion demanding more detailed information from Binance and greater availability of its executives for depositions.
Marina Bay Sands and Web3

How Singapore is redefining Web3’s public-private landscape

Now a top-ranked crypto hub, Singapore is a shiny example of the central role that government can play in nurturing industry growth while bolstering consumer protections.
NEW YORK, NEW YORK - OCTOBER 14: People walk past a Citibank on Broadway on October 14, 2022 in New York City. Citigroup announced that its third-quarter earnings fell 25% as its shares gained more than 2% helped by rising interest rates. (Photo by Michael M. Santiago/Getty Images)

Citigroup debuts digital token service for institutional clients

Citigroup announced Monday the launch of its new blockchain-based cross-border payments solution for institutional clients.
Bitcoin | Bitcoin, Ether rise; Toncoin leads crypto rebound | Markets, BTC, ETH, Price, Inflation

Bitcoin, Ether rise; Toncoin leads crypto rebound

Bitcoin rose on Tuesday morning in Asia to around US$26,700, after briefly breaching the US$27,000 mark. Ether also logged gains but remained below US$1,650.
Flag of the Hong Kong Special Administrative Region - The flag of Hong Kong was first officially hoisted on 1st July 1997, in the handover ceremony marking the transfer of sovereignty from the British to the Peoples Republic of China.

JPEX crypto exchange shuts trading amid Hong Kong regulator probe

Dubai-based cryptocurrency exchange JPEX is shutting trading its platform amid a probe by the Hong Kong’s Securities and Futures Commission that said the firm was operating as an unlicensed entity, according to media reports. 
binance

BNB leads winners in top 10 cryptos; Bitcoin, Ether rise 0.8% in afternoon trading 

BNB led gainers in the top 10 cryptocurrencies by market capitalization, despite Binance’s growing challenges. Bitcoin and Ether rose during afternoon trading in Asia, as market analysts are saying it could start picking up more bullish momentum above the US$26,000 mark. See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 […]
Flag of Europe and Bitcoin

What Europe’s new spot Bitcoin ETF means for global markets

Europe’s first spot Bitcoin ETF ushers in an era where traditional finance and crypto are converging, setting the stage for digital assets to become mainstays in the economy.
WASHINGTON, DC - MAY 17: U.S. Rep. Patrick McHenry (D-NC) participates in a House Financial Services Committee Hearing at the Rayburn House Office Building on May 17, 2023 in Washington, DC. The hearing was held to examine the recent failures of Silicon Valley Bank and Signature Bank. (Photo by Kevin Dietsch/Getty Images)

US legislators to discuss CBDC prevention bill on Sept. 20

The U.S. House Financial Services Committee announced last Friday that it will discuss a new bill to prevent the issuance of a CBDC.
Bitcoin | Bitcoin, Ether flat; altcoins drop amid FTX liquidation | Markets, BTC, ETH, FTX, Inflation

Bitcoin, Ether flat; altcoins drop amid FTX liquidation

Bitcoin dipped on Monday morning in Asia to trade at around US$26,500. Ether also moved lower but held the US$1,600 support level.
Token2049 panel (L-R, Jason Choi, Joey Krug, Paul Veradittakit, Alex Pack, Min Jeo.

Friend.tech a surprise hit among crypto investors at Token2049 as they urge ecosystem expansion

Funders see the novel social media network as emblematic of an abundance of opportunity in crypto and DeFi amid infrastructure gaps and increased integration with real-world assets
fast f1 car formula one racing sportscar 2022 12 16 11 08 13 utc

Crypto and Formula One’s honeymoon is over, can Web3 save a rocky marriage?

The third installment of Forkast’s ‘Crypto in Sport’ series comes from Singapore, which this week plays host to Formula One’s Singapore Grand Prix. Crypto companies poured hundreds of millions of sponsorship money into F1 at the height of the bull market, but might a prolonged crypto winter pull the plug on this marriage of convenience? Or can diversification and real world use cases help breathe new life into the relationship? Welcome to crypto’s very own drive to survive.
Downtown Singapore.

Half a world away — Gary Gensler’s SEC dominates discussion at Singapore’s Token 2049

Billed as Asia’s largest crypto event, Token 2049 took place over Sept. 13-14 in the Southeast Asian city-state of Singapore. Drawing over 10,000 attendees from all parts of the world, there was excitement about blockchain adoption in the region. But repeat references to one man were a reminder of the U.S. regulatory concerns weighing heavily on the crypto industry.
Bitcoin Ethereum NFT

Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750

Bitcoin hit a weekly high of US$26,750 after Deutsche Bank announced plans to offer crypto custody services for institutional investors, days after Standard Chartered launched its own institutional crypto wing.
Cryptocurrency Exchange FTX's Former CEO Sam Bankman-Fried Appears In Court Over Multiple Counts Of Federal Fraud Charges

Who’s who in the Sam Bankman-Fried trial?

