Articles by

Dylan Butts

Dylan Butts is a Forkast journalist based in Hong Kong. He has previously wrote for publications such as NBC and the South China Morning Post, covering a wide range of topics including business and technology. Dylan holds a bachelor's degree in economics from St. Lawrence University and a master's in journalism from the University of Hong Kong.

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March 2023

FastForkast headlines

India, UAE to collaborate on cross-border central bank digital currencies

Voyager-Binance.US’ $1 bln deal should be put on hold, says U.S. Department of Justice

Euler Finance loses nearly US$200 mln in exploit

Meta working on a decentralized social media app: Moneycontrol

New York attorney general sues KuCoin for ‘falsely representing itself as an exchange’

CFTC chair calls Ethereum a commodity, in contrast to SEC chair Gensler’s position

Bitcoin, Ether fall amid interest rate hike fears, Silvergate liquidation; Forkast NFT 500 index slips 0.79%

Thailand to offer tax breaks to firms issuing investment tokens

Bitcoin, Ether fall amid U.S. Fed chair warning of more interest rate hikes; Forkast NFT 500 index slips 0.65%

FTX’s Alameda sues Grayscale over crypto trusts

Bitcoin ATM firm accused of profiting from crypto scams via unlicensed machines: U.S. Secret Service

Ethereum core developers delay Shanghai hard fork to early April

Australia’s central bank identifies CBDC use cases as it prepares pilot launch

Japanese banks to launch, test stablecoins on ‘Japan Open Chain’

Creation of U.S. digital dollar would ‘crowd out’ crypto: ex-Biden adviser

Visa not slowing down with crypto plans, says its crypto chief

March 2023

Truck industry as real-world crypto use case? How blockchain could replace system that leaves U.S. truckers out of pocket 

The current payment system relied on by truck drivers runs through third parties and adds costs to supply chains and consumers. Could blockchain tech provide an alternative, and would truckers trust it?

JPMorgan report shows institutional trader interest shifting to AI from blockchain after crypto slump

Nearly three out of four institutional traders surveyed “have no plans to trade crypto,” while most see Artificial Intelligence as the next big disrupter.

FastForkast headlines

Visa not slowing down with crypto plans, says its crypto chief

FTX founder Sam Bankman-Fried hit with four more criminal charges

IMF releases crypto action plan, advises against legal tender status

SEC accused of ‘back door’ labeling of crypto as securities in Coinbase insider trading case

Canada gives crypto companies 30 days to meet updated registration guidelines

Crypto scammers seize on AI frenzy as fraudulent ChatGPT tokens flood markets

FTX Japan resumes withdrawals through Liquid Japan web platform

Hong Kong begins public consultation on crypto licensing regime

Japan to launch digital yen pilot programme in April

Judge says Bankman-Fried could ‘conceivably’ have bail revoked: CNN

Binance expects to pay penalties to settle U.S. probes: Wall Street Journal

EU begins regulatory sandbox for blockchain technology

Conflux Network, China Telecom to build blockchain-enabled SIM cards

Hong Kong hopes to raise US$102 mln from digital green bonds debut: Bloomberg

Singapore’s DBS bank plans to apply for crypto license in HK: report

Head of crypto, FX trading platform EminiFX pleads guilty to US$248 million fraud charges

UAE central bank to issue CBDC, promote digital asset growth

Huobi to expand in Hong Kong as it bets on China

Jury sides with fashion giant Hermès in MetaBirkins NFT case

Alameda wallets activate, transfer millions in FTT tokens 

DCG to sell Grayscale holdings at a discount to pay creditors: report

Binance tells Indian crypto exchange WazirX to remove funds from its platform as feud escalates

Binance re-enters S. Korea through GOPAX equity purchase: report

Crypto exchange PayBito begins to integrate ChatGPT into its platform

Crypto hackers stole record US$3.8 bln in 2022, mostly from DeFi and cross-chain bridges: Chainalysis

Bankrupt FTX held US$1.4B in cash at the end of 2022

February 2023

Bankrupt BlockFi asks court to approve bonuses to keep staff

BlockFi said it needed bonus payments to keep employees from fleeing the company. But creditors argue the plan is excessive when compared to other crypto bankruptcies.

Bankrupt FTX exchange has recovered US$5 bln worth of ‘liquid’ assets, lawyers say

The names of the crypto exchange’s 9 million customers and creditors will remain sealed from the public for at least three months.

FastForkast headlines

Bankrupt FTX held US$1.4B in cash at the end of 2022

Bitcoin trades higher in Nigeria amid cashless economy drive

DOJ, FBI hack Hive Network, save US$130 mln from crypto ransomware attacks

Apple, New York Times, Hong Kong Government listed among FTX creditors

Bankrupt BlockFi’s financials show US$1.2 bln exposure to FTX, Alameda: report

Regulators should not legitimize ‘purely speculative’ crypto activity: Singapore’s monetary authority chief

Bankrupt crypto lender Genesis ‘optimistic’ about resolving creditor dispute: Reuters

Binance says Signature Bank no longer supports crypto exchange transactions of under US$100,000

Crypto ads should include risk warnings, says South African advertising regulation group

Crypto lender Hodlnaut’s creditors reject restructuring plan, prefer liquidation: report

Bitcoin price rebounds as U.S. inflation cools

Hong Kong crypto exchanges to follow same laws as traditional finance

Bitcoin named dirtiest crypto of 2022, tops major tokens in carbon emissions: Forex Suggest

German government warns of ‘Godfather’ malware targeting banking, crypto apps

Crypto payments firm Wyre limits withdrawals as it mulls ‘strategic options’ amid market downturn

Crypto exchange Huobi latest firm to slash staff: Reuters

Sam Bankman-Fried pleads not guilty to fraud charges in FTX exchange collapse

January 2023

A series of events: Crypto’s 2022 timeline

Cryptocurrencies had a turbulent 2022 to say the least. Blockchain technology made progress but that failed to offset the multiple bankruptcies and hacks that plagued the industry through the year.

Second set of transactions from Alameda wallets likely liquidators: Nansen

FTX liquidators may be behind the latest transactions from Alameda Research wallets, but someone else may have sent the first set of cryptocurrencies to decentralized exchanges.

Sam Bankman-Fried home for Christmas after making US$250 million bail in U.S.

Bankman-Fried won an upgrade from his Bahamas prison cell after posting bail following his extradition to the U.S. on Wednesday, where he faces charges for what prosecutors called “fraud of epic proportions.”

FastForkast headlines

Sam Bankman-Fried pleads not guilty to fraud charges in FTX exchange collapse

Argo Blockchain shares soar after selling Texas mining facility to Galaxy Digital

FTX founder Sam Bankman-Fried likely to enter plea deal: report

Sam Bankman-Fried used Alameda Research money to buy Robinhood shares

Crypto addresses linked to Alameda Research have moved over US$100,000

Ban crypto or brace for the next financial crisis, RBI governor warns