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![China eyes blockchain for carbon trading 1 Carbon dioxide symbol, China eyes blockchain for carbon trading](https://forkast.news/wp-content/uploads/2021/10/carbon-dioxide-symbol-co2-smoking-and-burning-2021-08-29-23-52-18-utc-1260x837.jpg)
China eyes blockchain for carbon trading
A department director of the Shanghai Environment Energy Exchange (SEEE) said that blockchain will play an important role in the Chinese carbon cap-and-trade system for confirming, trading, and circulating carbon emission data. The statement comes at a time when China is intensively issuing top-down documents on reducing carbon emission heading into the 26th United Nations […]
![Report: Stablecoins, CBDCs may not resolve financial inclusion, international remittance challenges 2 Report: Stablecoins, CBDCs may not resolve financial inclusion, international remittance challenges](https://forkast.news/wp-content/uploads/2021/11/paul-hanaoka-HbyYFFokvm0-unsplash-1260x840.jpg)
Report: Stablecoins, CBDCs may not resolve financial inclusion, international remittance challenges
Stablecoins and central bank digital currencies (CBDCs) may not live up to their promise of increasing financial inclusion and improving cross-border payments in emerging markets, according to a new report by the Bank for International Settlements. Fast facts According to the report, the most important contribution of stablecoins is that they have drawn attention to […]
![King Fury movie director launches monster figure NFTs 3 King Fury director launches monster figure NFTs on Halloween](https://forkast.news/wp-content/uploads/2021/11/kung-fury-director-nfts-multiple.png)
King Fury movie director launches monster figure NFTs
Martial arts comedy movie series “King Fury” director David Sandberg has launched a new non-fungible token series called “Unicorn Masters” inspired by monstrous action figures from movies in the 1980s and 90s. Fast facts The Halloween edition of Unicorn Masters contain 15 3D-rendered animated characters described as disturbed, disembodied and desiccated. The NFT characters look […]
![Defiant Facebook, now renamed Meta, goes all in on metaverse strategy as scrutiny tightens 4 A defiant Facebook to invest US$10 billion in the metaverse, even as regulatory scrutiny heightens](https://forkast.news/wp-content/uploads/2021/10/GettyImages-1302717103-1260x840.jpg)
Defiant Facebook, now renamed Meta, goes all in on metaverse strategy as scrutiny tightens
Facebook, now called Meta, is casting off one of the world’s most famous names to retool itself into a metaverse company. Will its $10 billion bet pay off?
![China’s state-backed blockchain network plans to launch NFT infrastructure 5 Red Date](https://forkast.news/wp-content/uploads/2021/10/Red-Date-1260x604.png)
China’s state-backed blockchain network plans to launch NFT infrastructure
Red Date Technology, the company China tapped to manage its Blockchain-based Service Network (BSN), said today it plans to fully launch an infrastructure for non-fungible tokens (NFTs) by the end of January 2022. Fast facts Red Date revealed on Friday an NFT infrastructure plan — BSN-Distributed Digital Certificate (DDC) — at its BSN Open Permissioned […]
![FATF updates regulatory guidance for crypto industry 6 FATF](https://forkast.news/wp-content/uploads/2021/10/FATF-1260x709.jpg)
FATF updates regulatory guidance for crypto industry
The global AML watchdog provides clarifications on how crypto is to be regulated — and why DeFi could see more scrutiny.
![Thailand retail giant is testing its own digital currency C-Coin 7 Thailand's biggest retailer is testing its own digital currency C-Coin](https://forkast.news/wp-content/uploads/2021/10/fashion1-1260x788.jpeg)
Thailand retail giant is testing its own digital currency C-Coin
Central Retail Corp., one of Thailand’s biggest department store chains, has developed a blockchain-based digital currency called C-Coin and is now testing it among employees, Bloomberg reported yesterday. Fast facts The company is currently distributing C-Coin to its 80,000 employees as bonus to their usual salary. Employees can use the crypto coin to shop at […]
![Squid Game and BTS tokens emerge amid K-culture boom — and warnings to consumers 8 The Squid Game P2E game where SQUID token is planned to be utilized | Squid Game and BTS cryptocurrencies issued amid warnings to investors](https://forkast.news/wp-content/uploads/2021/10/THE1-1260x709.png)
Squid Game and BTS tokens emerge amid K-culture boom — and warnings to consumers
The wild popularity of South Korean Netflix TV series Squid Game and K-pop boy band BTS prompt parody tokens in the crypto space under circumstances that are being called into question.
