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![Nomura-backed Komainu partners Crypto Garage for institutional crypto services 1 japanese cherry blossom tree along a scenic view](https://forkast.news/wp-content/uploads/2023/10/Japan-cherry-blossom-trading-house-2-1260x706.png)
Nomura-backed Komainu partners Crypto Garage for institutional crypto services
The collaboration aims to build institutional crypto services in Japan.
![Circle to cease USDC minting for retail customers 2 Circle Internet Financial logo in front of cryptocurrencies laid on gravel | Circle says US$3.3 bln USDC reserve at SVB available Monday, announces partnership with Cross River | circle usdc, silicon valley bank, silvergate, signature bank](https://forkast.news/wp-content/uploads/2023/03/Untitled-design-18-1260x709.jpg)
Circle to cease USDC minting for retail customers
Circle said the account closures do not apply to businesses or institutional Circle Mint accounts.
![SBF examined over “cozy relationship” with Bahamian government in fraud trail 3 FTX founder Sam Bankman-Fried exits a Manhattan Federal Court](https://forkast.news/wp-content/uploads/2023/08/FTX-founder-Sam-Bankman-Fried-exits-a-Manhattan-Federal-Court.jpg)
SBF examined over “cozy relationship” with Bahamian government in fraud trail
This marked Bankman-Fried’s fourth and final day of testimony before Wednesday’s closing arguments.
![How blockchain can fortify children's online safety 4 child online safety](https://forkast.news/wp-content/uploads/2023/10/FORKAST-IMAGES-7-1260x710.png)
How blockchain can fortify children’s online safety
Colossal failures in online age verification have opened the floodgates for kids to access harmful content and become ‘friends’ with adult strangers. Can encrypted decentralized IDs put a stop to all that?
![NFT's October treat 5 abstract NFT](https://forkast.news/wp-content/uploads/2023/08/Forkast-Opinion-Images-2-8-1260x710.png)
NFT’s October treat
October sees NFT resurgence with US$300 million in sales despite negative trade profits; SoFi platforms face challenges amid financial scrutiny.
![Mad Lads creator Backpack to launch licensed crypto exchange in Dubai 6 DUBAI, UAE - MAR 18, 2014: Famous Jumeirah beach view with 7 star hotel Burj Al Arab, Dubai, United Arab Emirates](https://forkast.news/wp-content/uploads/2023/06/dubai-1260x837.jpg)
Mad Lads creator Backpack to launch licensed crypto exchange in Dubai
Backpack said it also secured operational licenses in other jurisdictions.
![‘Uptober’ narrative saved by spot Bitcoin ETF bounce 7 Bitcoin October Uptober Autumn](https://forkast.news/wp-content/uploads/2023/10/Bitcoin-October-Uptober-Autumn-1260x706.png)
‘Uptober’ narrative saved by spot Bitcoin ETF bounce
Often dismissed as coincidence, October has once again produced an upswing in the crypto market, with excitement around a potential U.S. spot Bitcoin ETF to thank for this year’s ‘Uptober.’
![Sam Bankman-Fried’s credibility questioned by prosecutors during cross-examination 8 FTX founder Sam Bankman-Fried. Image: Getty Images](https://forkast.news/wp-content/uploads/2023/02/GettyImages-1245786421.jpg)
Sam Bankman-Fried’s credibility questioned by prosecutors during cross-examination
Prosecutors pointed out inconsistencies in Bankman-Fried’s public statements before FTX collapsed in a four-hour grilling.
![Singapore, Japan, Switzerland and U.K. to collaborate on digital assets pilots 9 Downtown Singapore.](https://forkast.news/wp-content/uploads/2023/09/IMG-4893-1260x945.jpg)
Singapore, Japan, Switzerland and U.K. to collaborate on digital assets pilots
The MAS said that its previous tokenization pilots demonstrated great potential benefits of the technology.
![UK plans to introduce fiat-backed stablecoin rules in early 2024 10 flag of UK and the word crypto on a magnifying glass](https://forkast.news/wp-content/uploads/2022/09/Forkast-Opinion-Images-5-1260x710.png)
UK plans to introduce fiat-backed stablecoin rules in early 2024
The U.K. intends to introduce rules on fiat-backed stablecoins in early 2024, according to the government’s latest cryptocurrency policy update published on Monday. See related article: Singapore, Thailand clarify crypto rules; NFTs become new cultural frontier Fast Facts See related article: Blockchain tech in Thailand gets boost from new pro-crypto lead
![Standard Chartered’s Zodia Custody to launch in Hong Kong 11 Standard Chartered Bank](https://forkast.news/wp-content/uploads/2022/11/stanchart-1260x838.jpg)
Standard Chartered’s Zodia Custody to launch in Hong Kong
The move is part of an Asia Pacific expansion effort by the cryptocurrency custodian.
