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![Scottish whisky brand The Dalmore to offer limited-edition liquor NFT 1 dalmore](https://forkast.news/wp-content/uploads/2021/12/dalmore-1260x834.png)
Scottish whisky brand The Dalmore to offer limited-edition liquor NFT
The non-fungible token (NFT) frenzy has extended to the luxury wine and spirits industry. The Dalmore, best known for its Scottish whiskies, has partnered with BlockBar, an NFT platform for luxury liquor brands, to offer a limited-edition liquor NFT with a set of The Dalmore Decades No.4 Collection, the brand said in a Wednesday statement. […]
![After Facebook's name change to Meta, Square has now become Block 2 After Facebook's name change to Meta, Square has now become Block](https://forkast.news/wp-content/uploads/2021/12/GettyImages-1321753242-1260x924.jpg)
After Facebook’s name change to Meta, Square has now become Block
When Facebook and payments giant Square launched, they were trailblazers in the industry. Now, after Facebook, Square too has changed its name — to Block — in a bid to embrace the future of technology. Fast facts Square CEO Jack Dorsey and Facebook CEO Mark Zuckerberg have never gotten along. Dorsey has jibed at Zuckerberg […]
![Korea Exchange CEO calls for institutionalization of crypto 3 Golden bitcoins and South Korea flag | Korea Exchange CEO calls for institutionalization of crypto](https://forkast.news/wp-content/uploads/2021/12/golden-bitcoins-and-south-korea-flag-2021-08-26-16-24-27-utc-3-1260x840.jpg)
Korea Exchange CEO calls for institutionalization of crypto
Sohn Byung-doo, chief executive officer for Korea Exchange (KRX), urged South Korea to prepare an institutional infrastructure as virtual assets have become a major investment asset in the country. Fast facts In his speech at the 2021 Global ETP Conference, Sohn insisted that the “virtual asset market is no different from the capital market in […]
![Bitcoin miner Griid set to go public via Adit EdTech merger 4 griid](https://forkast.news/wp-content/uploads/2021/12/griid-1260x702.png)
Bitcoin miner Griid set to go public via Adit EdTech merger
Griid Infrastructure, a U.S.-based Bitcoin mining company, is set to go public through a merger with Adit EdTech Acquisition Corp., a special purpose acquisition company (SPAC), in a deal that would value the combined company at about US$3.3 billion, according to a company statement released Tuesday. Fast facts Upon completion of the deal, the combined […]
![Chinese cybersecurity firm Qihoo 360 develops crypto mining tracking system to facilitate clampdown 5 Marathon Digital discloses SEC investigation and raises US$650M in debt](https://forkast.news/wp-content/uploads/2021/11/1116-Marathon-SEC-Subpoena-Fast-1260x840.jpg)
Chinese cybersecurity firm Qihoo 360 develops crypto mining tracking system to facilitate clampdown
Qihoo 360, a Chinese internet company best known for its antivirus software programs, has built a system that could help the Chinese government track cryptocurrency mining activities, as the country continues to crack down on the sector. Fast facts Qihoo 360 said in a Tuesday statement that it detected 109,000 active mining IP addresses on […]
![Is Terra — whose LUNA coin is now at another all-time high — really where the smart money is? 6 lunar projection above a city, Terra](https://forkast.news/wp-content/uploads/2021/12/full-moon-in-bangkok-2021-09-01-04-46-19-utc-1260x840.jpg)
Is Terra — whose LUNA coin is now at another all-time high — really where the smart money is?
LUNA is now the 12th largest crypto, and Terra’s platform has been called ‘Alipay on the blockchain.’ What are Terra’s investment risks? Forkast.News explains.
![Binance crypto license plans in Singapore uncertain 7 Singapore](https://forkast.news/wp-content/uploads/2021/12/Singapore-1260x709.jpg)
Binance crypto license plans in Singapore uncertain
Will crypto exchange Binance withdraw its license application in Singapore and look elsewhere in its search for a new global home?
![Living 'Eco-NFTs' and holograms on display at Art Basel Miami Beach 8 Lucille Ball](https://forkast.news/wp-content/uploads/2021/12/LucilleBall-1-1260x998.jpg)
Living ‘Eco-NFTs’ and holograms on display at Art Basel Miami Beach
The firm behind legendary sci-fi series Star Trek, Roddenberry Entertainment, has immortalized a key moment in entertainment history — in a way that may in time become an equally iconic moment in blockchain history. Gene Roddenberry’s signature on the first contract between himself and Lucille Ball’s Desilu Productions, which made Star Trek a reality, has […]
![1inch Network closes $175M Series B funding round 9 1inch](https://forkast.news/wp-content/uploads/2021/12/FF_1Inch.png)
1inch Network closes $175M Series B funding round
After greatly expanding its goals for the round, decentralized exchange aggregator 1inch Network has closed a US$175 million Series B funding round from institutional investors, led by Amber Group, according to a company blog post. Fast facts Joining Amber Group were about 50 other investors including VanEck, Alameda Research, Celsius and Gemini Frontier Fund who […]
![Crypto-ban fears may be an overreaction in India 10 Indian crypto investors overreacting with crypto ban fears](https://forkast.news/wp-content/uploads/2021/12/Screenshot-2021-12-02-at-09.46.56.png)
Crypto-ban fears may be an overreaction in India
A former finance secretary says too much is yet unknown about the new crypto bill for investors to expect the worst.