![China’s national standard for blockchain could be released next year: report 9 blockchain](https://forkast.news/wp-content/uploads/2021/10/blockchain-1260x695.png)
China’s national standard for blockchain could be released next year: report
China’s first national standard for blockchain could be released next year and a draft is now in the process of being submitted for approval, an official said earlier this week at an event in the western province of Sichuan, according to a report from local media Chuanguan, run by state-owned Sichuan Daily. Fast facts Li […]
![Wharton business school to accept crypto for new blockchain education program 10 wharton](https://forkast.news/wp-content/uploads/2021/10/wharton.png)
Wharton business school to accept crypto for new blockchain education program
In the latest sign of the American business establishment’s warming embrace of cryptocurrency, the University of Pennsylvania’s prestigious Wharton business school will accept crypto for tuition payment for an online program. Fast facts The Wharton School’s new executive education program “Economics of Blockchain and Digital Assets” plans to accept cryptocurrencies such as Bitcoin for tuition […]
![13 years after Bitcoin's whitepaper, what would Satoshi say? 11 Bitcoin feature,](https://forkast.news/wp-content/uploads/2021/10/close-up-photo-of-bitcoin-crypto-currency-2021-09-03-08-50-39-utc-2-1260x840.jpg)
13 years after Bitcoin’s whitepaper, what would Satoshi say?
Bitcoin is growing up in ways not imagined in Satoshi Nakamoto’s 2008 writings that gave birth to it. How will Bitcoin’s future unfold?
![Dogecoin and Shiba Inu fight it out for top dog in crypto top 10 12 DOGe](https://forkast.news/wp-content/uploads/2021/10/FF_DOGESHIB-1260x1055.jpg)
Dogecoin and Shiba Inu fight it out for top dog in crypto top 10
A dog fight has broken out in the crypto top 10 in the past 24 hours as memecoin Dogecoin and its pup Shiba Inu token battle it out for the position of top dog. Fast facts The price of the once-derided Shiba Inu coin has been on a tear this past week, gaining over 200% […]
![Facebook changes its corporate name to Meta to build on metaverse vision 13 Facebook debuts its new company brand, Meta, ushering in a new future focused on the metaverse and beyond (Menlo Park, CA)](https://forkast.news/wp-content/uploads/2021/10/Meta-1260x840.jpg)
Facebook changes its corporate name to Meta to build on metaverse vision
Facebook CEO Mark Zuckerberg announced the social media giant is rebranding its corporate name to Meta as it focuses on building out its metaverse vision of an embodied internet with immersive spaces and experiences where people can digitally connect. Fast facts “The metaverse is the next chapter for the internet and it’s the next chapter […]
![Tales from the Crypt, 2021: 10 crypto horror stories 14 Forkast’s Tales from the Crypt: 10 crypto horror stories of 2021](https://forkast.news/wp-content/uploads/2021/10/taylor-rooney-L86gqddPTQs-unsplash-1260x945.jpg)
Tales from the Crypt, 2021: 10 crypto horror stories
Behind this year’s giddy markets, evil and tragedies abound. Just in time for Halloween, Forkast.News shakes out the skeletons in crypto’s closet.
![Unraveling the mystery behind why Bitcoin prices are all over the place 15 Mystery solved: Why media report different crypto prices](https://forkast.news/wp-content/uploads/2021/10/Screenshot-2021-10-28-at-11.20.38-1260x709.png)
Unraveling the mystery behind why Bitcoin prices are all over the place
Even the most reliable media can report wildly different crypto numbers. Forkast.News dives into DeFi math and crypto exchange economics to find out who’s right.
![CFTC wants to be the primary crypto regulator 16 CFTC wants to be the primary crypto regulator](https://forkast.news/wp-content/uploads/2021/10/Screenshot-2021-10-28-at-18.12.42-1260x637.png)
CFTC wants to be the primary crypto regulator
The Commodity Futures Trading Commission is ready to be the “primary cop on the beat” for digital assets, CFTC acting chair Rostin Behnam said at his confirmation hearing on Wednesday. Fast facts As of Tuesday, “the total size of the digital asset market was US$2.7 trillion and among that $2.7 trillion, nearly 60% were commodities. […]
![How can we better protect digital assets and guard against hackers? 17 cybersecurity concept, How to protect digital assets and guard against hackers](https://forkast.news/wp-content/uploads/2021/10/cyber-security-cybercrime-cyberspace-hacking-h-2021-08-30-07-39-05-utc-2-1260x946.jpg)
How can we better protect digital assets and guard against hackers?
As Asia warms to crypto, cyber attacks are growing in sophistication, writes Shahnawaz Backer of F5. What can be done to thwart bad actors?