![Thailand’s Kasikorn Bank buys majority stake in Satang crypto exchange 12 zipmex thai sec](https://forkast.news/wp-content/uploads/2022/09/thai-1260x840.jpg)
Thailand’s Kasikorn Bank buys majority stake in Satang crypto exchange
The lender, known as K-bank, said it will also open three additional crypto subsidiaries.
![Web2 social media is in a race to the bottom. Web3 can do better 13 social media icons](https://forkast.news/wp-content/uploads/2023/10/FORKAST-IMAGES-10-1260x710.png)
Web2 social media is in a race to the bottom. Web3 can do better
Platforms like Facebook, Reddit and the hot mess formerly known as Twitter are alienating users like never before. ‘Web3 doesn’t let you be a dick and get away with it,’ writes Joonatan Lintala, CEO of Phaver.
![Take two: Sam Bankman-Fried testifies, for real this time 14 SBF trial](https://forkast.news/wp-content/uploads/2023/10/GettyImages-1249941693.jpg)
Take two: Sam Bankman-Fried testifies, for real this time
FTX founder Sam Bankman-Fried denied defrauding anyone as he took to the stand in his criminal trial.
![Neo sets sights on DeFi, unveils EVM-compatible sidechain 15 Neo founder Da Hongfei during his speech at Neo's APAC hackathon's](https://forkast.news/wp-content/uploads/2023/10/Neo-Da-Hongfei-1260x945.jpg)
Neo sets sights on DeFi, unveils EVM-compatible sidechain
Neo’s new sidechain hopes to counter MEV attacks to mitigate exploits and manipulations.
![Taiwan introduces crypto regulation proposal 16 Taipei Taiwan Skyline](https://forkast.news/wp-content/uploads/2023/03/Taiwan.jpg)
Taiwan introduces crypto regulation proposal
Taiwan’s new bill mandates crypto platform permits, addressing self-regulation gaps.
![Sam Bankman-Fried’s testimony gets a test run as the defense presents its case 17 SBF trial](https://forkast.news/wp-content/uploads/2023/10/GettyImages-1607950827.jpg)
Sam Bankman-Fried’s testimony gets a test run as the defense presents its case
In a rare move, Judge Lewis Kaplan sent the jury home early so he can decide what is and isn’t admissible in FTX founder Sam Bankman-Fried’s testimony.
![Bitcoin soars amid buzz of potential ETF approval: Is a crypto renaissance on the horizon? 18 BTC ETF Parity](https://forkast.news/wp-content/uploads/2023/10/BTC-ETF-Parity-1260x710.png)
Bitcoin soars amid buzz of potential ETF approval: Is a crypto renaissance on the horizon?
Top blockchain and crypto news: Bitcoin ETF potential pumps life in markets. Ethereum NFTs back on rise. Major industry layoffs continue.
![Mastercard explores partnerships with crypto wallets MetaMask, Ledger: CoinDesk 19 mastercard](https://forkast.news/wp-content/uploads/2021/07/FF_Mastercard-1260x838.jpg)
Mastercard explores partnerships with crypto wallets MetaMask, Ledger: CoinDesk
Mastercard’s potential tie up with custody service providers may turbocharge crypto wallets’ growth with its global payments prowess.
![NFTs dressing up as a bull? 20 NFTs bull](https://forkast.news/wp-content/uploads/2023/10/NFTs-bull-1260x706.png)
NFTs dressing up as a bull?
Amid Bitcoin’s ‘Uptober’ surge and Friend.tech’s security concerns, traders pivot back to NFTs, spurred by Blur’s rewards end date and potential Bitcoin ETF approvals.
![US spot Bitcoin ETFs — crypto’s silver bullet? 21 Bitcoin ETF silver bullet](https://forkast.news/wp-content/uploads/2023/10/Bitcoin-Silverbullet-4-1260x706.png)
US spot Bitcoin ETFs — crypto’s silver bullet?
