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As blockchain becomes widely used in banking, what are its security risks?

Blockchain provides greater data transparency and security than ever before, but the technology is not immune to cyber attacks and data breaches.
Huobi Global

Huobi launches Blockchain Assets Center for token listings

Huobi Group has announced the launch of a Blockchain Assets Center to provide a standardized, streamlined process for projects seeking to list on its cryptocurrency exchange, Huobi Global.
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Plasm Network closes $10M fundraise to bolster Polkadot ambitions

With Kusama slot parachain auctions underway, the first starting next week, Plasm and Shiden networks prepare for a multi-chain future with Polkadot.
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Indian crypto exchange WazirX in probe over US$382M in suspect transactions

India’s Enforcement Directorate has issued a show cause notice to cryptocurrency exchange WazirX for alleged foreign exchange violations involving 27.9 billion rupees (US$382 million).
Twitter Current Forkast

Twitter chief says integration of BTC Lightning Network “a matter of time”

Twitter’s founder and CEO says the integration of Bitcoin layer-2 payments — the Lightning Network — into the social media platform may be on the horizon.
Zhou

Some cryptos unfit for payment, says Chinese central bank ex-governor

A former governor of the People’s Bank of China said today that some cryptocurrencies have forfeited their opportunity to return to use as methods of payment.

Foreign crypto exchanges eye India despite regulatory uncertainty

Despite regulatory uncertainty over cryptocurrency trading in India, some of the world’s largest crypto exchanges are looking to enter the market.
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Is Chinese province Yunnan banning cryptocurrency mining?

Yunnan is getting prepared to ban cryptocurrency mining activities, BTC.top, one of the country’s major mining pools, today told Forkast.News, citing a screenshot of a notice.
Larva Labs CryptoPunk 7523

Algorithm-generated NFT artwork sells at Sotheby’s for US$11.8M

Auction house Sotheby’s has sold a non-fungible token of a digital artwork known as “CryptoPunk, Alien #7523” for US$11.8 million.
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Bitmain rallies crypto miners to ponder options as industry eyes China exit

Chinese crypto mining rig maker Bitmain is reportedly set to meet with miners and industry participants next week to discuss relocating mining operations overseas.
FF Adelaide

Australian serviced office firm to accept rent in crypto

Australian serviced office firm Business Hub will accept cryptocurrency as payment for rent on serviced office space and other business services as of July 1.
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IMF targets El Salvador’s Bitcoin adoption, citing financial and legal concerns

The International Monetary Fund (IMF) will meet with El Salvador’s President Nayib Bukele to finalize discussions around a pandemic relief loan to support the Central American nation. In a Thursday press briefing, IMF spokesman Garry Rice also implied that El Salvador’s decision to make Bitcoin a national currency will be a focus of the meeting for the IMF team.
HKEX

Singapore’s GIC takes 8% stake in HK’s digital asset company BC Group

GIC, Singapore’s sovereign wealth fund, is investing in BC Group—the parent company of OSL, Hong Kong’s first licensed cryptocurrency exchange.
Kanaria

Cross-chain NFTs coming with Polkadot’s Unique Network and RMRK

Unique Network, an NFT chain for Polkadot, and NFT protocol RMRK announced today that they are partnering on expanding the functionalities of NFTs across blockchains.
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Basel Committee starts public consultation on banks’ crypto asset exposures

The Basel Committee on Banking Supervision has launched a public consultation on preliminary proposals for the treatment of banks’ crypto asset exposures.
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Hashrate drops as Chinese crypto mining ban extended to more provinces

Cryptocurrency mining prohibition in Xinjiang and Qinghai follows Inner Mongolia ban.
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Jump Trading partners with Solana-based DeFi protocol Oxygen

Jump Trading, a high-frequency trading firm, is joining Oxygen, a decentralized finance prime brokerage protocol, as a strategic partner and market-maker to provide liquidity on the Oxygen platform.
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BIS, Swiss and French central banks team up for CBDC Project Jura

