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Hong Kong-based digital asset management firm JKL Group will set up a US$50 million fund to buy more mining machines to further expand its mining facilities, despite the current crypto winter.

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.

Top blockchain and crypto news: Mark Zuckerberg’s empty metaverse. South Korea to roll out blockchain IDs. Macau bets on digital money.

Bitcoin fell in Wednesday afternoon trading in Asia along with the top 10 cryptocurrencies by market capitalization, excluding stablecoins, with XRP holders suffering the steepest losses at 3.93%.

Kwon has been issued with an Interpol “red notice” requesting his extradition on charges brought by South Korea related to the implosion of the Terra Luna cryptocurrency project he founded

The perpetrator of the US$9.1 million Moola Market exploit returned close to the entirety of the loot in exchange for an undisclosed ransom on Wednesday, according to the project’s social media update.   See related article: ‘Hacktober’ continues with US$1 mln taken from BitKeep token swap service Fast facts Decentralized finance (DeFi) project Moola Markets announced […]

The blockchain network was built by former members of the Meta stablecoin project, with well-known investors and considerable buzz as the new ‘Solana killer.’

The IRS updated its annual income tax instructions in a Monday draft that does away with the taxable category “virtual currency” and replaces it with the term “digital assets,” which explicitly includes NFTs.

Bitcoin and Ether both fell in Wednesday morning trading in Asia amid news the European Union is considering a bill to restrict the mining of energy-intensive cryptocurrencies, such as Bitcoin. Most of the rest of the cryptocurrency top 10 by market capitalization, excluding stablecoins, also declined, with the exception of Polygon. See related article: Bitcoin, […]

Markets: Bitcoin price rises amid sweeping gains across top 10 crypto, Polygon increases 7%

Hong Kong seems set to put out a new welcome mat for the blockchain and crypto industries, but will it work after concern about regulatory restrictions convinced many cryptocurrency operators to leave?

Konami Digital Entertainment Co., Ltd., a Tokyo-based video game company, announced a recruitment effort for 13 new positions to integrate its game titles with Web3 and metaverse technologies. See related article: NFTs may be the next killer app for video games, but some traditional players object Fast facts The game developer is planning to launch […]

Bitcoin and Ether rose as all top 10 tokens by market capitalization, excluding stablecoins, gained in Tuesday morning trading in Asia. Polygon led the list. Solana followed on news a leading non-fungible token (NFT) marketplace will suspend transaction fees. See related article: Gold commodities market could enter the blockchain, according to new industry initiative Fast […]

North Korea-backed hacker group Lazarus has been sending phishing emails to Japanese crypto exchange employees to infect their computers with malware, causing some companies to have their systems hacked and cryptocurrencies stolen, Japan’s National Police Agency announced last week. See related article: DPRK hackers sneak US$52 mln in crypto into S.Korean exchanges: Chainalysis Fast facts […]

A recent token launch on Ethereum pushed the network into a deflationary state and the blockchain’s shift to PoS may lower supply even further.

Decentralized finance sites are the preferred choice of hackers as crypto heists look to be on course to hit a record high this year.

South Korea’s Supreme Prosecutors’ Office is looking to hunt down illegal crypto funds by purchasing a software program that tracks down crypto transactions and sources, a local media outlet reported Friday. See related article: DPRK hackers sneak US$52 mln in crypto into S.Korean exchanges: Chainalysis Fast facts The tracking program is expected to be used […]

Nearly half of 55 fintech and crypto experts believe Ethereum has been underpriced since the network became a proof-of-stake blockchain through “The Merge” upgrade last month, according to a recent report from financial service firm Finder. See related article: Why YOU should back Ethereum’s Fork Fast facts While 46% of the surveyed panelists said Ether […]

Crypto.com said on Wednesday that the exchange will invest €150 million (US$145.5 million) in France to set up a European headquarters in Paris and expand operations in the region. See related article: Crypto.com enters South Korea market with two local startup acquisitions Fast facts The Singapore-based exchange said it will focus on compliance, business development […]

One company says it’s bringing solutions for confused investors in digital assets in India who grapple with hours of tax calculations.

‘Risky or illicit’ transactions represent the highest rate of any region measured by the blockchain analytics firm.

