U.S. midterms: gridlock… and progress on crypto industry regulation?

In a period of toxic divide between the Democrats and Republicans, the need to figure out how to regulate the growing cryptocurrency industry is one of the few issues both parties seem to agree on.
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Stablecoin, CBDC issues take center stage at Singapore’s Future of Finance Forum

Central bank digital currencies draw fire over inflation, privacy and threat to innovation, as questions raised over status of stablecoins in digital asset ecosystem.

Hong Kong needs engineering talent to reclaim role as digital asset hub

Hong Kong’s latest FinTech policies indicate it wants to reclaim its position as a hub for cryptocurrencies and digital assets, but that means finding the right people for the job.
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Blockchain without cryptocurrencies: How might China’s BSN change Web3?

By excising cryptocurrencies from the ecosystem, crypto-hostile China could steal a march in enterprise blockchain, says Red Date Technology chief Yifan He.

Crypto fugitive Do Kwon said to be hiding in Europe, mocks ‘cops from world over’ in series of tweets

The South Korean founder of the collapsed Terra stablecoin faces multiple allegations of wrongdoing, the latest being price manipulation.

Crypto leaders differ over Do Kwon blame in May’s market crash

‘Bad actor’ or a ‘sliding market’? Blockchain industry leaders at Hong Kong FinTech Week offer insights into the Terra-LUNA crash.

Hong Kong crypto policy turns on hopes of economic revival

Top blockchain and crypto news: Hong Kong rethinks digital assets. CBDC to debut in India. China’s e-yuan privacy problem.

NFT sales decline for sixth straight month despite tailwinds

While October saw the emergence of two very popular NFT collections, sales failed to break US$500 million in the lowest figures since July 2021.

USDC stablecoin issuer Circle wins Singapore digital payment license

The issuer of the world’s second-largest stablecoin is joining a fleet of companies in the digital asset industry moving into Singapore. What’s the attraction?
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Singapore’s Tokenize crypto exchange opens platform for institutional investors

Cryptocurrency exchanges in Singapore are shifting focus to heavy-hitter investors, such as family offices and financial institutions, in line with the central bank’s warnings about the risks in retail crypto trading.

Hong Kong announces policies to win back role as digital asset hub

Hong Kong reveals digital asset policies to distinguish itself from China, where cryptocurrency trading was banned in September last year.

Hong Kong set to relaunch itself as digital asset hub with revamped policies

When China banned cryptocurrency trading and mining in September 2021, it was feared that policy would make its way into Hong Kong. Seems that concern is getting a rethink.

How to manage your crypto assets beyond the grave

When the Grim Reaper comes, will he take all your Bitcoins, too? Here’s how to ensure your crypto wealth will survive and live on for your heirs.

Education is best protection measure in blockchain tech, says Binance chief CZ

Binance CEO Changpeng Zhao believes education is key to a wider, safer adoption of blockchain technology.

FTX CEO Sam Bankman-Fried says action needed on global rules for cryptocurrencies

Bankman-Fried says the global crypto industry needs a “passporting” policy framework that lowers barriers for crypto businesses.

More than just a JPEG? Digital Art Fair Hong Kong explores NFTs for data streaming and display

Pixelated pictures and cartoonish drawings have typically dominated the world of Non-Fungible Tokens (NFTs), but some exhibits at Hong Kong’s Xperience art fair show new means of applying the technology.

How Europe’s MiCA can pave the way for crypto’s revival

Europe’s new MiCA framework for regulating crypto shows the good that can happen when government works with and not against the industry, writes Nick Saponaro of Divi Labs.

Aptos debut underwhelms amid questions over design and performance

Top blockchain and crypto news: Aptos launch falls short. Why FTX chief is calling for crypto regulations. Is Hong Kong paving way for a retail CBDC?

Singapore court issues ‘huge’ NFT decision, allows papers to be served via blockchain

The lead counsel for the plaintiff in the case has called Friday’s ruling a decision with implications for the global blockchain industry

As US midterms approach, poll says voters want policy interests to align with crypto, technology

Survey reveals popularity of crypto ownership among voters, their hopes for the industry’s growing potential and the need for regulation to protect consumers.

The crypto industry needs to do more to help ordinary investors

Cryptocurrency was created to be accessible to the masses. So why are retail investors getting shut out from the best analytical and trading tools?

Is crypto dead? No, but doomsayers may profit from your panic

A lack of regulations means anyone can say bad things about crypto to stir up fear — and push you to sell. Even if they stand to make money from your losses.

Reinventing banking: Why is Standard Chartered so drawn to Web3?

Institutional adoption of Web3 in finance means getting traditional banks involved, which will in turn reshape the way banks work, says SC Ventures’ Alex Manson.

