Bitcoin flirts with US$40K as Fed stamps highest rate hike in 22 years

Total cryptocurrency market capitalization rose by 5.4% as the U.S. Federal Reserve announced it is raising interest rates by 50 basis points, the sharpest since 2000. See related article: Has Bitcoin become a victim of its own success? Fast facts The increase creates a target range of between 0.75% and 1% following a 25 basis […]

Wildlife conservatory Australia Zoo announces NFT project with Algorand

Australia Zoo, a wildlife conservatory related to the family of noted conservationist Steve Irwin, has announced a non-fungible token (NFT) series on the green blockchain Algorand to celebrate the 20th anniversary of its Wildlife Warriors conservation project.  See related article: Algorand becomes 2022 Qatar World Cup’s new blockchain partner Fast facts Created in partnership with […]

S.Korea’s incoming administration pushes to end ICO drought

South Korean president-elect Yoon Suk-yeol’s administration has included approval of initial coin offerings (ICOs) among its 110 national tasks announced Monday. See related article: Crypto is presidential election campaign issue for South Korea Fast facts The right-wing government will prepare a two-lane regulatory framework for ICOs by classifying digital assets as securities and non-securities. The […]

Clearpool launches US$25 mln permissioned liquidity pool with Jane Street, BlockTower Capital

Decentralized finance (DeFi) lending protocol Clearpool announced Tuesday the launch of a permissioned liquidity pool in partnership with quantitative trading firm Jane Street and crypto and blockchain investment firm BlockTower Capital. See related article: Nexo and Fidelity Digital Assets expand institutional lending services Fast facts The liquidity pool has been funded with US$25 million worth […]

S.Korean KakaoBank considers crypto exchange partnerships

South Korean digital bank KakaoBank announced on Tuesday at its quarterly business performance conference it is reviewing a partnership with a local cryptocurrency exchange. See related article: South Korean banks seek green light on crypto Fast facts “As [crypto] is considered a major asset amongst customers, we are reviewing how we can provide virtual assets […]

MakeMyTrip launches NFT collection of top Indian travel spots

Indian online travel company MakeMyTrip has launched a non-fungible-token (NFT) collection of Indian tourist destinations, becoming the first Indian travel brand to step into the NFT space.  See related article: Is there a future for the NFT beyond digital art? Fast facts The NFT collection “Virtual Vacations!” aims at bringing to life “a kaleidoscopic meta-world […]

The SEC is building a SWAT team to combat crypto crime

The Securities and Exchange Commission (SEC) said it is expanding its crypto asset enforcement team by adding 20 positions, in a move to bolster its efforts to combat cybercrime associated with cryptocurrency. See related article: Peirce dissents from SEC’s US$100M BlockFi settlement Fast facts The SEC on Tuesday said that its staff strength in a […]

MicroStrategy posts Q1 revenue loss amid falling Bitcoin price

MicroStrategy Inc., the world’s largest corporate holder of Bitcoin, reported a total revenue of US$119.3 million in Q1, a 2.9% year-over-year decrease. See related article: Terra’s US$10 billion Bitcoin Bet Sends LUNA to Record High Fast facts As of March 31, MicroStrategy’s 129,218 BTC under management had a carrying value of US$2.896 billion and a […]

Kraken launches gas-free NFT marketplace

Global cryptocurrency exchange Kraken has announced the launch of its non-fungible token (NFT) platform, joining exchanges such as Binance and FTX to do so. See related article: NFT Marketplace Competition Heats Up Fast facts Sellers can list their NFTs in cryptocurrencies supported by Kraken, or in fiat currencies, such as USD, EUR, CAD, GBP and […]

After crypto, India wants to come after DeFi

The Indian government is exploring ways to levy additional taxes on interest earned on cryptocurrencies through decentralized finance (DeFi) platforms located outside India, according to an Economic Times report. See related article: India tax breaks crypto’s back Fast facts The government wants to impose a 20% tax deducted at source (TDS) or factory-gate levy for […]

