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![How to avoid getting rug-pulled in crypto and DeFi 1 Crypto Rug Pull Collage](https://forkast.news/wp-content/uploads/2021/11/Crypto-Rug-Pull-Collage-1260x1008.jpg)
How to avoid getting rug-pulled in crypto and DeFi
Scams like the Squid Game Token rug pull are every investor’s nightmare. How to avoid hoaxes and not feel like a fool? Forkast.News explains.
![Barbados to open embassy in the metaverse 2 Untitled design 1](https://forkast.news/wp-content/uploads/2021/11/Untitled-design-1-1260x1008.jpg)
Barbados to open embassy in the metaverse
The tiny island nation of Barbados announced it will build a virtual embassy in Decentraland.
![Polygon launches Miden for Ethereum scaling 3 Polygon, Ethereum layer 2](https://forkast.news/wp-content/uploads/2021/11/Polygon-1260x709.jpg)
Polygon launches Miden for Ethereum scaling
Ethereum Layer 2 solutions — protocols built on top of the Ethereum blockchain that handle transactions off the Ethereum mainnet — have been on the rise as developers work on improving Ethereum’s scalability as its number of users and applications continue to grow. Polygon, a Layer 2 Ethereum scaling platform, today announced the launch of […]
![How Fetch.ai and Datarella are bringing crypto and AI to boost micromobility services 4 Mobix](https://forkast.news/wp-content/uploads/2021/11/mobix-1-1260x709.jpg)
How Fetch.ai and Datarella are bringing crypto and AI to boost micromobility services
The MOBIX marketplace, built on the Fetch.ai blockchain, will enable e-scooter and bicycle users to earn MOBIX reward miles that can be converted to MOBIX tokens.
![GBBC maps out global industry standards to analyze digital asset landscape 5 human](https://forkast.news/wp-content/uploads/2021/11/human-5249576_1280-1-1260x840.png)
GBBC maps out global industry standards to analyze digital asset landscape
Global Blockchain Business Council (GBBC), an industry association, has released its Global Standards Mapping Initiative 2.0 to provide a holistic view of the industry’s global activity. Fast facts The initiative maps out the global digital asset landscape in terms of legislation, technical standards, industry standards and recommendations, university sources, as well as industry consortia. Specifically, […]
![Metaverse ETFs in South Korea bring significant profits for investors 6 A woman standing in front of immersive digital art | Metaverse ETFs bring prominent return for investors](https://forkast.news/wp-content/uploads/2021/11/GettyImages-1235705917-1260x840.jpg)
Metaverse ETFs in South Korea bring significant profits for investors
South Korean financial companies bring investors results a month after their metaverse exchange-traded funds were listed, with one fund gathering nearly $170M in net asset value.
![Biden signs new crypto reporting measures into law with infrastructure bill 7 Biden](https://forkast.news/wp-content/uploads/2021/11/Biden-1260x840.jpg)
Biden signs new crypto reporting measures into law with infrastructure bill
While a significant legislative achievement for U.S. President Joe Biden, the US$1 trillion bipartisan infrastructure bill signed into law on Monday included provisions relating to cryptocurrency tax reporting requirements that has many in the industry nervous. Fast facts As Forkast.News previously reported, provisions were added to the bill as it was being drafted in August […]
![China pledges to raid state-owned entities for crypto mining activities 8 mining](https://forkast.news/wp-content/uploads/2021/11/mining-1.png)
China pledges to raid state-owned entities for crypto mining activities
China has yet again reiterated its determination to crack down on the cryptocurrency mining sector and revealed today that authorities will focus on state-owned entities engaging in virtual currency mining. Fast facts Wei Meng, a spokesperson of the National Development and Reform Commission (NDRC), the country’s top economic planner, said at a press briefing today […]
![Circle contributes to $4.3M Series A funding round for yen-backed stablecoin 9 Tokyo](https://forkast.news/wp-content/uploads/2021/11/Tokyo-1260x840.jpg)
Circle contributes to $4.3M Series A funding round for yen-backed stablecoin
As Circle expands into Asia as part of a global expansion plan, what does the investment in a yen-back stablecoin mean for the market?
![China sees another digital yuan fraud case 10 scam](https://forkast.news/wp-content/uploads/2021/11/scam.png)
China sees another digital yuan fraud case
Chinese police have busted yet another tele-fraud case related to e-CNY money laundering as the country continues to test the digital currency.
![India’s 1st parliamentary meeting on crypto ends with consensus on regulation — and no ban 11 India’s first parliamentary meeting on crypto ends with consensus on regulation, not ban](https://forkast.news/wp-content/uploads/2021/11/Indian_Parliament_Building_Delhi_India-1260x945.jpeg)
India’s 1st parliamentary meeting on crypto ends with consensus on regulation — and no ban
While the government has yet to figure out the details, a crypto regulatory regime is expected to be released before February.
