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
Contributor
Danny Park
Danny is a journalist at Forkast.News. Originally from South Korea, Danny has produced content for media companies in Korea, Hong Kong and China. He holds a Bachelor of Journalism and Business Marketing from the University of Hong Kong.
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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
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Regulation
FBI investigating the collapse of Do Kwon’s Terra-Luna, WSJ reports
Former employees of Do Kwon's Terraform Labs are being questioned by the FBI and U.S. prosecutors in New York.
Danny Park
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Altcoins
Circle says US$3.3 bln USDC reserve at SVB available Monday, announces partnership with Cross River
Circle said the USDC reserve deposits held at the failed Silicon Valley Bank will be recovered when banks open on Monday.
Danny Park
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Regulation
U.S. regulators shutter Signature Bank, lender to Paxos, Coinbase, citing systemic risk
U.S. regulators closed New York-based Signature Bank, one of the biggest lenders in the crypto industry, due to risks of a systemic failure.
Danny Park
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Regulation
Biden administration proposes 30% crypto mining tax, closing wash-trading loopholes
The U.S. has proposed an excise tax on cryptocurrency miners equal to 30 percent of the cost of the electricity they use.
Danny Park
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NFT Marketplaces
Forkast 500 NFT Index slides, Polygon blockchain NFT sales jump nearly 250%
The Forkast 500 NFT Index fell to a near two-month low in Asia trading on Friday morning, with sales slumping on the Ethereum and Solana blockchains, the two biggest for non-fungible tokens. Polygon, the third biggest, saw a sales surge.
Danny Park
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Investment Insights
South Korea pours US$51 million into metaverse projects
South Korea is investing 27.7 billion Korean won (US$21 million) into local services looking to utilize the metaverse, the ministry of science announced Wednesday, following Tuesday’s news that it would establish a US$30 million metaverse fund to help startups expand their businesses. See related article: Japanese tech, finance firms sign pact to build metaverse economic […]
Danny Park
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Bitcoin News
Crypto bank Silvergate to close, return all deposits; becomes latest victim of 2022 crypto turmoil
Silvergate Capital said Wednesday it will cease operations and liquidate its bank unit.
Danny Park
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NFT Marketplaces
Forkast 500 NFT index slips, BAYC NFTs leads in sales volume
The Forkast NFT 500 Index slipped 0.68% to 4,276.12 in the 24 hours through 4:45 p.m. in Hong Kong on Wednesday.
Danny Park
