Regulation
India, UAE to collaborate on cross-border central bank digital currencies
The Indian central bank and the UAE will jointly run pilot programs on their central bank digital currencies, according to the Reserve Bank of India.
Dylan Butts
Forkast
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Most recent
Bitcoin News
Bitcoin, Ether, Forkast 500 NFT index fall; euros rises amid Credit Suisse’s loan
Bitcoin and Ether declined by the end of Asian trading hours on Thursday afternoon, with all the top 10 non-stablecoin cryptocurrencies also falling, apart from Binance’s BNB.
Zoltan Vardai
Regulation
Ripple executives say XRP lawsuit ruling will have little impact on global business operations
The court ruling in a lawsuit brought by the SEC against Ripple will have minimal impact on the company’s business, APAC policy director Rahul Advani said.
Danny Park
Regulation
South Korea cranks up pressure to extradite Do Kwon, founder of failed Terra-Luna stablecoin
South Korean prosecutors said they will expand cooperation with overseas legal agencies to facilitate the arrest and extradition of Do Kwon.
Danny Park
Bitcoin News
Bitcoin, Ether drop, other top cryptocurrencies retreat as bank liquidity concerns rise
Bitcoin and Ether dropped in Thursday morning trading in Asia along with most other leading tokens amid broader concerns about bank liquidity.
Tom Zuo
Regulation
What the crypto industry should do to rebuild public trust
Many crypto users see losses as the cost of doing business. In fact, we can and must improve the sector’s deficiencies, writes Pelle Brændgaard of Notabene.
Pelle Brændgaard
Blockchain Security
Web3 crowdfunding launchpad Poolz Finance hacked for US$390,000 on BSC, Polygon
Poolz Finance, a cross-chain crowdfunding launchpad for Web3 projects, has been exploited for US$390,000 worth of digital assets
Zoltan Vardai
Regulation
Circle’s USDC bounces back after Silicon Valley Bank bust
Top blockchain and crypto news: USDC stabilizes after SVB collapse. Silvergate closes shop. China tightens financial supervision.
Forkast.News
Regulation
Voyager-Binance.US’ $1 bln deal should be put on hold, says U.S. Department of Justice
A deal valued at over US$1 billion between Binance.US and Voyager should be put on hold while key legal objections are worked out, says U.S. government.
Dylan Butts
Bitcoin News
Bitcoin, Ether, Forkast 500 NFT index extend gains; U.S. banking crisis concerns ease as inflation slows to 6%
Bitcoin and Ether rose on Wednesday afternoon in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Solana and Polygon were the biggest gainers, both rising above 5% in the last 24 hours.
Pradipta Mukherjee
Regulation
Anchorage Digital lays off 20% of staff amid low NFT demand, says bank unit not affected
Digital asset platform Anchorage Digital will lay off 75 employees as it restructures to meet regulation challenges.
Danny Park
Regulation
New York regulator says Signature Bank closure ‘nothing to do’ with cryptocurrencies: Reuters
The decision to shut down Signature Bank at the weekend was not related to cryptocurrencies, the New York regulator told Reuters on Tuesday.
Timmy Shen
Altcoins
Bitcoin, Ether continue run up; Solana, Dogecoin lead gainers; U.S. equities rebound
Bitcoin and Ether continued strong price gains, with most of the top 10 non-stablecoin cryptocurrencies logging advances for the past seven days.
Tom Zuo
Regulation
Binance suspends pound sterling services for U.K. customers as payment provider backs out
Binance, the world’s largest cryptocurrency exchange, announced that it is halting its British pound deposits and withdrawals.
Valida Pau
Bitcoin News
Bitcoin breaks US$26,000 as inflation cools in February
Bitcoin, the world’s largest cryptocurrency, rallied past the US$26,000 mark at 09:15 p.m. in Hong Kong, shortly after the release of the United States Consumer Price Index (CPI)
Zoltan Vardai
Regulation
India imposes money laundering regulations on crypto industry
India’s crime fighting agencies have been investigating crypto exchanges and individuals on money laundering charges and have now put the onus on exchanges to report suspicious transactions.
Pradipta Mukherjee
Bitcoin News
Bitcoin, Ether extend gains as U.S. regulators take charge of banking industry turmoil
Bitcoin and Ether rose the most in the top 10 non-stablecoin cryptocurrencies by market capitalization on Tuesday afternoon in Asia. Cryptocurrencies have been on a rebound since U.S. regulators took charge of the failures in the banking industry and moved to protect deposits across crypto-linked banks.
Pradipta Mukherjee
Regulatory News
China regulator says NFT-related complaints skyrocketed in 2022
Amid the NFT hype in 2022, Chinese buyers' complaints about NFT scams and price manipulations surged 30,000% to 59,700 from 198 in the year before.
Tom Zuo
NFT Marketplaces
Meta plans to wind down NFT initiatives on Facebook, Instagram to focus on other services
Meta Platforms, the parent company of Facebook and Instagram, will wind down its non-fungible token operations on both social media services.
Danny Park