Ethereum’s year-end price outlook lowered

A panel of 36 industry experts revised down the year-end price target set for the world’s second-largest cryptocurrency by more than 11%, according to a report by Finder, an Australian fintech. See related article: Ethereum price expected to hit $7,609 in 2022: report Fast facts Ethereum’s price is expected to rise to US$5,783 by the […]

S.Korea finance minister nominee wants to delay crypto tax for two years

Choo Kyung-ho, the yet-to-be-confirmed nominee for deputy prime minister and finance minister, said Monday a planned 20% tax on capital gains from digital asset investments and stock market investment should be pushed back until January 2025. See related article: South Korea’s 20% tax on virtual asset gains is postponed Fast facts During a National Assembly […]

Hockenheimring racetrack joins Animoca Brands’ REVV ecosystem

Blockchain unicorn Animoca Brands said it has signed a licensing deal to include the Hockenheimring Baden-Württemberg racetrack in its REVV Motorsport ecosystem of play-to-earn racing games. See related article: Need for Speed gets Hong Kong’s Animoca in driver’s seat Fast facts Animoca Brands will mint and sell non-fungible tokens (NFTs) that represent partial ownership of […]

Solana struggles under US$90 while NFT sales surge higher

Following a network outage over the weekend, Solana continued to trade below US$90 at 12 p.m. HKT on Tuesday, although Solana’s non-fungible token (NFT) secondary sales rebounded sharply, rising more than 95% in the past 24 hours. See related article: Solana loses consensus after bots flood network, SOL takes hit Fast facts Solana was trading […]

Square Enix sells Tomb Raider and other titles, raising cash for blockchain ventures

Japanese gaming giant Square Enix announced Monday that it is selling three of its gaming studios to Sweden-based Embracer Group for US$300 million and will use the funds for new businesses in blockchain technology, artificial intelligence and the cloud. See related article: Japan’s Square Enix reveals blockchain gaming ambitions for 2022 Fast facts Square Enix […]

Indian crypto exchanges ordered to record customer data for five years

The Indian Ministry of Electronics and IT has issued a new directive that requires cryptocurrency exchanges to collect and preserve a wide range of client data for five years, 60 days after the date of issuance on April 28.  See related article: Indians see future in crypto, government sees revenue, FM says Fast facts “During […]

Bitcoin lobbyists rebut ‘misconceptions’ over environmental impact

Signed by MicroStrategy’s Michael Saylor, Castle Island Ventures’ Nic Carter and Block’s Jack Dorsey, the Bitcoin Mining Council’s (BMC) letter to the Environmental Protection Agency (EPA) sought to respond to legislators’ “serious concerns.” See related article: Almost 60% of Bitcoin mining now on sustainable energy: BMC Fast facts BMC’s letter was written in response to […]

Algorand becomes 2022 Qatar World Cup’s new blockchain partner

The Algorand network has signed a deal to become the official blockchain technology partner of the 2022 FIFA World Cup in Qatar, and the 2023 Women’s World Cup in Australia and New Zealand. See related article: What is Algorand and why is it a blockchain to watch? Fast facts Algorand will assist FIFA in developing […]

Canada’s 3iQ could be first to launch Australian crypto ETF

Last-minute delays to three Australian cryptocurrency exchange-traded funds (ETFs) could allow Toronto-based 3iQ Digital Asset Management to launch the first of such products in the country, the Australian Financial Review reported. See related article: Launch of three crypto ETFs in Australia delayed Fast facts The Canadian firm lodged disclosure documents with the Australian Securities and […]

BTC Markets partners with Australian Fashion Week for couture NFT

Australian crypto exchange BTC Markets Pty Ltd has partnered with the 2022 Australian Fashion Week (AFW) in launching a couture dress as a non-fungible token (NFT) in collaboration with local designer Daniel Avakian. See related articles: How high fashion is waking up to blockchain’s possibilities Fast facts The dress will be displayed physically during the […]

Wikimedia Foundation to no longer accept crypto donations

The Wikimedia Foundation (WMF), the organization that runs the online encyclopedia Wikipedia, will no longer accept donations in the form of cryptocurrency, the foundation announced Sunday. See related article: Ukraine crypto donations top $36M amid Russian invasion Fast facts The decision follows a vote concluded on April 12 where over 70% of the community voted […]

