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Aspen Digital. Left to Right, Ethan Tong, Yang He, Allen Ng

Rothschild’s RIT Capital leads funding round for Aspen Digital to provide crypto services for institutional investors

Hong Kong-based Aspen Digital, a digital asset management platform for institutional investors, announced on Wednesday that it has secured US$8.8 million in pre-A funding to develop a one-stop shop for asset managers to invest in digital assets and manage their clients’ portfolios. Fast facts The funding round was led by RIT Capital Partners, the London-based […]
Ethereum

Could Ethereum’s upgrade affect miners’ manipulations for extra profits?

Cryptocurrency miners are front-running Ethereum transactions to make profits called MEV that critics decry as unfair. What can be done about it?
Judge's mallet and coin bags, is it a good idea to finance litigation supported by blockchain technology

How blockchain can bring litigation finance to small investors

Investing in litigation was once limited to the wealthy. But a lawsuit’s monetary potential can now be tokenized for sale to the masses. Is that a good idea?
U.S. Senate Continues Debate On Infrastructure Bill

Taxing times for crypto. Ethereum hard fork takes knife to fees. Tencent bets on NFTs.

Top blockchain and crypto news: Is Ethereum’s price flatlining on eve of revolution? Uncle Sam wants pay to play. China’s Big Tech toes the line with NFTs.
Trading Ship, blockchain platform helps cross-border trade financing

Two Chinese provinces use state blockchain platform for export credit insurance worth US$3.27B

Chinese central bank branches in Fujian and Guangxi provinces have announced that their provinces did US$2.4 billion and US$875 million, respectively, of blockchain-based export credit insurance financing for the first half of 2021. Fast facts Fujian Province struck a total of 6,516 insurance deals, and Guangxi Province saw 166 enterprises participate. On May 17, the […]
Canaan

Canaan grows crypto rig sales as Chinese miners tool up abroad

North America emerges as hardware demand hotspot amid Beijing’s regulatory onslaught against cryptocurrency sector.
Ethereum coin, ether's price up and down befor lodon hard fork

Ethereum prices hit resistance as major London Upgrade looms

ETH rose in a historic run in anticipation of ‘Ethereum halving’ — but dipped on the eve of the London hard fork. Forkast.News asks top cryptocurrency analysts to find out why.
Mastercard

Mastercard partners with Australian exchange for crypto card

In a further move towards cryptocurrency adoption, Mastercard has partnered with one of Australia’s oldest crypto exchanges, CoinJar, to launch one of the country’s first crypto payment cards. Fast facts The card became available on Tuesday in a digital form through integration with Apple Pay and Google Pay, and will be available in a physical […]
Gary Gensler

SEC chair labels crypto industry ‘Wild West,’ asks for more powers

The cryptocurrency trading industry has been labeled a “Wild West,” riddled with fraud and investor risk, by U.S. Securities and Exchange Commission Chair Gary Gensler, according to a Reuters report. Fast facts Calling on Congress at the Aspen Security Forum to give the SEC more power to regulate the industry, Gensler said many of the […]
Bitcoin

Bitcoin SV suffers a new 51% attack

Bitcoin SV has suffered another 51% attack beginning around 11:45 am EDT on Tuesday resulting in up to three versions of the chain being mined simultaneously, as initially reported by analytics firm CoinMetrics.io. It is the fifth such attack on the network since late June. Fast facts Further reporting by the firm reported all of […]
HSBC

HSBC blocks UK customer payments to Binance

Binance’s woes continue to mount as global banking giant HSBC is now blocking its customers in the United Kingdom from making credit card payments to Binance, according to Yahoo News. Binance is the world’s largest cryptocurrency exchange. Fast facts HSBC’s move follows similar actions taken by NatWest — a Scotland-based bank with 12.5 million customers […]
Ethereum logo

Ethereum addresses using DeFi soar 65% to over 2.9M

The Ethereum ecosystem is continuing to see strong growth, with institutional capital ‘flooding’ into decentralized finance and decentralized autonomous organizations flourishing.
DigitalArt4Climate

United Nations-associated NFT art project builds on Polkadot to fight climate change