![SEC chair Gensler calls stablecoins 'poker chips' again 11 Clayton Gensler collage](https://forkast.news/wp-content/uploads/2021/12/Clayton-Gensler-collage-1260x706.png)
SEC chair Gensler calls stablecoins ‘poker chips’ again
Conversation between current and former SEC chairs at annual digital asset compliance summit focused on regulating crypto.
![Kimchi Premium hits highest level since May 12 kimchi cabbage korean traditional food 2021 08 30 18 54 46 utc](https://forkast.news/wp-content/uploads/2021/12/kimchi-cabbage-korean-traditional-food-2021-08-30-18-54-46-utc-1260x840.jpg)
Kimchi Premium hits highest level since May
The Korea Premium Index for Bitcoin reached 7% last Sunday, which may indicate an influx of retail investors.
![K-pop agency Cube bets big on NFT and metaverse 13 Cube](https://forkast.news/wp-content/uploads/2021/12/Timmy-7.png)
K-pop agency Cube bets big on NFT and metaverse
The impresario behind superstars BTOB and (G)I-DLE tells Forkast.News there’s ‘no upper limit’ to how much Cube will invest in NFTs and a metaverse for concerts.
![Investors queasy as prospect of India crypto ban returns 14 Investors queasy as prospect of India crypto ban returns](https://forkast.news/wp-content/uploads/2021/12/closeup-bitcoins-mockup-on-the-keyboard-over-the-c-2021-08-30-17-17-25-utc-1260x840.jpg)
Investors queasy as prospect of India crypto ban returns
Top blockchain and crypto news: Are India’s CBDC plans crowding out crypto? Jack Dorsey goes full Bitcoin bro. China’s digital yuan hopes claim another victim.
![S. Korean, S. African banks team up for stablecoin-based remittances 15 Shinhan Bank headquarters in Seoul, Korea | South Korea’s Shinhan bank to issue stablecoin on Hedera Hashgraph](https://forkast.news/wp-content/uploads/2021/12/Shinhan_Bank_20190608_001-1260x840.jpeg)
S. Korean, S. African banks team up for stablecoin-based remittances
South Korean heavyweight lender Shinhan Bank has completed a proof-of-concept rollout of a stablecoin project for international remittances in partnership with South Africa’s Standard Bank, using Hedera Hashgraph. Fast facts The project’s aim is to test the issuance and distribution of stablecoins for international remittances, which often frustrate senders and receivers due to their high […]
![LUNA, Shiba Inu Coin soar as Ethereum nears all-time high 16 The moon](https://forkast.news/wp-content/uploads/2021/12/THEMOON-1260x945.jpg)
LUNA, Shiba Inu Coin soar as Ethereum nears all-time high
As the market recovers from a weekend sell-off, Terra and Shiba Inu tokens shine bright while Ethereum eyes new price heights. What’s behind their rally?
![NFTs on China’s BSN migrate to OpenSea to tap global market 17 Opensea](https://forkast.news/wp-content/uploads/2021/12/Opensea-1260x873.png)
NFTs on China’s BSN migrate to OpenSea to tap global market
Non-fungible tokens (NFTs) featuring famous traditional Chinese paintings by culture studio Rongbaozhai have been successfully transferred from China’s Blockchain-based Service Network (BSN) WenChang Chain to the OpenSea marketplace on the Ethereum blockchain, a milestone in the development of interchain NFT technology. Fast facts The transfer was made on Nov. 16 across four blockchains: WenChang Chain […]
![Huobi Group poised to establish regional hub in Singapore 18 SG](https://forkast.news/wp-content/uploads/2021/12/SG.png)
Huobi Group poised to establish regional hub in Singapore
Huobi Group, which operates Chinese cryptocurrency exchange Huobi Global, has decided to set up a regional hub in Singapore, a representative of company has told Forkast.News. Fast facts In November, Huobi Global pledged to stop offering services to Singapore-based users from March 31, 2022, to comply with local laws, according to a company statement. Huobi […]
![HYBE, Softbank invest big in Zepeto metaverse creator Naver Z 19 Zepeto metaverse avatars | HYBE and SoftBank participates in Series B round of Naver Z](https://forkast.news/wp-content/uploads/2021/12/20201112014426.png)
HYBE, Softbank invest big in Zepeto metaverse creator Naver Z
South Korea-based Naver Z Corporation — the operator of metaverse platform Zepeto — raised 223.5 billion Korean won, or about US$189 million in a Series B round, which included investments from SoftBank, Mirae Asset and three of K-pop’s largest talent agencies. Fast facts Japan’s SoftBank led the funding round by investing about US$148 million in Naver […]
![Is an IPO in the cards for India's first crypto unicorn CoinDCX? 20 Is an IPO in the cards for India's first crypto unicorn CoinDCX?](https://forkast.news/wp-content/uploads/2021/11/pierre-borthiry-vBCVcWUyvyM-unsplash-1260x912.jpg)
Is an IPO in the cards for India’s first crypto unicorn CoinDCX?
