Regulation
Who’ll blink first in India’s crypto stand-off?
India’s central bank has clarified that cryptocurrencies are not illegal, but that does little to prevent lenders from refusing to provide crypto-related services.
Monika Ghosh
Forkast
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Most recent
DeFi Platforms
What is yield farming in DeFi and how does it work?
One of DeFi’s hottest trends, yield farming can bring riches but is not for crypto beginners or those who can't afford to lose. Forkast.News explains why.
Jimmy Aki
Blockchain Security
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.
David Lukić
Crypto Trading and Strategies
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.
Michelle Lim
DeFi News
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.
Michelle Lim
Regulation
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).
Michelle Lim
Bitcoin News
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.
Lucas Cacioli
Regulation
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.
Timmy Shen
Regulation
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.
Lachlan Keller
Regulation
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.
Timmy Shen
NFTs and Art
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.
Yihui Xie
Regulation
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.
Timmy Shen
Bitcoin News
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.
Lachlan Keller
Regulation
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.
Lucas Cacioli
Investment Insights
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.
Michelle Lim
Upcoming NFT Projects
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.
Michelle Lim
Regulation
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.
Michelle Lim
Regulation
Hashrate drops as Chinese crypto mining ban extended to more provinces
Cryptocurrency mining prohibition in Xinjiang and Qinghai follows Inner Mongolia ban.
Timmy Shen
DeFi News
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.
Michelle Lim
DeFi News
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.
Michelle Lim