The BIS, together with the central banks of France and Switzerland, are collaborating on a wholesale central bank digital currency experiment for cross-border settlements.
Cryptocurrency exchange coinbase partnering with 401(k) provider on crypto retirement plans

Coinbase partners with 401(k) provider ForUsAll on crypto retirement plans

Retirement investment platform ForUsAll is partnering with Coinbase to expand access to cryptocurrencies through the U.S. 401(k) pension scheme.
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South Korea cracks down on suspicious crypto exchange accounts

South Korea’s main finance sector regulator has launched an investigation of accounts operated by crypto exchanges under false or third-party names.
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Singapore central bank says blockchain can boost Asia’s low-carbon future

Ravi Menon, managing director of the Monetary Authority of Singapore, says technologies such as blockchain will help Asian nations to reduce carbon emissions.
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Crypto wallet firm Ledger closes US$380M funding round

Paris-based crypto hardware wallet provider Ledger announced today the completion of a US$380 million series-C fundraise.
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Saudis lead $30M Series A for China nationwide blockchain network manager

Beijing-based Red Date Technology — the face of China’s ambitious nationwide blockchain service network — receives a big investment boost.
FF Millennials

U.S. millennial crypto fans want to spend their coins like cash, study shows

Ninety-three percent of millennial current or former cryptocurrency holders in the U.S. would consider using their digital coins for everyday purchases, according to a recent survey.
Kikitrades co founder Allen Ng

Asian crypto exchange Kikitrade wins funds from UK billionaire Alan Howard

Kikitrade today announced a US$12 million fund raise with investment from British hedge fund billionaire Alan Howard to accelerate its growth.
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China’s biggest crypto exchanges blocked from internet searches, social media

Huobi, OKEx and Binance have been blocked by the country’s most popular internet search engines and social media platforms.
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Ripple: Delaying SEC lawsuit would pose ‘existential threat’ to XRP

In a new court filing, Ripple describes the damage the SEC lawsuit has already done to XRP and the payment company’s now-frozen US business.
FF Moon

Moonstake ties up with Uzbekistan exchange in blockchain push

Staking service provider Moonstake has partnered with UzNEX to provide blockchain consulting services in Southeast Asia and the Middle East.
Vitalik Buterin Hyperledger

Vitalik Buterin: Why Eth2 will propel Ethereum’s use in enterprise

In a talk this week, Vitalik Buterin explains Ethereum’s growing use in enterprise and the importance of building diverse, open-source communities.
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FF Xinjiang

China’s Xinjiang and Qinghai regions ban cryptocurrency mining

Xinjiang and Qinghai regions in China are now banning cryptocurrency mining, after Inner Mongolia tightened its crypto mining ban last month.
FF New York

New York State passes bill restricting Bitcoin mining

A bill restricting the granting of crypto mining permits on environmental ground has passed the New York State Senate.
Presidente Nayib Bukele

El Salvador’s Bitcoin experiment. Ethereum’s steady rise. Free money in China.

Top blockchain and crypto news: El Salvador bets on Bitcoin as national currency. ETH gains ground on BTC. Beijing dishes out digital yuan in latest trials.
Hassan Rouhani

Iranian president calls for crypto regulation to mitigate risks

Iran wants to “preserve and protect national interests” in the field of digital currencies and cryptocurrencies, Iranian President Hassan Rouhani says.
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Cardano to roll out smart-contract tools in new product suite

Cardano is set to provide tools for developers, end users and businesses to execute smart contracts in financial agreements through a new suite of products.
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El Salvador’s Bitcoin law wins vote, set to shake up BTC investments everywhere

Now that Salvadoran President Nayib Bukele’s Bitcoin-as-legal-tender bill is almost reality, what will it mean for BTC investors around the world?
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Beijing Winter Olympics vendors begin to accept digital yuan

Shijingshan, a site for the upcoming Winter Olympics, has started supporting payments made using the state digital money, known as e-CNY.
FF Miami

