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What is Web 3.0 and how will it shape the crypto future?

By returning data ownership and reshaping human-machine interactions, the third generation of the internet promises an interconnected future.
DOGE

Memecoins prove their staying power, despite industry skepticism

Last weekend’s rally shows there is still life left in memecoins. Industry insiders weigh in on where they stand in the long run.
Crypto helps fund Ukraine defense against Russia

Crypto helps fund Ukraine defense against Russia

Ukrainian activists and volunteer groups are crowdsourcing significant money through crypto donations to fund the defense against a possible Russian invasion.  Fast facts Ukrainian non-governmental organizations (NGOs) and volunteer groups have collectively received over US$570,000 in crypto, with the majority of funding coming in last year, data from blockchain analysis firm Elliptic shows.  Come Back […]
the logo of coinDCX

Indian crypto exchange CoinDCX crosses 10 million user mark

Indian crypto trading exchange CoinDCX says it has crossed the 10 million user mark. Fast facts CoinDCX had 3.5 million customers as of August last year.  CoinDCX became India’s first crypto unicorn after its Series C funding round led by former Facebook co-founder Eduardo Saverin’s B Capital and others. Established in 2018, the company’s milestone […]
Bitfinex

US seizes $3.6B worth of Bitcoin stolen in 2016 Bitfinex hack

The U.S. Department of Justice (DOJ) has seized over US$3.6 billion worth of Bitcoin linked to crypto exchange Bitfinex’s hack that occurred in 2016, as the country ramps up efforts to combat crypto crime. Fast facts The DOJ said Tuesday in a statement that it has arrested two individuals for allegedly laundering proceeds of 119,754 […]
Kakao Games logo | Kakao Games rebrands subsidiary to focus on crypto, blockchain, Web 3.0

Kakao Games rebrands subsidiary to focus on crypto, blockchain, Web 3.0

Kakao Games announced Tuesday that Friends Games, its subsidiary, will now become Meta Bora to focus on blockchain-based games and entertainment supporting its Bora cryptocurrency. Fast facts “We will work our hardest to help the development of the Web 3.0, such as in blockchain and the metaverse, by integrating Kakao Games’ game industry network and insight […]
Bybit

Bybit teams up with Cabital for more fiat-to-crypto options

Singapore-based cryptocurrency exchange Bybit has teamed up with Cabital, a Hong Kong-based crypto wealth management platform, to offer users more fiat on-ramp pathways to buy crypto. Fast facts Bybit said Tuesday in a statement that through the partnership, its users can use EUR and GBP to buy crypto on the Bybit platform and transfer crypto […]
The word DEFI in gold font color with silver coins

How DeFi can kickstart a sustainable post-pandemic economy

Decentralized finance has not yet done much real-world good, writes Ben Sheppard. But putting it to work on small infrastructure projects can do just that.
Alchemy

Web 3.0 developer Alchemy reaches $10B valuation

Web 3.0 blockchain developer Alchemy announced on Tuesday that it has raised an additional US$200 million, bringing its valuation to US$10.2 billion. Fast facts Led by venture capital firms Lightspeed and Silver Lake, the funding is a continuation of its Series C round launched in October where it raised US$250 million at a US$3.5 billion […]
screenshot of the Legislative Council Panel on Financial Affairs, Christopher hui sitting in the middle, Hong Kong aims to propose virtual asset service provider licensing regime to Legco in Q2

Hong Kong to propose bill to license crypto exchanges

The Hong Kong government intends to propose a licensing system for crypto exchanges, according to a discussion paper published on Monday. Fast facts The proposed amendments to the Anti-Money Laundering and Counter-Terrorist Financing bill will designate any crypto exchange as a “regulated virtual asset activity” and any person who seeks to engage in this work […]
3D NFT marketplace coming to Polygon via Smart MFG