Is CoinDCX — India’s first crypto company to achieve unicorn status, or US$1 billion in valuation — going public? CoinDCX co-founder Neeraj Khandelwal set off a frenzy of excitement when he told Bloomberg in a recent interview that CoinDCX may pursue an initial public offering as soon as legislation permits. But a CoinDCX spokesperson told […]
![What is Cosmos — the ‘internet of blockchains’? 21 Cosmos, internet of blockchains](https://forkast.news/wp-content/uploads/2021/11/Cosmos-1260x709.jpg)
What is Cosmos — the ‘internet of blockchains’?
The Cosmos ecosystem is expanding rapidly with inter-blockchain transfers on the rise. What makes Cosmos different from other blockchains? Forkast.News explains.
![Crypto tax delay is a chance for South Korea to fix loopholes, experts say 22 National Assembly Building of the Republic of Korea](https://forkast.news/wp-content/uploads/2021/12/National_Assembly_Building_of_the_Republic_of_Korea-1260x709.png)
Crypto tax delay is a chance for South Korea to fix loopholes, experts say
Now that South Korea’s crypto tax is delayed a year, what will the final form look like? Should crypto gains be taxed like stock profits — or winning the lottery?
![Stocks, Bitcoin fall on Omicron, inflation concerns 23 GettyImages 1356397495](https://forkast.news/wp-content/uploads/2021/12/GettyImages-1356397495-1260x840.jpg)
Stocks, Bitcoin fall on Omicron, inflation concerns
Fed chairman Jerome Powell signaled that tighter monetary policy may be coming, which sent Bitcoin price’s down slightly.
![Crypto exchange Bullish announces soft launch 24](https://forkast.news/wp-content/uploads/2021/12/Bullish_Logo_720x220.jpg)
Crypto exchange Bullish announces soft launch
Initial operations are available to invited institutional investors including Hong Kong crypto finance service provider, Amber Group.
![Huobi Brokerage launches crypto lending for institutions 25 Hong Kong skyline](https://forkast.news/wp-content/uploads/2021/11/HK-1260x709.jpg)
Huobi Brokerage launches crypto lending for institutions
Hong Kong Stock Exchange-listed Huobi Technology Holdings today announced that it will be launching Huobi Lending, a cryptocurrency lending service for institutions and high net worth individuals (HNWI) through its new digital asset brokerage platform Huobi Brokerage, according to a company announcement. Fast facts Alongside growing institutional interest in digital assets, crypto lending services leveraging […]
![Hong Kong metaverse developer ViLab partners with Squid Game special effects maker 26 A scene from Netflix's Squid Game | Hong Kong metaverse firm partners with Squid Game's VFX creator](https://forkast.news/wp-content/uploads/2021/11/5._SquidGame_Unit_101_001__2_.jpg)
Hong Kong metaverse developer ViLab partners with Squid Game special effects maker
Hong Kong-based ViLab Limited, a metaverse developer, announced today that it has signed a memorandum of understanding (MOU) with Gulliver Studios, the effects creator behind the Netflix hit series Squid Game, to develop technology that can be used for creating virtual identities and other features for the metaverse. Fast facts ViLab and Gulliver Studios will […]
![South Korea’s KB Bank unveils a metaverse bank testbed 27 South Korea’s KB Bank presents metaverse bank testbed](https://forkast.news/wp-content/uploads/2021/11/dedee-1260x700.png)
South Korea’s KB Bank unveils a metaverse bank testbed
KB Kookmin Bank, one of South Korea’s largest financial institutions, announced yesterday that it has developed the KB Metaverse VR Branch Testbed for experimenting with allowing customers wearing a head-mounted VR device to access banking services in a metaverse. Fast facts Simple transactions, such as remittances, can be managed at a teller window, while an […]
![Why a decentralized metaverse is Web 3.0's new frontier 28 metaverse and decentralization, Why a decentralized metaverse is the web’s new frontier](https://forkast.news/wp-content/uploads/2021/11/METAVERSE-1260x709.jpg)
Why a decentralized metaverse is Web 3.0’s new frontier
The metaverse is a convergence of the physical and digital worlds, writes Gloria Wu of Ontology. How can the metaverse escape Web 2.0’s failings?