![Blockchain game Alien Worlds Missions launches on Binance Smart Chain 18 Blockchain game Alien Worlds Missions launches on Binance Smart Chain](https://forkast.news/wp-content/uploads/2021/10/Alien-Worlds-Missions.jpeg)
Blockchain game Alien Worlds Missions launches on Binance Smart Chain
Popular play-to-earn blockchain game Alien Worlds has launched its Alien Worlds Missions game on the Binance Smart Chain (BSC), according to a media statement. Fast facts Alien Worlds is a decentralized finance (DeFi), non-fungible token (NFT) metaverse where players compete using unique digital items (NFTs), earn Trilium (TLM), the in-game currency, and travel on Alien World Missions […]
![DeFi platform Cream Finance suffers $130M exploit 19 Cream Finance](https://forkast.news/wp-content/uploads/2021/10/Timmy-3.png)
DeFi platform Cream Finance suffers $130M exploit
This appears to be the third hack for the protocol this year — yet the biggest one so far.
![European Central Bank appoints 30 members to digital euro market advisory group 20 digital euro](https://forkast.news/wp-content/uploads/2021/10/digital-euro-1260x945.jpg)
European Central Bank appoints 30 members to digital euro market advisory group
The European Central Bank (ECB) has appointed 30 senior business professionals from a range of financial institutions and related organizations to its market advisory group for the digital euro project, according to a media statement. Fast facts The appointment of industry members to the advisory group follows the ECB’s launch of its digital euro project […]
![Taxing crypto, but not BTS NFTs? Virtual asset tax debate continues in South Korea 21 BTS members at the 2019 Variety's Hitmakers Brunch | Debate continues on validity of crypto tax law in Korea when "BTS NFTs" are left untaxed.](https://forkast.news/wp-content/uploads/2021/10/GettyImages-1192546029-1260x840.jpg)
Taxing crypto, but not BTS NFTs? Virtual asset tax debate continues in South Korea
The South Korean government pushes forward its plan to tax crypto income beginning in January while investors and lawmakers criticize the pending tax law for its loopholes, with one lawmaker mentioning NFT goods of K-pop mega-group BTS. Fast facts The National Tax Service (NTS) of Korea met with 28 domestic cryptocurrency exchanges earlier this week […]
![Polkadot founder Gavin Wood: Decentralization and security are not optional in the search for scalability 22 Polkadot founder Gavin Wood](https://forkast.news/wp-content/uploads/2021/10/Gavin-Wood-1260x757.jpg)
Polkadot founder Gavin Wood: Decentralization and security are not optional in the search for scalability
More decentralization is being planned for Polkadot as its much-anticipated rollout draws close with the first batch of parachain slot auctions starting on Nov. 11.
![New Australian ETF grants exposure to Bitcoin mining sector 23 Mining ETF](https://forkast.news/wp-content/uploads/2021/10/FF_MiningETF2-1260x709.jpg)
New Australian ETF grants exposure to Bitcoin mining sector
Only two weeks after the Australia Securities Exchange approved a similar product, the Cosmos Global Digital Miners Access exchange-traded fund (ETF) launched on rival exchange Chi-X Australia today, granting exposure to globally listed digital asset mining and infrastructure companies. Fast facts Trading under the name “DIGA,” the fund tracks the Global Digital Miners Index, designed […]
![DBS Bank first in Southeast Asia to join Hedera Governing Council 24 DBS Bank & Hedera Governing Council](https://forkast.news/wp-content/uploads/2021/10/DBS-Hedera-1260x709.jpg)
DBS Bank first in Southeast Asia to join Hedera Governing Council
Singapore’s DBS Bank — Southeast Asia’s largest lender — has joined the Hedera Governing Council, a diverse group of companies that governs and supports the Hedera network, an enterprise-grade public ledger of transactions, according to a media statement. Fast facts DBS — the first and only bank in Southeast Asia to join the Governing Council […]
![Bitcoin’s (Con)Tango 25 bitcoin trend price bear or bull movement analysis 2021 08 28 11 29 11 utc 1](https://forkast.news/wp-content/uploads/2021/10/bitcoin-trend-price-bear-or-bull-movement-analysis-2021-08-28-11-29-11-utc-1-1260x840.jpg)
Bitcoin’s (Con)Tango
The success of the first U.S. Bitcoin futures ETF presents a challenge to investors when futures trade too far ahead of actual prices.
![Sotheby’s first metaverse auction sees 1,500 bids, sets NFT records 26 Sotheby's NFT, The pepe, the BAYC and Dmitri's portrait #1](https://forkast.news/wp-content/uploads/2021/10/新建-Microsoft-PowerPoint-演示文稿-2-1260x709.jpg)
Sotheby’s first metaverse auction sees 1,500 bids, sets NFT records
Sotheby’s ended its Natively Digital 1.2 auction event with 1,500 bids on Tuesday, with a total turnover of US$18.6 million after nine days of live bidding. Three non-fungible tokens (NFTs) reached record bids, including #8817 Ape by Bored Ape Yacht Club, Rare Pepe PEPENOPOULOS, and Self Portrait #1 by Dmitri Cherniak, according to a press […]
![A virtual K-pop girl group aims for the metaverse 27 Official website of Metaverse Entertainment | A fully virtual K-pop girl group under development](https://forkast.news/wp-content/uploads/2021/10/스크린샷-2021-10-27-오후-6.51.16-1260x640.png)
A virtual K-pop girl group aims for the metaverse
South Korean mobile game developer Netmarble to create a virtual K-pop idol group under partnership with internet giant Kakao group using meta-human technologies.