3D NFT marketplace coming to Polygon via Smart MFG

Smart MFG, a blockchain-based supply chain decentralized finance firm, has integrated with Polygon to launch Phigital, a 3D marketplace for non-fungible tokens (NFT). Fast facts Phigital will focus on interoperability of 3D assets across metaverses, and NFTs with real-world use cases. The movement of different assets and NFTs across metaverses has been one of the […]
Bithumb's Beijing Winter Olympics NFT event

Exchange to drop NFTs for each S.Korean medal at Beijing Olympics

Bithumb, one of South Korea’s largest cryptocurrency exchanges, says it will distribute digital art non-fungible tokens (NFTs) for traders who meet the criteria every time South Korea wins a medal at the Beijing Winter Olympics. Fast facts Held jointly with blockchain-based sports content platform 300FIT, the NFTs will be accessible to traders who have transacted […]
Long-term investment or making money with the right concepts. A business man putting coin on stack of coins on a table with growing graph on coins pile. Depicts a standing and stable investment.

Polygon raises $450M led by Sequoia Capital India

Ethereum layer-2 scaling solution Polygon has raised US$450 million from several big name investors including Sequoia Capital India, SoftBank, Galaxy Digital and Tiger Global, boosting its war chest as demand for its services grow.  Fast facts Polygon is one of the most prominent Ethereum scalers whose tools allow developers to create decentralized apps (dApps) and […]
four reselling NFT item on the second-hand platform Xianyu,

China state-backed paper’s NFTs surge in price on second-hand market

“Digital collectibles” issued by Shanghai Securities News are trading at least 13 times their original price on China’s largest second-hand trading platform, despite state media’s criticism of the non-fungible token (NFT) frenzy.  Fast facts In China, the phrase “digital collectibles” is often used to avoid references to NFTs. The collectibles are now available on the […]
blackpink

Binance, BLACKPINK’s K-pop agency to develop NFTs, other projects

Binance, the world’s largest crypto exchange, has partnered with YG Entertainment, a top K-pop entertainment agency, to develop non-fungible tokens (NFTs), metaverse and gaming projects, despite fans’ concerns over the potential environmental impact. Fast facts Binance announced Tuesday that it will provide the NFT platform and technology support, while YG will supply the content. Helen […]
Man walking past Mitsubishi UFJ headquarters | Japan’s Mitsubishi UFJ to issue yen-pegged stablecoin: report

Japan’s Mitsubishi UFJ to issue yen-pegged stablecoin: report

Japan’s largest bank, Mitsubishi UFJ Trust (MUFJ), plans to issue a yen-pegged stablecoin in 2023 for instant settlement of securities transactions, according to Nikkei Asia. Fast facts By accelerating the settlement process, Mitsubishi UFJ hopes to cut costs arising from settling securities transactions by fiat, which usually takes a few days to process. Japan’s Financial […]
SHIB

Dogecoin, Shiba lead memecoin pack in market rally

Memecoins, led by Dogecoin (DOGE) and Shiba Inu (SHIB), have been among the biggest movers in this week’s rally, gaining more than 20% in market cap as a token category over the past 24 hours, Tuesday morning Asia time, according to CoinGecko. Fast facts SHIB was one of the strongest performers, gaining almost 30% in […]
Bitcoin2.0 1

Year’s biggest rally pushes crypto market cap above $2 trillion

After a poor start to the year, the market needed some good news. Industry watchers urge caution.
Money bag with digital rupee (rupiah) sign and magnifying glass. The concept of finding sources of investment and sponsors. Charitable funds. Startups and crowdfunding. Search for available loans. Find a job.