Amid news, fake or otherwise, of an imminent approval for at least one spot Bitcoin ETF, Bitcoin’s price has skyrocketed. Could a year of pain in the crypto industry be over?
![Parity Technologies, Polkadot blockchain developer, lays off 30% of staff 22 Polkadot](https://forkast.news/wp-content/uploads/2021/02/Polkadot-Decrypt.jpg)
Parity Technologies, Polkadot blockchain developer, lays off 30% of staff
Parity CEO Björn Wagner said that despite the need for layoffs, the company’s financial health “remains robust.”
![Dark Side of the $MOON: What the collapse of Reddit Community Points teaches us about Web3 tokenomics 23 $MOON and Reddit](https://forkast.news/wp-content/uploads/2023/10/FORKAST-IMAGES-9-1260x710.png)
Dark Side of the $MOON: What the collapse of Reddit Community Points teaches us about Web3 tokenomics
To quell the uproar over the imminent death of a popular rewards program, Reddit is blaming ‘scalability’ and regulatory woes. But the real culprit is Reddit itself for failing to make its tokens sustainable, writes Fabio Galbi, CEO of VSC.
![Binance loses two more top execs in UK and France 24 Binance logo](https://forkast.news/wp-content/uploads/2023/03/binance-1.jpg)
Binance loses two more top execs in UK and France
Global regulatory pressure on the world’s largest exchange continues to take its toll.
![Binance challenges CFTC's global reach in legal clash 25 Binance logo seen through magnifying glass](https://forkast.news/wp-content/uploads/2022/08/binance-1260x776.jpg)
Binance challenges CFTC’s global reach in legal clash
Binance hits back at CFTC, stating U.S. laws can’t police global crypto operations; claims Binance.US operates separately.
![Bitcoin ETF fever sends BTC to heights not seen since May 2022 26 Bitcoin ETF | SEC accepts BlackRock’s Bitcoin ETF application for review | ETF, BlackRock, U.S., BTC-Bitcoin, Regulation & Law](https://forkast.news/wp-content/uploads/2023/07/cryptocurrency-etf-concept-2022-12-16-11-17-31-utc-1260x840.jpg)
Bitcoin ETF fever sends BTC to heights not seen since May 2022
As Bitcoin breaks past $35,000, optimism brews in the crypto market. Is this the end of the prolonged ‘crypto winter’ investors have dreaded?
![North America retains crypto crown even as US regulatory clouds loom: Chainalysis 27 North America retains crypto crown even as US regulatory clouds loom Chainalysis](https://forkast.news/wp-content/uploads/2023/10/North-America-retains-crypto-crown-even-as-US-regulatory-clouds-loom-Chainalysis-1260x726.jpg)
North America retains crypto crown even as US regulatory clouds loom: Chainalysis
The United States is the region’s top driver of crypto activity.
![Astar, Startale Labs announce Web3 partnership with Japanese telecom giant, KDDI 28 Astar Network logo](https://forkast.news/wp-content/uploads/2023/09/Untitled-design-37-1260x709.png)
Astar, Startale Labs announce Web3 partnership with Japanese telecom giant, KDDI
Astar Network and Startale Labs partner with Japanese telecom giant KDDI to boost Web3 adoption.
![China’s central bank to ‘resolutely curb’ crypto speculation; Hong Kong updates regulations 29 Chinas central bank to ‘resolutely curb crypto speculation](https://forkast.news/wp-content/uploads/2023/10/Chinas-central-bank-to-‘resolutely-curb-crypto-speculation-1260x945.jpg)
China’s central bank to ‘resolutely curb’ crypto speculation; Hong Kong updates regulations
PBOC to crack down on crypto speculation, as Hong Kong restricts access to certain “complex” virtual asset products.
![Philippines’ Coins.ph may have lost US$6 million worth of XRP in hack: The Block 30 Coins.ph logo](https://forkast.news/wp-content/uploads/2023/10/Coins.ph-logo-1260x709.jpg)
Philippines’ Coins.ph may have lost US$6 million worth of XRP in hack: The Block
Coins.ph, a cryptocurrency exchange based in the Philippines with millions of users, appeared to have lost 12.2 million XRP tokens, The Block reported on Friday.
![Is TradFi’s entry into DeFi a turning point or a sign of greater battles ahead? 31 Paypal/Visa/Scwab/Goldman Sachs/BlackRock/Fidelity International/Abrdn logos](https://forkast.news/wp-content/uploads/2023/10/FORKAST-IMAGES-5-1260x710.png)
Is TradFi’s entry into DeFi a turning point or a sign of greater battles ahead?