Miami property deal breaks crypto real estate record

A Miami property has set a record for the highest price paid in cryptocurrency in a real estate transaction — US$22.5 million.
FF BTCEarth

Chinese Bitcoin investors among most profitable globally

Bitcoin investors in China saw greater returns in 2020 than almost any other nation — second only to the US.
FF Green Crypto

Australian crypto exchange Bitunivex plans to go green

Australian crypto exchange Bitunivex.com has announced plans to offset its carbon footprint by investing in green crypto initiatives.
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UNICEF invests in blockchain startups for financial inclusion

UNICEF Venture Fund is awarding up to $100,000 to blockchain startups, including India’s GovBlocks, in its latest funding round. Here are the other projects.
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Hong Kong eyes digital currency as part of new fintech plan

Hong Kong will be initiating a study on a digital Hong Kong dollar as part of its plans to “future proof” the city for central bank digital currencies.
Ripple XRP

Ripple proposes federated sidechains for XRP Ledger smart contracts

Ripple is inviting feedback from its developer community on a plan to introduce federated sidechains on the XRP Ledger.
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KuCoin exchange in Ontario regulator’s sights after law breaches

The Ontario Securities Commission is set to take enforcement action against two companies behind the cryptocurrency exchange KuCoin for violating the province’s securities laws.
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How NFTs are redrawing Asia’s art scene from artists to galleries

From Phillips auction house in Hong Kong to Art Fair Philippines, non-fungible tokens are redefining how Asia appreciates, buys and profits from art.
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World Economic Forum offers DeFi ‘toolkit’ for policymakers

In collaboration with Wharton business school, WEF releases a toolkit for governments to consider the opportunities and risks of decentralized finance.
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Ripple asks court to ignore 70+ SEC actions against cryptos before XRP

Did Ripple have ‘fair notice’ that SEC might deem the XRP a security? Ripple calls report on SEC’s prior anti-crypto enforcement actions ‘misleading.’
FF India REG

Indian crypto exchanges form self-regulatory body

Crypto exchanges in India have partnered with the Internet and Mobile Association of India to form a self-regulatory body.
FF Pipeline

Bitcoin worth millions recovered from Colonial Pipeline ransomware attack

Millions of dollars worth of Bitcoin paid to ransomware hackers who shut down the main fuel pipeline on the U.S. East Coast last month has been recovered.
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Beijing looks to boost blockchain, create industry champions

China has released guidelines aimed at boosting the country’s blockchain development.
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Four in 10 Australian millennials would buy crypto over real estate

Nearly 40% of Australians born between the early 1980s and mid-1990s would rather invest in cryptocurrencies than real estate, according to a nesurvey.
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Crypto exchange Fasset expands to Southeast Asia

Cryptocurrency exchange Fasset has received three licenses from the Labuan Financial Services Authority in Malaysia for business operations in the country.
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XRP sees robust institutional inflows; Ethereum ‘altcoin of choice,’ report says

XRP last week saw inflows of US$7 million into investment products, the most since April, according to CoinShares.
FF Kazakhstan

Bitcoin mining rig maker Canaan to open service center in Kazakhstan

Canaan, one of the largest crypto mining rig makers in the world, is opening its first-ever service center outside China—in Kazakhstan.
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Ripple accuses SEC of ‘noncompliance’ in sharing XRP, Bitcoin and Ether communications

Ripple is also asking court to order SEC to reveal the agency’s internal employee policies on trading cryptocurrencies and other digital assets.
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CoinShares lists Bitcoin, Ethereum and Litecoin ETPs on Germany’s Börse Xetra

CoinShares has announced that its Bitcoin, Ethereum and Litecoin physically-backed exchange traded products have cross-listed on Germany’s Börse Xetra exchange.
Binance

Binance launching NFT platform with ‘100 Creators’ campaign

Binance today announced a “100 creators” campaign featuring creative talents from around the world as part of the launch of its non-fungible token marketplace on June 24.
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Smartphone giant Huawei doubles down on blockchain technology