![Baby Sharks from most-viewed YouTube video released in NFTs 12 Pinkfong Baby Shark NFTs | Pinkfong Baby Shark characters to be made into NFTs](https://forkast.news/wp-content/uploads/2021/11/Image_BABY-SHARK-SWIMS-INTO-NFT-WORLD-1260x840.jpg)
Baby Sharks from most-viewed YouTube video released in NFTs
The maker of the catchy children’s song and dance video of Pinkfong Baby Shark is launching NFTs (non-fungible tokens) of its globally beloved characters with upgraded design and music. Fast facts SmartStudy, a South Korean educational entertainment company and the creator of the Pinkfong Baby Shark, announced a partnership with MakersPlace, a digital art marketplace. […]
![UAE's LuLu Exchange, Pakistan's Bank Alfalah partner on cross-border payments 13 Bank Alfalah and LuLu Exchange partner on cross-border payments via RippleNet](https://forkast.news/wp-content/uploads/2021/11/Bank-Alfalah_LuLu-Exchange_Ripple-1260x709.jpg)
UAE’s LuLu Exchange, Pakistan’s Bank Alfalah partner on cross-border payments
LuLu Exchange, a financial services company in the United Arab Emirates (UAE), and Pakistan’s Bank Alfalah are partnering to bring faster and more cost-effective cross-border payments and remittances from the UAE to Pakistan using RippleNet. Fast facts Bank Alfalah’s integration with RippleNet — Ripple’s global payments network for financial institutions — and its launch with […]
![Earnings for Axie Infinity players drop below Philippines minimum wage 14 Axie Decline](https://forkast.news/wp-content/uploads/2021/11/FF_AxieDecline2-1260x709.jpg)
Earnings for Axie Infinity players drop below Philippines minimum wage
After shooting to prominence earlier in the year and bringing huge profits to early adopters, earnings for players of blockchain-based game Axie Infinity have dropped below the minimum wage line for most players in the Philippines, according to a recent report by research firm Naavik. Fast facts Using data sourced from the official website of […]
![Bitcoin, Ethereum prices drop as crypto funds see record $9B in inflows this year 15 bitcoin](https://forkast.news/wp-content/uploads/2021/11/bitcoin-1260x840.jpg)
Bitcoin, Ethereum prices drop as crypto funds see record $9B in inflows this year
Cryptocurrency prices dropped again this morning Asia time, with Bitcoin and Ethereum trading 7% and 8% lower respectively in 24-hour trading, according to CoinGecko data. In the meanwhile, a new CoinShares report on institutional investing in cryptocurrency found record inflows year-to-date, suggesting that big investors overall are still bullish on crypto. Fast facts Bitcoin — the […]
![A crypto trader is rescued after being kidnapped by local gang for six days 16 Hong Kong Police's briefing on the kidnapping | A Hong Kong crypto investor rescued after being kidnapped for six days](https://forkast.news/wp-content/uploads/2021/11/스크린샷-2021-11-16-오전-11.31.58-1260x709.png)
A crypto trader is rescued after being kidnapped by local gang for six days
A crypto investor in Hong Kong was rescued six days after being kidnapped earlier this month when he tried to meet a buyer offline who promised to purchase his Tether tokens.
![SEC enlists court to compel Terraform Labs and its CEO to testify 17 v.](https://forkast.news/wp-content/uploads/2021/11/v.-1260x1008.jpg)
SEC enlists court to compel Terraform Labs and its CEO to testify
The creator of the Mirror protocol and its CEO Do Kwon have little recourse but to comply with the SEC subpoena to produce documents and testify.
![Taproot is the biggest Bitcoin upgrade in 4 years — what it means, and price reaction 18 bitcoin, Taproot is the first Bitcoin upgrade after four years — here’s what it means](https://forkast.news/wp-content/uploads/2021/11/close-up-photo-of-bitcoin-crypto-currency-2021-09-03-08-50-39-utc-1-1260x840.jpg)
Taproot is the biggest Bitcoin upgrade in 4 years — what it means, and price reaction
While Ethereum leads the market in smart contracts, Bitcoin’s Taproot upgrade could help the world’s oldest blockchain emerge as a future contender. Here’s why.