Solana loses consensus after bots flood network, SOL takes hit

Solana suffered another outage on Sunday Asia time, after the network lost consensus due to bots flooding the non-fungible token (NFT) minting tool “Candy Machine,” spamming more than six million transactions per second.  See related article: Solana DeFi avoids meltdown as Wormhole loss replaced Fast facts The network was down for about seven hours before […]

Yuga Labs Otherside NFTs top US$285 mln; over US$175 mln in ETH gas guzzled

Yuga Labs’ long-awaited metaverse project Otherside debuted on Saturday in a non-fungible token (NFT) land sale to generate US$285 million but also clogged the Ethereum network to cost investors millions in gas fees. See relates article: Bored Apes creator to launch new metaverse ‘Otherside’ Fast facts Traders snapped up a limited supply of 55,000 “Otherdeeds” […]

John Legend’s OurSong raises US$7.5 mln to fuel music NFTs

Our Happy Company, cofounded by musician John Legend, has raised US$7.5 million in its seed round, as the company looks to expand its music non-fungible token (NFT) platform OurSong. Watch explainer: What does Music have to do with NFTs? Fast facts The financing round was led by Infinity Ventures Crypto and Animoca Brands, the company […]

Ethereum’s revenue falls by 44% as average gas fee drops 88% on quarter: Q1 report

Ethereum’s network revenue from gas fees totaled US$2.4 billion in the first quarter of 2022, down 44% from US$4.34 billion in Q4 2021, while 87% of the revenue, or around US$2.1 billion worth of ETH tokens, were burned, according to Bankless’ Q1 report of the blockchain. See related article: Amount of Ether burnt since EIP […]

Samsung Asset to list blockchain ETF in Hong Kong: report

South Korean asset manager Samsung Asset Management is reportedly set to list a blockchain exchange-traded fund (ETF) on the Hong Kong stock exchange (HKEX), local media reported on Thursday. See related article: South Korea’s largest financial group mulls crypto ETFs Fast facts The ETF set to list in Hong Kong will have the identical structure […]

Chinese streaming service Bilibili debuts NFTs for foreign buyers

Bilibili, a video streaming platform popular with China’s Generation Z, Thursday announced a batch of Ethereum-based non-fungible tokens (NFTs) for sale overseas. See related article: Resist the temptation on NFTs, Chinese state-backed developer says Fast facts Bilibili said the NFTs will be a series of auto-generated characters with different features such as faces, clothes, skin […]

Flipkart launches innovation lab to explore future of e-commerce

Flipkart, the Indian e-commerce marketplace, plans to explore Web 3.0 and metaverse use cases including non-fungible-tokens, virtual storefronts, play-to-earn and other blockchain technologies under its new initiative, Flipkart Labs, the company said.  See related article: Chinese e-commerce giant JD.com offers NFTs despite state media criticisms Fast facts Flipkart Labs, based in Bengaluru, will also serve […]

Three Arrows Capital to ditch Singapore for Dubai

Three Arrows Capital, a cryptocurrency trading and hedge fund manager, is moving its headquarters to Dubai from Singapore, becoming the latest among a growing number of firms looking to expand their presence in the Middle East. See related article: Dubai could be crypto’s promised land, Citi says Fast facts Su Zhu, cofounder of Three Arrows […]

Goldman Sachs offers first Bitcoin-backed loan

Goldman Sachs Group Inc. offered its first Bitcoin-backed loan, setting another milestone in Wall Street’s cryptocurrency adoption, Bloomberg reported on Friday. See related article: Crypto milestone on Wall St.: Goldman Sachs makes OTC Bitcoin trade  Fast facts The cash loan’s Bitcoin collateral was owned by the borrower, according to the Bloomberg report. The banking giant […]

ApeCoin cracks US$26, now largest metaverse token ahead of Otherside

ApeCoin (APE) set a new high at US$26.70 on Friday morning Asia time, and is now the largest metaverse token by market cap, ahead of the launch of the Otherside on Saturday.  See related article: What is ApeCoin and How It Made The Bored Apes Richer Fast facts The APE ecosystem’s governance token was trading […]