![Spark Pool allows balance withdrawal as it phases out all domestic, international users 28 sparkpool](https://forkast.news/wp-content/uploads/2021/10/sparkpool.png)
Spark Pool allows balance withdrawal as it phases out all domestic, international users
Mining pool Spark Pool, which was once a major Ethereum mining pool, says its users may withdraw existing balances, but beginning Nov. 1 it will no longer offer other services related to mining for both domestic and international users, the company said in a statement. Fast facts Spark Pool last month reacted swiftly to China’s […]
![India’s long-awaited crypto regulation coming in February, finance ministry officials say 29 India’s crypto regulation is coming in February, says finance minister](https://forkast.news/wp-content/uploads/2021/10/ewan-kennedy-0h0mVfKbyNw-unsplash-1260x840.jpg)
India’s long-awaited crypto regulation coming in February, finance ministry officials say
Recent developments indicate the government is looking to regulate the sector instead of quashing it, and industry experts remain optimistic.
![Tesla’s trillion-dollar triumph — and its bond with Bitcoin 30 Elon Musk Visits Germany](https://forkast.news/wp-content/uploads/2021/10/Elon-Musk.jpg)
Tesla’s trillion-dollar triumph — and its bond with Bitcoin
Top blockchain and crypto news: Is Tesla’s turbocharge a boost for Bitcoin? Mastercard’s Bakkt with a new crypto deal. Chinese NFTs on knife-edge.
![Robinhood posts 78% decline in Q3 crypto profits 31 Robinhood](https://forkast.news/wp-content/uploads/2021/10/FF_Robinhood-1260x840.jpg)
Robinhood posts 78% decline in Q3 crypto profits
Fee-free trading platform Robinhood’s crypto revenue declined 78% in the third quarter this year, earning only US$51 million during that time according to the company’s Q3 report released Tuesday. This is compared to the US$233 million the company earned in the previous quarter in which the market hit the height of the bull run, from […]
![Dog off the leash: Shiba Inu price breaks all-time high for 3rd time in 4 days 32 Dog off the leash: Shiba Inu breaks all-time high for the 3rd time in 4 days](https://forkast.news/wp-content/uploads/2021/10/executium-_innRg1KTpU-unsplash-1260x838.jpg)
Dog off the leash: Shiba Inu price breaks all-time high for 3rd time in 4 days
Shiba Inu (SHIB) has soared to another all-time high, setting its new record at US$0.00005486 today, according to CoinMarketCap data. It is now the 11th largest cryptocurrency with a market cap of US$21.5 billion. Fast facts In the last 24 hours, SHIB’s price has surged over 32%. SHIB’s price has been surging since the weekend […]
![Ripple launches first RippleNet ODL with Pyypl in the Middle East 33 Ripple and Pyypl logos, Middle East](https://forkast.news/wp-content/uploads/2021/10/Ripple-Pyypl-1260x709.jpg)
Ripple launches first RippleNet ODL with Pyypl in the Middle East
San Francisco-based blockchain payments company Ripple has partnered with Pyypl, a blockchain-based financial services technology company in the Middle East and Africa, to use XRP for cross-border payments in the Middle East, according to a company statement. Fast facts The partnership with Pyypl marks RippleNet’s first-ever On-Demand Liquidity (ODL) deployment in the Middle East and […]
![What will Ethereum prices be as 2021 ends? 34 Ethereum cryptocurrencies](https://forkast.news/wp-content/uploads/2021/10/Ethereum-1-1260x709.jpg)
What will Ethereum prices be as 2021 ends?
As Ethereum surges to a new all-time high, 50 fintech experts surveyed by Finder offer predictions on ETH’s year-end and longer-term price outlook.
