Forkast.News is now Forkast Labs

Search results: APE

Avalanche price breaks into crypto top 10 as market sees red

Amid a sea of red in crypto markets today Avalanche is bucking the trend, gaining 130% since the start of the month to reach a new all-time high of US$146.22 and leaping over Dogecoin to enter the crypto top 10. This clears that list of memecoins for the first time since Dogecoin’s historic run in […]

Are surveillance and taxation coming soon to a blockchain near you?

The US Infrastructure Act has provisions that should make crypto advocates shudder, writes Alex Shipp of Offshift. Who will stand up for crypto’s core values?

What decentralization can offer Web 3.0 and social media | Part 1

How blockchain technology can usher in the next stage of the internet and social media, through decentralized hosting and integration with cryptocurrency.

World Economic Forum launches digital currency info resource

More than 85 members of the WEF Digital Currency Governance Consortium contributed eight white papers on CBDC and stablecoins.

DeFi’s amorphous autonomy proves a policy puzzle

The promise of financial democratization forms the bedrock of DeFi’s appeal. But who’s in charge — and who to hold responsible when things go south?

South Korea’s great crypto mystery: What’s up with Upbit at 9 am?

Every morning at Upbit, the nation’s largest cryptocurrency exchange, a brief and odd surge in random altcoin prices takes place. Which crypto will it be tomorrow?

What is a DAO — and can it replace your employer?

Out of nowhere, a leaderless ‘flash mob’ of crypto investors pops up to buy a rare copy of the US Constitution. What are DAOs and how do they work? Forkast.News explains.

Bitcoin, crypto market downward trend continues

Bitcoin continued its downtrend today to reach a low of $55,861, its lowest price this month. The world’s first cryptocurrency has dropped by 18.6% since reaching a fresh all-time high of over US$69,000 last week. Bitcoin’s price low comes amid struggles in the overall crypto market, which has lost over US$400 billion from its total […]

ConstitutionDAO fails to win Sotheby’s auction

17,437 virtual strangers chipped in over $40 million to jointly buy a rare copy of the US Constitution. They lost their bid but now has everyone asking: What is a DAO?

Taproot unlocks Bitcoin opportunities; Mintable aims big

Taproot unlocks Bitcoin opportunities meanwhile Mintable aims big

Crypto exchange Coinhako receives in-principle approval for Singapore license

Singapore-based cryptocurrency trading platform Coinhako has received in-principle approval from the Monetary Authority of Singapore for a digital payment token (DPT) service license — making it the first local native cryptocurrency exchange to announce that it is close to being granted the much-coveted license. Fast facts Coinhako is now working through the conditions of its […]

Mintable wants to be the world’s largest NFT market by cataloging all Ethereum-based NFTs

How to sift through millions of NFTs before buying? NFT marketplace Mintable is hoping to attract more users with these new organizing and ranking features.

AVAX hits all-time high after Ava Labs’ deal with Deloitte

Following news of a strategic alliance with Big Four accounting firm Deloitte, AVAX rose above US$106, up 90% for the month.

How to avoid getting rug-pulled in crypto and DeFi

Scams like the Squid Game Token rug pull are every investor’s nightmare. How to avoid hoaxes and not feel like a fool? Forkast.News explains.

China sees another digital yuan fraud case

Chinese police have busted yet another tele-fraud case related to e-CNY money laundering as the country continues to test the digital currency.
and

India’s 1st parliamentary meeting on crypto ends with consensus on regulation — and no ban

While the government has yet to figure out the details, a crypto regulatory regime is expected to be released before February.

A crypto trader is rescued after being kidnapped by local gang for six days

A crypto investor in Hong Kong was rescued six days after being kidnapped earlier this month when he tried to meet a buyer offline who promised to purchase his Tether tokens.

Taproot goes live; Hong Kong crypto kidnap

Taproot goes live, meanwhile Hong Kong crypto kidnap

SEC rejects spot Bitcoin ETF

The SEC rejected a Bitcoin spot ETF, citing the possibility of fraud, which briefly sent BTC prices down.

This Brazilian digital bank wants to change the world, one block at a time

Covid laid bare the gaps in people’s access to banking services. Moeda Seeds is looking not just to fill the gaps but to change the banking paradigm.

Double Eleven: 240,000 orders by e-CNY on top e-commerce platform JD.com

More than 100,000 consumers used China’s central bank digital currency (CBDC) to make some 240,000 purchases on China’s top e-commerce platform JD.com on the annual shopping festival Double 11 [11.11], according to the platform’s report. Yet that is likely only a fraction of total Nov. 11 digital sales. Fast facts Double11 refers to a Chinese […]

Solana Breakpoint 2021 celebrates price ATH, technology and projects to come on the emerging blockchain

Rounding out an impressive year for the world’s No. 5 blockchain, Solana held its first global offline conference in Lisbon this week. Here’s a look at some of the key moments.