South Korean crypto CEO, soldier, sold military secrets to North Korea for Bitcoin

The Seoul Central District Prosecutor’s Office has indicted a local executive from a cryptocurrency investment firm and an active-duty military officer for violating the National Security Act by leaking military secrets to a North Korean hacker in exchange for Bitcoin and other cryptocurrencies, according to the prosecutor’s investigation report shared with Forkast. See related article: […]

Crypto regulation has to ‘take its time’: India FM Nirmala Sitharaman

Regulating crypto will take time to ensure the government takes a considered approach, Indian finance minister Nirmala Sitharaman said at Stanford University on Wednesday. See related article: Indians see future in crypto, government sees revenue, FM says Fast facts “We recognize that there is a lot of potential and already well-grounded progress made in the […]

Tax authorities in China jump onto NFT bandwagon

More state departments in China are embracing NFTs, with tax bureaus in Shanghai and Chengdu releasing tokens based on Tencent’s blockchain. See related article: ‘Voice of April’ NFTs highlight Shanghai’s struggles amid harsh lockdown Fast facts Shanghai will drop 2,000 NFTs themed on its tax office mascot on Friday. Chengdu’s tax office dropped 1,000 NFTs […]

Philippines central bank to trial wholesale CBDC

Bangko Sentral ng Pilipinas (BSP) will launch a wholesale central bank digital currency (CBDC) pilot project, coined CBDCPh, as part of its efforts to promote the stability of the country’s payment system. See related article: Report: Stablecoins, CBDCs may not resolve financial inclusion, international remittance challenges Fast facts The central bank’s pilot will test the […]

South Korean police arrest man behind NFT sale of cat-like character CatSle

The Seoul Metropolitan Police Agency’s cyber bureau has arrested a 26-year-old man for allegedly defrauding nine investors of 210 million KRW (US$165,798) over the sale of non-fungible tokens (NFTs) of a cat-like character named CatSle. See related article: S.Korean regulators to strengthen watch over NFTs and the metaverse Fast facts According to the police, the […]

Singapore grants in-principle license to Revolut

The Monetary Authority of Singapore (MAS) has granted in-principle approval to fintech firm Revolut to offer digital payment token (DPT) services under the Payment Services Act, according to media reports. See related article: Caught between a rock and a hard place, Singapore tightens crypto oversight Fast facts Revolut Technologies Singapore Pte. Ltd. (RTS) is already […]

Bitcoin mining difficulty hits new high in latest adjustment

Bitcoin mining difficulty reached yet another all-time high on Wednesday, logging a 5.56% increase from the last adjustment two weeks ago. See related article: Almost 60% of Bitcoin mining now on sustainable energy: BMC Fast facts The mining difficulty level is now at 29.79 trillion at block height 733,824, after it saw a drop of […]

Bitcoin officially legal tender in Central African Republic

The Central African Republic (CAR) became the second country in the world — and the first in Africa — to adopt Bitcoin as legal tender on Wednesday. See related article: What does El Salvador’s new Bitcoin law mean for crypto markets? Fast facts President Faustin-Archange Touadera on Wednesday approved the bill regulating cryptocurrencies, which passed […]

Hong Kong flirts with e-HKD as it talks of marriage with e-CNY

The city’s de facto central bank Wednesday sought public consultations on the e-HKD, as the Hong Kong Monetary Authority (HKMA) chief expressed concerns on a retail digital Hong Kong dollar intensifying competition in the retail payments space. See related article: Hong Kong to press ahead with digital dollar, e-CNY plans Fast facts Public acceptance of […]

More than US$500 mln of crypto longs liquidated so far this week

At least US$516 million worth of long positions in cryptocurrencies have been liquidated this week, according to data from Coinglass. See related article: Bitcoin long positions worth $1.5 billion liquidated amid crypto crash Fast facts The crypto liquidation comes as the Nasdaq closed at its lowest since late 2020. Bitcoin accounted for more than US$142 […]