![Beijing to launch second e-CNY pilot zone 35 beijing china july 05 2019 beijing road by chin 2021 08 28 00 48 38 utc](https://forkast.news/wp-content/uploads/2021/10/beijing-china-july-05-2019-beijing-road-by-chin-2021-08-28-00-48-38-utc-1260x825.jpg)
Beijing to launch second e-CNY pilot zone
The Municipal Administrative Center of Beijing officially announced the launch of an e-CNY enterprise zone to “explore the digital renminbi financial system.” The plan includes support for experimental digital currency projects including by increasing 5G infrastructure to enable faster transactions. Fast facts E-CNY is China’s central bank digital currency (CBDC). It is anticipated to be […]
![Binance NFT launches initial game offerings 36 Binance IGO](https://forkast.news/wp-content/uploads/2021/10/Binance-NFT-IGO-1260x709.jpg)
Binance NFT launches initial game offerings
Binance NFT, the non-fungible token (NFT) marketplace of Binance, has launched Initial Game Offerings (IGOs) for customers to invest in gaming NFTs projects at an early stage, according to a Binance blog post. Fast facts The IGOs will feature NFT collections from top-tier gaming projects that are available exclusively on the Binance NFT marketplace, Binance […]
![Tether to test anti-money laundering product 37 Notabene Tether](https://forkast.news/wp-content/uploads/2021/10/Notabene-Tether-1260x709.jpg)
Tether to test anti-money laundering product
Tether Operations, the company behind Tether (USDT) — the largest stablecoin by market capitalization — today announced that it will be trialing Notabene’s crypto travel rule compliance product for cross-border stablecoin transfers. Fast facts USDT has a market capitalization of over US$70 billion and over US$64 billion in 24-hour trading volume, according to CoinGecko data. […]
![Vitalik Buterin: Layer 2 is the future of Ethereum scaling 38 20211026 Vitalk Buterin](https://forkast.news/wp-content/uploads/2021/10/20211026-Vitalk-Buterin-1260x636.jpg)
Vitalik Buterin: Layer 2 is the future of Ethereum scaling
Ethereum’s creator explains why rollups can help scale Ethereum while preserving decentralization.
![Kazakhstan proposes to limit power consumption for new crypto miners as power deficit bites 39 Enegix](https://forkast.news/wp-content/uploads/2021/10/Enegix-1260x702.png)
Kazakhstan proposes to limit power consumption for new crypto miners as power deficit bites
Local miners told Forkast.News that existing legal miners won’t be much affected, though they’re still subject to power rationing.
![What are the risks of recreating reality in the metaverse? 40 Young woman with virtual reality headset, Metaverse, NFT](https://forkast.news/wp-content/uploads/2021/10/Virtual-Reality-NFT-Metaverse-1260x795.jpg)
What are the risks of recreating reality in the metaverse?
New virtual worlds are full of opportunities, writes Sandra Helou of Zilliqa. But what if real-world problems get magnified in the metaverse?
![DBS, JPMorgan, Temasek-funded Partior goes live for cross-border transactions 41 Singapore, DBS Bank, J.P. Morgan, Partior](https://forkast.news/wp-content/uploads/2021/10/Partior-1260x709.jpg)
DBS, JPMorgan, Temasek-funded Partior goes live for cross-border transactions
The Singapore government-incubated blockchain platform promises to dramatically speed up transactions and lower the cost of international trade.
![China sees most blockchain-related patent applications, followed by U.S., South Korea: report 42 China blockchain](https://forkast.news/wp-content/uploads/2021/10/Timmy-2.png)
China sees most blockchain-related patent applications, followed by U.S., South Korea: report
A new data report shows there were about 55,000 blockchain-relate patents applications filed by 7,800 companies from 47 countries and regions during the period between the beginning of 2015 to June 2021, and China has seen the largest share of these applications, as the country has been boosting the development of blockchain technology over the […]
![Byron Bay to host Australia’s largest Bitcoin mining operation — using green energy 43 Byron Bay](https://forkast.news/wp-content/uploads/2021/10/FF_ByronBay-1260x840.jpg)
Byron Bay to host Australia’s largest Bitcoin mining operation — using green energy
While it may be known locally and domestically as a tourist hotspot and home to many Hollywood A-list celebrities, Australia’s coastal town of Byron Bay is set to become host to Australia’s biggest Bitcoin mining site— and it’s going to be powered by 100% renewable energy. Fast facts According to a company press release, local […]
![Alipay and Tencent now call NFTs ‘digital collectibles’ amid state media criticism 44 Alipay, Tencent](https://forkast.news/wp-content/uploads/2021/10/Timmy-1.png)
Alipay and Tencent now call NFTs ‘digital collectibles’ amid state media criticism
Tech giants banish non-fungible token references as Beijing looks down new virtual asset market.
![The Philippines looks to blockchain voting for its diaspora 45 philippines flag, The Philippines looks to blockchain voting for its diaspora](https://forkast.news/wp-content/uploads/2021/10/philippines-flag-waving-against-cloudy-sky-2021-09-01-07-29-52-utc-1260x647.jpg)
The Philippines looks to blockchain voting for its diaspora
The nation’s elections commission wants to upgrade its voting technology to improve voter turnout and public trust. Does blockchain check the boxes?
