Forkast
Regulation
The administration of U.S. President Joe Biden is campaigning for a tax on cryptocurrency miners equal to 30% of the cost of the power they use, citing what it calls “negative spillovers” from the industry.
Timmy Shen
Altcoins
Bitcoin and Ether gained ground in Wednesday morning trading in Asia, with most other top 10 tokens mixed. Litecoin gained, BNB was the biggest loser.
Danny Park
NFTs and Gaming
NFT prices and trading volume are dropping but this could be an indicator of a maturing market.
Yehudah Petscher
Bitcoin News
Now that the Bitcoin Ordinals genie is out of the bottle, a debate is raging about whether they're good for the original blockchain and their long-term consequences.
Bob Bodily
Altcoins
Temasek, Singapore’s state-owned investment firm, has denied that it had invested in Array, an algorithmic cryptocurrency developer.
Pradipta Mukherjee
Altcoins
Bitcoin dropped 2.09% in Tuesday afternoon trade in Asia while Ether lost 0.81%. BNB fell 2.93% and Polkadot declined 2.66%.
Pradipta Mukherjee
NFT Marketplaces
Sotheby’s, which accounts for 24% of global art auction sales, has launched an online secondary marketplace for its curated NFTs as the 279-year-old auction house for fine art expands its push into digital assets.
Timmy Shen
Bitcoin News
Bitcoin dipped to US$28,000 in Tuesday morning trading in Asia and then fell through that support line later in the morning. Ether and other top 10 cryptocurrencies also fell.
Danny Park
Regulatory News
CFTC and SEC disagree over whether cryptocurrencies are securities, and two big lawsuits clouding the industry's future invoke laws that long predate the digital era.
Lionel Zhao
Crypto Trading and Strategies
Seychelles-based cryptocurrency exchange Bitget expects more clarity on Hong Kong's licensing regime from June as the city pushes ahead with plans to attract blockchain and cryptocurrency entrepreneurs.
Pradipta Mukherjee
Bitcoin News
Bitcoin dropped below US$29,000, while Ether fell below US$1,900 on Monday afternoon in Asia. Binance’s BNB was the only token in the top 10 cryptocurrencies to rise.
Pradipta Mukherjee
Advanced Blockchain Technologies
How would layer 3 improve upon what layer-2 protocols do, and what barriers does this emerging technology still need to overcome? Tony Cheng of Foresight Ventures explains.
Tony Cheng
Bitcoin News
Bitcoin edged up on Monday morning in Asia to hold above US$29,000. Ether fell below US$1,900. Most other top 10 non-stablecoin tokens traded lower except BNB.
Tom Zuo
NFTs and Art
NFT IP allows traders to multiply their brands and grow. The Nakamigos collection has leveraged this advantage of the technology.
Yohann Calpu
NFT Marketplaces
Mad Lads has been the best selling NFT collection in the world since its launch that was delayed last week due to a DDOS attack.
Zoltan Vardai
Regulation
Coinbase said the Securities and Exchange Commission seems to be undermining its own role as the monitor of companies registering to sell shares to the public
Timmy Shen
Bitcoin News
Bitcoin rebounded from US$27,000 multiple times this week. Uncertainty over U.S. regulation and geopolitical tensions may continue weighing on the crypto market, industry experts told Forkast.
Zoltan Vardai
Bitcoin News
Bitcoin and Ether rose during Asian trading hours on Friday, while the top 10 non-stablecoin cryptocurrencies by market capitalization closed mixed. The SOL token saw the biggest gain. Asian equity markets strengthened after the Chinese central bank boosted short-term cash injections for the 11th day.
Zoltan Vardai
Regulation
Arthur Yuen, Deputy Chief Executive of the Hong Kong Monetary Authority, urged local lenders to provide banking services to regulated crypto firms.
Tom Zuo
Compliance Challenges
Binance said it has more than 700 employees in its compliance team, which includes 170 staff working to combat crypto fraud.
Danny Park