![Bitcoin spot ETP launches in the EU 29 Invesco](https://forkast.news/wp-content/uploads/2021/11/Invesco-1260x840.jpg)
Bitcoin spot ETP launches in the EU
While the wait for a U.S. Bitcoin spot exchange-traded fund continues, Invesco, a U.S. investment firm with US$1.6 trillion in assets under management, has partnered with CoinShares to launch a European exchange-traded product physically backed by Bitcoin, according to reporting on Nasdaq.com. Fast facts The Invesco Physical Bitcoin ETP will be listed on Deutsche Börse […]
![New York Fed and BIS join hands to launch fintech hub 30 Fed chair](https://forkast.news/wp-content/uploads/2021/11/Fed-chair-1260x709.png)
New York Fed and BIS join hands to launch fintech hub
The Federal Reserve Bank of New York has joined hands with the Bank for International Settlements (BIS) to launch an innovation hub in New York— dubbed the New York Innovation Center (NYIC) — to explore and build financial technology products for the central bank community. Fast facts The NYIC will focus on five areas — […]
![Bitcoin, Ether prices hold rebound as SHIB surges; crypto funds see record inflows 31 Bitcoin, Shiba Inu](https://forkast.news/wp-content/uploads/2021/11/BTC-SHIB-1260x709.jpg)
Bitcoin, Ether prices hold rebound as SHIB surges; crypto funds see record inflows
Bitcoin (BTC) and Ethereum’s Ether (ETH) prices on Tuesday morning Asia time held their rebound from the Black Friday sell-off of global equities and cryptocurrencies following news of the new Covid-19 Omicron variant. Bitcoin was trading at US$57,184 and Ethereum at US$4,445, as of publishing time, according to CoinGecko data. Fast facts Institutional investors appear […]
![Solana claims 1 transaction on its network uses less energy than 2 Google searches 32 Solana Energy](https://forkast.news/wp-content/uploads/2021/11/FF_Solana_Energy3-1260x709.jpg)
Solana claims 1 transaction on its network uses less energy than 2 Google searches
As the pushback over environmental concerns of the blockchain industry continues, a recent report by Solana says that a single transaction on the network uses less energy than just two Google searches. Fast facts Completed under the guidance of an independent energy and climate advisor, Solana’s November Energy Report found that a single Solana transaction […]
![Twitter CEO Jack Dorsey resigns 33 GettyImages 1321753328](https://forkast.news/wp-content/uploads/2021/11/GettyImages-1321753328-1260x835.jpg)
Twitter CEO Jack Dorsey resigns
Twitter’s stock rose 10% on the news, and his other company, Square, also opened up 4%.
![Nigeria charges ahead with CBDC deployment with 600K app downloads 34 nigeria](https://forkast.news/wp-content/uploads/2021/11/nigeria-1260x1178.jpg)
Nigeria charges ahead with CBDC deployment with 600K app downloads
In Nigeria, the eNaira — the country’s newly launched central bank digital currency (CBDC) — has already seen nearly 600,000 downloads, according to local media Nairametrics citing the Central Bank of Nigeria (CBN). Fast facts The local media reported Saturday that the CBN governor has revealed the country’s total digital transactions rose by more than […]
![China’s new mobile payment rules could pave the way for e-CNY, experts say 35 e-CNY](https://forkast.news/wp-content/uploads/2021/11/DCEP_available_In_Shenzhen-2-1-1260x709.jpg)
China’s new mobile payment rules could pave the way for e-CNY, experts say
In the long run, the new rules may ‘lay the perfect foundation’ to improve risk management, says an ICBC expert.