![SEC set to receive formal authority to regulate stablecoins 46 SEC set to receive formal authority to regulate stablecoins](https://forkast.news/wp-content/uploads/2021/10/GettyImages-1340281929-1260x837.jpg)
SEC set to receive formal authority to regulate stablecoins
U.S. Securities and Exchange Commission chair Gary Gensler has reiterated over time that most stablecoins are securities and should, therefore, fall under the purview of the securities watchdog. Now, Gensler is one step closer to achieving his aim of regulating stablecoins. Fast facts The U.S. Treasury Department and other agencies are putting together a report […]
![Australian crypto industry watches as sole trader charges two top banks with 'debanking' 47 Westpac](https://forkast.news/wp-content/uploads/2021/10/Debanking-1260x709.jpg)
Australian crypto industry watches as sole trader charges two top banks with ‘debanking’
While the government signals it is ready to promote the industry, the country’s banks remain unimpressed. ANZ has already settled its de-banking case with Allan Flynn, but as the tribunal with Westpac concluded over the weekend, what should we expect from the outcome?
![Mastercard partners with Bakkt to offer crypto payments 48 Mastercard partners with Bakkt to offer crypto payments](https://forkast.news/wp-content/uploads/2021/10/Mastercard-partners-with-Bakkt-to-offer-crypto-payments-1260x709.jpg)
Mastercard partners with Bakkt to offer crypto payments
Payments giant Mastercard and cryptocurrencies firm Bakkt Holdings Inc. announced on Monday they have partnered to facilitate cryptocurrency debit and credit card payments. The partnership will make it easier for merchants, banks and fintechs in the U.S. to offer a broad set of cryptocurrency services and enable consumers to buy and sell digital assets through […]
![Solana price hits new all-time high amid rising crypto market 49 Solana](https://forkast.news/wp-content/uploads/2021/10/FF_Solana.png)
Solana price hits new all-time high amid rising crypto market
As the crypto market lit up with green across the board this morning, the price of Solana (SOL) jumped 6% in a few hours overnight to reach a new all-time high of US$218.73, according to data from CoinMarketCap. Solana’s price has since lost some of this ground, however, and was trading at US$208.57 at press […]
![Bitcoin propels crypto institutional inflows to record $1.5B 50 Record weekly crypto asset flows](https://forkast.news/wp-content/uploads/2021/10/CoinShares-weekly-crypto-asset-flows_Oct25-1260x949.jpg)
Bitcoin propels crypto institutional inflows to record $1.5B
Crypto investment products saw record inflows last week of US$1.47 billion, with Bitcoin accounting for 99% of the inflows, according to digital assets fund manager CoinShares. Total crypto assets under management also reached a new peak of US$79.2 billion. Fast facts Bitcoin investment products saw record inflows of US$1.45 billion last week. “The record inflows […]
![China’s BSN launches service portal in Hong Kong, Macau with digiXnode 51 BSN](https://forkast.news/wp-content/uploads/2021/10/Photo-1-1260x840.jpg)
China’s BSN launches service portal in Hong Kong, Macau with digiXnode
Hong Kong-based blockchain technology company digiXnode Technology Ltd. today officially launched an exclusive service portal — for users in Hong Kong and Macau — that grants access to the Blockchain-based Service Network (BSN), China’s public-private nationwide infrastructure project to spur mass adoption of blockchain technology. Fast facts By subscribing to the service from digiXnode’s website […]
![Midnight for crypto in China, but Hong Kong keeps lights on 52 Angelina Kwan Thumbnail China Crypto Ban](https://forkast.news/wp-content/uploads/2021/10/Angelina-Kwan-Thumbnail-China-Crypto-Ban-1260x709.jpg)
Midnight for crypto in China, but Hong Kong keeps lights on
Mainland China’s recent ban on crypto, the most draconian yet, did not come as a surprise to those in the know, says Angelina Kwan of HashKey Group. How will this affect the crypto hub of Hong Kong?