![7 in 10 wealthy South Koreans won't invest in crypto, survey says 19 Golden bitcoins and South Korea flag | 7 out of 10 wealthy South Koreans won't invest in crypto](https://forkast.news/wp-content/uploads/2021/11/golden-bitcoins-and-south-korea-flag-2021-08-26-16-24-27-utc-4-1260x840.jpg)
7 in 10 wealthy South Koreans won’t invest in crypto, survey says
A recent survey in South Korea revealed a majority of its wealthier investors are not willing to make investments in virtual assets, due to concerns over experiencing losses. Fast facts KB Financial Group’s Korea Wealth Report 2021 surveyed 400 South Korean citizens with over 1 billion Korean won, or about US$847,816 in financial assets. Out […]
![Taiwan has a chance to develop crypto amid China’s clampdown, Filecoin Foundation director says 20 Taiwan](https://forkast.news/wp-content/uploads/2021/11/Taiwan-1260x709.png)
Taiwan has a chance to develop crypto amid China’s clampdown, Filecoin Foundation director says
As crypto projects are relocating from China to friendlier shores, it represents ‘huge opportunity’ for Taiwan.
![Africa’s first CBDC wallet hits almost 500K downloads 21 Nigerian fiat, Africa’s first CBDC wallet hits almost 500K downloads](https://forkast.news/wp-content/uploads/2021/11/nigerian-money-in-a-magnifying-glass-2021-08-29-04-49-55-utc-1260x840.jpg)
Africa’s first CBDC wallet hits almost 500K downloads
As central bank digital currencies begin picking up steam around the world, the Central Bank of Nigeria announced on Friday the digital wallet for its own digital currency, the eNaira, has been downloaded 488,000 times in 160 countries — in just 19 days after its launch. Fast facts According to local news reports, after President […]
![Animoca Brands dreams big with K-pop agency Cube to build metaverse and NFTs 22 Cube](https://forkast.news/wp-content/uploads/2021/11/Timmy-1-1.png)
Animoca Brands dreams big with K-pop agency Cube to build metaverse and NFTs
Animoca Brands, a Hong Kong-based blockchain gaming unicorn, announced today that it has teamed up with Cube Entertainment, a major K-pop entertainment agency, to form a joint venture dedicated to building a music metaverse and issuing non-fungible tokens (NFTs), joining a slew of K-pop labels to make forays into the NFT and metaverse space. Fast […]
![What are the challenges to regulating DeFi? 23 the image of the concept of Rules, What are the challenges to regulating DeFi?](https://forkast.news/wp-content/uploads/2021/11/control-2021-08-30-06-21-32-utc-1260x812.jpg)
What are the challenges to regulating DeFi?
Developing regulations for decentralized finance is easier said than done. Attorneys Victor Ho, Andre Da Roza and Saranpaal Calais discuss the many legal and practical hurdles.
![China ousts former official for supporting crypto mining, corruption 24 China](https://forkast.news/wp-content/uploads/2021/11/Timmy-1.png)
China ousts former official for supporting crypto mining, corruption
A former Chinese official has been expelled from the Communist Party of China for “serious violations of discipline and law” as he was found to introduce and support cryptocurrency mining activities, in what may be the first time for China’s anti-graft watchdog to expel an official over crypto mining. Fast facts The country’s anti-corruption watchdog […]
![Algorand Foundation, Blockchain Association Singapore partner to grow blockchain ecosystem 25 MOU Signing between The Algorand Foundation and Blockchain Association Singapore](https://forkast.news/wp-content/uploads/2021/11/BAS-1260x838.jpg)
Algorand Foundation, Blockchain Association Singapore partner to grow blockchain ecosystem
The Algorand Foundation, a Singapore-based blockchain organization supporting the development of the Algorand ecosystem, has partnered with the Blockchain Association Singapore to drive the development of blockchain technology in Singapore and the wider Southeast Asia region. Fast facts In a memorandum of understanding signed on Nov. 12, the ecosystem partnership will see the Algorand Foundation […]
![Blockchain gaming firm Forte closes $725M Series B funding 26 Forte](https://forkast.news/wp-content/uploads/2021/11/FF_FORT4-1260x709.jpg)
Blockchain gaming firm Forte closes $725M Series B funding
In another sign of increasing adoption of blockchain technology in the gaming industry, Forte — a leading provider of blockchain solutions for game publishers — has secured US$725 million in a Series B fundraising round, the firm announced. Fast facts Led by Sea Capital and Kora Management, this follows from the US$185 million it raised […]
![Hong Kong's First Digital Trust to custody security tokens on IX Swap 27 Hong Kong skyline](https://forkast.news/wp-content/uploads/2021/11/Hong-Kong-1260x705.jpg)
Hong Kong’s First Digital Trust to custody security tokens on IX Swap
First Digital Trust, a Hong Kong-regulated trust and custodian specializing in digital assets, has become the first official custodian of IX Swap, a security token and cryptocurrency exchange, according to a company announcement today. Fast facts IX Swap is a decentralized finance (DeFi) automated market maker and liquidity pool for security tokens and tokenized stocks. […]
![SEC rejects spot Bitcoin ETF 28 single bitcoin cryptocurrency on a gradient 2021 08 26 22 34 21 utc](https://forkast.news/wp-content/uploads/2021/11/single-bitcoin-cryptocurrency-on-a-gradient-2021-08-26-22-34-21-utc-1260x841.jpg)
SEC rejects spot Bitcoin ETF
The SEC rejected a Bitcoin spot ETF, citing the possibility of fraud, which briefly sent BTC prices down.