The pillars of Wall Street are muscling their way into crypto and decentralized finance. Who stands to benefit the most?
![Bitcoin briefly rallies above US$30,000 following Grayscale’s new ETF application 32 Bitcoin Ethereum NFT](https://forkast.news/wp-content/uploads/2023/09/Bitcoin-Ethereum-NFT-1260x706.png)
Bitcoin briefly rallies above US$30,000 following Grayscale’s new ETF application
Bitcoin gained over 10% this past week, boosted by Grayscale’s renewed spot Bitcoin ETF application.
![Binance says it signed agreements with new euro banking partners 33 Binance](https://forkast.news/wp-content/uploads/2023/06/Binance.jpg)
Binance says it signed agreements with new euro banking partners
Binance announced it has secured new fiat partners for euro services after its former partner cut ties with the exchange last month.
![LBRY shuts down operations 34 Hand holding up closed sign](https://forkast.news/wp-content/uploads/2023/03/closed-sign-2022-11-08-07-25-24-utc-1260x840.jpg)
LBRY shuts down operations
LBRY issued a final goodbye to the crypto community before winding down operations.
![SEC drops all charges against Ripple’s CEO Garlinghouse and co-founder Larsen 35 SEC chairman Gary Gensler | FTX sues LayerZero Labs to recover US$21 million](https://forkast.news/wp-content/uploads/2023/09/GettyImages-1576899703-1260x866.jpg)
SEC drops all charges against Ripple’s CEO Garlinghouse and co-founder Larsen
The XRP token rose over 6% on the day after the SEC dismissed the charges against Ripple’s top executives.
![Prosecution winds up case against Bankman-Fried ahead of six-day pause in trial 36 SBF trial](https://forkast.news/wp-content/uploads/2023/10/GettyImages-1245585052.jpg)
Prosecution winds up case against Bankman-Fried ahead of six-day pause in trial
FTX’s former general counsel Can Sun testified he was “shocked” by $7 billion in missing customer funds as the prosecution’s case starts to draw to a close.
![Grayscale files for new spot Bitcoin ETF on NYSE Arca 37 Bitcoin ETF | SEC accepts BlackRock’s Bitcoin ETF application for review | ETF, BlackRock, U.S., BTC-Bitcoin, Regulation & Law](https://forkast.news/wp-content/uploads/2023/07/cryptocurrency-etf-concept-2022-12-16-11-17-31-utc-1260x840.jpg)
Grayscale files for new spot Bitcoin ETF on NYSE Arca
Grayscale said that its fund is ready to operate as an ETF upon regulatory approval.
![Gemini, Genesis, DCG sued by New York Attorney General 38 Gemini Falling stars](https://forkast.news/wp-content/uploads/2023/01/Gemini-Falling-stars-1260x710.png)
Gemini, Genesis, DCG sued by New York Attorney General
The lawsuit alleges that the companies defrauded over 230,000 investors.
![Wallet Wars’ raW Pass NFTs sells out in 5 minutes 39 The Wallet Wars logo visible on a black background](https://forkast.news/wp-content/uploads/2023/10/Wallet-Wars-home-screen-169-1260x709.jpg)
Wallet Wars’ raW Pass NFTs sells out in 5 minutes
Wallet Wars, a Space Invaders-inspired game with a Web3 twist: upgradeable NFT spaceships.”
![Coinbase taps Ireland as European hub ahead of MiCA regime 40 Coinbase logo](https://forkast.news/wp-content/uploads/2023/04/GettyImages-1352237969.jpg)
Coinbase taps Ireland as European hub ahead of MiCA regime
Coinbase said that the regulatory clarity MiCA provides to the industry is “hugely welcome.”
![Binance's rollercoaster week: expansion, setbacks, and the ghost of FTX's collapse 41 Binance Japan Bitcoin ETF](https://forkast.news/wp-content/uploads/2023/10/Binance-Japan-Bitcoin-ETF-1-1260x710.png)
Binance’s rollercoaster week: expansion, setbacks, and the ghost of FTX’s collapse
Top blockchain and crypto news: Is Japan a new frontier for Binance? AI art sweeps NFT sales. ETF buzz electrifies Bitcoin.