Coin Center, a non-profit think tank on cryptocurrencies and public policy, announced Wednesday it was filing a lawsuit against the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC), alleging the agency overreached its authority when it sanctioned cryptocurrency mixer Tornado Cash in August. See related article: What is the future for cryptocurrency mixers after […]

Binance Global Inc., the operator of the world’s largest cryptocurrency exchange, says it successfully completed a hard fork of its BNB Smart Chain (BSC) network around 5 p.m. Hong Kong on Wednesday. See related article: Binance to hard fork BNB Smart Chain amid heated debate around decentralization Fast facts A hard fork is a split […]

Crypto-asset related activities may pose “novel risks” to banks and their customers, prompting the U.S. Federal Reserve to develop further regulations, Fed vice chair for supervision Michael Barr said in a speech Wednesday at D.C. Fintech Week. See related article: U.S. Fed has growing interest in CBDCs, says Jeng at Crypto Council for Innovation Fast […]

Centralized lenders like Celsius and Voyager have proven hugely problematic, but DeFi also has big issues. What if we pursue a hybrid approach?

Cryptocurrency exchange Blockchain.com has received in-principle approval from the Monetary Authority of Singapore (MAS) for a license to offer “digital payment token” services in the city-state.  See related article: Singapore’s MAS says needs to do better job explaining crypto policy Fast facts Blockchain.com is the second crypto exchange to earn the central bank’s in-principle approval […]

South Korean media has reported that local crypto exchanges may become a “playground” for North Korean hackers.

The crypto world has been watching how one of the world’s largest blockchains responds to a hack last week and the questions it raises about the state of decentralization in the industry.

District Judge Analisa Torres of the U.S. District Court for the Southern District of New York has granted I-Remit and TapJets’ requests to file amicus curiae briefs in support of Ripple Labs, following a rejection of objection by the Securities and Exchange Commission (SEC). See related article: Ripple slams SEC’s opposition to brief motions in […]

Crypto asset manager Valkyrie will liquidate its Balance Sheet Opportunities exchange-traded fund (ETF) at the end of October and then delist from Nasdaq.See related article: What the Bitcoin futures ETF bonanza means for investors Fast facts See related article: Markets: Bitcoin price falls with Ether. Doge sole gainer in top 10 cryptocurrencies

Tornado Cash, the Ethereum coin mixer slapped with sanctions by the U.S. Treasury back in August, has returned to the software hosting website GitHub amid a flurry of lawsuits against the Treasury for its action.

The European Parliament passed a preliminary legal framework for the crypto space on Monday that aims to increase standards and requirements  for digital asset companies, ahead of a final vote expected soon.  See related article: Europe cancels AML amendment that would have forced identity verification for non-custodial wallets: report Fast facts EU lawmakers voted heavily […]

Singapore-based Coinhako cryptocurrency exchange, one of a handful to have a full license to operate in the city-state, has launched “Coinhako Treasures” to offer more products that suit the needs of institutional clients, like corporates and family offices, as it seeks to grow its institutional user base.   See related article: How a market slump may […]

Cryptocurrency exchange Coinbase Global Inc. received a digital assets license from the Monetary Authority of Singapore, the firm announced Tuesday. See related article: Coinbase blames India’s central bank for exit Fast facts They were granted “in-principle approval” under the Payment Services Act to provide “regulated Digital Payment Token products and services” in Singapore, including “our […]

What’s wrong with ‘fat protocols’ like Ethereum and Solana, and why should there be alternatives for the little guys? Yaoqi Jia of AltLayer explains.

Cryptocurrency exchange WazirX will look to integrate India’s central bank digital currency (CBDC) “if all goes well,” vice president Rajagopal Menon told Forkast in a video interview on Monday.  See related article: RBI to begin CBDC pilots, outlines wholesale, retail concepts Fast facts “We would love to onboard the e-rupee and you can buy your […]

Regulators also targeted 23 crypto media websites and 440 bloggers.

When times are tough, a DAO must trim fat and focus on providing a better product or service to its community, writes Redmption of Harvest Finance.

Through quick identification and cooperation of network validators, most funds were saved in last week’s BNB Chain exploit.