The DigitalArt4Climate NFT initiative aims to promote art via blockchain technology to inspire environmental activism around the world.
Decentralized network, the blockchain application can change the world in a near future

Blockchain applications that will change the world in the next 5 years

The next half decade will see mass adoption of decentralized technology, writes Max Kordek of Lisk. Here are the leading uses.
Marathon Digital

Marathon Digital to buy more mining rigs from Bitmain

Nasdaq-listed Marathon Digital Holdings, one of the biggest Bitcoin mining companies in North America, has announced a deal to buy an additional 30,000 mining machines from Bitmain to boost its mining capacity. Fast facts Marathon has entered into a contract with Bitmain to purchase 30,000 Antminer S19j Pros worth a total of US$120.7 million, the […]
Tencent huanhe NFT

Tencent climbs aboard NFT bandwagon with new trading app

Chinese internet giant Tencent is making a foray in the world of non-fungible tokens, launching an NFT trading platform named Huanhe. Fast facts The tech conglomerate has rolled out the Huanhe app — built on the company’s own Zhixin chain — on its Android application platform. Its debut sales feature 300 audio NFTs created based […]
crypto mining rig, the manufacture of rigs Cannan appoints new CFO

Crypto mining rig maker Canaan names new CFO

Cryptocurrency mining rig manufacturer Canaan has announced the appointment of James Jin Cheng as its new CFO, following the resignation of his predecessor in February. Fast facts Cheng was previously vice president of Chinese internet recruiting platform Zhaopin Ltd., which listed on the New York Stock Exchange in 2014 before being taken private in 2017. […]
Miami

Miami prepares launch of city cryptocurrency

The city of Miami is set to launch its own cryptocurrency, MiamiCoin, tomorrow. The token will allow people to invest in the city to fund infrastructure projects and events, according to a report by Decrypt. Fast facts The token is being released in partnership with CityCoin, a project that facilitates cities releasing their own tokens […]
Jack Dorsey

Square acquires Afterpay for $29B to expand into ‘buy now pay later’

Global payments giant Square — which recently made moves into decentralized finance — is acquiring Australian “buy now pay later” fintech company Afterpay for US$29 billion (AU$39 billion) to expand its range of services, according to a recent company press release. Fast facts The purchase will enable Square’s CashApp and Seller business units to offer […]
Australian cryptocurrency exchange Independent Reserve CEO Adrian Przelozny

Singapore poised to grant one of first approvals to crypto exchange Independent Reserve

Australian cryptocurrency exchange Independent Reserve said Monday that it had received an “in-principle approval” for a Major Payment Institution License in Singapore to operate as a regulated digital payment token (DPT) service provider, according to a company statement. Fast facts Founded in Australia in 2013, Independent Reserve set up its first overseas operations in Singapore […]
Hacker

Crypto crimes surge to record levels in Hong Kong

Crypto-related crime has hit record levels in Hong Kong for the first six months of this year, with one victim losing HK$124 million (US$15.95 million) to fraudsters, according to the South China Morning Post. Fast facts Hong Kong police recorded 496 such cases totaling HK$214.4 million (US$27.58 million) in just the first half of this […]
Zuckerberg/VR

Will Facebook’s metaverse future transform how we live online?

Facebook CEO Mark Zuckerberg has a vision for metaverses — online worlds that one day will replace big parts of our offline lives. But some say that future is already here.
Non-Fungible Token, Opensea hit a new trasaction volume

NFT market OpenSea transaction volume hits record high

Non-fungible token marketplace OpenSea’s July transaction volume reached a new high of almost US$325 million, a 118% increase from an historic high attained in June. Fast facts The new numbers make OpenSea the most active NFT marketplace. OpenSea’s July NFT transaction numbers and transaction fees were also records, at 457,700 and US$21.78 million, respectively, breaking […]
PBOC

Chinese central bank shows no sign of softening stance on crypto

People’s Bank of China vows to keep sector under ‘heavy pressure’ as it pushes digital yuan.
Binance logo 1

Binance in Malaysia ban as it ends derivatives trading in Germany, Italy, Netherlands

World’s biggest cryptocurrency exchange steps up compliance and cuts product offerings, with a ban in Malaysia and end of lucrative derivatives business in three EU nations.
US Senate