![Lightning Labs to enable stablecoins on Bitcoin ecosystem with Taproot Assets 42 Single Bitcoin cryptocurrency on a silver through gold metallic gradient background lying face up in the centre](https://forkast.news/wp-content/uploads/2023/08/single-bitcoin-cryptocurrency-on-a-gradient-2021-08-26-22-34-21-utc-1260x841.jpg)
Lightning Labs to enable stablecoins on Bitcoin ecosystem with Taproot Assets
Taproot Assets will “accelerate the process of bringing Bitcoin to those billions of people,” according to Lightning Labs.
![ECB to kick off digital euro preparation phase on Nov. 1 43 digital euro](https://forkast.news/wp-content/uploads/2021/10/digital-euro-1260x945.jpg)
ECB to kick off digital euro preparation phase on Nov. 1
The central bank said that the preparation phase is not a decision on the issuance of a digital euro.
![OFAC sanctions Gaza-based crypto exchange allegedly linked to Hamas 44 israel-and-palestine-conflict-or-war-situation-ref-2022-11-02-16-22-02-utc](https://forkast.news/wp-content/uploads/2023/10/israel-and-palestine-conflict-or-war-situation-ref-2022-11-02-16-22-02-utc-1260x709.jpg)
OFAC sanctions Gaza-based crypto exchange allegedly linked to Hamas
The U.S. takes action against 10 Hamas-linked entities, including Gaza-based money transfer business and crypto exchange Buy Cash.
![UK emerges as world’s third-largest economy in terms of crypto transaction volume: Chainalysis 45 By royal decree — the UK moves toward regulating crypto](https://forkast.news/wp-content/uploads/2023/08/By-royal-decree-—-the-UK-moves-toward-regulating-crypto-1260x706.png)
UK emerges as world’s third-largest economy in terms of crypto transaction volume: Chainalysis
The U.K. is also listed as the 14th economy on Chainalysis’ Global Crypto Adoption Index.
![Over 40% of Hong Kong investors shun digital assets post-JPEX Scandal, survey reveals 46 Hong Kong](https://forkast.news/wp-content/uploads/2023/06/HK.jpg)
Over 40% of Hong Kong investors shun digital assets post-JPEX Scandal, survey reveals
The survey aimed to measure the public attitude towards virtual asset investments, following the JPEX incident.
![Trust Wallet’s TWT up 7%, leads top 100 cryptos in gains 47 Image of a smartphone displaying the Trust Wallet application's earn page.](https://forkast.news/wp-content/uploads/2023/10/Trust-Mobile-Earn-169-1260x709.png)
Trust Wallet’s TWT up 7%, leads top 100 cryptos in gains
TWT price rose over 15% during the past week, after Trust Wallet announced a major rebranding upgrade.
![SUI Foundations denies supply manipulation allegations 48 Sui network](https://forkast.news/wp-content/uploads/2023/10/Sui-network.png)
SUI Foundations denies supply manipulation allegations
SUI fell to a new all-time low on Wednesday following supply manipulation allegations, which the Sui Foundation denies.
![EU adopts new crypto tax rules, mandate data sharing from crypto firms 49 A huge euro logo is seen in front of the headquarters of the ECB in Frankfurt, Germany.](https://forkast.news/wp-content/uploads/2023/05/GettyImages-53062606-1260x887.jpg)
EU adopts new crypto tax rules, mandate data sharing from crypto firms
The new data sharing rules will go into effect 20 days after their publication in the Official Journal.
![Rampant scams highlight critical need for greater crypto literacy 50 scam](https://forkast.news/wp-content/uploads/2023/10/FORKAST-IMAGES-6-1260x710.png)
Rampant scams highlight critical need for greater crypto literacy
The plight of the Philippines — which has a high rate of crypto adoption but is also plagued by fraud — offers a window into why the industry’s ‘do your own research’ mantra isn’t enough.
![FTX top lieutenant Nishad Singh bought US$3.7 million house after learning about the exchange’s misuse of customer funds 51 FTX Founder Sam Bankman-Fried. | Former FTX executive Nishad Singh negotiating guilty plea on fraud charges: Bloomberg](https://forkast.news/wp-content/uploads/2023/02/SBF4-1260x840.jpg)
FTX top lieutenant Nishad Singh bought US$3.7 million house after learning about the exchange’s misuse of customer funds
Nishad Singh testified he bought a house a month before FTX’s collapse despite learning of the exchange’s misuse of customer funds weeks prior.
