PoW fork supported?; Making DeFi better

We take a look at how the Ethereum PoW fork has gained crypto exchange backings in this episode of The Daily Forkast.

South Korea’s taxman keeps circling crypto – airdrops look to be the next target

South Korea last week said crypto token airdrops are subject to a gift tax of as much as 50% under existing laws, but what is the likelihood this rule can be applied to digital holdings?

Crypto education in local languages; Decentralizing data

Crypto advocates in Asia want to educate people using regional languages to promote cyber-safety awareness.

Fed’s inflation fight batters crypto market as pressure mounts

Top blockchain and crypto news: Is crypto in for a long cold spell? Ava Labs lashes out at CryptoLeaks claims. China eyes blockchain power trading.

The X-to-Earn model: Eat, sleep, do almost anything and get paid in crypto

Are you a good runner? Or eater? Or sleeper? Chances are whatever you’re good at, there’s a Web3 project out there to reward you in crypto. But do the tokenomics stack up?

You what-to-earn?; TradFi’s crypto moves

In today’s episode, we take a deeper dive into x-to-earn concepts and how traditional hedge funds are increasing their crypto exposure.

India’s CoinDCX says it’s hiring to prepare for DeFi expansion

Despite the Indian government’s hostility towards cryptocurrencies, the CoinDCX exchange says more traditional financial products will shift to DeFi platforms.

What in crypto hell just happened to all your money?

Crypto investors were blindsided when firms like Voyager suddenly froze their accounts. How can we improve digital asset protection in the future?

Singapore’s Crypto Dance; Women in Web3

Welcome to The Daily Forkast – August 29, 2022 – presented by Joel Flynn. Coming up on today’s show: Crypto clarity from Singapore’s central bank. Forkast and NEAR Foundation initiative champions women in Web3. We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of […]

Singapore’s MAS says needs to do better job explaining crypto policy

The city-state hosted a seminar with a title that it hopes sums up its crypto approach: “Yes to digital asset innovation, No to cryptocurrency speculation.”

Why the crypto world needs more women as leaders and investors

Women foster a better environment for innovation and are sober with money — which is what the industry needs, writes Gracy Chen of Bitget.

An internet of blockchains: Interoperability in a multi-chain future

Interoperability among blockchains will be central to the next phase of the technology’s evolution, says Cosmos cofounder Ethan Buchman.

Huobi-incubated Chinese NFT platform iBox ends international operations

Its operations in mainland China are continuing as normal.

Crypto miners plan to fork Ethereum, will it make a difference to the Merge?

Ethereum has by far the most developers from DeFi projects to NFTs so how are they expected to respond to a plan by Etheruem miners to fork the network, a move miners argue is needed to stay in business.

Huobi warning issued; Singapore’s blockchain aims

Huobi in hot water after being put on investor alert list. Meanwhile, we take a closer look into crypto regulation in Asia.

Tornado Cash arrest heralds storm season for crypto mixers

Top blockchain and crypto news: Tornado Cash, mixer crash. Cardano’s Vasil vulnerabilities. Canaan earnings buoy expansion plans.

OSL Digital placed a ‘tokenized bond’ in July — what’s next for blockchain securities?

Financial instruments sold and traded on a public blockchain could be the next big thing, so Forkast caught up with OSL to hear about what’s planned.

Tornado Cash storm; Australia plans crypto rules

The Tornado Cash bans have stirred the pot in the crypto markets. Meanwhile, Australia looks for new ways to regulate crypto.

Australia’s crypto industry split on Treasury’s ‘token mapping’ scheme

The Treasury Department says its plan for how to regulate cryptocurrencies is unlike anything else in the world, but the country’s crypto industry isn’t sure that’s a good thing.

Crypto volatility returns; Big names investing in blockchain

BTC and ETH hit by volatility, while big players start investing in blockchain despite market wobbles.

If successful, Ethereum’s Merge will cause a sea change in ETH supply and value

The Merge, one of this year’s biggest crypto events, is now due to happen next month. Why is it so hotly anticipated — and feared?