![South Korea’s 20% tax on virtual asset gains is postponed 36 The South Korean National Assembly. | South Korea's 20% crypto tax will be postponed](https://forkast.news/wp-content/uploads/2021/11/GettyImages-1282599039-1-1260x840.jpg)
South Korea’s 20% tax on virtual asset gains is postponed
A new amendment to South Korea’s income tax law, which includes delaying the taxation on crypto gains by one year, was agreed upon by South Korean political parties at the National Assembly today. Fast facts The ruling Democratic Party and the opposing conservative People Power Party officially made a resolution at the National Assembly Strategy […]
![China central bank to establish crypto asset transaction tracking system 37 cyber crime, Chinese central bank officer: will establish a crypto asset transaction tracking system](https://forkast.news/wp-content/uploads/2021/11/cybercrime-cyber-security-2021-09-02-07-43-20-utc-1260x948.jpg)
China central bank to establish crypto asset transaction tracking system
The director of China’s central bank’s anti-money laundering office said the People’s Bank of China will establish a tracking system for the virtual assets, such as cryptocurrencies and NFTs, for cracking down on virtual-related crimes, adopting technologies such as artificial intelligence and machine learning, mainland China local media reported. Fast facts Gou Wenjun said at […]
![South Korea's SK Square is 2nd-largest shareholder of crypto exchange Korbit 38 Golden bitcoins and South Korea flag | SK Square becomes second largest shareholder of Korbit exchange](https://forkast.news/wp-content/uploads/2021/11/golden-bitcoins-and-south-korea-flag-P9WDP8A-3-1260x840.jpg)
South Korea’s SK Square is 2nd-largest shareholder of crypto exchange Korbit
SK Square, a new investment firm under one of South Korea’s largest conglomerates, SK Group, chose cryptocurrency exchange Korbit as one of its first investments. The two companies aim to upgrade the trading platform’s environment in order to deliver more accurate and trustworthy investment information to users, and plan future businesses in the metaverse and […]
![Fintonia launches Bitcoin funds in Singapore 39 Fintonia launches MAS-regulated Bitcoin funds in Singapore](https://forkast.news/wp-content/uploads/2021/11/executium-NWzxAP41Dis-unsplash-1260x840.jpg)
Fintonia launches Bitcoin funds in Singapore
Fund manager Fintonia has launched two new Bitcoin funds — Fintonia Bitcoin Physical Fund and Fintonia Secured Yield Fund — for institutional investors. Fast facts The physical fund buys and holds actual Bitcoin, rather than investing in a Bitcoin-linked derivative product. The fund’s Bitcoin will be stored with a licensed and insured custodian, according to […]
![Coinstore defies regulatory tension to enter India 40 Coinstore defies regulatory tension to enter India](https://forkast.news/wp-content/uploads/2021/11/jason-briscoe-Gw_sFen8VhU-unsplash-1260x840.jpg)
Coinstore defies regulatory tension to enter India
Singapore-based crypto exchange Coinstore has entered the Indian market despite the regulatory wrangle that points toward an impending ban on all private cryptocurrencies, the company announced today. Fast facts Coinstore has launched its website and mobile application for Indian users and plans to set up offices in Bangalore, Delhi, and Mumbai that will support its […]
![AMC, Sony to release Spider-Man NFTs ahead of upcoming film 41 Spiderman](https://forkast.news/wp-content/uploads/2021/11/FF_Spiderman-1260x893.jpg)
AMC, Sony to release Spider-Man NFTs ahead of upcoming film
To mark the release of the third installment in the latest Spider-Man trilogy, theater giant AMC and Sony Pictures are offering 86,000 non-fungible tokens for fans who pre-order tickets to the film, which opens on Dec. 16, AMC CEO Adam Aron announced via Twitter. Fast facts Amid rising concerns of the environmental impact of NFTs […]
![Chinese state media warns on risks related to the metaverse 42 Metaverse](https://forkast.news/wp-content/uploads/2021/11/VR-1260x653.png)
Chinese state media warns on risks related to the metaverse
Chinese companies are rushing to the fore to develop their metaverse ideas, though state media have recently warned about the associated risks the emerging technology could bring. Fast facts An opinion piece published yesterday by state-owned Economic Daily said the hotter the metaverse gets, the more the public should stay calm. The author wrote that […]
![BTC, ETH prices recover after market jolt following Omicron variant 43 Omicron](https://forkast.news/wp-content/uploads/2021/11/Omicron3-1260x709.jpg)
BTC, ETH prices recover after market jolt following Omicron variant
The impact was relatively short-lived, and many major tokens had already retraced most of their positions from Friday coming in Asia business hours.
![Japanese sci-fi novel’s English translations exclusively NFTs 44 Author Miyuki Ono and her novel, "Pure" | New English translations of a Japanese novel to be exclusively in NFTs](https://forkast.news/wp-content/uploads/2021/11/rectangle_large_type_2_768786d5a71b3d20004c978b9c362780.jpeg)
Japanese sci-fi novel’s English translations exclusively NFTs
Miyuki Ono’s science fiction story “Pure” is being released as NFT (non-fungible token) copies to create a new channel of income for writers and translators who are currently insufficiently compensated for their work. Fast facts “Pure” is one of world’s first Japanese science fiction works released as an NFT, while also being the first NFT […]
![South Korea and Japan grapple with how to define, and tax, cryptocurrency gains 45 Bitcoin virtual money and fiat money coins euro | South Korea and Japan's crypto tax](https://forkast.news/wp-content/uploads/2021/11/bitcoin-virtual-money-and-fiat-money-coins-euro-2021-09-06-21-30-09-utc-1-1260x840.jpg)
South Korea and Japan grapple with how to define, and tax, cryptocurrency gains
South Korea reaches a tentative agreement to delay a pending tax on virtual assets. Crypto investors in next-door Japan already face taxation up to 55%.