‘Double Eleven 2021: Common Prosperity’ — how an NFT project examines Chinese tech giants’ dominance

In a 48-second, computer-generated 3D animation, ROK uses a decentralized format to offer an ironic take on China’s internet giants crowding to host the shopping holiday.

Crypto surges on US inflation rise; Korean investors win damages

Crypto surges on US inflation rise meanwhile, Korean investors win damages

Kazakhstan’s legal crypto miners won’t face power restrictions: energy minister

While Kazakhstan — a popular destination for Chinese crypto miners as they look for more regulation-friendly shores — continues to face power shortages, the country’s energy minister has said the authority will not restrict power consumption for legal crypto miners, according to a government statement. Fast facts Magzum Mirzagaliyev, Kazakhstan’s minister of energy, said at […]

Ripple to launch ‘game-changer’ liquidity hub amid XRP legal battles with SEC

Trying to move beyond XRP, Ripple hopes its customers will join RippleNet with a wallet that supports fiat and other cryptos like Bitcoin and Ether.

Cambridge Centre for Carbon Credits to build carbon credit marketplace on Tezos blockchain

World leaders at the COP26 climate summit this month promised to end deforestation by 2030. But significant challenges to achieving the goal remain to be overcome. The Cambridge Centre for Carbon Credits, based at the University of Cambridge, this week launched with the goal to build a decentralized marketplace of verifiable carbon credits to support […]

The media’s role in driving growth in crypto

Panel looks at best practices in news coverage from Decrypt Media, CoinDesk, South China Morning Post.

Why the crypto industry needs compromise and education

FTX founder and CEO Sam Bankman-Fried says building products that people want is what matters most, and the crypto industry and regulators will need to find compromises to resolve some of the industry’s pressing issues.

Middle-ground India crypto bill could be introduced this month

The Indian government is looking to introduce a cryptocurrency bill in the winter session of parliament in a bid to “fast track” regulation of a rapidly growing ecosystem, CNBC-TV18 reported. Fast facts India first drafted a bill to ban all cryptocurrencies in the budget session of 2021, but it was never tabled for discussions. Officials […]

What is the future of crypto and DeFi regulations?

From China’s crackdowns to El Salvador’s Bitcoin adoption, where is the world headed in how governments regard crypto? An expert panel explores the future of decentralized finance in the global economy.

United we stand: crypto experts debate tribalism

Crypto is ‘a behavioral economics experiment,’ says Real Vision co-founder Raoul Pal. ‘Your incentive system is not a like button on Facebook, it’s money.’

How is the launch of Bitcoin futures ETFs affecting crypto mining?

After the SEC approved a Bitcoin futures ETF, the cost of crypto mining rigs jumped. Coincidence? Varit Bulakul of The Brooker Group explains.

3 themes driving institutional adoption of digital assets

What makes 2021’s roaring crypto market different from 2017’s are the banks and VCs piling in, writes Calvin Shen of Hex Trust. What’s behind their crypto adoption?

Crypto exchange industry consolidating as DEXes surge in popularity

The highly competitive cryptocurrency exchange industry appears to be consolidating, according to blockchain analytics provider Chainalysis as part of its Competitive Landscape Report that will be released next week. Fast facts The number of active cryptocurrency exchanges peaked at 845 in August 2020 and stood at 672 as at August 2021, Chainalysis reported. The exchanges […]

Crypto market cap breaks US$3 trillion: APAC crypto cards to launch

Crypto market cap breaks US$3 trillion, also APAC crypto cards to launch

Ethereum drives crypto comeback as US tax fears leave market unfazed

Top blockchain and crypto news: Ethereum rises and rivals follow. Taxing times for US investors. New life for reborn crypto miner.

Companies in China, Australia, Japan, Saudi Arabia start blockchain platform for energy, metal trading

Amid the global energy crisis, nine companies from four countries — China, Japan, Australia and Saudi Arabia — announced they will jointly build a blockchain documentation platform to speed up customs clearance and cargo delivery to trade the commodities of energy, chemical products and metal. Fast facts Platform participants includes Sinochem Energy, Mitsui.Co, Macquarie CGM, Saudi […]

Will El Salvador’s lead on Bitcoin inspire others to follow suit?

The Central American nation is the first to adopt Bitcoin as legal tender. As many countries face similar issues of large unbanked population and high remittance fees, will others follow suit?

What are the digital assets powering the DeFi revolution?

Digital assets are disrupting financial services in ways not seen since the Middle Ages, writes Alex Tapscott of Ninepoint Partners. Here is the taxonomy for the future of finance.