![South Korea’s crypto exchange Coinone makes the cut, but not Bithumb 29 Golden bitcoins and South Korea flag | Coinone accepted as the third official crypto exchange in South Korea](https://forkast.news/wp-content/uploads/2021/11/golden-bitcoins-and-south-korea-flag-2021-08-26-16-24-27-utc-3-1260x840.jpg)
South Korea’s crypto exchange Coinone makes the cut, but not Bithumb
The Financial Intelligence Unit (FIU) has accepted Coinone’s compliance report with South Korea’s latest crypto regulations, while Bithumb is left as the only crypto trading platform out of the country’s four major exchanges to not be officially registered under the FIU. Fast facts Coinone became the third official cryptocurrency exchange of South Korea, following Upbit […]
![How charities can use NFTs to amp up fundraising from viral content 30 auction, How charities can use NFTs to maximize fundraising from viral content](https://forkast.news/wp-content/uploads/2021/11/business-people-at-auction-2021-08-27-22-35-16-utc-2-1260x840.jpg)
How charities can use NFTs to amp up fundraising from viral content
Charities are just beginning to explore the potential of NFTs, writes Billy Sebell of XinFin Network. Here’s how NFTs can help raise big money beyond artwork auctions.
![Indonesia’s top Islamic council says crypto use is forbidden for Muslims: report 31 Indonesia](https://forkast.news/wp-content/uploads/2021/11/Indonesia.png)
Indonesia’s top Islamic council says crypto use is forbidden for Muslims: report
The religious body’s decision comes after the country saw crypto transaction growth earlier this year.
![Double Eleven: 240,000 orders by e-CNY on top e-commerce platform JD.com 32 JD's logistic truck, 240 thousands orders paid by e-CNY on China's #1 retail platform during the “Double 11” festival](https://forkast.news/wp-content/uploads/2021/11/20210903_Truck_of_JD_on_Huaxia_Avenue.jpg)
Double Eleven: 240,000 orders by e-CNY on top e-commerce platform JD.com
More than 100,000 consumers used China’s central bank digital currency (CBDC) to make some 240,000 purchases on China’s top e-commerce platform JD.com on the annual shopping festival Double 11 [11.11], according to the platform’s report. Yet that is likely only a fraction of total Nov. 11 digital sales. Fast facts Double11 refers to a Chinese […]
![Russian parliamentarian proposes to study and regulate crypto mining 33 Russia](https://forkast.news/wp-content/uploads/2021/11/Russia.png)
Russian parliamentarian proposes to study and regulate crypto mining
The Russian government could be looking to legalize cryptocurrency mining, as parliamentarian Andrey Lugovoy proposed the creation of a working group to discuss the issue, according to a Thursday press statement from State Duma, the country’s lower house of the parliament. Fast facts Lugovoy, also a deputy chairman of a committee on security and anti-corruption, […]
![Solana Breakpoint 2021 celebrates price ATH, technology and projects to come on the emerging blockchain 34 DegenerateApe](https://forkast.news/wp-content/uploads/2021/11/DegenerateApe-1260x678.png)
Solana Breakpoint 2021 celebrates price ATH, technology and projects to come on the emerging blockchain
Rounding out an impressive year for the world’s No. 5 blockchain, Solana held its first global offline conference in Lisbon this week. Here’s a look at some of the key moments.