U.S. infrastructure bill could bring sweeping regulatory changes to crypto

A provision in an infrastructure bill being debated by the U.S. Senate has prompted concerns in the crypto industry as it boosts Internal Revenue Service reporting requirements for investors and brokers. Fast facts According to the New York Times, the provision is an effort to help fund a US$ 1 trillion bipartisan bill and could […]
Matrixport, Asia's newest crypto unicorn

Singapore crypto financial services unicorn Matrixport closes fundraise

Matrixport, a Singapore-based digital asset financial services platform, today announced the completion of a series-C funding round, bringing the company’s valuation to more than US$1 billion. Fast facts The funding round was led by partners of DST Global, C Ventures and K3 Ventures, with other investors including Qiming Venture Partners, CE Innovation Capital and Tiger […]
DNA

How NFTs can track patient consent for clinical trials and give you greater control over your own health data

A new NFT platform built on Hedera Hashgraph aims to give patients greater control over their health information. How does it work?
Bitconi

Japan’s Monex and SBI report strong Q2 results

Two of Japan’s largest crypto firms, Monex and SBI Groups, have seen strong performances in the second quarter of the year, according to the groups’ respective Q2 reports. Fast facts SBI operates two domestic exchanges, SBI VC Trade and the TaoTao platform, as well as the mining arm SBI Crypto and U.K.-based liquidity provider B2C2. […]
Staff are seen preparing Pfizer vaccine doses inside the Melbourne Showgrounds COVID-19 Vaccination Centre on July 20, 2021 in Melbourne, Australia

10 key blockchain developments in healthcare toward Covid-19 in 2021

Blockchain technology is part of the important work being done toward a safer and healthier world. Lucas Schweiger of Blockdata summarizes this year’s strides forward.
Bitcoin money on computer

Bitcoin mining difficulty rising again as miners resettle and get back to work

The global Bitcoin hashrate is now on an uptrend as miners pushed out by China resettle on friendlier shores and resume investing big money in mining equipment.
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A city view of Busan, South Korea | Busan city to establish a digital asset exchange

South Korea’s Busan city to establish digital asset exchange

Busan, the “blockchain city” of South Korea, is in the early stages of building its own platform for digital asset transactions. Fast facts According to Coindesk Korea, Busan city has started setting up detailed plans and strategies in establishing a digital asset exchange. Its plans include building an ecosystem for securities token-based digital asset transactions […]
India clarities crypto levy; a picture of Indian Rupee with Bitcoin, XRP and Ethereum

India admits it has no good data on crypto exchanges, despite years of debate over regulations

Speaking to Parliament, India’s finance minister reveals that the government does not know how many crypto exchanges India has nor the number of crypto users.
FTX US logo with trading screen in background

Crypto exchange FTX.US daily trading volumes jump 150-fold in a year

FTX.US, the U.S. affiliate of Hong Kong-based cryptocurrency exchange FTX, saw its average daily trading volumes soar 150-fold in June compared to the same month a year before, according to the company’s mid-year results. Fast facts The company reported that FTX.US had a daily volume that ranged between US$150 million and US$1 billion in the […]
BTC

IMF wants to be part of world’s transition to a digital economy

The International Monetary Fund says it has a mandate to help countries around the world adopt and adapt to digital currencies, but only if the digital money is in the public interest — which Bitcoin is not, according to an IMF report published yesterday. Fast facts While the IMF recognizes the potential benefits of digital […]
Japan's Mount Fuji; Report shows Japan's crypto asset bottlenecks

Here are Japan’s crypto investing bottlenecks, according to new report

Japan’s crypto-asset business association published a report yesterday that highlights issues in crypto investing for the country’s institutional investors.  Fast facts This report is an update of the latest use cases and projects from the “Discussion Paper Interim Report on Cryptocurrency Use Cases” published on May 7, 2021, and is a supplementary material to the […]
Stock market data on cellphone, Robinhood's listing opened up a war for the investment class

Robinhood’s IPO is just the start of an investing class war

What is Robinhood really worth, now that it’s a public company? Perhaps its true value depends on who you are.
Robinhood