China expands digital yuan trial to cover tax, social security, toll gates

China has broadened the range of public services and the number of cities included in its digital yuan pilot project underway in the provinces of Zhejiang and Fujian. See related article: Chinese state media calls for wider e-CNY adoption Fast facts Six cities in Zhejiang province have begun experimenting with digital RMB payments for personal […]

New York State Assembly votes to pause crypto mining

The New York State Assembly said it passed a cryptocurrency mining moratorium bill on Tuesday, blocking new permits and expansion for proof-of-work (PoW) mining facilities using carbon-based energy sources.  See related article: New York’s Bitcoin mining showdown sets stage for battles elsewhere Fast facts The bill needs approval by the New York State Senate. Existing […]

Kraken gets Abu Dhabi nod to offer full services in MENA

The Abu Dhabi Global Market (ADGM) Monday said it granted a full license to the global cryptocurrency exchange, allowing it to service customers across the Middle East and North Africa region. See related article: Dubai could be crypto’s promised land, Citi says Fast facts The license from the Financial Services Regulatory Authority (FSRA) of ADGM […]

New US$1B crypto fund lands backing from a16z, Solana founders

Former Microsoft strategist Joe McCann’s new crypto fund Asymmetric has gained backing from a16z’s Marc Andreessen and Solana cofounders Anatoly Yakovenko and Raj Gokal, The Block reported. See related article: KuCoin launches $100 mln fund for NFT projects Fast facts Asymmetric is aiming to raise US$1 billion to be split into a venture investment fund […]

Binance launches crypto card for Ukrainian refugees

Binance has partnered with European banking service provider Contis to launch a crypto card for Ukrainian refugees, enabling crypto payments in the European Economic Area for those displaced by the war. See related article: Russians turn to crypto as Western sanctions hit the ruble Fast facts Kirill Khomyakov, Binance’s Ukraine general manager, said the crypto […]

Almost 60% of Bitcoin mining now on sustainable energy: BMC

The Bitcoin Mining Council, a voluntary forum of cryptocurrency mining companies supported by Michael Saylor’s MicroStrategy Inc., said its latest quarterly survey showed the global Bitcoin mining industry is relying more on electricity from sustainable sources.  See related article: Can Ethereum’s proof-of-stake transition save the planet? Fast facts The global Bitcoin mining industry had a […]

US charges two Europeans with helping N.Korea evade sanctions with crypto

The U.S. Department of Justice (DOJ) says it has charged Spaniard Alejandro Cao de Benos and U.K. citizen Christopher Emms with allegedly assisting former Ethereum developer Virgil Griffith in presenting the uses of crypto to avoid U.S. sanctions against the Democratic People’s Republic of Korea (DPRK). See related article: Former Ethereum developer Virgil Griffith gets […]

Binance may set up shop in G-7 country in Europe, says founder CZ

The world’s largest crypto exchange may soon establish a regulated entity in a G-7 nation in Europe, Binance founder and CEO Changpeng Zhao said Tuesday at the Financial Times Crypto and Digital Assets Summit. See related article: Binance wants to play ball with regulators Fast facts Zhao said Binance already has a standard corporate structure […]

55,000 Meta Cricket League NFTs sell out in nine minutes

Jump.trade, a gaming non-fungible token (NFT) marketplace by GuardianLink, sold 55,000 Meta Cricket League (MCL) collectibles within nine minutes of launching on Friday, Economic Times reported. See related article: NFTs are leveling up gaming and not all about money Fast facts Priced at $25 each, the Super Loot NFTs marked GuardianLink’s foray into the artificial […]

Fireblocks provides institutional investors access to Terra DeFi

Fireblocks, a digital asset custody platform, says its institutional clients can now access decentralized applications supported by Terra’s decentralized finance (DeFi) ecosystem, the No. 2 protocol behind Ethereum. See related article: Late digitization is Asia’s edge in crypto, says Fireblocks CEO Fast facts Institutional users can now access decentralized applications built on Terra such as […]