What is XRP and what is Ripple?

Why has Ripple Labs been in the U.S. SEC’s crosshairs and what’s the difference between Ripple and XRP?

NFT marketplaces ditching standard royalty fees labeled “short-sighted”

After Solana’s Magic Eden marketplace said it was bowing to pressure and making payment of royalties “optional” to NFT creators, industry insiders tell Forkast the policy is wrongheaded and damaging.

Twitter user prevents 200 billion BitBTC bridge exploit, highlighting major vulnerability

A Twitter user highlighted a vulnerability in BitBTC’s Optimism bridge and averted what could have been the latest in a string of bridge exploits this month.

First Digital Trust says HK, Singapore can join hands on crypto initiatives

In a Q&A with Forkast, First Digital Trust Chief Executive Officer Vincent Chok shared his views on Hong Kong getting back into crypto, regulations, and how the crypto pie in Asia is big enough for rivals Singapore and Hong Kong.

Why local language education holds the key to crypto’s future

The crypto sector operates mainly in English, but more than 6 billion people — many of whom crypto would benefit the most — use other languages, writes Wei Zhou of Coins.ph.

FastForkast headlines

Binance agrees to acquire FTX following liquidity crunch

Alameda says ‘wasn’t us’ amid speculation about BitDAO’s 20% plunge

Seizure, guilty plea in US$3.36 bln stolen Silk Road Bitcoin case

Markets: Bitcoin, Ether prices fall with most of crypto top 10, Polygon flips Solana

Markets: Bitcoin, Ether fall; Dogecoin interest fades

Indian crypto exchange WazirX introduces profit, loss function

South Korea’s online KakaoBank to open accounts for Coinone exchange users this month

Markets: Bitcoin, Ether prices pull back after weekend gain on sign U.S. inflation may be easing

India forms new crypto advocacy body with Coinbase, Polygon

Dashcam maker Hivemapper issues crypto HONEY for road image contribution

Goldman Sachs launches crypto explainer, trend tool for institutional clients

Bitcoin, Ether prices rise, Polygon leads top 10 in gains, Doge, Shib retreat

Digital wallet Cryptillian seeks to back Ripple against SEC in XRP lawsuit

Markets: Bitcoin and Ether fall with crypto top 10 as Fed raises rates 75 bps

India’s finance minister urges G20 nations to come on board to regulate crypto

Huobi plans to move HQ to the Caribbean, Justin Sun says

Markets: Bitcoin, Ether prices flat; Dogecoin, SHIB lead gains in crypto top 10

India seeks info from crypto exchanges as it mulls GST on asset class: report

Coinbase seeks to weigh in on XRP lawsuit to support Ripple against SEC

JP Morgan, Standard Chartered execs disagree over Bitcoin’s significance

South Korea’s Wemade to remedy WEMIX token after ‘investment warning’ by crypto exchanges

Sam Bankman-Fried says Hong Kong could become Asia’s Web 3 hub

Terra CEO Do Kwon faces lawsuit in Singapore, next hearing on Wednesday

Fortune favors the brave? One year on from Crypto.com’s ad with Matt Damon

Markets: Bitcoin, Ether, Cardano, XRP fall; BNB gains on Binance Twitter investment

Visa’s trademark filings hint at launch of crypto wallet

Binance confirms equity in Elon Musk’s Twitter acquisition

Crypto a rising currency of choice for drug smugglers in India

UK High Court shuts down PGI Global for alleged crypto scam

Crypto a ‘better bet’ than gold, says Ethereum cofounder Vitalik Buterin

Markets: Bitcoin price hits three-week high; top 10 cryptos gain, led by Ether

Meta, Taiwan LGBT group launch NFTs for upcoming pride

UK lawmakers vote to regulate digital assets as financial instruments

Australian 2022 budget confirms digital assets will not be taxed as foreign currency

Crypto.com, Gate.io sign on to boost Busan’s blockchain aspirations

Markets: Bitcoin price back above US$20,000, Ether jumps as U.K. votes to regulate crypto

HNWI, family offices to drive crypto adoption across Asia: KPMG, Aspen Digital report

Sam Bankman-Fried to refund FTX phishing victims — just this once

Markets: Bitcoin falls as mining difficulty hits record high, rest of crypto top 10 also decline

JP Morgan appoints ex-Celsius exec to head crypto regulatory policy

Fidelity Digital Assets to allow clients to trade Ether

Terra CEO Do Kwon, wanted in South Korea, left Singapore and flew to parts unknown via Dubai

Markets: Bitcoin, Ether fall along with rest of crypto top 10; Uniswap gains

Markets: Bitcoin, Ether fall with top 10 cryptos, XRP slumps