![What is SafeMoon and can it safely reach the moon? 46 What is SafeMoon and why is its price surging?](https://forkast.news/wp-content/uploads/2021/11/新建-Microsoft-PowerPoint-演示文稿-3-2-1260x709.jpg)
What is SafeMoon and can it safely reach the moon?
SafeMoon, known for high fees and social media hype, is now 85% below its all-time high. What lies in SafeMoon’s future?
![Soccer superstar Iniesta given the yellow card over Binance promo tweet 47 Andres Iniesta | Soccer star Iniesta warned over Binance promo tweet](https://forkast.news/wp-content/uploads/2021/11/GettyImages-1288249621-1260x840.jpg)
Soccer superstar Iniesta given the yellow card over Binance promo tweet
Andrés Iniesta, former FC Barcelona veteran and current midfielder for Japan’s Vissel Kobe, promoted crypto exchange Binance via Twitter, which prompted a securities market regulator to write a cautionary reply tweet against crypto. Fast facts Iniesta wrote on Twitter Wednesday, saying: “I’m learning how to get started with crypto with Binance,” also posting pictures of […]
![Amount of Ether burnt since EIP 1559 reaches 1M ETH 48 EIP 1559](https://forkast.news/wp-content/uploads/2021/11/FF_EIP1559-1260x841.jpg)
Amount of Ether burnt since EIP 1559 reaches 1M ETH
The total amount of Ether — the token of the world’s second-largest cryptocurrency Ethereum — “burned” since the introduction of Ethereum Improvement Protocol (EIP) 1559 as part of the London hardfork has hit the 1 million ETH milestone, according to figures from blockchain data aggregation site WatchtheBurn. Fast facts With the total amount of ETH […]
![How Asia's generative NFT art is reshaping the global creative culture 49 Non-fungible-token, How generative NFT art is reshaping creative culture in Asia](https://forkast.news/wp-content/uploads/2021/11/wooden-blocks-nft-non-fungible-token-digitally-2021-10-31-17-21-51-utc-1260x772.jpg)
How Asia’s generative NFT art is reshaping the global creative culture
As the NFT zeitgeist sweeps the world, the industry’s beating heart is in Asia, writes David Tng of TZ APAC. Here’s how Asia’s NFTs are changing business models.
![Metaverse tokens lead market growth; BTC options set to expire 50 Sandbox](https://forkast.news/wp-content/uploads/2021/11/FF_SANDBOX.png)
Metaverse tokens lead market growth; BTC options set to expire
The metaverse has been the hottest trend in tech this past month and tokens attached to metaverse projects are showing that growth with the Sandbox’s SAND and Decentraland’s MANA are both up over 600% in the past month to reach all-time highs of US$8.51 and US$5.90 yesterday, respectively, according to CoinMarketCap. Fast facts The Sandbox […]
![Reserve Bank of Australia considers wholesale digital dollar 51 RBA](https://forkast.news/wp-content/uploads/2021/11/FF_RBA-1260x840.jpg)
Reserve Bank of Australia considers wholesale digital dollar
Interest in cryptocurrency is being driven in part by ultra-low interest rates, Reserve Bank of Australia assistant governor Michele Bullock has said, while indicating the RBA is considering the creation of a central bank digital currency (CBDC) for use in wholesale markets, according to the Australian Financial Review. Fast facts Speaking at a Women in […]
![Tether pledges to work with policymakers on stablecoin transparency 52 tether](https://forkast.news/wp-content/uploads/2021/11/tether.png)
Tether pledges to work with policymakers on stablecoin transparency
Tether, issuer of the world’s most popular stablecoin USDT, has responded in multiple tweets saying it will work with policymakers, after the U.S. Senate Banking Committee earlier this week sent letters to several stablecoin issuers — including Tether — to inquire about their operational features. Fast facts In the tweets, Tether said it appreciates the interest from […]
![Bill to delay 20% crypto tax in deadlock in South Korea 53 South Korea's National Assembly | Bill to delay crypto tax in South Korea failed to pass](https://forkast.news/wp-content/uploads/2021/11/GettyImages-1282599039-1260x840.jpg)
Bill to delay 20% crypto tax in deadlock in South Korea
A bill to delay a pending tax on virtual assets failed to pass the National Assembly’s standing committee at a meeting yesterday, while the topic remains a huge factor in the upcoming presidential election. Fast facts The South Korean National Assembly’s tax subcommittee under its Strategy and Finance Committee had discussed an amendment to the […]
![How high fashion is waking up to blockchain’s possibilities 54 two fashion models on a runway, How high fashion is waking up to blockchain’s possibilities](https://forkast.news/wp-content/uploads/2021/11/two-fashion-models-on-the-catwalk-on-a-black-backg-2021-10-30-18-41-06-utc-1260x840.jpg)
How high fashion is waking up to blockchain’s possibilities
Luxury fashion houses set trends that trickle down to the rest of culture. Here’s where brands like Prada and Burberry are headed on the blockchain curve.
