Contributor
Michelle is a journalist at Forkast. Prior to joining the team, she wrote for CNN and served with the Singapore Foreign Service. She holds a Master of Journalism from the University of Hong Kong and a Bachelor of Business Administration from the National University of Singapore.
Altcoins
Cardano leapfrogged Bitcoin as the most held cryptocurrency on social trading platform eToro in the second quarter of 2021, the platform reported this week. Fast facts Bitcoin, which led the cryptocurrency bull run at the start of the year, saw a 42% increase in demand, but slipped from first to second place behind Cardano. Cardano […]
Michelle Lim
DeFi News
In a new report, BIS says countries must work together and design CBDCs with interoperability in mind. Hong Kong and Singapore lead mCBDC efforts.
Michelle Lim
Regulation
Is William Hinman a former ‘high-ranking’ SEC official exempt from disclosing his prior communications on XRP, or must he provide testimony to Ripple?
Michelle Lim
Regulatory News
The Financial Action Task Force — the global anti-money laundering and counter-terrorist financing standards-setter — this week released its second 12-month review on virtual assets and virtual asset service providers, and called on countries to implement the revised FATF standards, including travel rule requirements “as soon as possible.” “The global nature of the underpinning technology […]
Michelle Lim
DeFi News
The Monetary Authority of Singapore and the Banque de France today announced the successful completion of a wholesale cross-border payment and settlement experiment using multiple central bank digital currencies (m-CBDCs). Fast facts The experiment between the two central banks, supported by J.P. Morgan’s Onyx, simulated cross-border transactions and cross-currency transactions involving a Singapore dollar CBDC […]
Michelle Lim
Regulation
Israel’s National Bureau for Counter Terror Financing has issued a seizure order against 84 cryptocurrency addresses associated with Palestinian resistance group Hamas as it looks to confiscate holdings of Bitcoin, Tether, Dogecoin and other cryptos. Fast facts “This action comes after a sizable uptick in cryptocurrency donations to Hamas in May following increased fighting between […]
Michelle Lim
Crypto Trading and Strategies
More than US$1 billion was spent on crypto-linked Visa cards in the first six months of 2021, according to a Visa blog post this week. Fast facts Apart from enabling customers to buy cryptocurrencies like Bitcoin using its cards, Visa has partnered with 50 crypto platforms on card programs — such as Coinbase, the largest […]
Michelle Lim
Regulation
Facing an onslaught of regulatory scrutiny, Binance CEO calls crypto regulations ‘positive sign' of a maturing industry and announces new hires in compliance.
Michelle Lim
Crypto Trading and Strategies
Mixed martial arts organization UFC and Hong Kong-based cryptocurrency exchange Crypto.com today announced a partnership that will see Crypto.com become UFC’s first global official fight kit partner. Fast facts Apart from Crypto.com’s logo placement on UFC fight kits, Crypto.com will, as UFC’s cryptocurrency platform partner, have a brand presence inside the Octagon during all pay-per-view […]
Michelle Lim
Regulation
Eddie Yue, CEO of Hong Kong Monetary Authority lays out the future of the territory’s digital currency at a Hong Kong Academy of Finance event.
Michelle Lim