India’s digital rupee to run on state-backed e-wallets

The Reserve Bank of India’s (RBI) digital rupee will run on a government-mandated electronic wallet that will allow the central bank to be the middleman between merchants and customers, a top government official told the Press Trust of India.  Fast facts The government official said the nation’s central bank digital currency (CBDC) is likely to […]
Indian crypto investment turns to armed robbery, over $267K looted

Indian crypto investment turns to armed robbery, over $267K looted

An Indian auto parts dealer became the victim of a US$267,000 cryptocurrency scam after local police closed the case on what was determined to be a hoax call on Friday, local media reported.  Fast facts 29-year-old victim Vinay Jain told police on Saturday that he had been robbed by the accused who had promised him […]
North Korea flag is depicted on the screen with the program code. The concept of modern technology and site development | North Korea funds missiles with cyberattacks on crypto exchanges: Reuters

North Korea funds missiles with cyberattacks on crypto exchanges: Reuters

North Korea has been funding its nuclear and ballistic missile programs with profits from cyberattacks on crypto exchanges, Reuters reported, citing a confidential United Nations (U.N.) report. Fast facts “According to a member state, DPRK cyberactors stole more than US$50 million between 2020 and mid-2021 from at least three cryptocurrency exchanges in North America, Europe […]
Russia

Russian lawmaker suggests minimum 15% tax for crypto miners

A prominent Russian lawmaker has proposed a personal income tax rate of at least 15% for crypto miners, according to local media reports, as the country continues to debate regulations for the industry. Fast facts Vladimir Gutenev, who chairs an industry committee at the Duma, parliament’s lower house, said at a Friday briefing that mining […]
OpenSea

Number of unique NFT buyers soars to all-time high in January

Unique non-fungible token (NFT) buyers hit an all-time high (ATH) in January with more than 895,000 shoppers, according to data tracker CryptoSlam. Fast facts The new ATH recorded an almost 3,000% year-over-year increase and a 6.5% month-over-month growth. The number of unique sellers grew by almost 14% from December to January with 741,865 vendors, just […]
Donation drawing

Crypto donations rise by 1,558% on The Giving Block in 2021

Charitable donations on crypto philanthropy platform The Giving Block rose by 1,558% in 2021, the company announced in its annual report. Fast facts The Giving Block’s crypto donation volume increased in each quarter of 2021 and surpassed US$69 million in total donations, with an average of US$10,455 worth of crypto per donation. As cryptocurrency is […]
form 1040 for declaration of personal income tax 2021 08 28 02 26 20 utc

US taxpayer rejects IRS refund for staking rewards

A U.S. taxpayer fighting the Internal Revenue Service (IRS) over whether newly created tokens are taxable income announced Thursday that he has rejected the government’s offer of a refund in order to force the government to clarify its policy. Fast facts On Thursday, Joshua Jarrett shared on Twitter that the IRS had offered him a […]
Indian investors want the government to reconsider crypto tax rate

Indian investors want government to reconsider crypto tax rate

Over 54,000 crypto investors have signed a petition urging the Indian government to reconsider a planned 30% tax rate announced earlier this week.  Fast facts Blockchain and crypto education provider Crypto India co-founder Aditya Singh started the petition on Thursday to stop the government from comparing crypto to “social evils like betting and gambling.” The […]
Wash Trading

Wash trading in NFT marketplace LooksRare can inflate prices: analysts

While sales volumes on NFT marketplaces thrive, new data show much of this comes from manipulating sales — painting the whole industry in a different light.
Baby Shark Bubble Pong Friends game | ‘Baby Shark’ to bite into the P2E pie with planned mobile game

‘Baby Shark’ to bite into P2E pie with planned mobile game

The beloved Pinkfong Baby Shark franchise is getting its own blockchain-based play-to-earn (P2E) game, set for a worldwide release in the first half of this year, South Korean developer CityLabs announced on Thursday. Fast facts The Baby Shark Bubble Pong Friends game has been teased as a bubble-shooter puzzle game where players transact in cryptocurrencies […]
NFT fraud pixabay free image

$10M in NFT money laundering, fraud likely to grow in 2022: report

The two most popular NFT-related crimes, money laundering and wash trading, resulted in illicit profits of US$10 million in 2021, according to a report released Wednesday by blockchain forensics firm Chainalysis. Fast facts While the US$10 million of global NFT criminal activity is relatively small, Chainalysis reported a spike in the use of illicit funds […]
Wormhole