Robinhood closes 8% down in underwhelming IPO

Robinhood’s hotly-anticipated market debut had an underwhelming start on Thursday, closing 8% down on its debut price of US$38, according to data from TradingView.com. Fast facts Trading under the ticker HOOD, Robinhood’s stock had an immediate rocky start, falling 10% before recovering slightly. But HOOD still ended the day at US$34.82. As Forkast reported recently, […]
Asian man sitting in darkness with glowing script symbols and hacking system

Chinese authorities swoop on 380 suspected crypto and wire fraud groups in 1H 2021

Wire fraud, including cryptocurrency-related fraud, becomes fastest-growing crime as scams — some even involving China’s digital yuan project — proliferate.
Crypto.com report: 221 million crypto users globally

Over 220 million people are now crypto users, says new report

The number of crypto users around the world grew to 221 million in June, double the number in January, according to a report released today by Hong Kong-based cryptocurrency exchange, Crypto.com. Fast facts Bitcoin drove the growth in crypto use from January to April, with companies such as Microstrategy, PayPal, Tesla and Visa buying into […]
IOU

Friends may forgive debts, but WeChat’s new blockchain IOU won’t let anyone forget it

China’s internet giant Tencent launched a blockchain-based digital IOU service on its flagship product WeChat, one of the nation’s most popular apps for messaging and payments.  Fast facts Aside from Wechat’s existing “mini receipt” and “mini contract,” Tencent says its new IOU function would allow friends to borrow money more easily from each other, according […]
Road with words retirement

Crypto retirement plans are on the rise. Are they a good idea?

Tokenization is creating new ways to invest. 3 crypto firms are partnering to also offer crypto retirement portfolios and inheritance planning.
Bitcoin on crypto mining GPU hardware, Bitcoin mining companies are expanding business across the world

Is Bitcoin mining hot again? These crypto insiders think so

Despite China’s crackdowns on Bitcoin mining and growing consternation about crypto mining’s carbon footprint, some miners are betting big on a rosy future.
Flag of South Korea | Number of new crypto investors in South Korea plummets

Number of new crypto investors in South Korea drops over 90%

New data provided by lawmaker Kim Hee-gon shows a significant decline in new users and the amount of transactions on the four largest cryptocurrency exchanges in South Korea. Fast facts The data aggregated by the four largest crypto exchanges in Korea — Upbit, Bithumb, Korbit and CoinOne — shows that their total of new users […]
Iran

Iran’s electric utility issues warning about Chinese crypto miners

Iranian state electric company Tavanir has warned judicial officials about Chinese cryptocurrency miners coming to Iran, an influx that could worsen the country’s power outage problems, according to local media reports. Fast facts Tavanir CEO Mohammad Hussein Motevallizadeh said in a letter published by local news website Eghtesadnews that the Chinese government’s crackdown on crypto […]
antpoollogo

Crypto mining rig giant Bitmain divests from AntPool, the world’s biggest mining pool

Bitmain’s move comes amid China’s crypto mining crackdowns and AntPool’s shrinking hashrate. Is Bitmain gussying up for an IPO?
PayPal

PayPal unveils plan to greatly expand crypto services

PayPal customers will soon have access to a greater range of crypto services through the global payment platform, CEO Dan Schulman said during PayPal’s Q2 2021 investor update call yesterday. Fast facts Describing the upgrade as “code complete,” Schulman said the wallet should be fully available for customers in the Unite States in the next […]
Stoner Cat

Stoner Cats cause trouble on Ethereum as NFT cartoon goes live

Sales of non-fungible tokens for “Stoner Cats,” the new adult cartoon featuring Ethereum creator Vitalik Buterin alongside Hollywood A-listers, resulted in losses totaling 344.6 ETH (US$790,000) to fans yesterday due to the influx of buyers who overwhelmed the Ethereum network and failed transactions, according to data from Dune Analytics. Fast facts The show, which sold […]
a charging EV, blockchain can help to develop application of renewable energy

Why blockchain technology is integral to a future of net-zero carbon emissions

Shifting to renewable energy is now a global goal. Using electric vehicles as an example, Author Joseph Jacobelli examines how digital technologies like blockchain will lead the way to a greener planet.
Now hiring in words, chair with a bitcoin

Battle for blockchain talent is heating up. What and where are the crypto jobs?