![US Senate Banking Committee sends inquiries to stablecoin issuers 55 stablecoins](https://forkast.news/wp-content/uploads/2021/11/Timmy.webp)
US Senate Banking Committee sends inquiries to stablecoin issuers
The U.S. Senate Banking Committee has sent letters to several stablecoin issuers to inquire about their operational features. Fast facts In a Monday tweet, Ron Hammond, director of government relations at the Blockchain Association, said the stablecoin issuers include Coinbase, Gemini, Circle, Paxos, TrustToken, Centre, Binance U.S. and Tether. “This is likely a sign of […]
![Crypto miner Xive flees southern Kazakhstan amid power shortages 56 Xive](https://forkast.news/wp-content/uploads/2021/11/Timmy-3-1.png)
Crypto miner Xive flees southern Kazakhstan amid power shortages
Xive co-founder tells Forkast.News no mining is possible in the south, while other regions still survive.
![South Korea's Gamevil acquires blockchain tech company 57 Gamevil's Kritika: The White Knights | South Korean game developer Gamevil takes over blockchain tech developer](https://forkast.news/wp-content/uploads/2021/11/20211125_144911_게임빌보도이미지C2X블록체인게임생태계에합류할‘크리티카온라인-1260x788.png)
South Korea’s Gamevil acquires blockchain tech company
Gamevil, the South Korean mobile game software developer, has acquired blockchain technology company Zenaad with plans to grow as a platform for blockchain-based games. Fast facts Gamevil revealed yesterday that it has entered the final stage of constructing its blockchain ecosystem with the acquisition of Zenaad. The tech force at Zenaad has been internalized into […]
![Japan's top banks look to launch a digital currency backed by bank deposits 58 Japan's top banks are looking to launch a digital currency backed by bank deposits](https://forkast.news/wp-content/uploads/2021/11/Screenshot-2021-11-25-at-16.55.49.png)
Japan’s top banks look to launch a digital currency backed by bank deposits
The Japan Digital Currency Forum has released a white paper examining the possibility of a new cryptocurrency backed by bank deposits. Fast facts The forum consists of over 70 companies, including the country’s top banks such as MUFG Bank, Sumitomo Mitsui Banking Corp., Mizuho Bank, Japan Post Bank, among others. Several government agencies also are […]
![Fed may increase interest rates amid rising inflation 59 U.S. feds are gearing up to increase interest rates amid rising inflation](https://forkast.news/wp-content/uploads/2021/11/GettyImages-124538659-1260x840.jpg)
Fed may increase interest rates amid rising inflation
U.S. Federal Reserve officials are exploring raising interest rates and pulling back on economic help extended during the pandemic if inflation continues to rise, minutes from a meeting held in early November show. Fast facts The meeting, held on Nov. 2 and Nov. 3, included the Federal Open Market Committee and the Board of Governors […]
![Crypto.com on a price tear as Cardano, TRON plummet on eToro delist news 60 Matt Damon](https://forkast.news/wp-content/uploads/2021/11/Matt-Damon-1260x840.jpg)
Crypto.com on a price tear as Cardano, TRON plummet on eToro delist news
Cardano ADA and Tron TRX will no longer be available to eToro’s US customers next year while CRO reflects Crypto.com ‘going from strength to strength.’
![Australian superannuation fund considers crypto investment 61 Superannuation](https://forkast.news/wp-content/uploads/2021/11/Superannauation-1260x746.jpg)
Australian superannuation fund considers crypto investment
One of Australia’s leading superannuation funds, Rest Super, indicated it is looking at investing in cryptocurrency — calling it a hedge against rising inflation — before stressing it is still only in the research phase of investing, according to a report in the Australian Financial Review. Fast facts Speaking at the fund’s annual general meeting […]
![Why Arbitrum and rollups are dominating Ethereum scaling 62 Ethereum Arbitrum](https://forkast.news/wp-content/uploads/2021/11/Ethereum-Arbitrum-1260x709.jpg)
Why Arbitrum and rollups are dominating Ethereum scaling
Arbitrum is leading the way in Ethereum scaling, according to a new report by Nansen, a blockchain analytics platform. What are the challenges that lie ahead?
![India’s crypto market plummets as parliament schedules debate on bill to ban it 63 India's crypto bill will impose strict rules including jail-time for violations](https://forkast.news/wp-content/uploads/2021/11/India-flag-crypto-collage-1260x1008.jpg)
India’s crypto market plummets as parliament schedules debate on bill to ban it
Bitcoin and Ethereum prices fell nearly 24% in India as investors sought to get ahead of a possible crypto prohibition.