![Discord dismisses ETH integration amid community backlash 35 Jason Citron](https://forkast.news/wp-content/uploads/2021/11/JasonCitron-1260x840.jpg)
Discord dismisses ETH integration amid community backlash
Only two days after hinting via Twitter that leading social media platform Discord may support Ethereum, company co-founder and CEO Jason Citron has clarified the platform “has no current plans” to integrate the two. Fast facts Tweeting in response to the original post, Citron thanked community members for their perspectives and reiterated the firm is […]
![Digital yuan use surges across China with 140 million wallets as officials deny timetable for launch 36 The sign of e-CNY, E-CNY’s transaction volume, private wallets surges in October](https://forkast.news/wp-content/uploads/2021/11/DCEP_available_In_Shenzhen-2-1260x709.jpg)
Digital yuan use surges across China with 140 million wallets as officials deny timetable for launch
China’s soft rollout of the first major economy’s central bank digital currency (CBDC) continues apace. Yi Gang, governor of the People’s Bank of China, and Mu Changchun, director of the Digital Currency Research Institute of the bank, reported that the average weekly transaction volume of e-CNY is growing by 3 billion yuan (US$469 million) and […]
![Tencent CEO excited about metaverse as Q3 revenue lags 37 Tencent](https://forkast.news/wp-content/uploads/2021/11/Tencent-building-1260x771.jpeg)
Tencent CEO excited about metaverse as Q3 revenue lags
Pony Ma, chairman and CEO of Tencent — the Chinese payments and social media giant that is also the world’s biggest video games vendor — said in the company’s third-quarter performance call this week that the metaverse is “very exciting, but a little bit vague,” and “an opportunity that really adds growth to the existing […]
![Ethereum's Web 3.0 ecosystem expands, 3.4 million now into DeFi 38 Ethereum](https://forkast.news/wp-content/uploads/2021/11/Ethereum-2-1260x709.jpg)
Ethereum’s Web 3.0 ecosystem expands, 3.4 million now into DeFi
Ethereum’s sprawling Web 3.0 ecosystem — which includes the majority of the decentralized finance (DeFi), stablecoins, non-fungible tokens (NFTs) and blockchain gaming worlds — continues to expand and draw users, with 3.4 million Ethereum addresses interacting with DeFi protocols, according to ConsenSys’ Web 3 Q3 2021 report published this week. Led by Ethereum co-founder Joseph […]
![Mayor says Miami will pay crypto dividends to residents 39 GettyImages 1152449770](https://forkast.news/wp-content/uploads/2021/11/GettyImages-1152449770-1260x837.jpg)
Mayor says Miami will pay crypto dividends to residents
Mayor Francis Suarez may be on his way to eliminating taxes by paying residents a crypto dividend
![Scams are bullish for crypto 40 wall street sign with street lamp near stock excha 2021 08 26 22 35 03 utc](https://forkast.news/wp-content/uploads/2021/11/wall-street-sign-with-street-lamp-near-stock-excha-2021-08-26-22-35-03-utc-1260x840.jpg)
Scams are bullish for crypto
After recent scams were uncovered involving Walmart and Kroger, and Bitcoin Cash and Litecoin, why did the stock prices fall while the crypto prices rallied?
![‘Double Eleven 2021: Common Prosperity’ — how an NFT project examines Chinese tech giants' dominance 41 ROK's NFT series “Double Eleven 2021: Common Prosperity” | Photo courtesy of ROK](https://forkast.news/wp-content/uploads/2021/11/Double-Eleven-2021-Common-Prosperity-1260x716.png)
‘Double Eleven 2021: Common Prosperity’ — how an NFT project examines Chinese tech giants’ dominance
In a 48-second, computer-generated 3D animation, ROK uses a decentralized format to offer an ironic take on China’s internet giants crowding to host the shopping holiday.
![South Korean court favors investors in crypto-hacking lawsuit against exchange 42 Seoul District Court | South Korean court holds crypto exchange liable in hacking case](https://forkast.news/wp-content/uploads/2021/11/GettyImages-630996574-1260x840.jpg)
South Korean court favors investors in crypto-hacking lawsuit against exchange
The Seoul District Court made an unprecedented ruling in favor of investors who lost their virtual assets in a hacking incident at crypto exchange Coinrail. Fast facts On Wednesday, the court ruled that Linus Co., the operator of the Coinrail exchange, needs to pay the plaintiffs 380 million Korean won (about US$320,000). The plaintiffs, consisting […]
![For China, quantity of blockchain patent applications not necessarily quality: report 43 China patent](https://forkast.news/wp-content/uploads/2021/11/Timmy.png)
For China, quantity of blockchain patent applications not necessarily quality: report
The greatest number does not mean the greatest significance, analytics firm PatSnap says.