Flush with capital, blockchain and crypto firms are on a hiring spree. Here’s how the battle for crypto talent is playing out.
Amber Group launches CreatorFi NFT initiative to bridge traditional, crypto worlds

Amber Group launches CreatorFi NFT initiative to bridge traditional, crypto worlds

Hong Kong-based crypto financial services company Amber Group wants to bridge the gap between creators, collectors and platforms looking to get into NFTs and the crypto space.
Biconomy team

Blockchain developer platform Biconomy Raises $9M, led by Mechanism Capital

Biconomy, a Singapore-incorporated technology company building transaction infrastructure for blockchain applications, today announced it had raised US$9 million in a private funding round led by digital asset fund manager DACM and investment firm Mechanism Capital, according to a company statement. Fast facts Other investors included Coinbase Ventures, Coinfund, Huobi Innovation Labs and Stani Kulechov, founder […]
Robinhood

Robinhood readies IPO as risks cast shadow over future earnings potential

The fee-free trading platform’s initial public offering promises plenty of action for retail investors, but pitfalls may lie in wait amid trading volatility and wider adoption of business model.
Amazon Hosts Jobs Day Across US To Hire 50,000 For Its Fulfillment Centers

Amazon’s brush with Bitcoin. Robinhood IPO looms. Huobi backs out of Beijing.

Top blockchain and crypto news: Is Amazon taking up BTC? Robinhood’s share sale deserves scrutiny. Did Huobi jump or was it pushed?
Golden bitcoins and South Korea flag. Digital cryptocurrency.

Disguised crypto exchange bank accounts exposed by South Korean regulator

South Korea’s Financial Services Commission revealed today that it had discovered 14 bank accounts used by virtual asset exchanges that had been registered in names that were not those of the exchanges themselves. Fast facts It is not legal for crypto exchange bank accounts held under other names to accept customers’ funds on behalf of […]
Thai temple in Thailand. The central bank of Thailand published a guideline on blockchain

Bank of Thailand promotes blockchain in new guidelines

Thailand’s central bank yesterday published guidelines to regulate and promote the use of blockchain technology in the financial sector.  Fast facts Released by Siritida Panomwon Na Ayudhya, assistant governor of the payment systems policy and financial technology group at the Bank of Thailand, the guidelines provides principles for blockchain technology adoption by financial services providers.  […]
cryptocurrency and stock market business concept

South Korean crypto exchanges warned over treatment of customers

The Korea Fair Trade Commission has advised eight cryptocurrency exchanges to changes terms and conditions in their user agreements that it deems unfair to customers. Fast facts The commission discovered 15 types of terms and conditions that it said were unfavorable to customers. One condition stipulated that balances of less than a minimum withdrawal amount […]
Japan's Mt Fuji in background with Ripple logo

Ripple partners with SBI Remit, Coins.ph to use XRP for Japan-Philippines remittances

San Francisco-based payments technology company Ripple has partnered with SBI Remit, Japan’s largest money transfer provider, mobile payments service Coins.ph and digital asset exchange platform SBI VC Trade to use XRP for remittances between Japan and the Philippines, according to a company statement. Fast facts The partnership — Ripple’s first on-demand liquidity service implementation in […]
Binance CEO Changpeng Zhao (CZ) and Binance app

Binance CEO reiterates willingness to replace self, beefs up KYC

Binance also tightens withdrawal limits and unveils new tax reporting tool, to counter recent flurry of government investigations and bad publicity.
India Rupees

Big Indian banks take stakes in trade finance blockchain firm

Fifteen of India’s largest banks have invested in a fintech firm that aims to use blockchain to speed up domestic letters of credit, a first in domestic trade finance, regulatory filings to the National Stock Exchange of India show. Fast facts Named the Indian Banks’ Blockchain Infrastructure Co., the firm uses blockchain technology to verify […]
Draper Associates and EthSign logo

Ethereum-based EthSign platform wins seed funding from Draper Associates

EthSign — a Singapore-based electronic signing platform built on the Ethereum blockchain — today announced additional seed round funding from Silicon Valley venture capital firm Draper Associates. Fast facts EthSign is a decentralized application that allows users to comment on, edit and access each version of an electronic agreement securely. Built on the Ethereum blockchain, […]
BurgerKing