Following blockchain’s mention as a next-wave technology in China’s five-year plan, Huawei unveils applications for government and in-house services.
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El Salvador poised to adopt Bitcoin as legal tender

El Salvador is proposing a bill to adopt Bitcoin as legal tender in the Central American nation. In a videotaped announcement shown at the Bitcoin 2021 Conference in Miami, President Nayib Bukele said he would submit the bill this week.
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South Korean crypto exchange executives face ban from own platforms

South Korea’s Financial Services Commission has announced plans to ban executive employees and exchange operators from trading on their own platforms, prompting a chorus of complaints. Fast Facts: The FSC’s Financial Intelligence Unit recently met with officials from cryptocurrency exchanges to explain upcoming amendments to the Act on Reporting and Use of Certain Financial Transaction Information, […]
FF Goldshell

NortonLifeLock bids to turn users into home Ethereum miners

Users of cybersecurity product NortonLifeLock will soon be able to mine Ethereum on their home computers through a new feature named Norton Crypto.
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Shanghai in US$3M e-CNY windfall ahead of Dragon Boat holiday

Following a digital yuan giveaway announced for Beijing last week, Shanghai will distribute 350,000 red envelopes to people across the city during next week’s Dragon Boat Festival.
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Crypto mining rig maker Goldshell to launch ‘mine-at-home’ kits in Asia

Crypto mining equipment manufacturer Goldshell has announced that it will launch a new line of mining rigs designed specifically for home use in Asian markets.
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Weibo blocks crypto accounts as Chinese clampdown continues

Microblog platform Weibo has blocked more than 30 influential Chinese cryptocurrency-related accounts amid a series of actions by Beijing against crypto mining and trading.
FF Brisbane

Australia’s first Bitcoin capital growth fund gaining interest

Australia’s first capital growth fund to offer institutional exposure to BTC has announced its received inquiries from some of the country’s largest companies.
Alien Worlds

What blockchain games like Alien Worlds say about life outside metaverses

In a special Q&A, Sarojini McKenna of Alien Worlds discusses play-to-earn gaming, digital assets like Trilium, and lives increasingly lived inside virtual worlds.
FF Indonesia

Luno crypto exchange looks to expand into Indonesia and SE Asia

Global crypto exchange Luno is in talks with conglomerate Lippo Group to launch operations in Indonesia in order to enter the Southeast Asian market.
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How serious is the threat of Bitcoin mining to the environment?

Is Bitcoin’s carbon footprint a growing risk to Earth, or is it a red herring? On this year’s United Nations World Environment Day, crypto mining is a hot topic.
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Prominent Chinese economist urges public to ‘avoid confusion’ between digital currency and cryptocurrencies

It is important to distinguish between developing a digital currency for currency digitalization and digitalization of assets or cryptocurrencies so that China can be more focused on preventing risks in the financial sector, said Fan Gang, a Peking University professor and a prominent advocate in China for economic reform. Fast Facts: In a keynote speech […]
FF Hainan

Regulators in Hainan warn of illegal crypto fundraising schemes

Regulators Hainan province have issued a warning against illegal fundraising schemes using crypto or blockchain..
N Seoul Tower, South Korea | Crypto 'Michelin Guide' releases token evaluation report in South Korea

South Korea will tax overseas crypto assets starting next year

S. Korea residents with accounts in foreign crypto exchanges may have to report their crypto holdings starting in 2022. Above what amount is taxable?
FF UK

UK watchdog: Crypto firms fall short on anti-money laundering rules

Many of Britain’s crypto firms are failing to meet required anti-money laundering and counter-terrorism financing laws, says the country’s watchdog.
Japan and US Flag

BitFlyer to launch Bitcoin-Japanese yen pair for U.S. traders

BitFlyer announced today that it is launching a Bitcoin-to-Japanese yen pair for currency traders in the U.S.

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