Bitcoin, stocks fall as US dollar hits two-year high; Doge concedes top 10

Crypto and stock markets tumbled as the U.S. dollar rallied to its highest point since March 2020 amid concerns of looming interest rate hikes at the U.S. Federal Reserve. See related article: Is Bitcoin really a hedge against inflation? Fast facts The U.S. stock market fell with Nasdaq dropping by 4% on Tuesday over concerns […]

Fidelity allows retirement investments in Bitcoin

Fidelity, one of the largest providers of 401(k) retirement plans in the U.S., is allowing participants to invest a piece of their retirement portfolio into Bitcoin, provided the employers allow it. See related article: Nexo and Fidelity Digital Assets expand institutional lending services Fast facts Fidelity introduced a digital assets account to hold Bitcoin, integrating […]

Zombie Zoo Keeper, Pen-Pineapple-Apple-Pen maker team up for PikoZoo NFT

Pikotaro, the Japanese singer-songwriter and creator of the 2016 global sensation Pen-Pineapple-Apple-Pen (PPAP), is teaming up with famed nine-year-old non-fungible token (NFT) artist Zombie Zoo Keeper to create a unique NFT project. See related article: Japan’s messenger app LINE launches NFT marketplace Fast facts The new music video, named “Zombie Zoo to PIKOTARO DESU,” will […]

Bored Apes Instagram hack nets millions in stolen NFTs

Bored Ape Yacht Club’s (BAYC) official Instagram profile was hacked to promote a fraudulent phishing link to scam millions of dollars worth of non-fungible tokens (NFTs) from victims on Monday.  See related article: Why NFT scams are on the rise — and how to stop them Fast facts OpenSea, the largest NFT marketplace, has banned […]

S.Korean music sharing platform to use NFTs for copyright protection

Koong World has been awarded a South Korean patent that utilizes non-fungible tokens (NFTs) and sound source information to enable artists to upload and share their works on its platform without fear of copyright infringement. See related article: What does Music have to do with NFTs? Fast facts The Korean Intellectual Property Office awarded Koong […]

BlockBar and Monkey Shoulder partner for BAYC exclusive NFTs

BlockBar, a luxury liquor brand non-fungible token (NFT) marketplace, has partnered with whiskey distiller Monkey Shoulder on a range of exclusive collectibles for Bored Ape Yacht Club (BAYC) and BlockBar NFT holders. See related article: Hic Hic Hurray! Scottish distillery Ardbeg to release limited-edition whiskey NFTs Fast facts BlockBar will allow 10 BAYC owners to […]

University of the Philippines Twitter account hacked to promote NFT drop

Non-fungible token (NFT) scammers took control of the University of the Philippines’ official Twitter account on Monday evening, posting several tweets promoting a fake airdrop.  See related article: Twitter hacker takes over verified accounts to promote fake Azuki NFT drop Fast facts The attackers renamed the Twitter account to “takashi murakami” — the name of […]

Chinese streaming service Bilibili enables NFT transfers

Bilibili, a video streaming platform popular with China’s Generation Z, Monday enabled non-fungible tokens (NFTs) to be transferred between users, becoming the second major Chinese tech firm to allow NFT transfers after Alibaba. See related article: China state-backed paper’s NFTs surge in price on second-hand market Fast facts Bilibili requires a 30-day gap between each […]

Indian farmers’ protest NFTs find no takers on OpenSea

Editor’s Note: A previous version of this report stated the NFT proceeds will be donated to NGO Atam Pargas. The NGO has reached out to Forkast to clarify it is not associated with the NFT project. Lekh-Haq, the organizer of the NFT has confirmed this correction to Forkast. Indian journalists and filmmakers launched farmers’ protest […]

Twitter accepts Musk’s US$44B bid, sends Dogecoin to crypto top 10

Dogecoin is back in the crypto top 10 after Twitter accepted Tesla CEO Elon Musk’s US$44 billion offer to purchase the social media platform. See related article: Will the dog have its day on Doge Day? Fast facts The world’s leading memecoin reached a high of US$0.1677 before retreating slightly, its highest point since Musk […]

