Forkast.News is now Forkast Labs
Final Fantasy XIV: Endwalker | Japan’s Square Enix reveals blockchain gaming ambitions for 2022

Japan’s Square Enix reveals blockchain gaming ambitions for 2022

Yosuke Matsuda, president of Square Enix — the game developer behind Final Fantasy, Dragon Quest and Kingdom Hearts — recently reiterated the company’s blockchain ambitions while acknowledging ongoing concerns about the new trend. Fast facts In a new year’s letter posted on the company website, Matsuda emphasized that incorporating blockchain technology into gaming holds “the […]
birthday cake with candles and drip icing 2021 08 29 09 29 22 utc

Bitcoin at 13: The new age of crypto

With wider acceptance as a financial asset, a teenage Bitcoin may not see the explosive 200% average annual returns of the past, but also may experience less price volatility.
blockchain technology concept 2021 08 26 15 33 00 utc 2

Top 5 blockchain trends for 2022 and beyond

Looking beyond this year’s headlines like El Salvador’s Bitcoin adoption, here are the key developments in blockchain technology that will have lasting impact in the new year and beyond.
South Korea flag waving against cloudy sky | South Korea cryptocurrency exchanges update

South Korea crypto exchange underdogs: Where are they now?

A regulatory hurricane swept away half of South Korea’s crypto exchanges in 2021. Who are the survivors — and are there larger lessons for the rest of the world?
bitcoin and safety lock, How to protect crypto privacy in the age of regulation

How to protect crypto privacy in the age of regulation

It’s a myth that crypto transactions are anonymous, writes Warren Paul Anderson of Discreet Labs. Confusing anonymity with privacy is what causes trouble.
Developing in Asia: Forkast’s 5 biggest regulatory stories in 2021

Crypto in Asia: 5 top fintech regulatory stories of 2021

Countries acted to encourage — or discourage — cryptocurrency and other blockchain-based assets, sending markets wildly up and down.
Ethereum

The top 5 ‘Ethereum killers’ of 2021

Ethereum was game-chaging at its 2015 launch, but today it’s showing its age. As Eth2 upgrades slowly unfold, who are the top rivals trying elbow out the #2 blockchain?
the word of rules on wooden blocks, What lies ahead for crypto regulations in 2022

What lies ahead for crypto regulations in 2022

From China’s ban to FATF’s travel rule, crypto regulations have been top of mind this year. How might regulatory impulses and current trends play out?
various cryptocurrency coins, How DeFi is devouring traditional finance, bit by bit

How DeFi is devouring traditional finance, bit by bit

2021 will go down as the year the DeFi giant woke up, writes Derek Alia of Futureswap. What lies in store for decentralized finance in the year to come?
Hands holding crystal ball with icons of Bitcoin, Ethereum, NFTs and community

Looking ahead: 3 crypto predictions for 2022

As 2021 draws to a close, what are this year’s milestones and trends to watch in the year ahead? Forkast.News consults experts to find out.
Bitcoin

Year in cryptocurrency: biggest surprises of 2021

While increasing crypto adoption was predictable, 2021 also saw much that was unexpected. Here are the events that shocked even crypto natives.
Screen Shot 2021 12 23 at 12.02.00 AM

Hackers infiltrate Monkey Kingdom NFT community, steal US$1.3M

Hackers scam 7,000 Solana, or US$1.3 million, from would-be buyers of a new NFT collection of the Monkey Kingdom project.
olympic-flag-featured, These e-CNY hard wallets might get people talking at the Winter Olympics

These e-CNY hard wallets might get people talking at the Winter Olympics

China prepares to show off its tech innovation muscles at the Beijing Winter Olympics as it unveils some unusual-looking wallets for its new digital yuan.
and
compliance on a keyboard, Will 2022 be the year of crypto regulation?

Will 2022 be the year of crypto regulation?