Web3 communities need to join forces with policymakers to draft rules for the next iteration of the online world, says Haun Ventures’ Tomicah Tillemann

MY E.G. Services Berhad (MYEG) and Mimos Technology Solutions Sdn Bhd (MTSSB) signed a memorandum of understanding (MOU) on Thursday to co-develop and operate Malaysia’s national blockchain infrastructure to onboard the nation’s private and public sectors to Web 3.0.  See related article: Huobi Global talking to Malaysian regulator about being put on investor alert list […]

The National Assembly wanted to get to the bottom of the Terra-LUNA collapse on Thursday. At the end of a long and speech-filled day, lawmakers left empty-handed.

Binance has obtained a “permanent license” to operate a digital asset platform and provide custody services at Kazakhstan’s Astana International Financial Center, the world’s largest cryptocurrency exchange announced in a blog post on Thursday. See related article: Binance targets expansion in Philippines, Turkey, executive says Fast facts The license gives Binance the status of a […]

The world’s largest crypto exchange’s regional head of Asia says the Philippines’ GameFi community and rampant inflation in Turkey present opportunities for Binance.

Software company Spexi has raised US$5.5 million in seed funding to create Spexigon, the world’s first crypto-powered fly-to-earn drone imagery platform based on the Flow blockchain, according to a press release on Tuesday. See related article: X-to-Earn: Eat, sleep, do almost anything for pay in crypto  Fast facts See related article: Run-to-earn protocol Stepn announces […]

Validators of Terra blockchain had no knowledge of the US$60 billion collapse of Terra-LUNA prior to the crash, said South Korean blockchain infrastructure provider DSRV Labs chief Kim Ji-yun. in response to the National Assembly’s parliamentary audit on the Financial Services Commission on Thursday. See related article: Terra CEO Do Kwon to lose his passport […]

Original artworks are being set on fire and destroyed to be digitally reborn on the blockchain as non-fungible tokens. But, how far is too far in this recent incendiary trend?

The Monetary Authority of Singapore (MAS) said illegal crypto-related businesses are operating in the city state and it is working with the police to identify and prosecute them. See related article: Singapore’s MAS says needs to do better job explaining crypto policy Fast facts In a reply to a Parliamentary question, Tharman Shanmugaratnam, senior minister […]

South Korean ruling party lawmaker Yoon Sang-hyun asserted that the country needs to appoint a special prosecutor to investigate the Terra-LUNA collapse, which affected over 280,000 people locally, in comments at the National Assembly’s parliamentary audit on the Financial Services Commission (FSC), South Korea’s top financial regulator. See related article: South Korea’s investigation of Do […]

Kim Joo-hyun, the chairman of South Korea’s top financial regulator, the Financial Services Commission (FSC), said on Thursday the agency will promote blockchain technology and user protections in the crypto market. See related article: South Korea’s all-encompassing crypto law is coming — what we know so far Fast facts “In cooperation with the National Assembly, […]

Bitcoin fell in Thursday morning trading in Asia but held above the US$20,000 support line. Ether also lost ground. XRP was the only token in the cryptocurrency top 10 by market capitalization to gain. See related article: Is crypto money? A South Korean court says no Fast facts Bitcoin fell 0.9% in the past 24 […]

Top blockchain and crypto news: Celsius founder in hot water. European bank woes cast crypto shadow. Will BSN’s Chinese roots thwart its global ambitions?

The U.S. Securities and Exchange Commission (SEC) has objected to motions from two firms that had requested to file amicus briefs in support of Ripple Labs Inc., in the lawsuit that the SEC filed in 2020 against Ripple. See related article: Two firms seek to weigh in on XRP lawsuit between SEC, Ripple Fast facts […]

Terraform Labs Pte. Ltd. cofounder Daniel Shin, or Shin Hyun-sung, has submitted a statement to South Korea’s National Assembly with reasons not to appear before lawmakers on Thursday as a witness in the Terra-LUNA meltdown, according to local news agency News1. See related article: Terraform cofounder Daniel Shin to testify in South Korean parliament Fast […]

Criminals have used decentralized exchanges (DEX), cross-chain bridges and coin swap services to launder more than US$4 billion worth of illicit crypto gains, according to a research report by blockchain analytics firm Elliptic. See related article: SWIFT, Chainlink announce cross-chain interoperability pact  Fast facts See related article: Chainalysis says $2 bln stolen in cross-chain bridge […]

The country’s judiciary says Bitcoin loans not affected by interest limitation act, as crypto is not ‘money’

Panelists at Forkast’s live-streamed event ‘Crypto Rising: The Role of Law: An International Debate post Tornado Cash’ co-hosted by Crypto Council for Innovation (CCI) said the significance of the sanctions could not be understated.