Solana DeFi avoids meltdown as Wormhole loss replaced

Jump Crypto announced that it replaced 120,000 ETH Friday morning Asia time to its cross-chain bridge Wormhole after a US$325 million exploit left wrapped Ether (wETH) in the Solana ecosystem unbacked. Fast facts The hacker was able to exploit Solana’s verification system to mint 120,000 wETH, and use it to funnel at least 93,750 ETH […]
China Says Market To Decide Yuan's Value

What I learned from my role in digitizing the yuan

CBDCs are vulnerable to hacking and the powers of quantum computing, cybersecurity expert Amnon Samid writes. Central banks must heed the warning.
liquidFTX

FTX to buy Asian fintech Liquid for undisclosed sum

Fresh off a US$32 billion valuation, crypto derivatives exchange FTX Trading said Wednesday it will acquire its Japanese competitor Liquid Group and all its subsidiaries. Fast facts The deal is expected to close in March, according to a Liquid release. “Following FTX’s acquisition of Liquid, Quoine will gradually integrate FTX’s products and services into its […]
Blockchain icons, will blockchains' future be multi-chain or cross-chain.

Will blockchain’s future be cross-chain or multi-chain?

Vitalik Buterin caused an uproar over his recent criticisms of blockchain bridges. Here is a rebuttal in support of this nascent technology.
Indian cryptocurrency investors are not happy about the 30% tax on crytpo

India crypto tax: Exchanges cheer, investors jeer

A 30% tax doesn’t legalize cryptocurrencies but exchanges no longer worry about a ban, while investors would pay taxes at twice the rate of other asset gains.
Andrew "Twiggy" Forrest. Image: Daniel Carson via Getty Images

Aussie mining billionaire files suit against Meta over crypto ads

Australian resources mining billionaire Andrew “Twiggy” Forrest is taking Meta (formerly Facebook) to court alleging the social media giant breached local money-laundering laws by failing to prevent false cryptocurrency advertisements on its platform. Fast facts In legal proceedings lodged in the Western Australia Magistrates Court, Forrest alleges Meta “failed to create controls or a corporate […]
Bitcoin displayed on phone screen on top of rupees laid out on desk with pen and wallet

Indian crypto tax ends fears of ban as investors brace for impact

Top blockchain and crypto news: New Delhi’s crypto give and take. Malice in Wonderland? Hong Kong’s selective spot ETF rules.
Members of the Sovereign Yidindji Government. Image: Yidindji Sovereign Government.

Australian Aboriginal sovereign CBDC up and running

In a first for the country, the Sovereign Yidindji Government in Australia has issued a CBDC with its first transaction occurring this week.
Indian crypto exchanges trading volumes surge since tax news

Indian crypto exchanges trading volumes surge since tax news

Indian crypto exchanges are experiencing a surge in trading volume since finance minister Nirmala Sitharaman announced a 30% tax on crypto transfers at the budget session of parliament on Tuesday.  Fast facts Binance-owned WazirX’s 24-hour trading volume has soared by 56.26% while its WRX token price jumped 25.3%, as of press time.  The trading volume […]
Man inspecting a Bitcoin, self-regulation in the crypto industry

Crypto adoption may rise as industry self-regulates

Crypto regulations are lagging the market’s needs, and the industry should help create order to gain greater public trust, writes Imgesu Cetin of Defy Trends.
Mintable launches vampire attack on OpenSea

Another NFT marketplace launches ‘vampire attack’ against OpenSea

Mark Cuban-backed non-fungible token (NFT) marketplace Mintable launched a self-described vampire attack against top marketplace OpenSea by selling popular collectibles at a loss. Fast facts Singapore-based Mintable conducted a fire sale of nine Mutant Ape Yacht Club NFTs by selling them 1 to 2 ETH below their floor price on Jan. 26, while another was […]
John Deaton, the lawyer for XRP holders petitioning to congress, talks to Forkast

Non-US XRP investors petition for congressional investigation of SEC

Lawyer for 63,000 XRP investors invites non-US investors to demand a congressional investigation of the SEC for impropriety.
Sprout plant and bitcoin, growth of bitcoin cryptocurrency tax