![Philadelphia joins Miami, NYC in city government blockchain ambitions 44 Philadelphia city joins Miami and NYC in blockchain ambitions](https://forkast.news/wp-content/uploads/2021/11/actionvance-guy5aS3GvgA-unsplash-1260x840.jpg)
Philadelphia joins Miami, NYC in city government blockchain ambitions
Inspired by Miami’s launch of a city token — MiamiCoin — Mark Wheeler, the city of Philadelphia’s chief innovation officer, announced an initiative to bring blockchain and Web 3.0 technology to city governance. Fast facts Wheeler is currently conducting a discovery process to hold conversations with blockchain and Web 3.0 technology developers to understand the […]
![Kazakhstan’s legal crypto miners won’t face power restrictions: energy minister 45 Kazakhstan](https://forkast.news/wp-content/uploads/2021/11/jz.png)
Kazakhstan’s legal crypto miners won’t face power restrictions: energy minister
While Kazakhstan — a popular destination for Chinese crypto miners as they look for more regulation-friendly shores — continues to face power shortages, the country’s energy minister has said the authority will not restrict power consumption for legal crypto miners, according to a government statement. Fast facts Magzum Mirzagaliyev, Kazakhstan’s minister of energy, said at […]
![Funding in crypto firms in Southeast Asia surges over 400% in 2021 46 FinTech in ASEAN 2021 report](https://forkast.news/wp-content/uploads/2021/11/FinTech-ASEAN-2021-1260x709.jpg)
Funding in crypto firms in Southeast Asia surges over 400% in 2021
Amid rising retail and institutional investor interest in cryptocurrencies like Bitcoin and Ethereum, investments poured into crypto firms in Southeast Asia in the first nine months of 2021 surged by over 400% compared with full year 2020 to US$356 million, according to the FinTech in ASEAN 2021 report by UOB, PwC Singapore and the Singapore […]
![SEC halts token registration of America's first legal DAO 47 SEC halts token registration of America's first legal DAO](https://forkast.news/wp-content/uploads/2021/11/GettyImages-82880353-1260x895.jpg)
SEC halts token registration of America’s first legal DAO
The U.S. Securities and Exchange commission halted the token registration of American CryptoFED, the first legally recognized decentralized autonomous organization in the U.S. Fast facts Wyoming-based American CryptoFED became the first DAO in the U.S. to achieve legal status in July after Wyoming passed a law that recognized DAOs as limited liability companies. A DAO […]
![Crypto markets shudder as Evergrande fears re-emerge 48 Evergradne](https://forkast.news/wp-content/uploads/2021/11/Evergrande-1260x840.jpg)
Crypto markets shudder as Evergrande fears re-emerge
As speculation continues over the fate of the Chinese property development giant, crypto markets were not spared the downturn over fears of its potential collapse.
![Ripple to launch ‘game-changer’ liquidity hub amid XRP legal battles with SEC 49 Ripple launches liquidity hub](https://forkast.news/wp-content/uploads/2021/11/Ripple-1260x709.jpg)
Ripple to launch ‘game-changer’ liquidity hub amid XRP legal battles with SEC
Trying to move beyond XRP, Ripple hopes its customers will join RippleNet with a wallet that supports fiat and other cryptos like Bitcoin and Ether.
![Cambridge Centre for Carbon Credits to build carbon credit marketplace on Tezos blockchain 50 blockchain, satellite, AI](https://forkast.news/wp-content/uploads/2021/11/Cambridge-Centre-for-Carbon-Credits-1260x709.jpg)
Cambridge Centre for Carbon Credits to build carbon credit marketplace on Tezos blockchain
World leaders at the COP26 climate summit this month promised to end deforestation by 2030. But significant challenges to achieving the goal remain to be overcome. The Cambridge Centre for Carbon Credits, based at the University of Cambridge, this week launched with the goal to build a decentralized marketplace of verifiable carbon credits to support […]
![USDC stablecoin issuer Circle sets up regional hub in Singapore, launches Circle Ventures 51 Circle sets up regional hub in Singapore](https://forkast.news/wp-content/uploads/2021/11/Circle-1260x709.jpg)
USDC stablecoin issuer Circle sets up regional hub in Singapore, launches Circle Ventures
Circle, the digital payment company that operates the USD Coin (USDC) stablecoin, this week announced it is setting up a regional hub in Singapore and looking to partner with local businesses for its stablecoin Lighthouse Project. Fast facts U.S.-based Circle says its move into Singapore is part of its global expansion plans and the company […]
![Beeple’s first physical artwork sells for $29M at auction 52 Beeple](https://forkast.news/wp-content/uploads/2021/11/FF_HumanOne2.jpg)
Beeple’s first physical artwork sells for $29M at auction
The digital artist who helped launch the non-fungible token craze earlier this year, Beeple, has sold his first physical artwork and accompanying NFT for US$28.9 million at a live Christie’s auction in New York on Tuesday night. Fast facts Beeple’s first physical work “Human One” is a seven-foot-tall box with LED screens on each side […]
![Double-whammy U.S. inflation news sends Bitcoin flirting with US$69,000 53 golden bitcoins of new digital money on banknotes 2021 09 03 12 19 35 utc](https://forkast.news/wp-content/uploads/2021/11/golden-bitcoins-of-new-digital-money-on-banknotes-2021-09-03-12-19-35-utc-1260x840.jpg)
Double-whammy U.S. inflation news sends Bitcoin flirting with US$69,000
Within minutes of reports showing U.S. consumer prices rising and weekly wages falling, Bitcoin surged on inflation fears.
![Bitcoin mining is ‘infinitely sustainable,’ says Blockstream executive 54 mining panel](https://forkast.news/wp-content/uploads/2021/11/mining-panel-1260x703.png)
Bitcoin mining is ‘infinitely sustainable,’ says Blockstream executive
Panel explores sustainability issues surrounding the energy-intensive industry at Bitcoin & Beyond Virtual Summit.