![Traders split from Blur for fractionalized NFTs 52 Fractionalized NFTs](https://forkast.news/wp-content/uploads/2023/10/Fractionalized-NFTs-1260x706.png)
Traders split from Blur for fractionalized NFTs
As the NFT tide shifts, traders seek new horizons. While Blur and OpenSea grapple with change, SoFi and fractionalized assets emerge as the next big wave.
![Binance freezes over 100 accounts on Israeli police request: Financial Times 53 israel-and-palestine-conflict-or-war-situation-ref-2022-11-02-16-22-02-utc](https://forkast.news/wp-content/uploads/2023/10/israel-and-palestine-conflict-or-war-situation-ref-2022-11-02-16-22-02-utc-1260x709.jpg)
Binance freezes over 100 accounts on Israeli police request: Financial Times
Israeli police requested information on 200 additional crypto accounts.
![Binance.US suspends USD withdrawals 54 Binance](https://forkast.news/wp-content/uploads/2023/06/binance-1-1260x769.jpg)
Binance.US suspends USD withdrawals
Users can still withdraw cryptocurrencies, according to the exchange’s updated terms of use.
![XRP support for Roblox "inaccurate": Decrypt 55 Young man holding XRP Ripple coin in hand with green bush in background - Cryptocurrency and Digital asset concept](https://forkast.news/wp-content/uploads/2023/07/ripple-1260x840.jpg)
XRP support for Roblox “inaccurate”: Decrypt
Correction: This article originally stated that the XRP cryptocurrency is available for in-game payments in Roblox and Smite through the payment processor BitPay. Roblox has denied the report and BitPay has since deleted its announcement on X. Roblox, a popular online game with an average of 65.5 million daily active users, has denied claims that […]
![Binance Japan — death knell or savior for the nation’s smaller crypto exchanges? 56 japanese cherry blossom tree along a scenic view](https://forkast.news/wp-content/uploads/2023/10/Japan-cherry-blossom-trading-house-2-1260x706.png)
Binance Japan — death knell or savior for the nation’s smaller crypto exchanges?
Few tokens and too many exchanges are a bad recipe for Japan’s smaller crypto trading houses. The experts say there’s room for up to five only. So what happens to the little guy now that the world’s largest exchange Binance has rolled back into town?
![OSL exchange’s HK$1 billion sale is “factually inaccurate,” says BC Technology 57 OSL logo and Hong Kong skyline | Hong Kong's OSL Asset Management obtains license to invest in blockchain and AI | sfc hong kong crypto license regime](https://forkast.news/wp-content/uploads/2023/05/Untitled-design-31-1260x709.jpg)
OSL exchange’s HK$1 billion sale is “factually inaccurate,” says BC Technology
OSL’s parent firm said investors should exercise caution due to the “unusual movement” in the company’s stock price.
![Binance halts new user registration in the U.K. 58 Binance logo](https://forkast.news/wp-content/uploads/2023/03/binance-1.jpg)
Binance halts new user registration in the U.K.
The exchange added that it will also stop releasing new products and services in the country.
![Fake BlackRock ETF news prompts US$57 mln in Bitcoin long liquidations 59 Coins with bitcoin symbol on red light and crypto stocks chart background. Concept of a cryptocurrency market crisis.](https://forkast.news/wp-content/uploads/2023/09/bitcoin-1-1260x946.jpg)
Fake BlackRock ETF news prompts US$57 mln in Bitcoin long liquidations
Bitcoin briefly spiked to US$29,388 after the fake post, before tracing back the gains.
![FTX exec Nishad Singh testifies on Bankman-Fried’s ‘excessive’ and ‘flashy’ spending 60 SBF](https://forkast.news/wp-content/uploads/2023/10/GettyImages-1454044596.jpg)
FTX exec Nishad Singh testifies on Bankman-Fried’s ‘excessive’ and ‘flashy’ spending
FTX co-founder Nishad Singh testified on Bankman-Fried’s “excessive” spending including political donations coordinated in a group chat titled “Donations Processing.”
![Tether freezes 32 addresses related to terrorism in Israel and Ukraine 61 Nearly half of Tether reserves are now in US Treasury bills](https://forkast.news/wp-content/uploads/2022/05/drawkit-illustrations-5xlHjrzQO54-unsplash-1-1260x709.jpg)
Tether freezes 32 addresses related to terrorism in Israel and Ukraine
Tether says it froze US$873,000 in USDT linked to terror activities in Israel and Ukraine. CEO Ardoino stresses crypto’s traceability.