Global shifts are underway in crypto regulations, writes Huong Hauduc of Bequant. How might the political and market forces play out next year?
Crypto Santa’s naughty and nice list for Christmas 2021

Crypto Santa’s naughty and nice list for Christmas 2021

Who in the crypto world deserves Santa love this year, and whose chimney should be snubbed? The elves at Forkast.News help the big man with his list.
blockchain

Year in review: Top China blockchain news in 2021

China tries to stamp out Bitcoin mining while increasing its influence over blockchain technology and preparing the digital yuan for launch. What lies in store for 2022?
and
bitcoin and wallet, Why I got a Bitcoin wallet, and how it can be used for crypto gift-giving and receiving

Why I got a Bitcoin wallet, and how it can be used for crypto gift-giving and receiving

Curious to use Bitcoin but don’t know where to start? Forkast.News explains how.
The word DEFI in gold font color with silver coins

Are liquidity miners mercenary capitalists or infrastructure providers?

Liquidity mining plays a unique role in the DeFi ecosystem. How does it work?
Atlantic Council CBDC tracker map

CBDC tracker shows U.S. falling further behind

Of the Big Four central banks, including those of the EU, UK and Japan, only the Federal Reserve has not progressed beyond research mode in central bank digital currencies.
Cryptocurrency coins in sand | Japan’s SBI invests in Singaporean crypto exchange Coinhako

Japan’s SBI invests in Singapore crypto exchange Coinhako

Japan’s financial conglomerate SBI Holdings announced a joint investment in Singapore’s virtual asset exchange Coinhako with Switzerland-based Sygnum Bank. Fast facts The investment is made through a fund formed in Singapore named the SBI-Sygnum-Azimut Digital Asset Opportunity fund. SBI expressed certainty in supporting Coinhako’s international expansion and other startups that have growth potential in the […]
and
Official website of Maezawa's NFT, 'Rendezvous' | Japanese billionaire issues NFT from space

Japanese billionaire Yusaku Maezawa issues NFT from space

Yusaku Maezawa, founder of Japan’s largest online fashion retailer Zozotown, tweeted about turning a photo he took in space into a non-fungible token (NFT), saying it may be the very first NFT to be issued from space. Fast facts Named “Rendezvous,” the NFT includes a photo that Maezawa took while the Russian Soyuz MS-20 he […]
and
Golden bitcoins and South Korea flag | Spending mistakenly sent Bitcoin will not be punished: South Korea ruling

Bitcoin sent by mistake, recipient will not be punished for keeping it: South Korea ruling

An investor who received $1.25M in Bitcoin by accident will not be criminally penalized, raising questions on the legal status of cryptocurrencies.
Moderation

Does content moderation on platforms like OpenSea amount to censorship?

What are the responsibilities of blockchain companies when it comes to freedom of expression? A controversial cartoonist finds out the boundaries.
GameFi tokens and stablecoins can now be used to pay for goods and services

xSpend allows GameFi tokens, stablecoins to pay for real-world goods and services

Crypto finance platform XLD Finance wants to enable users to spend GameFi tokens and stablecoins to pay for real-world goods and services. Fast facts The company has launched its first project, xSpend, which allows users from Bangladesh, India, Indonesia, Malaysia and the Philippines to purchase mobile prepaid credits on the platform using GameFi tokens and stablecoins. Users may also pay Philippine-based […]
Jack Dorsey's Block is getting sued for trademark infringement over new name

H&R Block claims trademark infringement by Square’s new name ‘Block’

U.S.-based tax preparation service company H&R Block has filed a trademark infringement case over Square’s new name, Block. Fast facts The lawsuit states: “Block brings this lawsuit to protect consumers from being deceived and to prevent a Silicon Valley tech company from stealing Block’s name.” According to a press release from H&R Block, fintech firm […]
port of Antwerp, How blockchain can transform the global shipping sector

How blockchain can transform the global shipping sector

Blockchain promotes trust and can greatly cut transaction costs, writes Edmund To of GSBN. So why is the shipping industry still clinging to paper documents?
Ethereum

New Cosmos, Mastercard projects to boost Ethereum scalability

With Ethereum usage at all-time high, a Cosmos ‘bridge’ to other blockchains and Mastercard rollups aim to solve a major problem plaguing the Eth network.
stablecoin concept expressed as coins juxtaposed with US$1 bills

