Bitcoin News
Singapore’s DBS Bank says no investment discussion can omit Bitcoin
Diversification to allocate funds to Bitcoin is an "opportunity that (fiat) money cannot buy", says DBS Bank's chief investment officer.
Michelle Lim
Forkast
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Most recent
Regulation
S. Korean crypto exchange Bithumb distances itself from scandal-hit ex-chairman
Bithumb, one of South Korea’s biggest cryptocurrency exchanges, is attempting to disassociate itself from its former chairman amid fears that its links to him may pose a threat to its license to operate.
Danny Park
Bitcoin News
Meitu, Chinese crypto-invested firms’ stock slammed by Bitcoin crash
Hong Kong-listed beauty app Meitu and other companies that have invested in cryptocurrencies have seen millions of dollars wiped off the value of their stock following the huge global Bitcoin sell-off this week.
Kelly Le
Regulatory News
US Treasury calls on firms to report to IRS on crypto transactions over US$10K
The U.S. Department of the Treasury is calling for business to report cryptocurrency transactions worth more than US$10,000 to the Internal Revenue Service.
Lucas Cacioli
DeFi News
Bank on change: DeFi’s challenge to traditional finance and fintech
As mainstream finance embraces decentralized finance, neither it nor its younger challengers are likely to escape the evolutionary forces at work.
Bryan Michael Galvan
DeFi News
Thailand’s The Brooker Group still bullish on crypto, planning US$3M investment in DeFi
The Booker Group announced that it now holds approximately US$35 million in crypto and plans to invest US$3 million into DeFi in Q2.
Michelle Lim
Regulatory News
U.S. SEC chair Gary Gensler says regulator will enforce crypto rules ‘aggressively and consistently’
U.S. SEC chair Gary Gensler says as technology and markets evolve, regulators should be ready to bring cases involving crypto.
Michelle Lim
Bitcoin News
What’s really behind the Bitcoin market crash? Tether USDT lifts veil on reserves. Facebook-backed Diem going to California.
Other top blockchain and cryptocurrency news: BlockFi’s accidental BTC millionaires. China's Inner Mongolia asks citizens to report illegal crypto mining.
Forkast.News
Upcoming NFT Projects
NEM’s Symbol blockchain launching NFT footballer collectibles
NEM Group is launching NFTs with former Liverpool footballer and manager Sir Kenny Dalglish and current Manchester City player Riyad Mahrez.
Michelle Lim
DeFi News
Chainlink joins Hedera council in push to link DeFi with traditional finance
Chainlink, a data oracle, has joined the Hedera Governing Council, which oversees the distributed governance of the Hedera network, an enterprise-grade public network for the decentralized economy.
Forkast.News
Regulation
South Korea switches course on crypto amid backlash over regulator’s remarks
Newly elected South Korean Prime Minister Kim Boo-kyum appears to be leading an embrace of the cryptocurrency sector among lawmakers.
Danny Park
Regulation
Judge denies Ripple’s bid to bar SEC from seeking foreign info on XRP
In a win for the SEC, a judge knocks back Ripple’s request to stop the SEC from asking foreign regulators for info on Ripple and XRP transactions overseas.
Michelle Lim
Regulation
Illegal crypto mining in Inner Mongolia’s crosshairs as reporting hotline set up
The Chinese region of Inner Mongolia is urging members of the public to report all cases of cryptocurrency mining, setting up a reporting hotline, an office address and an email address to solicit tips for law enforcement authorities.
Kelly Le
Bitcoin News
China’s BIT Mining inks deal for U.S. data center joint venture
Chinese cryptocurrency miner BIT Mining has signed a deal to build a data center in Texas.
Kelly Le
DeFi News
Rejecting traditional finance, some firms now turn to DeFi for growth capital
DeFi project Maple Finance is launching a $17 million lending pool to provide crypto startups with capital. Is this the start of a DeFi credit underwriting trend?
Michelle Lim
Bitcoin News
Bitcoin appears to stabilize after dramatic correction
The world’s biggest cryptocurrency may have found a new trading range after being battered yesterday following an apparent Chinese clampdown on cryptos, partly reversing losses of around 30% seen when investors dumped their coins on Wednesday.
Forkast.News
Bitcoin News
Bitcoin’s rollercoaster ride leaves market players unfazed as upside beckons
Professional crypto traders appear to be taking the recent plunge in the price of Bitcoin in their stride as they look ahead to an upswing in the cryptocurrency’s fortunes.
Forkast.News
Bitcoin News
Bitcoin long positions worth $1.5 billion liquidated amid crypto crash
Around US$1.5 billion of Bitcoin long positions were liquidated today across some of the world's top crypto exchanges, including Binance and FTX, according to Bybt data.
Yohan Yun
Regulation
Australia seeks fresh submissions on cryptocurrency rules
In a paper released today by a Senate committee, the Australian government announced it is seeking help in establishing a crypto regulatory framework.
Graham Smith
Altcoins
RippleNet ties up with Egyptian bank, UAE payment firm for funds transfers
RippleNet has partnered with National Bank of Egypt and UAE-based payment services firm LuLu International Exchange for the processing of cross-border funds transfers from the United Arab Emirates to Egypt.
Forkast.News