Indian banks ask for clarity on use of UPI for crypto assets

India’s leading banks have asked the National Payments Corporation of India (NPCI) to issue a formal directive that explains the curbs on money transfers using the Unified Payments Interface (UPI) for trading in virtual digital assets. See related article: Coinbase snafu sets the cat among the crypto pigeons in India Fast facts Indian banks had […]

OCBC Bank joins MVGX in push to help firms go carbon neutral

Singapore’s OCBC Bank has partnered with MetaVerse Green Exchange (MVGX) to develop financial solutions, including tokenized carbon credits, to help large corporations offset their carbon emissions, according to a statement. See related article: Crypto exchange Gemini buys carbon offsets, pledges carbon-neutrality Fast facts The tokenized carbon credits, due to launch later this year, will use […]

Grayscale fancies SEC green light for Bitcoin spot ETF

The cryptocurrency investment firm has stepped up its lobbying efforts with the U.S. regulator following its recent nod to a Bitcoin futures ETF. See related story: SEC comes around on Bitcoin ETFs Fast facts Grayscale’s lawyers have written to the Securities and Exchange Commission saying that its application for a Bitcoin spot exchange-traded fund (ETF) […]

China’s sports brand Li Ning to showcase Bored Ape Yacht Club

Li Ning, a leading Chinese sportswear and equipment company headquartered in Beijing, is set to release a line of clothing featuring images of the Bored Ape Yacht Club #4102, as the brand looks to take advantage of the growing popularity of non-fungible tokens (NFTs). See related article: Chinese Communist Party paper to “develop” NFTs Fast […]

Axie Infinity hack proceeds continue to be laundered despite US sanctions

The Lazarus Group, the North Korean hacking group linked to the US$600 million Axie Infinity hack in March, is still laundering funds stolen from the hack despite sanctions imposed by the U.S.  See related article: Axie Infinity blockchain Ronin hacked for over $600M Fast facts Despite U.S. sanctions, North Korean hackers have been freely laundering […]

Cryptocurrency investors in South Korea catch a break on ‘Travel Rule’

A month after South Korea adopted the Financial Action Task Force’s (FATF) travel rule, two solution providers VerifyVASP and CODE have linked their services on Monday to allow seamless access to exchanges for investors. See related article: DeFi, NFT access at stake as FATF travel rule takes effect in South Korea Fast facts The FATF […]

Hangzhou races to showcase digital yuan at Asian Games

Preparing to show off the capabilities of the digital yuan at the Asia Games is a priority from April to August, despite high possibilities of a delay in the event itself. See related article: Asian Games set for digital yuan, metaverse pilots, tech firm claims Fast facts China wants to showcase the digital yuan at […]

Hong Kong’s subway operator plans virtual station in metaverse

Hong Kong rail operator MTR Corporation announced Thursday that it will partner with The Sandbox on a metaverse project to build a subway-themed virtual world theme park. See related article: Sandcastles in cyberspace and the rise of the metaverse Fast facts The rail operator said it will partner with The Sandbox, a subsidiary of Animoca […]

Pudgy Penguins’ NFT sales surge 500% on mystery map

Sales volume of the popular non-fungible token (NFT) series shot up about 519% in the past 24 hours, according to CryptoSlam data, after Pudgy Penguins teased an Antarctic map that resembles a gaming metaverse. See related article: New owner gives Pudgy Penguins NFTs happy feet Fast facts Penguin fans speculate the project is hinting at […]

Binance hires former British regulator for compliance role

The world’s biggest cryptocurrency exchange hired former Financial Conduct Authority official Steven McWhirter as a director of regulatory policy to better manage its compliance function.  See related story: Binance wants to play ball with regulators Fast facts McWhirter will lead the global regulatory policy team for Binance and brings over 20 years of experience in […]

South Korea approves fifth cash-to-crypto exchange

South Korea’s Financial Intelligence Unit (FIU) Thursday said it approved GOPAX as the country’s fifth digital asset exchange to provide cash-to-crypto services. See related article: South Korea’s crypto crackdown: What you need to know Fast facts Cash-to-crypto services on GOPAX starts Apr. 28. Last September, South Korea mandated strict licensing requirements for crypto exchanges to […]

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