Regulators and the problem of unstable stablecoins

Federal regulators have turned their sights on stablecoins. But is the attempt to tame this digital currency too late?
presents g5de115ed8 1280

The Forkast.News guide to last-minute blockchain and crypto gift ideas

Not yet done with your holiday shopping? Here are ideas for all the loved ones on your list, whether they are tech-savvy or merely crypto-curious.
Nexon's KartRider | Game company Nexon America now accepts crypto for in-game items

Game company Nexon America now accepts crypto for in-game payments

Asia’s gaming giant Nexon’s US subsidiary supports cryptocurrencies for players in buying items inside its popular online games.
court

Court in Beijing says losses caused by crypto mining deals not protected by law

In a contract dispute case, a Beijing court in Chaoyang district on Wednesday ruled a legal arrangement for Bitcoin mining to be invalid, signaling how China’s legal system may view future crypto-related disputes. Fast facts In May 2019, the plaintiff, Fengfu Jiuxin company, signed purchases and services contracts with blockchain technology company Zhongyan Zhichuang, with the latter […]
a gamepad, Gaming’s new tipping point and why Meta matters

Venture capitalists are falling for play-to-earn gaming startups

Games like Axie Infinity are now the darlings of big investors. Does it matter that revenue is falling and many players earn less than the minimum wage?
canaan genesis

Chinese mining rig maker Canaan secures purchase order from Genesis for 30K units

While China continues to stamp out cryptocurrency mining, the mining rig producers continue raking in the deals. The latest: Canaan, a Chinese crypto mining rig maker, has secured a follow-on contract from Genesis Digital Assets for 30,000 units of Avalon Bitcoin mining machines, with another 150,000 units to be executed. Fast facts Back in August, […]
avalanche

Avalanche price surge leads minor market rebound

After two weeks of a downward price spiral, the market showed some signs of life this morning, with most coins managing to rise about 5% coming into business hours Asia time. AVAX, however, the native token of the Avalanche blockchain, gained almost 25% overnight to reach a two-week high of US$106.87 and finding itself in […]
Jordan2

NBA is taking the lead with blockchain, crypto

The National Basketball Association has been ahead of the game in crypto adoption, but after a week of major developments, the league is now way out in front.
Lotte Cinema main webpage promoting The Matrix Resurrections | The Matrix Resurrections NFTs minted for South Korean moviegoers

Matrix Resurrections NFTs reward moviegoers who reserve tickets in South Korea

Lotte Cinema, one of South Korea’s largest movie theater chains, is giving away NFTs (non-fungible tokens) of the movie “The Matrix Resurrections” to people who reserve tickets to the latest addition in the popular science fiction series that depicts life in a simulated reality. Fast facts In collaboration with Warner Bros. and NFT tech startup […]
NFT concept, Running on empty: How NFT drops drive up gas fees – and transaction anxiety

Running on empty: How NFT drops drive up gas fees — and transaction anxiety

Gas fee unpredictability is a highly problematic aspect of the Ethereum ecosystem, writes Matt Cutler of Blocknative. What are the solutions?
The Spatial metaverse | Metaverse startup Spatial raises US$25 mil in Series B

Metaverse startup Spatial raises $25M in Series B

Metaverse platform Spatial assembled a Series B funding round worth about US$25 million, with new investments from Maven Growth Partners, Pine Venture Partners, South Korea’s KB Investment, Korea Investment Partners, Mirae Asset and others. Fast facts With the Series B, Spatial gathered an accumulated investment amount of over US$49.6 million. Investors from past funds included […]
Bagan, Myanmar

Myanmar’s resistance routes funding through Tether

Top blockchain and crypto news: Can stablecoins bankroll democracy? Nike swooshes into the metaverse. Animoca and Bored Apes venture deeper into the gaming jungle.
Astro Boy (Animated) | Tezuka Osamu’s Astro Boy NFTs auctioned on OpenSea

