Forkast
Altcoins
South Korean prosecutors on Tuesday indicted Terraform Labs co-founder Daniel Shin for alleged fraudulent transactions related to the collapse of the Terra-Luna crypto project.
Danny Park
Altcoins
Ethereum-linked digital asset investment products saw inflows of around US$17 million in the week ending April 21, up from US$300,000 in the previous week, appearing to show investor confidence following the blockchain’s milestone upgrade, Coinshares report shows.
Timmy Shen
Regulation
Coinbase sued the U.S. SEC on Monday, asking that a court require the regulator to publicly respond to the Coinbase July 2022 petition asking for clearer crypto regulation guidelines.
Valida Pau
Bitcoin News
Bitcoin fell below US$27,500 support on Tuesday morning in Asia. Ether and most other top 10 tokens traded lower amid a broader correction.
Tom Zuo
Dapp Development
People won't want to bother with a new technology if it's painful to use, even if they’re aware of the potential benefits, writes Toby Rush of Redeem.
Toby Rush
Expert Interviews
Japan's welcome mat for Web3 is shifting the tone from "buzzword" to opportunity, but success will hinge on the authorities adopting a global, flexible view toward this new technology, says Yudai Suzuki, co-founder of Fracton Ventures.
Forkast.News
Bitcoin News
Russia is now the second largest Bitcoin miner after the U.S., according to a report by Russian media Kommersant.
Pradipta Mukherjee
Altcoins
PEPE, a memecoin launched on April 14, fell 18.81% to US$0.0000002626 in the 24 hours to 7 p.m. on Monday in Hong Kong. The coin is still up over 392% on the weekly chart and has a market capitalization of US$116 million, according to DEXTools.
Zoltan Vardai
Bitcoin News
Bitcoin extended losses in Monday afternoon trade in Asia, along with all top 10 non-stablecoin cryptocurrencies by market capitalization, with Solana and Polygon as the biggest losers.
Pradipta Mukherjee
Regulation
India’s Finance Minister Nirmala Sitharaman, in commending the potential of distributed ledger technology (DLT), has urged for a global consensus in regulating crypto while emphasizing that regulation did not equate to government control over the technology.
Pradipta Mukherjee
Regulatory News
A clear and balanced legal framework will encourage more crypto investment, while the industry can promote best practices, writes Mahin Gupta of Liminal.
Mahin Gupta
Bitcoin News
State employees in China's Changshu City will receive their salaries in digital yuan from May, as China’s CBDC expands in daily uses.
Tom Zuo
Regulation
Kwon Do-hyeong will have a court hearing on May 11 in Montenegro on charges of allegedly attempting to travel using a false passport.
Danny Park
Bitcoin News
Bitcoin rose on Monday morning in Asia but was boxed in below US$28,000. Ether and most other top 10 tokens gained, but not by enough to erase losses for the past week.
Tom Zuo
Altcoins
A new memecoin craze is raising Ethereum transaction fees, but it's also bringing new liquidity in for non-fungible tokens.
Yohann Calpu
Bitcoin News
Bitcoin fell to US$28,000 in the same week the European Parliament passed its landmark crypto framework. Industry analysts told Forkast that holding US$27,500 will be crucial for Bitcoin in order to spark an upward momentum.
Zoltan Vardai
Regulatory News
The UAE's registration authority of Abu Dhabi Global Market is seeking feedback on its proposed legislative framework for distributed ledger technology, which will focus on disclosures, liquidation, and governance structures, according to a report by CoinDesk
Forkast.News
Bitcoin News
Mempool congestion issues subsided after the Bitcoin network surpassed 1 million Ordinals inscriptions.
Zoltan Vardai
NFTs and Art
Leading auction house Sotheby’s said it will sell NFT artworks owned by the bankrupt crypto hedge fund Three Arrows Capital.
Danny Park
