Conference Summaries
NFT.NYC is back to deliver the Woodstock of NFTs
The NFT industry is gathering at New York for NFT.NYC, but the overloading frequency of events could be causing "event fatigue."
Yehudah Petscher
Forkast
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Most recent
Market Trends
Equinix, Astra in pact to advance Indonesia’s digital infrastructure needs
Nasdaq-listed Equinix and Indonesian conglomerate Astra International have set up a joint venture to help local businesses and multinationals capitalize on emerging technologies.
Pradipta Mukherjee
Regulatory News
Common regulatory framework for crypto to come during India’s G20 presidency, finance minister says
A common regulatory framework for all countries is underway, India’s Finance Minister Nirmala Sitharaman said on Monday.
Pradipta Mukherjee
Bitcoin News
Bitcoin rises above US$30,000, Solana leads gains across top 10 cryptos
Bitcoin continued to rally past US$30,000, with Ether and all other top 10 non-stablecoin cryptocurrencies gaining in Tuesday afternoon trade in Asia. Solana was the biggest gainer at 11.09%.
Pradipta Mukherjee
Regulation
South Korean prosecutors to freeze US$5.36 million of Do Kwon’s assets, some in Switzerland
Seoul Southern District Prosecutors’ Office is in the process of freezing 7.1 billion won worth of assets that belong to Terraform Labs CEO Do Kwon.
Danny Park
Regulation
U.S. SEC committee urges ‘aggressive enforcement’ on crypto, says most tokens are securities
The U.S. SEC Investor Advisory Committee urged the federal agency to continue its aggressive enforcement on crypto players that offer unregistered securities.
Danny Park
Advanced Blockchain Technologies
Ex-chief of HKMA heads Hong Kong’s new Web3 institute
Hong Kong has established the Institute of Web 3.0 to facilitate the development of the crypto ecosystem in the city, directed by a former head of HKMA.
Tom Zuo
Altcoins
Ethereum blockchain upgrade unlocks US$34 billion in Ether, what does it mean for crypto prices?
The upcoming upgrade to the Ethereum blockchain will allow users to withdraw millions of “staked” Ether, the native cryptocurrency, for potential sale. That would typically indicate a flood of selling pressure awaits the token, but not everyone is buying that.
Timmy Shen
Bitcoin News
Bitcoin pops above US$30,000, Ether jumps, Solana gains, U.S. equities trade mixed
Bitcoin surged above US$30,000 on Tuesday morning in Asia to the highest in about 11 months, leading a rally of all top 10 non-stablecoin cryptocurrencies.
Tom Zuo
Web3 Development
The Web3 dilemma of data transparency vs. the need for user privacy — and a way to solve it
Storing personal information in a centralized place has been a honeypot for hackers, while decentralized identity allows for greater trust and data security, writes Caria Wei of Nuvo.
Caria Wei
Bitcoin News
Bitcoin surpasses 1 mln Ordinals inscriptions
The Bitcoin Network has recorded over 1.05 million Ordinals inscriptions within the first three months since launch.
Zoltan Vardai
Blockchain Security
S. Korean exchange GDAC hacked, loses around 23% of its assets
South Korean exchange GDAC has suspended withdrawals and deposits after losing over US$13.1 million in Bitcoin, Ether, Wemix and USDT in a hack.
Forkast.News
Bitcoin News
Bitcoin holds above US$28,000, Dogecoin rises most in top 10 cryptos
Bitcoin and Ether rose in Monday afternoon trade in Asia, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization.
Pradipta Mukherjee
DeFi News
DeFi has a trust gap. What can rebuild its credibility?
Traditional institutions are testing crypto waters, but given last year’s market carnage, it’s not easy to gain their confidence, writes Simon Schaber of Spool.
Simon Schaber
Market Trends
Hong Kong financial secretary eyes Web3 push despite market fluctuations
Paul Chan said it is the right time for the city’s Web3 push ahead of Hong Kong’s busy week of blockchain and finance gatherings.
Forkast.News
Altcoins
Bitget exchange starts US$100 mln fund to support ‘next-generation’ crypto projects
Bitget on Monday said it had launched a Web3 Fund with an initial investment of US$100 million to support development of cryptocurrency projects.
Danny Park
Regulation
FTX’s lack of financial controls complicates bankruptcy asset recovery, says legal filing
Former executives of the bankrupt crypto exchange FTX failed to install appropriate financial controls in the company, complicating the asset recovery process, the restructuring team of the failed exchange said.
Timmy Shen
Regulation
Arkansas joins Montana, Texas with bills on guidelines, protection for Bitcoin miners
Arkansas has joined Montana and Texas this year in proposing legislation to offer legal protections to companies operating crypto mining sites.
Danny Park
Bitcoin News
Bitcoin resumes rise, Ether gains ahead of upgrade, Dogecoin makes up some lost ground
Bitcoin resumed its rise above US$28,000 in Monday morning trading in Asia, a support level it has fluctuated around for most of April.
Danny Park
Altcoins
Thai opposition pledges US$15 bln in digital tokens: Bloomberg
Thailand's main opposition party said it would distribute US$15 billion worth of digital tokens to citizens if it wins the general election
Forkast.News