Tezuka Osamu’s Astro Boy NFTs auctioned on OpenSea

Legendary Japanese manga artist Tezuka Osamu’s beloved “Astro Boy,” which was first published in 1952, has been made into NFT (non-fungible token) collectibles, one of which was listed on OpenSea for auction. Fast facts With the help of NFT solution startup double jump.tokyo, Tezuka Productions launched its first official NFT art project — “From the […]
Binance

Binance to set up digital asset exchange in Indonesia with local telecom giant

Binance, the world’s largest cryptocurrency exchange, today announced that it has set up a joint venture with the venture capital arm of Telkom Indonesia, the country’s largest telecommunication company, to develop a new digital asset exchange there. Fast facts Binance said in a statement that it has teamed up with MDI Ventures — a US$830 […]
Melbourne

Australia on track for a crypto boom by 2030, EY report says

The report says the country’s crypto industry could swell by up to 30 times its current size in the coming decade.
Bitcoin miner, China’s Zhejiang province busts dozens of state-owned entities for mining crypto

China’s Zhejiang province busts dozens of state-owned entities for mining crypto

An internet authority in East China’s Zhejiang province has identified in July 4,699 IP addresses in the province that were involved with cryptocurrency mining, and among them 183 addresses were related to 78 state-owned entities, according to a Tuesday article published on the website of China’s Central Commission for Discipline Inspection (CCDI), the country’s anti-corruption […]
and
Myanmar’s shadow government uses Tether in its fight against military rule

Myanmar’s shadow government uses Tether in its fight against military rule

The National Unity Government recognizes Tether as an official currency, defying the cryptocurrency ban imposed last year.
brinc

Hong Kong-based Brinc closes $130M funding led by Animoca Brands to fuel Web 3.0 growth

Brinc, a Hong Kong-headquartered venture capital focused on Web 3.0, today announced that it has secured US$30 million in a Series B round and an additional US$100 million for startup investments. The funding was led by Animoca Brands — a Hong Kong-based blockchain gaming, metaverse and non-fungible token (NFT) company — to further fuel Brinc’s investment in […]
Musk Tesla t shirt

Latest Elon Musk plug sends Dogecoin price soaring — briefly

Dogecoin rallied 31% when Elon Musk tweeted that Tesla will accept it for payment of “merch.”
nike acquired RTFKT,

Nike takes next step into metaverse with virtual sneaker maker RTFKT

Nike announced the acquisition of a company that designs fashion clothing for the metaverse, RTFKT Studios, once noted for selling 608 pairs of NFT shoes in just six minutes. Fast facts After announcing the acquisition, both Nike and RTFKT Studios tweeted videos, each containing the logos of Nike, Jordan, Converse and RTFKT. RTFKT Studios, founded […]
HK

US SPAC’s refusal to merge with Hong Kong crypto firms raises questions

Crypto 1 will consider acquisition targets worldwide but steer clear of digital assets companies in China and Hong Kong. Are the lights dimming on a major crypto hub?
woman with VR equipment, How the metaverse can become a trillion dollar opportunity

Why the metaverse is a trillion dollar opportunity

Metizens can already attend concerts, visit art galleries and earn money in a metaverse, writes Joe Caselin of Hex Trust. What’s coming next?
Vulcan Forged replaces majority of tokens worth US$140M stolen in hack

Vulcan Forged replaces majority of tokens worth $140M stolen in hack

Blockchain gaming studio Vulcan Forged was hacked on Tuesday and 4.5 million PYR, the platform’s native token, was stolen, the company announced on Twitter. Fast facts Vulcan Forged also runs a decentralized exchange and a non-fungible token (NFT) marketplace. The attacker gained the private keys to 96 wallets and proceeded to empty them, making off […]
Basketball game, Sports and crypto: knocking it out of the park

How sports and crypto are knocking it out of the park

The billion-dollar intersection of sports and crypto is a big win for all, writes Ben Armstrong, aka BitBoy Crypto. Here’s how to make sense of this seismic cultural shift.
Seoul skyline at the gangnam district | Wemade invests in proptech blockchain company Kasa