![Hex Trust to provide financial services for Animoca gamers 64 hex animoca logos collage](https://forkast.news/wp-content/uploads/2021/11/hex-animoca-logos-collage-1260x504.png)
Hex Trust to provide financial services for Animoca gamers
Hex Trust and Animoca Brands team up to tackle a key problem in gamefi.
![Animoca to cover victims' losses in Phantom Galaxies-related hack 65 phantom galaxies logo](https://forkast.news/wp-content/uploads/2021/11/phantom-galaxies-logo.png)
Animoca to cover victims’ losses in Phantom Galaxies-related hack
Blockchain gaming company Animoca reacts to a US$1.1 million scam on a Discord server for its upcoming new game release.
![Shenzhen introduces incentives to promote cross-border e-CNY 66 Night view of Shenzhen, Shenzhen introduces incentives to promote cross-border e-CNY](https://forkast.news/wp-content/uploads/2021/11/shenzhen-2021-08-26-13-39-30-utc-1260x841.jpg)
Shenzhen introduces incentives to promote cross-border e-CNY
Shenzhen’s special zone for cooperating with Hong Kong, Qianhai District, will allocate 10 million yuan (US$1.57 million) to motivate enterprises to develop e-CNY-compatible businesses, especially in cross-border e-CNY and fintech labs. Fast facts The Qianhai Administration introduces the policies in a document released on Monday called “Interim Measures for Managing Special Funds for Supporting Financial […]
![What would Jerome Powell’s second term mean for crypto? 67 President Biden Announces His Nominees For Federal Reserve Chair And Vice Chair](https://forkast.news/wp-content/uploads/2021/11/Powell-2.jpg)
What would Jerome Powell’s second term mean for crypto?
Top blockchain and crypto news: Fed nominations suggest no sudden moves. El Salvador’s Bitcoin lava affair. Dodgy dealings in China’s digital yuan.
![AMC rival Regal enables crypto payments for moviegoers 68 AMC rival Regal enables crypto payments for movie-goers](https://forkast.news/wp-content/uploads/2021/11/executium-c6WCncBUmS0-unsplash-1260x838.jpg)
AMC rival Regal enables crypto payments for moviegoers
Regal, a subsidiary of Cineworld Group, has partnered with digital payments network Flexa to allow customers to pay for movie tickets, popcorn and more with cryptocurrencies in its theaters. Fast facts The firm will accept cryptocurrencies including Bitcoin, Ethereum, Litecoin and Dogecoin, stablecoins such as Dai, USD Coin and Gemini Dollar, as well as digital […]
![Elon Musk takes on Binance with Dogecoin withdrawal glitch 69 Musk, CZ](https://forkast.news/wp-content/uploads/2021/11/Timmy-2.png)
Elon Musk takes on Binance with Dogecoin withdrawal glitch
Another day, another fight, on Twitter. Tesla CEO Elon Musk, who has supported Dogecoin, tagged Binance CEO Changpeng Zhao (CZ) and tweeted Tuesday that “what’s going on with your Doge customers? Sounds shady,” after a technical glitch appeared to occur during a recent upgrade of the Dogecoin network. Fast facts A network upgrade of Dogecoin […]
![South Korea’s Upbit launches NFT trading platform; FNC launches K-pop digital collectibles 70 Upbit NFT Beta Homepage | South Korea’s Upbit launches NFT trading platform; FNC launches K-pop digital collectibles](https://forkast.news/wp-content/uploads/2021/11/스크린샷-2021-11-24-오후-5.49.03-1260x712.png)
South Korea’s Upbit launches NFT trading platform; FNC launches K-pop digital collectibles
Dunamu, the operator of South Korean crypto exchange Upbit, launched a beta service of “Upbit NFT,” an NFT (non-fungible token) trading platform, while another K-pop agency, FNC Entertainment, plans to launch its first NFT collection. Fast facts Upbit NFT consists of two sections, Drops and Marketplace. Drops is where NFTs will be put up for […]
![New law for crypto industry in the works in South Korea 71 Golden bitcoins and South Korea flag | New law for crypto industry under works in South Korea](https://forkast.news/wp-content/uploads/2021/11/golden-bitcoins-and-south-korea-flag-2021-08-26-16-24-27-utc-3-2-1260x840.jpg)
New law for crypto industry in the works in South Korea
South Korea’s Financial Services Commission (FSC) compiled a set of proposals for a new crypto law including criminal punishment to unfair actors in the market. The compiled report has been submitted to the national assembly for review. Fast facts Yesterday, the FSC submitted a basic outline for the national assembly’s consideration in constructing the new […]
![How will decentralized hosting change the future of social media? | Part 2 72 SocialCEOs](https://forkast.news/wp-content/uploads/2021/11/GOODSOCIALMEDIA-1260x709.jpg)
How will decentralized hosting change the future of social media? | Part 2
As social media’s influence on broader society continues to grow, decentralized platforms will mean less central moderation — for better or worse.