India to place 30% tax on crypto income

Indian Finance Minister Nirmala Sitharaman said in her budget speech on Tuesday that a 30% tax will be levied on income from all cryptocurrency or digital assets transfers.  Fast facts The levy on cryptocurrency will also apply to non-fungible tokens (NFTs) and gifts, where the recipient will be taxed. In case of losses from crypto […]
Nirmala Sitharaman, India Finance Minister announced digital rupee issuance in the next financial year

India FM: RBI to issue blockchain-based digital rupee

Indian Finance Minister Nirmala Sitharaman confirmed at the parliament budget session on Tuesday that the Reserve Bank of India (RBI) will issue a digital rupee based on blockchain, as she proposed the issuance for financial year 2022-23. Fast facts “Digital currency will also lead to a more efficient and cheaper currency management system,” the minister […]
Bangkok

Thailand scraps proposed 15% crypto withholding tax after backlash

Thailand has axed plans to apply a 15% withholding tax on crypto transactions after a backlash from crypto traders within the country, the Financial Times reported. Fast facts Last week, Thailand’s financial authorities announced plans to tighten regulation on the industry — including the 15% tax — aimed at limiting the widespread adoption of digital […]
phantom

Solana wallet Phantom brings valuation to $1.2B after $109M Series B

Phantom announced that it has raised US$109 million in Series B funding led by investment firm Paradigm to raise its valuation to US$1.2 billion, the Solana-based crypto wallet announced on Monday. Fast facts Its app also launched for iOS devices on Monday after its browser extension wallet on Solana gained nearly 2 million monthly users […]
Zuckerberg

Meta sells stablecoin Diem project for $182M

Meta (formerly Facebook)-backed stablecoin project Diem’s intellectual property and assets have been sold to cryptocurrency bank Silvergate Capital Corporation for US$182 million, both entities confirmed on Monday. Fast facts “[W]e identified a need for a U.S. dollar-backed stablecoin that is regulated and highly scalable to further enable them to move money without barriers,” said Silvergate […]
House Financial Services Committee Examines Digital Assets

FTX reaches US$32B valuation after closing $400M series C

The owner and operator of cryptocurrency exchange FTX.COM announced Monday it closed US$400 million in a Series C fundraise that now values the company at US$32 billion. Fast facts Investors participating in this round included Temasek, SoftBank Vision Fund 2 and Tiger Global, among others. The company said all of the investors have participated in […]
China gets ready for its e-CNY digital yuan showcase at the Beijing Winter Olympics 2022

Five questions about the digital yuan at the Winter Olympics

All eyes will be on Beijing for the upcoming games — will China use the spotlight to officially launch its CBDC?
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Gimuy

Territory in northeastern Australia launches own CBDC

The Sovereign Yidindji Government (SYG) in northeastern Australia has released a central bank digital currency (CBDC) and a digital ID system on blockchain wallet network MetaMUI. Fast facts The Aboriginal people of Yidindji have lived in the territory for over 60,000 years and in 2014 established the SYG. The SYG and the Australian government, including […]
Vaccine

Zuellig Pharma to use its blockchain tool to track Covid vaccines

Singapore-based medical service firm Zuellig Pharma is using its blockchain-based medical tracking tool eZTracker to enhance vaccine transparency by flagging expired or mismanaged Covid-19 shots. Fast facts The eZTracker system verifies the authenticity of vaccines and other medical products to improve supply chain transparency and prevent black market distribution of supplies. QR codes on product […]
Hong Kong cityscape | Hong Kong retail investors blocked from crypto spot ETFs

Hong Kong retail investors blocked from Bitcoin spot ETFs

Hong Kong’s financial regulators released new guidelines on Friday that restrict retail investor access to financial products that invest directly in digital assets. Fast facts In a joint circular released by the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), the regulators placed sales restrictions on non-derivative products such as crypto […]
Left: physical models of cryptocurrencies Bitcoin, Monero, Ethereum and Litecoin laid out on flat surface. Right: Lunar New Year red packet.