Merge prep rush; Scams down, hacks up

CME prepares to launch ETH options as the merge gets closer, Meanwhile, a Chainalysis says crypto scams are down.

Confusion from US regulators; Markets hit by ‘vibe-flation’

The FDIC tries to deter banks from doing business with crypto firms. Meanwhile. Genesis CEO steps down amidst reshuffle.

Chandler Guo tells why he is the man who would hard fork Ethereum

In a Q&A, the former cryptocurrency miner explains his methods for trying to pull together a band of Ethereum mining brethren in order to keep their rigs running. The idea started at a party at his house.

FastForkast headlines

Binance says it complies with regulators following US anti-money laundering probe report

Crypto lender Celsius to return US$50 mln to locked out users

Bitcoin fluctuates, Ether gains, MATIC jumps on Robinhood inclusion

BABL tanks 92% after Babylon Finance announces shut down

Markets: Bitcoin, Ether, Cardano slip; remnants of Terra – USTC and LUNC – jump

Ukraine National Police takes down crypto fraud cybercrime group

Markets: Bitcoin trades above US$20,000, Ether slides, Cardano gains

Asia crypto advocates look beyond English to promote digital assets

Crypto.com refunded user US$7 million instead of US$68 – took 7 months to realize

FTX agrees to help South Korea’s Busan build its own crypto exchange

Markets: Bitcoin dips back below US$20,000, Ether falls in boxed-in crypto market

Indonesia’s biggest tech firm buys local crypto exchange

Crypto lender Hodlnaut placed under creditor protection by Singapore court

Binance Australia strengthens user protection: report

CME Group launches euro-denominated Bitcoin, Ether futures

SEC, Ripple take XRP lawsuit battle to media as well

Operating profit at Upbit parent Dunamu drops 70%

FTX CEO: no plan to buy crypto exchange Huobi

S.Korea’s internet-only KakaoBank partners with crypto exchange Coinone

ENS domain name expires as developer is in prison, becomes up for grabs in Sept.

China exploring blockchain for energy trading

Grayscale says XLM, ZEC and ZEN may be securities after SEC inquiry

India financial crime-fighters search CoinSwitch crypto exchange

Binance to suspend ETH deposits, withdrawals during “The Merge”

Crypto ATM Bitcoin Depot unveils US$885 mln SPAC listing plans

Each NFT scam perpetrator gained average of $300,000 in past year: Elliptic report

Crypto trader donates US$100,000 to YouTuber fighting defamation suit

Tether says didn’t freeze sanctioned Tornado Cash addresses so as to not interfere in investigations

Markets: Bitcoin treads water, Ether Classic gets a bump, Cosmos gains on Kujira news

Ukraine seizes funds from crypto wallet funding Russian forces

Crypto exchange Bitfinex plans new chain split tokens

Huobi Global talking to Malaysian regulator about being put on investor alert list

Coinbase hit with lawsuit over allegedly poor security

More than half of Indian crypto investors want to increase investments: report

India blockchain forum plans to chart future with governments, regulators

USDC whales leave, trading volume soars

FTX revenue grew 1,000% in 2021 amid booming crypto market: SBF

FTX.US among 5 companies cited by FDIC for ‘false, misleading’ claims to consumers

Creditors object to bankrupt crypto lender Voyager paying out bonuses

Markets: Bitcoin, Ether gain; BNB best performer among top 10 tokens

Hodlnaut exploring option to allow withdrawal of deposits with interest before closing accounts

Run-to-earn protocol Stepn announces NFT project colab with Atlético de Madrid

ETHPoW token price drops to all-time-low on Thursday

Mining rig maker Canaan shares nudge up, profit expanded in Q2

CME, world’s biggest derivatives exchange, to offer Ether options in September

Bitcoin, Ether fall in broad crypto pull back; memecoins reverse gains

U.S. federal deposit insurer allegedly deterring banks from doing business with crypto firms

Australians can now use crypto to buy gasoline, Krispy Kreme donuts