![Nigeria to become 1st African country to launch a central bank digital currency 53 Nigeria to become the first African country to launch a CBDC](https://forkast.news/wp-content/uploads/2021/10/241525414_106933291728753_135301707319854285_n-1260x590.jpeg)
Nigeria to become 1st African country to launch a central bank digital currency
Nigeria, a country with one of the world’s highest cryptocurrency adoption rates, is set to become the first African nation to launch its own central bank digital currency (CBDC) today as President Muhammadu Buhari formally launches the eNaira. Fast facts Nigeria’s CBDC, the eNaira, was initially scheduled to be launched on Oct. 1. The launch […]
![U.S. crypto miner Greenidge more than doubles Bitmain rig order to fuel growth 54 Greenidge](https://forkast.news/wp-content/uploads/2021/10/Greenidge.png)
U.S. crypto miner Greenidge more than doubles Bitmain rig order to fuel growth
Greenidge Generation Holdings Inc., a U.S. Bitcoin mining and power generation company, has announced it plans to ramp up its operation across the U.S. by more than doubling its previous order with Chinese mining rig maker Bitmain. Fast facts Nasdaq-listed Greenidge said Thursday in a statement it plans to significantly expand beyond its current operating […]
![ProShares seeks to alter BTC ETF after less than a week 55 BTC](https://forkast.news/wp-content/uploads/2021/10/FF_BTCETF_Exemption-1260x840.jpg)
ProShares seeks to alter BTC ETF after less than a week
Less than a week out from its historic launch, ProShares is already seeking to amend its Bitcoin futures exchange-traded fund — the first in the U.S. — by filing for an exemption from trading limits at the Chicago Mercantile Exchange, where the fund purchases its futures contracts, according to an article in Barron’s. Fast facts […]
![SHIB reaches new all-time high, as DOGE surges as well 56 SHIBA INU](https://forkast.news/wp-content/uploads/2021/10/FF_SHIBATH-1260x709.jpg)
SHIB reaches new all-time high, as DOGE surges as well
Dogecoin copycat token SHIB jumped almost 60% in less than 24 hours on Sunday to reach a new all-time high of US$0.00004442, as DOGE also surged over the weekend. SHIB was trading at US$0.00003937 at press time, and is now the 13th largest token by market cap, according to data from CoinMarketCap.com. Fast facts This […]
![How Australia’s National Blockchain Roadmap sets an example for the world 57 Australian flag, How Australia’s National Blockchain Roadmap sets an example for the world](https://forkast.news/wp-content/uploads/2021/10/national-flag-of-australia-fabric-textile-backgro-2021-09-03-08-51-08-utc-1260x840.jpg)
How Australia’s National Blockchain Roadmap sets an example for the world
The Australian government sees blockchain’s enormous benefits and is now actively developing the technology, writes Chami Akmeemana. What can other countries learn from this?
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Why many banks are not keeping up with digital technologies
New technologies like blockchain and AI are transforming financial services, writes Myles Bertrand of Mambu. But APAC banks are lagging behind.
![S. Korea’s top financial regulator accused of giving special treatment to Upbit 59 South Korean exchange Upbit's homepage | South Korea's financial regulator accused of giving Upbit special treatment](https://forkast.news/wp-content/uploads/2021/10/스크린샷-2021-10-22-오후-5.22.24-1260x561.png)
S. Korea’s top financial regulator accused of giving special treatment to Upbit
A lawmaker claims authorities gave the country’s largest crypto exchange privilege in meeting government requirements.
![Tencent to establish gaming studio believed to be related to metaverse: report 60 tencent](https://forkast.news/wp-content/uploads/2021/10/tencent-1260x771.jpg)
Tencent to establish gaming studio believed to be related to metaverse: report
Chinese internet giant Tencent reportedly plans to bet big on the metaverse — a trending idea on building a virtual world typically with the support of virtual and augmented reality technologies — and is looking to build an advanced gaming studio for that, the South China Morning Post reported on Wednesday, citing sources familiar with […]
![Kazakhstan power shortages continue as crypto miners scramble for solutions 61 Kazakhstan mining](https://forkast.news/wp-content/uploads/2021/10/Timmy.png)
Kazakhstan power shortages continue as crypto miners scramble for solutions
Kazakhstan — one of the popular destinations for Chinese crypto miners as they look for more regulation-friendly shores — continues to face power shortages, with its national grid operator last week rationing power after some failures occurred in a few power units. Fast facts Kazakhstan electricity grid operating company KEGOC said in a statement last […]
![Canadian crypto miner Hut 8 Mining to buy 12K new MicroBT rigs 62 MicroBT](https://forkast.news/wp-content/uploads/2021/10/MicroBT.png)
Canadian crypto miner Hut 8 Mining to buy 12K new MicroBT rigs
Canadian crypto miner Hut 8 Mining announced yesterday that it would buy 12,000 new MicroBT mining machines for US$58.7 million from Inchigle Technology Hong Kong Ltd., as the mining company continues to expand its North American presence. Fast facts Hut 8 Mining said the new machines will represent an aggregate incremental production of 1.17 exahashes […]
![Walmart quietly installs 200 Bitcoin ATMs with Coinstar, Coinme 63 Walmart](https://forkast.news/wp-content/uploads/2021/10/Walmart-1260x837.jpg)
Walmart quietly installs 200 Bitcoin ATMs with Coinstar, Coinme
In another sign of increased adoption of the world’s leading cryptocurrency, Walmart has installed 200 Bitcoin ATMs in stores across the U.S. in a partnership between Coinstar and Coinme, according to reporting from Reuters. Fast facts The pilot program involves Coinstar, best known for its machines that allow customers to exchange U.S. coins for paper […]
![Australia’s Senate releases long-awaited crypto report 64 crypto report](https://forkast.news/wp-content/uploads/2021/10/Report3-1260x709.jpg)
Australia’s Senate releases long-awaited crypto report
The Senate unveiled its most comprehensive look at blockchain regulation, hoping to transform the country into a global industry leader.