Are crypto e-red packets a thing for the Lunar New Year?

Digital payments are commonplace in Asia, but gifting crypto as lucky money remains niche.
Japan must cooperate with Europe, US on CBDC, BOJ says

Japan must cooperate with Europe, US on CBDC, BOJ says

The Bank of Japan’s (BOJ) chief called on the U.S. and Europe to cooperate on creating a global technical standard for a central bank digital currency (CBDC), Reuters reported on Friday.  Fast facts The central bank has not made a decision on the issuance of a CBDC, but has conducted experiments while deliberating on the […]
Metaverse, Warner Music is ready to play in The Sandbox metaverse

Warner Music is ready to play in The Sandbox metaverse

The record label conglomerate Warner Music Group (WMG) announced it will create a music-themed digital world in The Sandbox metaverse. Fast facts WMG confirmed its partnership with The Sandbox on Thursday, expanding the music company’s venture into non-fungible tokens (NFTs) and the metaverse. The Sandbox is a subsidiary of blockchain unicorn Animoca Brands, with high […]
Netmarble's Marvel Future Revolution | S.Korean gaming giant Netmarble to issue own cryptocurrency

S.Korean gaming giant Netmarble to issue own cryptocurrency

South Korean game developer Netmarble announced its crypto and play-to-earn (P2E) strategies at a press conference on Thursday, including plans to issue its own cryptocurrency. Fast facts Netmarble CEO Kwon Young-sik said the company is preparing to issue and list a crypto token that would act as a key currency for Netmarble games. Netmarble has […]
Diagram of mBridge international settlements pilot

Hong Kong to pilot international trade settlement for mBridge this year

Hong Kong’s central bank digital currency (CBDC) project with three other central banks and the Bank of International Settlements (BIS) will enter its pilot stage this year to test international trade settlements, a Hong Kong government official said. Fast facts Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, said on Wednesday the […]
Apple

Apple to turn iPhones into payment terminals

Apple is planning a new service that will allow small businesses to accept credit card payments directly on their iPhone without additional hardware, according to a report by Bloomberg. Fast facts Apple’s move has stoked speculation that the company may be paving the way for its devices to also allow crypto payments in the future. […]
OpenSea NFT marketplace logo on laptop with shopping carts and bags placed in front.

What is OpenSea and why is everyone talking about it?

OpenSea is the world’s largest open marketplace for NFTs. Find out what’s driving everyone there in this Forkast explainer.
stack of bitcoins and piggy bank on pink 2021 08 29 21 19 53 utc

SEC scrutinizing crypto lending by Celsius, Gemini, Voyager: reports

The U.S. Securities and Exchange Commission is scrutinizing the cryptocurrency companies Celsius Network, Gemini Trust and Voyager Digital about their practice of paying interest on crypto token deposits, Bloomberg.com reported on Thursday. Fast facts The SEC has begun an enforcement review focused on whether these tokens are unregistered securities, the report states, citing unnamed sources […]
One bitcoin coin resting to paper dollars, A new financial architecture is here. Who will own it

Why governments have powerful incentives to develop digital currencies

CBDCs can increase financial inclusion and prevent crime, according to blockchain expert Tiana Laurence. What’s not to like about state-backed digital money?
Regulatory uncertainty has not slowed down India crypto sector

Regulatory uncertainty has not slowed down India’s crypto sector

With new products and services being launched and international exchanges setting up camp, crypto startups thrive despite the shadow of a crypto ban.
Korea Communications Commission's new council launch on the metaverse | Sexual harassment in metaverse triggers S.Korean gov’t response

Sexual harassment in metaverse triggers S.Korean government response

South Korea’s media regulation agency has launched a council to discuss user protection on the metaverse, including the issue of sexual harassment targeting minors. Fast facts The council, under the Korea Communications Commission, consists of 30 professionals in media, law, technology and industrial management, and will discuss issues in the metaverse such as violence, sexual […]
Kremlin