![South Korea’s finance minister still believes in 20% crypto tax for 2022 55 Golden Bitcoins and South Korea flag | S. Korea’s finance minister still believes in 20% crypto tax for 2022](https://forkast.news/wp-content/uploads/2021/11/golden-bitcoins-and-south-korea-flag-2021-08-26-16-24-27-utc-2-1260x840.jpg)
South Korea’s finance minister still believes in 20% crypto tax for 2022
Despite movement from both the ruling Democratic Party and the conservative party to delay the 20% virtual asset gains tax, South Korean finance minister still thinks it should start as planned for Jan. 1, 2022.
![The media's role in driving growth in crypto 56 Bitcoin and Beyond conference, The media's role in driving growth in crypto](https://forkast.news/wp-content/uploads/2021/11/Screenshot-2021-11-10-at-4.45.25-PM-1260x707.png)
The media’s role in driving growth in crypto
Panel looks at best practices in news coverage from Decrypt Media, CoinDesk, South China Morning Post.
![Why the crypto industry needs compromise and education 57 Angie Lau, Sheila Warren, Perianne Boring, Sam Bankman-Fried](https://forkast.news/wp-content/uploads/2021/11/BBpanel-1260x702.jpg)
Why the crypto industry needs compromise and education
FTX founder and CEO Sam Bankman-Fried says building products that people want is what matters most, and the crypto industry and regulators will need to find compromises to resolve some of the industry’s pressing issues.
![Middle-ground India crypto bill could be introduced this month 58 Indian crypto bill could be introduced in the parliament this month](https://forkast.news/wp-content/uploads/2021/09/Screenshot-2021-09-21-at-14.38.32-1260x680.png)
Middle-ground India crypto bill could be introduced this month
The Indian government is looking to introduce a cryptocurrency bill in the winter session of parliament in a bid to “fast track” regulation of a rapidly growing ecosystem, CNBC-TV18 reported. Fast facts India first drafted a bill to ban all cryptocurrencies in the budget session of 2021, but it was never tabled for discussions. Officials […]
![Discord CEO hints at integration with Ethereum to mixed response 59 Discord](https://forkast.news/wp-content/uploads/2021/11/FF_Discord3-1260x709.jpg)
Discord CEO hints at integration with Ethereum to mixed response
Co-founder and CEO of popular social media platform Discord, Jason Citron, has hinted at integration with Ethereum via wallets such as MetaMask by tweeting a screenshot of Discord connecting to the world’s number two blockchain along with the caption “probably nothing.” Fast facts It came in response to another tweet by writer Packy McCormick, which […]
![BitMEX CEO expects 5 to 10 countries to adopt Bitcoin by next year 60 BitMEX CEO expects 5 to 10 countries to adopt Bitcoin by next year](https://forkast.news/wp-content/uploads/2021/11/Screenshot-2021-11-10-at-14.16.05.png)
BitMEX CEO expects 5 to 10 countries to adopt Bitcoin by next year
While El Salvador carved out its place in history as the first country in the world to adopt Bitcoin as legal tender, there are others that may follow for an array of reasons.
![What is the future of crypto and DeFi regulations? 61 Screen Shot 2021 11 09 at 12.22.46 AM 1](https://forkast.news/wp-content/uploads/2021/11/Screen-Shot-2021-11-09-at-12.22.46-AM-1-1260x703.png)
What is the future of crypto and DeFi regulations?
From China’s crackdowns to El Salvador’s Bitcoin adoption, where is the world headed in how governments regard crypto? An expert panel explores the future of decentralized finance in the global economy.
![Apple boss Tim Cook says he owns cryptocurrency 62 Tim Cook](https://forkast.news/wp-content/uploads/2021/11/FF_TIMCOOK-1260x870.jpg)
Apple boss Tim Cook says he owns cryptocurrency
Apple CEO Tim Cook has revealed that he owns cryptocurrency during a discussion yesterday at the New York Times’ Dealbook conference, responding to a question as to whether he owned either Bitcoin or Ethereum. Fast facts While he did not reveal which cryptocurrencies he held, the tech boss said in an interview with Andrew Ross […]
![Crypto exchange Huobi to stop serving Singapore-based customers 63 Singapore skyline](https://forkast.news/wp-content/uploads/2021/11/singapore-1-1260x709.jpg)
Crypto exchange Huobi to stop serving Singapore-based customers
Cryptocurrency exchange Huobi Global will stop serving Singapore-based customers from March 31, 2022 to comply with Singapore laws, according to a company announcement on Nov. 9. Fast facts “To comply with the laws of Singapore, we will have to include Singapore as a restricted jurisdiction. Regrettably, this means Huobi Global can no longer offer services […]
![Coinbase reports 75% drop in Q3 profits — despite SHIB listing 64 Coinbase. | Coinbase reports growth in Q4 earnings despite decline in users](https://forkast.news/wp-content/uploads/2021/11/FF_Coinbase-1260x838.jpg)
Coinbase reports 75% drop in Q3 profits — despite SHIB listing
The largest U.S.-based cryptocurrency exchange, Coinbase, earned just US$406 million net income in Q3 this year — a 74.7% decline over the previous quarter — according to the company’s investor earnings report released yesterday. Fast facts That figure represents a 500% increase over Q3 last year, but is significantly less than the US$1.6 billion in […]
![United we stand: crypto experts debate tribalism 65 Screen Shot 2021 11 08 at 11.52.06 PM](https://forkast.news/wp-content/uploads/2021/11/Screen-Shot-2021-11-08-at-11.52.06-PM-1260x707.png)
United we stand: crypto experts debate tribalism
Crypto is ‘a behavioral economics experiment,’ says Real Vision co-founder Raoul Pal. ‘Your incentive system is not a like button on Facebook, it’s money.’