South Korea’s WeMade invests in blockchain property startup Kasa

South Korean video game developer WeMade revealed today it has invested in Kasa, a blockchain-based digital asset-backed securities (DABS) trading platform with a focus on prop-tech — where information technology is applied to real estate economics. Fast facts Kasa is a platform where users can invest in commercial buildings with small amounts of money, similar […]
Animoca BAYC

Bored Ape Yacht Club teams up with Animoca Brands to develop play-to-earn game

Bored Ape Yacht Club (BAYC), one of the most successful non-fungible token (NFT) collections, is joining hands with Animoca Brands — a Hong Kong-based blockchain gaming, metaverse and NFT company — to develop a play-to-earn game utilizing BAYC’s popular avatar NFTs, according to a company statement. Fast facts The new game, which will feature play-to-earn […]
Twitch co-founder is building a marketplace for gaming NFTs

Twitch co-founder is building a marketplace for gaming NFTs

Justin Kan, co-founder of livestreaming platform Twitch, announced he will be launching Fractal, a new marketplace for gaming non-fungible tokens (NFTs). While the OpenSea NFT marketplace may be the largest, Fractal is not competing directly — it is betting on a niche in gaming NFTs. Fast facts The announcement comes days after a Twitch plug-in […]
Bitcoin

Cryptocurrency prices take another hit in downward spiral

Macroeconomic factors and a spate of bad news override bullish outlook in crypto market as the year lurches toward its end.
BMW's concept vehicle at 2019 IAA Frankfurt Auto Show | South Korea's Danal Paycoin to allow users to purchase BMW vehicles using the crypto token

South Korea’s Danal to allow crypto as payment for BMWs

Fast facts Blockchain-based payment platform Danal Fintech announced a new service plan that will allow BMW vehicles to be purchased with Paycoin (PCI) in its new partnership with Samchully Motors, the domestic dealer of the luxury automobile line. The recent announcement makes the first case in South Korea where an automobile can be paid in […]
Tesla CEO Elon Musk

Elon Musk named Time Person of the Year

One of the most influential cheerleaders for cryptocurrency is named Time’s 2021 Person of the Year for his work on electric cars and space rockets.
crypto 1

US SPAC Crypto 1 closes IPO, says won’t pursue ‘business combinations’ with any Hong Kong crypto firms

Crypto 1 Acquisition Corp., a U.S.-incorporated blank check company, has completed its initial public offering (IPO) with gross proceeds of US$230 million, according to a company statement released Friday. Fast facts The company’s units commenced trading on the Nasdaq Global Market under the ticker symbol “DAOOU” on Dec. 7. Acting as a special purpose acquisition […]
PlayNFT is building a plug-in to enable streamers to offer NFTs on Twitch

PlayNFT plug-in to enable streamers to offer NFTs on Twitch

Non-fungible token minting platform PlayNFT wants to enable Twitch streamers to offer NFTs to their audience without needing to leave the Twitch platform. Fast facts Blockchain games studio Enigma Games is using Enjin’s Efinity blockchain on PlayNFT, the studio’s NFT minting platform, to build a plug-in that will allow Twitch’s 9.2 million streamers to use […]
VR gaming booth at the Digital Entertainment Leadership Forum | Hong Kong's annual Digital Entertainment Leadership Forum talks blockchain gaming

In Hong Kong, a look at how the blockchain revolution in gaming continues

Gamers and developers gather at the annual Digital Entertainment Leadership Forum to discuss how video games may evolve in the future.
binance

Binance’s Singapore entity pulls license application for local crypto exchange

Binance, the world’s largest crypto exchange, announced today that its Singapore entity Binance Asia Services has withdrawn its application to the Monetary Authority of Singapore (MAS) for a license to operate a regulated crypto exchange in the country, according to a company statement. Fast facts The exchange had operated in Singapore under an exemption that […]
solana