Russia’s finance ministry calls for crypto regulation, not ban

The Russian finance ministry called for the regulation of cryptocurrencies on Tuesday, opposing the central bank’s proposal last week to ban crypto mining and usage. Fast facts Ivan Chebeskov, director of the finance ministry’s financial policy department, told Russian outlet RBC that a ban on crypto transactions and mining could hamper the country’s growth in […]
BSN Klaytn

Kakao’s Klaytn latest to join China’s BSN International

Klaytn, a public blockchain platform under South Korean internet giant Kakao, has joined China’s Blockchain-based Service Network’s (BSN) international infrastructure. Fast facts Klaytn’s joins fellow public blockchains Ethereum, Solana, Tezos and Polkadot in BSN International, to become accessible to the 25,000 developers in the ecosystem. The BSN is a Chinese state-backed project that is split […]
hundred dollar bills lot of money 2021 09 01 16 54 16 utc

Amid SEC lawsuit, Ripple buys back stock and raises value to US$15B

San Francisco-based Ripple Labs announced Tuesday that on the heels of a strong year it bought back the shares it sold in a 2019 fundraise and is now valued at US$15 billion. Fast facts The blockchain payments platform developer is in the middle of a 13-months-long lawsuit filed by the U.S. Securities and Exchange Commission […]
cryptocurrency golden bitcoin image for crypto cur 2021 10 21 04 34 28 utc

Crypto market briefly up, then falls as US Fed leaves interest rates unchanged

The global cryptocurrency market rose along with smaller gains in the broader equity and bond markets in the aftermath of a Federal Reserve Open Market Committee statement Wednesday afternoon that it would leave interest rates untouched at near zero but expects to raise them soon. As the market digested the latest report, prices began trending […]
stack of bitcoin in hands of thief wearing gloves 2021 08 29 21 23 31 utc 1

Cybercriminals launder $8.6B in 2021, up 30%: Chainalysis

The amount of cryptocurrency used in money laundering activities increased 30% in 2021 compared to the year before, but represents a smaller portion of total transactions, according to an annual crypto money laundering report by Chainalysis, a blockchain data analytics firm.  Fast facts Cybercriminals laundered US$8.6 billion worth of cryptocurrency last year, with the total […]
KZ migration

Crypto mining’s Great Migration continues — out of Kazakhstan

Political chaos and power shortages are causing miners to flee a nation that only recently became the world’s second-largest Bitcoin producer.
cpu vulnerability 3d render hacked processor con 2021 09 04 04 07 09 utc

Crypto market suffers mauling as bears go berserk

Top blockchain and crypto news: Market chills make investors shiver. Hacking storm at OpenSea. Has Beijing tamed NFTs?
Gwanghwamun, Seoul | S.Korea crypto market growing but needs promotion, not just regulation: report

S.Korea crypto market growing but needs promotion, not just regulation: BCG

Boston Consulting Group (BCG), one of the Big Three global management consulting firms, says the South Korean crypto market will be worth around 1,000 trillion won (about US$835 billion) in 2026, while calling for a brand new regulatory framework. Fast facts The number comes from BCG Korea’s Future of Asset 2022 report, which said South […]
the homepage of Lingjing People's Gallery, People's Daily controlled company launched a NFT gallery

People’s Daily online launches NFT gallery

People.cn, the online arm of the Communist Party of China’s party newspaper People’s Daily, launched a “digital collectibles” NFT gallery on Tuesday and hinted that it might launch artwork trading, even though authorities in the past have criticized the non-fungible token (NFT) market for its hype and speculative behavior by investors. Fast facts “Digital collectibles” […]
top view of bangkok cityscape at night mahanakhon 2021 08 30 10 24 54 utc

Thailand to regulate cryptocurrency as payment method

Thailand’s financial authorities have unveiled a plan to issue regulations that would “limit the widespread adoption of digital assets as a means of payment for goods and services” in a bid to protect the country of 70 million people. Fast facts Thailand’s Securities and Exchange Commission (SEC), Ministry of Finance (MOF) and The Bank of […]

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