![SM Entertainment to invite K-pop fans into their metaverse through NFTs 66 SM Entertainment's metaverse-themed K-pop group, aespa | SM Entertainment to utilize NFTs for attracting fans into their metaverse](https://forkast.news/wp-content/uploads/2021/11/9eMbYkHoHlP0ry6J_1eaa54d664d74391b10f6f082ef92aa2_1605244210983.jpeg)
SM Entertainment to invite K-pop fans into their metaverse through NFTs
One of South Korea’s largest entertainment agencies, SM Entertainment, plans to create future content under its SM Culture Universe (SMCU) metaverse in NFTs — according to its founder Lee Soo-man at Solana’s Breakpoint 2021 conference. Fast facts Lee said SM’s own metaverse, the SMCU, needs to be a place for creation where K-pop prosumers can […]
![How is the launch of Bitcoin futures ETFs affecting crypto mining? 67 Bitcoins in sand, how are institutional adoption and the recent events impacting Bitcoin mining](https://forkast.news/wp-content/uploads/2021/11/bitcoins-in-sand-2021-08-26-23-03-03-utc-1260x841.jpg)
How is the launch of Bitcoin futures ETFs affecting crypto mining?
After the SEC approved a Bitcoin futures ETF, the cost of crypto mining rigs jumped. Coincidence? Varit Bulakul of The Brooker Group explains.
![Unlocking the power of Bitcoin through smart contracts 68 Stefan Rust and Brittany Laughlin](https://forkast.news/wp-content/uploads/2021/11/Screen-Shot-2021-11-09-at-1.15.56-AM-1260x863.png)
Unlocking the power of Bitcoin through smart contracts
As Ethereum has become the preferred blockchain for smart contracts, what’s the future of the Bitcoin blockchain?
![Thinking big: Blockchain paradigm shift may upend the social contract 69 Screen Shot 2021 11 08 at 11.58.38 PM](https://forkast.news/wp-content/uploads/2021/11/Screen-Shot-2021-11-08-at-11.58.38-PM-1260x701.png)
Thinking big: Blockchain paradigm shift may upend the social contract
Trust, data privacy and job elimination are some of the challenges that society will face as blockchain ushers in Web3.0, according to Don Tapscott.
![3 themes driving institutional adoption of digital assets 70 Cryptocurrency coins on dark background, what is driving the digital asset surge in 2021.](https://forkast.news/wp-content/uploads/2021/11/cryptocurrency-coins-on-black-background-2021-09-03-05-55-59-utc-1260x749.jpg)
3 themes driving institutional adoption of digital assets
What makes 2021’s roaring crypto market different from 2017’s are the banks and VCs piling in, writes Calvin Shen of Hex Trust. What’s behind their crypto adoption?
![Crypto exchange industry consolidating as DEXes surge in popularity 71 Growth in number of active exchanges by business model](https://forkast.news/wp-content/uploads/2021/11/Chainalysis-1260x513.jpg)
Crypto exchange industry consolidating as DEXes surge in popularity
The highly competitive cryptocurrency exchange industry appears to be consolidating, according to blockchain analytics provider Chainalysis as part of its Competitive Landscape Report that will be released next week. Fast facts The number of active cryptocurrency exchanges peaked at 845 in August 2020 and stood at 672 as at August 2021, Chainalysis reported. The exchanges […]
![Vitalik Buterin: How DeFi, NFTs and DAOs are building a value exchange layer for Web 3.0 72 Real Vision co-founder and CEO Raoul Pal and Ethereum creator Vitalik Buterin at the Singapore FinTech Festival 2021](https://forkast.news/wp-content/uploads/2021/11/SFF_Vitalik-1260x689.jpg)
Vitalik Buterin: How DeFi, NFTs and DAOs are building a value exchange layer for Web 3.0
Speaking at the Singapore FinTech Festival, Ethereum’s creator discusses DeFi adoption and why he expects Ethereum’s ‘killer ecosystem’ to grow over the next few years.