Dogecoin for dog food at Brazil’s Burger Kings

In the latest effort of crypto cross-promotion, Burger King Brazil is now accepting the memecoin Dogecoin as payment for a “Dogpper” — a special edible doggie treat for customer’s pets and a play on words of the fast-food chain’s famous burger, the Whopper. Fast facts The doggie treat is not new to Latin America. Burger […]
Mastercard

Mastercard launches new crypto startup accelerator program

In an effort to “expand and accelerate innovation around digital asset technology”, Mastercard is launching a new global program to support cryptocurrency startups by giving them access to Mastercard’s business network and technology. Fast facts Announced yesterday, Mastercard’s Start Path program already has signed up seven crypto-related startup companies: GK8, Mintable, Stacs, Supraoracles, Taurus, Uphold […]
Robinhood

Robinhood seeks to protect traders from crypto price volatility

Zero-fee trading app Robinhood is looking to introduce features to better protect users against the price volatility of crypto trading, according to a report by Bloomberg based on an analysis of the platform’s code by iOS developer Steve Moser. Fast facts According to a message in the code, a new feature called “price volatility protection” […]
Fireblocks logo with earth and interconnected blockchains as background

Digital asset custody platform Fireblocks completes $310 million fundraise

Capital increase takes company’s valuation to US$2 billion as it looks to grow customer base, partnerships.
Ethereum

What’s Ethereum price outlook for the rest of 2021?

Ethereum’s future is top of mind for a group of fintech experts polled by Finders. Where do they think Ethereum prices are headed, and will Ethereum overtake Bitcoin?
Golden bitcoins and South Korea flag | South Korea's tax law amendment allows authorities to seize crypto from cold wallets

South Korean authorities to collect delinquent taxes from crypto cold wallets

South Korea’s newly amended tax law will allow authorities to collect delinquent taxes hidden in cryptocurrency cold wallets. Fast facts The Ministry of Economy and Finance yesterday announced the 2021 Tax Law Amendment, which grants authorities the power to seize delinquent taxes transferred to crypto holdings. The seized crypto will be sold on exchanges and […]
Bar chart, showing the revenue influcuation

OKEx parent’s USDK stablecoin revenue dives almost 90%

OKG Technology Holdings, the parent company of crypto exchange OKEx, suffered an 89.8% year-on-year slump in revenue from operating Ethereum stablecoin USDK, its FY 2021 annual report shows. Fast facts Its USDK revenue was just HK$159,000 (US$20,470). Currently, USDK, which launched in 2019, has a market cap of US$28.68 million and a circulating supply of […]
JTS

Thailand telecoms firm to expand into Bitcoin mining

Jasmine Telecom Systems, a publicly-listed unit of Thai telecoms operator Jasmine International, is set to ride the Bitcoin mining wave, with plans to install tens of thousands of mining machines over the next few years. Fast facts JTS is kicking off plans to deploy 500 mining machines in a data center in the third quarter […]
Tesla vehicle and charging station

Tesla reports $1.3B in Bitcoin holdings in Q2 2021

Electric carmaker Tesla on Monday reported that it held US$1.3 billion of Bitcoin, according to the company’s Q2 2021 financial results update. Fast facts There was no change to Tesla’s Bitcoin holdings from the previous quarter, but the company took a Bitcoin-related impairment hit of US$23 million due to the fall in Bitcoin prices, according […]
Huobi

Huobi’s stock plunges in Hong Kong as it shuts Beijing unit

Closure of blockchain business may be related to regulatory concerns, but unlikely to hit crypto industry hard, observers say.
Philippine Digital Asset Exchange has users increased by 22.5 times since 2019

Philippine Digital Asset Exchange user numbers skyrocket

The Philippine Digital Asset Exchange, a cryptocurrency trading platform licensed by the central bank of the Philippines, now has more than 450,000 users, a 22.5-times increase from 2019, the bourse has told local media.  Fast facts PDAX Chief Executive Nichel Gaba said many Filipinos were crypto-curious, which explained why the number of traders on the […]

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