Solana suffers network slowdown, raising questions around proof of history

Confusion surrounded the Solana blockchain community over the weekend as a sudden drop in transaction speeds was initially believed to be a distributed denial of service (DDoS) attack, resulting in a lengthy debate as to the cause of the delay. Fast facts Solana-based non-fungible token (NFT) platform Blockasset was one of the first to highlight […]
India PM Twitter gets hacked, fake Tweet claims Bitcoin is legal tender

India PM Twitter account hacked, fake tweet claims Bitcoin is legal tender

India prime minister Narendra Modi’s Twitter account was hacked on Sunday morning, with the attacker posting a false tweet about India officially adopting Bitcoin as legal tender. Fast facts The tweet also said the government has bought 500 Bitcoin which will be distributed among citizens. This was the second instance of Modi’s Twitter account getting […]
yunnan

China’s Yunnan province eradicates illegal power supply for Bitcoin mining

The energy authority in Southwest China’s Yunnan province said it has eliminated the illegal power supply from small and midsize hydropower stations to Bitcoin mining, as China continues to intensify its clampdown on crypto mining. Fast facts In a Friday post on Weibo, China’s Twitter-like microblogging platform, the Yunnan authority said as of the end […]
Safemoon

SafeMoon sees price surge following update to V2

The price of the native token of the SafeMoon blockchain momentarily surged over 8% in price this morning Asia time, as the developer behind the token announced that it had successfully transitioned to the second iteration of the network. SafeMoon’s price retreated throughout the day, however, and was trading at US$0.0000016 at press time, 2% […]
Shib, Flexa

Shiba Inu now accepted at GameStop, Lowe’s and Nordstrom via Gemini-backed Flexa

It’s come full circle: Shiba Inu holders can now spend their SHIB at GameStop — the company that helped trigger the memecoin trend.
collage of crypto execs and Rep Maxine Waters

INX exec says crypto CEOs should talk to the SEC

Chief business officer of the first SEC-registered digital security says crypto companies got caught with their hands in the cookie jar.
Shiba Inu dog watches a sleeping man | SHIB prices sleep on Shiba Inu coin burn news

Shiba Inu coin burn and gaming deals can’t stop its price slide

$30 million worth of SHIB stolen in BitMart hack sparks hunt for the dognapper, as ecosystem developments fail to return Shiba Inu coin to its former glory.
a gamepad, Gaming’s new tipping point and why Meta matters

Gaming’s new tipping point into metaverse matters

Gaming is increasingly defined by NFTs, play-to-earn and the metaverse, writes Charlie Baillie of Ampverse. Will Asia continue to lead the hottest gaming trends?
a show jumping event held by Aquis, Horses are aiding humans as early metaverse pilgrims, animoca brands will collaborate with aquis to develop equestrian assets in NFT

Horses are joining humans as metaverse pilgrims

Blockchain gaming unicorn Animoca Brands announced yesterday a partnership with Aquis Farm — a major racehorse-breeding business owned by Hong Kong’s billionaire Fung family — to bring equestrian activities into the metaverse. The blockchain specialist will leverage Aquis Farm’s equestrian intellectual properties to develop blockchain games and non-fungible tokens (NFTs).  Fast facts “Aquis recognises the […]
mining

Bitcoin hashrate recovers six months after China’s crypto ban

Bitcoin’s hashrate has almost fully recovered just six months after China’s crypto ban sent miners fleeing to more hospitable shores. Fast facts Despite the recent price crash, the total Bitcoin hashrate stood at 180.5 million terahashes per second, almost approaching its all-time high of 180.67 million TH/s back in May, according to data from Blockchain.com. The hashrate took […]
Polygon brand logo visible on the skyline of a city

Polygon goes deeper into ZK tech by acquiring Mir for $400M

India-based Layer 2 Ethereum scaling platform Polygon has acquired zero-knowledge technology developer Mir for US$400 million as part of Polygon’s continued focus on ZK tech. Fast facts Mir will help Polygon build its new project — Polygon Zero, a highly scalable, Ethereum compatible ZK rollup. A zero knowledge protocol is a cryptographic algorithm that allows […]

Delivered weekly on Thursdays

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.