![Solana Foundation partners with DMCC Dubai 62 Solana, What is the Solana ecosystem and how is it fueling SOL’s stratospheric rise](https://forkast.news/wp-content/uploads/2021/11/solana-1-1.jpg)
Solana Foundation partners with DMCC Dubai
The SOL token rose over 5% in the 24-hour after the partnership was announced.
![Binance: One year on from FTX’s downfall 63 Binance logo is displayed on a screen](https://forkast.news/wp-content/uploads/2023/10/Binance.jpg)
Binance: One year on from FTX’s downfall
Inside the world’s largest crypto exchange’s annus horribilis.
![Ferrari starts accepting crypto payments in the US 64 A red Ferrari 296 GTB parked in a white parking lot.](https://forkast.news/wp-content/uploads/2023/10/Ferrari-169-1260x709.jpeg)
Ferrari starts accepting crypto payments in the US
The luxury car maker said it started accepting crypto payments due to popular demand from its crypto investor customers.
![A Bitcoin ETF is coming to the US. Here's what to expect when that happens 65 Bitcoin and DeFi](https://forkast.news/wp-content/uploads/2023/10/FORKAST-IMAGES-3.png)
A Bitcoin ETF is coming to the US. Here’s what to expect when that happens
A spot Bitcoin ETF will allow BTC be easily tradeable without the headaches and pitfalls of self-custody. Its arrival — likely just around the corner — will mark the moment crypto goes mainstream.
![Upbit Singapore receives in-principal license from MAS 66 Merlion statue fountain in Merlion Park and Singapore city skyline at night.](https://forkast.news/wp-content/uploads/2023/03/singapore2-2-1260x838.jpg)
Upbit Singapore receives in-principal license from MAS
Singapore’s major payment institution license will enable Upbit to continue offering regulated digital asset services while awaiting its full license.
![Australian Treasury to release crypto draft legislation by 2024 67 Sydney, Australia](https://forkast.news/wp-content/uploads/2022/03/Sydney-1260x840.jpg)
Australian Treasury to release crypto draft legislation by 2024
The Australian Department of the Treasury said it will accept feedback on the draft bill by December.
![Tether appoints Paolo Ardoino as new CEO 68 Tether coin](https://forkast.news/wp-content/uploads/2022/08/tether.jpg)
Tether appoints Paolo Ardoino as new CEO
Ardoino takes Tether’s helm after serving as the USDT stablecoin issuer’s chief technical officer since 2017.
![Mastercard’s Ciphetrace VP discusses decade-long maturation of cryptocurrency 69 Mastercard plastic electronic credit cards macro close up. ISTANBUL, TURKEY - February 2022.](https://forkast.news/wp-content/uploads/2022/10/mastercard-plastic-electronic-credit-cards-macro-c-2022-04-25-13-43-57-utc-1260x709.jpg)
Mastercard’s Ciphetrace VP discusses decade-long maturation of cryptocurrency
Crypto is “part of the future,” said Melissa Wisner, vice president of crypto risk at Ciphertrace, during her panel discussion at D3 Bahamas.
![Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict 70 D.C. Court of Appeals greenlights Grayscale’s bid for Bitcoin ETF](https://forkast.news/wp-content/uploads/2023/08/Bitcoin-ETF-Grayscale-1260x706.png)
Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict
Bitcoin was subdued by the mounting geopolitical concerns around Israel’s war with Hamas and the ongoing FTX lawsuit.
![Caroline Ellison told Alameda Research about FTX user deposits last November: Cointelegraph 71 Former FTX Founder And CEO Sam Bankman-Fried's Trial Continues In New York](https://forkast.news/wp-content/uploads/2023/10/GettyImages-1728398330.jpg)
Caroline Ellison told Alameda Research about FTX user deposits last November: Cointelegraph
Alameda Research reportedly did not know about the misuse of FTX user deposits until last November.
![Russian hackers may be behind FTX hack: Elliptic 72 FTX, authorities investigate potential US$477 mln theft](https://forkast.news/wp-content/uploads/2022/11/Hacker-1260x709.png)
Russian hackers may be behind FTX hack: Elliptic
The research firm said that on-chain data point toward Russian hackers, instead of the previously-suspected North Korean Lazarus Group.