Japan’s Prime Minister Fumio Kishida announced plans to expand investments in non-fungible tokens (NFTs) and the metaverse in a policy speech on Monday. See related article: Japan plans new crypto transfer rules to combat money laundering Fast facts Kishida says the country will further its investment in digital transformation and expand the use of Web3 […]

Financial services company Mastercard Inc. has launched Crypto Secure, a technology solution designed to help banks identify fraud-prone crypto exchanges, the company announced in a press release. See related article: Binance partners Mastercard to launch card in Argentina for bill payment, everyday purchases Fast facts The service uses artificial intelligence algorithms and blockchain data to […]

China spent billions on its ‘belt and road’ infrastructure network to expand trade so what are its plans for a domestic and international digital infrastructure built on blockchain?

Dunamu Inc., the mother company of South Korea’s largest crypto exchange Upbit, and Hybe Co., Ltd., the music agency behind K-pop mega group BTS, launched a K-pop digital collectible platform on Tuesday via their Los Angeles-based joint venture, LEVVELS Inc. See related article: Dunamu looks to K-pop group BTS NFTs to beat ‘Crypto Winter’ Fast […]

Like many nations, the UK is formulating new rules and guidelines for crypto taxation. Will they help or hinder its crypto hub aspirations?

The crypto market has been down for months, but the industry’s long-term future is brighter than ever, writes Guilhem Chaumont of Flowdesk. Here’s why.

Two companies have sought to be amicus curiae (Latin for friend of the court) in support of Ripple Labs in the lawsuit that the Securities and Exchange Commission filed in 2020 against Ripple. See related article: XRP price surges after U.S. court rejects SEC objection in Ripple lawsuit Fast facts I-Remit Inc., a global payment […]

‘Crypto Winter’ has touched all elements of the crypto market, and non-fungible tokens are no different.

Cryptocurrency exchange Coinbase Global Inc. said it resolved technical issues on Sunday night that had prevented U.S. bank account users from making payments or withdrawals for most of the day.  See related article: Coinbase gets nod from Dutch central bank to offer crypto services Fast facts “We’ve fully resolved this issue and ACH transfers are […]

Binance, the world’s largest cryptocurrency exchange, has launched a local branch in New Zealand after becoming a registered financial service provider, Chief Executive Officer Changpeng Zhao announced on Friday. See related article: Binance taps ex-U.S. senator Max Baucus to chair global advisory board Fast facts “New Zealand is an exciting market with a strong history of […]

South Korea’s National Assembly intends to get to the bottom of the Terra-LUNA debacle in its next audit in October along with several other issues surrounding the local crypto industry.

Amendments drafted by European Parliament members on anti-money laundering (AML) regulation removed provisions seeking compulsory identification for crypto transfers involving non-custodial wallets, according to crypto news outlet The Block reported on Thursday. See related article: EU seeks to limit banks’ crypto exposure  Fast facts See related article: Bitcoin, proof-of-work ban removed from European Union’s MiCA 

As the crypto slump drives job cuts and worse, some exchanges are seeing opportunity for expansion in the downturn, call it the fortune-favors-the-brave mantra.

Binance, the world’s largest cryptocurrency exchange, has launched its mining pool service for Ethereum Proof-of-Work (ETHW), a forked version of Ethereum. See related article: Ethereum says Merge upgrade successfully completed, more to come Fast facts Binance Pool said on Thursday that it offers zero pool fees for the ETHW pool during a promotion period until […]

India’s financial crime fighting agency has frozen US$1.2 million in account balances of various “Chinese-controlled entities” as part of an investigation related to alleged crypto fraud with an app-based token “HPZ” and similar applications.  See related article: Tax authorities recover US$9M from India’s biggest crypto exchanges Fast facts India’s Enforcement Directorate (ED), in a press […]