Forkast
Regulatory News
The Bank of England may set limits on use of stablecoins, citing concern rapid introduction of such digital currencies could lead to financial instability, Deputy Governor Jon Cunliffe said in a speech on Monday.
Valida Pau
Regulation
The founder of Terraform Labs, Do Kwon, reportedly retained a law firm in South Korea before the April 14 wipeout in TerraUSD's value, according to a Bloomberg report.
Forkast.News
Altcoins
Bitcoin dropped on Monday afternoon in Asia and continued to trade below US$30,000. Cardano led losers among top 10 non-stablecoin cryptocurrencies in a mixed market. Solana led gains, followed by Binance’s BNB token and memecoin Dogecoin.
Pradipta Mukherjee
Advanced Blockchain Technologies
In this era of disinformation and deep fakes, what can blockchain technology do to safeguard the truth about humanity’s shared past?
Allen Alishahi
Regulation
The U.S. House Financial Services Committee is set to hold a hearing on April 19 to discuss a draft bill released over the weekend on regulating stablecoins, a class of digital currency designed to offer price stability by being pegged to another asset’s value.
Timmy Shen
Conference Summaries
The global culture of decentralized autonomous organizations arrived in Japan last week for DAO Tokyo, the first event of its kind in Asia according to the organizers, drawing over 350 founders and contributors from all corners of the world for discussions on all things DAO.
Forkast Labs
Regulation
SEC member Hester Peirce has criticized the regulatory agency for its proposal that seeks to expand the definition of an “exchange” to DeFi platforms.
Danny Park
Bitcoin News
Bitcoin dipped below US$30,000 in early Monday morning trading in Asia. Ether stalled after strong gains that followed last week’s blockchain upgrade.
Tom Zuo
Bitcoin News
Bitcoin moved within a couple of hundred dollars of the US$31,000 ceiling in trading later in the week as market sentiment improved after Ethereum’s successful upgrade to unlock staked Ether. The Ethereum token broke above US$2,000 on Friday. Weaker inflation readings out of the U.S. later in the week pushed recession worries off center stage and generated some demand for “risk-on” assets, including Bitcoin, with some crypto enthusiasts seeing US$32,000 as the next barrier to break.
Zoltan Vardai
Bitcoin News
Bitcoin continued its rally to near the US$31,000 mark in Friday afternoon trading in Asia. All other top 10 non-stablecoin cryptos gained, led by Ethereum.
Tom Zuo
Regulation
As part of its February settlement with the Securities and Exchange Commission (SEC), the U.S.-based Kraken crypto exchange has submitted the largest Ether withdrawal request since Wednesday’s upgrade to the Ethereum blockchain. The SEC ordered Kraken to shut down what it called unregistered staking programs.
Timmy Shen
Bitcoin News
Bitcoin rose higher in the US$30,000 band on Friday morning in Asia amid strong gains among the top 10 non-stablecoin cryptocurrencies. Ether led the winners.
Tom Zuo
Blockchain Security
Securing keys is an issue that has bedeviled the crypto world, as the $600M Ronin and $300M Wormhole heists have painfully shown. Is there a better way?
Hamilton Keats
Altcoins
Cardano NFT ecosystem sees a significant decline as users sell off top-tier projects for newer ones, according to Forkast CAR NFT Composite.
Forkast.News
Upcoming NFT Projects
Forkast Labs’ NFT indexes reveal Polygon's US$3 million incentive to move y00ts over to its blockchain may have cost its users.
Yehudah Petscher
Blockchain Security
A hacker took advantage of an old contract from Yearn Finance on Thursday to steal US$11.6 million in stablecoins.
Yohan Yun
Crypto Trading and Strategies
Twitter users will soon have access to stocks and cryptocurrency through a new partnership with eToro, a trading platform.
Forkast.News
Bitcoin News
Bitcoin and Ether rose during Asian trading hours on Thursday, along with all of the top 10 non-stablecoin cryptocurrencies by market capitalization. Ether rose the most, following the successful completion of the Shapella upgrade.
Zoltan Vardai
Regulation
Binance CEO Changpeng Zhao said regulators need to come up with clear crypto regulations and should understand that the crypto industry is different from the traditional financial industry.
Timmy Shen