![2nd U.S. Bitcoin futures ETF starts trading today, and a 3rd will launch next week 65 Second U.S. Bitcoin futures ETF will start trading today while a third will launch next week](https://forkast.news/wp-content/uploads/2021/10/pexels-karolina-grabowska-7876503-1260x840.jpg)
2nd U.S. Bitcoin futures ETF starts trading today, and a 3rd will launch next week
Valkyrie Bitcoin Strategy Fund, the second Bitcoin futures exchange traded fund (ETF) in the U.S., is set to start trading today, while VanEck’s Bitcoin futures ETF, which also received approval this week, is expected to launch early next week. Fast facts ProShares Bitcoin Strategy Fund, the first U.S. Bitcoin futures ETF, started trading on the […]
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China has no plan to promote its e-currency within BRI countries — yet
“For now, we do not have any plan for using e-CNY in the Belt and Road Initiative (BRI) countries yet,” China’s central bank chief said at the 2021 G30 International Banking Seminar, regarding the electronic yuan (e-CNY), the world’s first major central bank digital currency that is being slowly rolled out in China. Meanwhile, authorities […]
![Ethereum price touches new all-time high in altcoins rally 67 ethereum](https://forkast.news/wp-content/uploads/2021/10/ethereum-1260x709.jpg)
Ethereum price touches new all-time high in altcoins rally
Ethereum prices surged to new heights ahead of next week’s Altair Beacon Chain upgrade but then pulled back. How do crypto experts make sense of it?
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China releases plan to merge blockchain into global trade
China’s Ministry of Commerce, along with 23 other central departments, on Tuesday jointly issued “The 14th Five-Year Plan for Service & Trade Industries.” It outlines how China will integrate blockchain into the process of global trading, including applying blockchain on bills of lading, building a blockchain-based global shipping information network, and using blockchain to record […]
![FTX raises $421 million, valuation jumps $7B in 3 months 69 Crypto exchange FTX CEO Sam Bankman-Fried](https://forkast.news/wp-content/uploads/2021/10/FTX-1260x709.jpg)
FTX raises $421 million, valuation jumps $7B in 3 months
Just three months after closing a record US$1 billion series B, the two-year-old cryptocurrency exchange is now valued at US$25 billion. Fast facts The US$420,690,000 Series B-1 funding round saw the participation of 69 investors, with prominent names the lineup, including Ontario Teachers’ Pension Plan Board, via its Teachers’ Innovation Platform, Singapore’s state-owned investment firm […]
![Ripple expands cross-border payments using XRP with Tranglo in Asia, Al Ansari Exchange in Middle East 70 Petronas Twin Towers, Kuala Lumpur, Malaysia](https://forkast.news/wp-content/uploads/2021/10/Petronas-Twin-Towers-1260x709.jpg)
Ripple expands cross-border payments using XRP with Tranglo in Asia, Al Ansari Exchange in Middle East
Despite its legal troubles in the U.S., San Francisco-based blockchain payments company Ripple has been pushing ahead to bring faster and cheaper cross-border payments using XRP in Asia and the Middle East. Fast facts Ripple and Tranglo, a Malaysia-based cross-border payments provider, today announced that Tranglo has launched its first live On-Demand Liquidity (ODL) service […]
![Chinese e-commerce giant JD.com offers NFTs despite state media criticisms 71 JD NFT](https://forkast.news/wp-content/uploads/2021/10/JD-NFT.png)
Chinese e-commerce giant JD.com offers NFTs despite state media criticisms
Chinese e-commerce giant JD.com is giving away free non-fungible tokens (NFTs) to those who sign up for its annual technology conference JD Discovery, in a move to jump on the NFT bandwagon following its rivals Alibaba and Tencent. Fast facts JD.com’s tech arm JD Technology said yesterday in a social media post it is giving […]
![Bitcoin reaches new all-time price high, but in a very different market since last time 72 WallStreetBull](https://forkast.news/wp-content/uploads/2021/10/WallstreetBullFinal-1260x709.jpg)
Bitcoin reaches new all-time price high, but in a very different market since last time
When the world’s largest cryptocurrency last reached a price high, China had yet to crack down on crypto mining, and there was no U.S. Bitcoin futures ETF. What do changing market conditions mean for the growth of Bitcoin and the crypto industry?