FTX’s former CEO, Sam Bankman-Fried, faces DOJ scrutiny with seven charges. Here are the six key figures in the coming crypto courtroom showdown.
Bitcoin cryptocurrencies and graph statistic background

Most top 10 cryptos rise; Tron, Toncoin biggest gainers

Bitcoin rises past US$26,500. All other top 10 cryptos gain, except BNB.
Woman with a Parasol - Madame Monet and Her Son (left), real estate (right)

Investing in a Monet painting is no longer just for the super-rich, thanks to blockchain

The gates are opening for ordinary investors to buy into real-world assets like rare art and fancy real estate. But regulations and compliance hurdles remain.
Bitcoin | Bitcoin, Ether rise; Deutsche Bank to provide crypto custody services | Markets, BTC, ETH, SEC, Inflation

Bitcoin, Ether rise; Deutsche Bank to provide crypto custody services

Bitcoin rose on Friday morning in Asia to trade above US$26,500. Ether also moved higher to over US$1,600. All other top 10 non-stablecoin tokens gained.
Binance.US India crypto

Binance.US CEO calls it quits amid major layoffs

Top blockchain and crypto news: Binance.US undergoes staffing shakeup. Ethereum NFTs at risk. India to take a stand on crypto.
Cryptocurrency Bitcoin golden coins spilling on the table. Crypto investment concept background

Solana leads winners in top 10 cryptos as Bitcoin, Ether extend gains

All top 10 cryptos gained in Thursday afternoon trade in Asia, except Toncoin.
SEC penalizes Stoner Cats for selling unregistered securities as NFTs | stonercats on OpenSea

SEC fines Stoner Cats for selling unregistered securities as NFTs

NFT markets fear more enforcement action may be heading their way, while NFT offerings as securities fail to convince the SEC.
LONDON, ENGLAND - NOVEMBER 10: In this photo illustration the FTX logo and mobile app adverts are displayed on screens on November 10, 2022 in London, England. The Bahamas-based crypto exchange's larger rival, Binance, walked away from a potential bailout deal, as FTX struggles with a wave of customer withdrawals that have created a liquidity crunch. (Photo Illustration by Leon Neal/Getty Images)

FTX gets green light to sell US$3.4 billion in crypto assets

A U.S. bankruptcy court in Delaware approved failed crypto exchange FTX’s motion to sell its crypto assets at a court hearing on Wednesday.
Bitcoin | Bitcoin back above US$26,000 after CPI release | Markets, BTC, ETH, SOL, Inflation

Bitcoin back above US$26,000 after CPI release

Bitcoin rose on Thursday morning in Asia to trade above US$26,000. Ether also rose to reclaim US$1,600. All other top 10 non-stablecoin tokens moved up.
Bitcoin | Bitcoin starts week below US$26,000; Ether dips after hack on Vitalik Buterin’s X account; more rate hike worries on Wall Street | Markets, BTC, ETH, SOL, Inflation

Toncoin gains 13% on Telegram partnership; Bitcoin, Ether little changed 

Toncoin led gainers in the top 10 cryptocurrencies by market capitalization, rising over 13% after the project announced its partnership with Telegram. Bitcoin and Ether were little changed during afternoon trading in Asia, but market analysts are looking at September as a period for strategic Bitcoin accumulation. See related article: Weekly Market Wrap: ETF developments […]
Astar Network logo

Astar, Polygon joins power to launch zkEVM solution for wider Web3 adoption

Japan-based Astar Network announced Wednesday that it is launching its zkEVM solution powered by Polygon’s Chain Developer Kit.
CoinEx logo, image of a hacker wearing hoodie | Hong Kong crypto exchange CoinEx suffers hack, at least US$43 million lost

Hong Kong crypto exchange CoinEx suffers hack, at least US$43 million lost

Hong Kong-based cryptocurrency exchange CoinEx Global suffered a security breach on Tuesday, resulting in an estimated loss of US$43 million in cryptocurrencies.
Zero-knowledge proof

Zero-knowledge technology is ready. Why isn’t it more widely used?

ZK is a complex but game-changing cryptographic technique for blockchain scalability and privacy. Here’s how the industry can make it more accessible.
SAN ANSELMO, CALIFORNIA - JUNE 06: In this photo illustration, the Binance logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed lawsuits against cryptocurrency exchanges Coinbase and Binance for allegedly violating multiple securities laws. (Photo Illustration by Justin Sullivan/Getty Images) | Binance.US cuts one-third of workforce; CEO Brian Shroder steps down

Binance.US cuts one-third of workforce; CEO Brian Shroder steps down

The U.S. affiliate of the world’s largest cryptocurrency exchange Binance has laid off one-third of its staff, or more than 100 employees.
Bitcoin | Bitcoin, Ether bounce back; altcoins recover after FTX panic | Markets, BTC, ETH, FTX, Price

Bitcoin, Ether bounce back; altcoins recover after FTX panic

Bitcoin rose on Wednesday morning in Asia to near US$26,000. Ether also bounced back to near US$1,600. All other top 10 non-stablecoin tokens logged gains.
Bitcoin Ethereum NFT

Bitcoin collectibles: a diamond in the rough

Bitcoin’s NFT sales dip mirrors early challenges of Ethereum; is the pioneer blockchain set for a comeback in the collectibles market?
Coins with bitcoin symbol on red light and crypto stocks chart background. Concept of a cryptocurrency market crisis.

