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.
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Forkast.News is a digital media platform that covers stories about emerging technology at the intersection of business, economy and politics. From Asia, to the world.
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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.
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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
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Advanced Blockchain Technologies
Solana introduces ‘state compression’ to lower NFT storage costs
Solana has introduced a solution that aims to reduce on-chain storage costs for non-fungible tokens (NFT). See related article: Solana NFT sales surge as traders farm for Tensor rewards Fast facts See related article: DeGods begins migration to Ethereum
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Regulation
ECB’s Lagarde gets pranked, reveals digital euro will have ‘limited’ control
ECB President Christine Lagarde said the digital euro would have "limited control" in a prank call.
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Bitcoin News
India prioritizes offline CBDC transfers, targets 1 mln users in three months: CoinDesk
India is reportedly aiming to have one million users of its CBDC within three months of launch, according to sources familiar with the matter cited by CoinDesk.
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Regulation
Singapore developing guidelines for banks on crypto clients: Bloomberg
The Monetary Authority of Singapore is reportedly working on guidelines to help local banks vet and provide banking services to cryptocurrency clients
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Altcoins
Chinese state-owned company launches crypto funds in Hong Kong
A major state-owned firm in China is launching two cryptocurrency funds in partnership with investment firm Waterdrip Capital.
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Regulation
ASIC cancels Binance Australia’s derivatives license
The Australian securities regulator has canceled Binance Australia's derivatives license.
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Altcoins
Arbitrum’s AIP-1 proposal to be split after community backlash
Top blockchain and crypto news: Arbitrum to segment AIP-1. DeGods NFT collection moves to Ethereum. Crypto on the agenda at ‘China’s Davos.’
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