Bitcoin, Ether continue to slide; altcoins under pressure

Bitcoin remained under US$26,000 and Ether dropped below US$1,600 in Tuesday afternoon trade in Asia.
More than a year since Nepal’s central bank, the Nepal Rastra Bank, initiated to revise the country’s law to enable the issuance of the digital version of the Nepalese Rupee, why no CBDC is in sight yet?

Nepal central bank plans CBDC within two years, crypto and stablecoin still excluded, says spokesperson

It has been more than a year since Nepal’s central bank, the Nepal Rastra Bank, initiated amendments to the law to enable the issuance of the digital version of the Nepalese rupee. What is the status of its CBDC?
HONG KONG - JUNE 24: Outside view of The Standard Chartered Bank Building is seen on June 24, 2016 in Central, Hong Kong. The result from the historic EU referendum or "Brexit" vote has now been declared and the United Kingdom has voted to leave the European Union. (Photo by Keith Tsuji/Getty Images)

Standard Chartered’s crypto custody arm Zodia launches in Singapore

Zodia Custody owned by Standard Chartered, announced Tuesday that it is launching its services in Singapore for financial institutions.
technology and automation concept

Why DAOs are choking on majority rule and failing their democratic ideals

To solve DAOs’ people problems with mismanagement and bad actors, they need to lean into automation — and take more matters out of human hands.
The logo of Oasys blockchain written in green, on a white background

Gaming blockchain Oasys partners Japan telco KDDI’s αU Wallet, αU Market in Web3 push

Oasys, a blockchain-based game development platform, will team up with non-fungible token (NFT) marketplace αU market and cryptocurrency wallet αU Wallet – a crypto wallet by KDDI, one of Japan’s top three telecom companies – for users to trade NFTs on the αU market. See related article: Weekly Market Wrap: ETF developments bolsters Bitcoin above […]
Bitcoin | Bitcoin, Ether lose key support levels; altcoins slide amid FTX liquidation woes | Markets, BTC, ETH, XRP, FTX

Bitcoin, Ether lose key support levels; altcoins slide amid FTX liquidation woes

Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level. Ether also slid to lose control of US$1,600.
Coins with bitcoin symbol on red light and crypto stocks chart background. Concept of a cryptocurrency market crisis.

Bitcoin, Ether extend losses; G20 eyes global crypto regulation

Bitcoin started the week below US$26,000 while Ether dropped to US$1,611. Toncoin and XRP lead losers in the last 24 hours.
SAN FRANCISCO, CALIFORNIA - OCTOBER 20: Co-founder & Executive Chairman of Animoca Brands Yat Siu speaks onstage during TechCrunch Disrupt 2022 on October 20, 2022 in San Francisco, California. (Photo by Kimberly White/Getty Images for TechCrunch)

Animoca Brands raises US$20 million to boost Mocaverse

Animoca Brands announced Monday that it has raised US$20 million to accelerate the development of Mocaverse, its flagship project.
Web3 concept

Advice for Web3 projects: Your reputation is as important as your runway

Web3 companies often focus on building their tech above all else, but poor public communications can undermine all the work they do.
WASHINGTON, DC - DECEMBER 13: John J. Ray III, CEO of FTX Group, testifies during the House Financial Services Committee hearing titled Investigating the Collapse of FTX Part I, at the US Capitol on December 13, 2022 in Washington, DC. Ray took over the FTX after the resignation of Sam Bankman-Fried. (Photo by Nathan Howard/Getty Images)

FTX sues LayerZero Labs to recover US$21 million

FTX cryptocurrency exchange has filed a lawsuit against LayerZero Labs to recover $21.37 million allegedly withdrawn from the exchange illegally.
SEC chairman Gary Gensler | FTX sues LayerZero Labs to recover US$21 million

U.S. SEC moves to appeal Ripple court decision

The U.S. Securities and Exchange Commission (SEC) submitted a filing last Friday that pushed the court of the Southern District of New York to appeal its ruling on the agency’s lawsuit against Ripple Labs.
Bitcoin | Bitcoin starts week below US$26,000; Ether dips after hack on Vitalik Buterin’s X account; more rate hike worries on Wall Street | Markets, BTC, ETH, SOL, Inflation

Bitcoin starts week below US$26,000; Ether dips after hack on Vitalik Buterin’s X account; more rate hike worries on Wall Street

There was red ink across the crypto market Monday morning in Asia as Bitcoin dipped below US$26,000. Ether also fell to near the US$16,000 mark.
people interacting at korea blockchain week venue in Seoul Korea. Korea Blockchain Week: diverging crypto paths for the US and Asia

Korea Blockchain Week: diverging crypto paths for the US and Asia

The annual Korea Blockchain Week conference in Seoul is running from Sept. 4 to 10. Crypto industry leaders and advocates from around the world have gathered in the South Korean capital to discuss all things blockchain, including the growing regulatory gap between the U.S. and Asia.

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The Current Forkast

An unmissable weekly round up of the biggest stories in emerging tech from an Asian perspective, featuring commentary from Forkast Editor-in-Chief Angie Lau. Check out recent editions.