Is 2021 the year of crypto’s coming of age?

Blockdata co-founder Jonathan Knegtel thinks so. Almost a teenager, Bitcoin is reaching a level of maturity that’s defying the predictions of its critics.

Fashion, art, games and community: What does a decentralized metaverse mean for you?

The idea of the metaverse has gone from the realm of science fiction to the latest business model of major companies from Facebook to Nike. What do metaverses powered by blockchain look like, and why is there so much interest in Decentraland?

DBS’ digital assets under custody surge 200% in Q3, bank to scale up digital exchange

DBS Bank — Southeast Asia’s largest lender — intends to scale its crypto exchange as it invests in blockchain and wants to be nimble to adapt to how DeFi evolves.

What is the Solana ecosystem and how is it fueling SOL’s stratospheric rise?

Solana prices keep cresting to new heights, making SOL a top-five cryptocurrency by size. What makes Solana and its ecosystem stand out? Forkast.News explains.

How DeFi regulation can propel the next economic revolution

DeFi is here to stay, but regulations are still lacking. Jason Blick of EQIBank explores the challenges and how authorities can move forward.

e-CNY scam investigated; S Korea gets metaverse bug

e-CNY scam investigated meanwhile S Korea gets metaverse bug

Chinese police raid what may be the nation’s first e-CNY money-laundering case

Police crack a tele-fraud case related to digital yuan money laundering, potentially thanks to the CBDC’s ‘managed anonymity’ feature.

Why archiving the internet is vital and how a decentralized web can help | Ep. 6

Why archiving the internet is vital for the future, how a decentralized web can help, and why looking at history is a good way to predict the future

Hong Kong Fintech Week’s live comeback talks digital renminbi and DeFi

One of Asia’s largest fintech events returns for its sixth year with a hybrid format of live and virtual sessions. Regulators, corporations and experts share what’s important now in crypto.

China’s central bank governor calls for personal data protection at Hong Kong FinTech Week

Yi Gang reiterates the PBOC’s stance to protect data, while failing to address privacy concerns over digital yuan.

Stablecoin toss to US Congress as regulators circle

Top blockchain and crypto news: Stablecoins at regulatory crossroads. Squid Game crypto players suffer shocking fate. Are metaverses China’s new national insecurity?

US$66 billion at stake but only mild interest in Bitcoin trial

The outcome of a Miami civil trial may uncover who Bitcoin creator Satoshi Nakamoto really was, and who owns his rumored US$66 billion in Bitcoin.

Squid Game crypto rug pull: investors meet deadly ending

It’s a red light for those who bought the controversial token inspired by the Netflix mega-series Squid Game, as its developers appear to have cashed out their investments, leaving SQUID’s price to plunge 99.99%.

BXH suffers US$130 million exploit; Squid game token meets deadly end

BXH suffers US$130 million exploit, also Squid game token meets deadly end

Biden administration report on stablecoins calls for laws to mitigate risks

The highly awaited report outlines recommendations for stablecoin regulation and asks regulatory bodies to combat risks until Congress introduces new laws.

Back up Hong Kong: How blockchain has quietly become history’s hard drive

In a city where memories disappear every day, people are turning to blockchain to preserve news archives — so the first drafts of history will survive.

The Sandbox NFT metaverse platform raises $93M in Series B led by SoftBank

Sebastien Borget, COO and co-founder of The Sandbox tells Forkast.News how NFTs and an open and decentralized metaverse is transforming the way we live, work and play.

Scams now plague the NFT space. What can be done to stop them?

The big-money world of NFTs is also attracting hackers, thieves and con artists. How do you know if that Ape NFT or digital Banksy is fake?

Institutional inflows into crypto year-to-date 30% higher than 2020 total

Cryptocurrency investment products saw inflows of US$288 million last week, with total inflows year-to-date at a record of US$8.7 billion — 30% higher than the total for 2020, according to digital asset manager CoinShares. Fast facts Bitcoin continued to lead with institutional inflows of US$269 million last week, albeit at a significantly lower level compared […]

Tech giants vow to resist NFT hype; Squid token under scrutiny

China’s tech cut ties to NFTs as Squid Game token leaves users questioning its legitimacy.

Ant Group, JD.com, Tencent pledge to resist speculation of ‘digital collectibles’

Ant Group and Tencent recently rebranded NFT projects as digital collectibles amid China state media criticism.

Why blockchain is the operating system of the digital age

Blockchain has achieved platform status, writes Don Tapscott of Blockchain Research Institute. Get ready for the ‘trivergence’ that will shake up the world.

China eyes blockchain for carbon trading

A department director of the Shanghai Environment Energy Exchange (SEEE) said that blockchain will play an important role in the Chinese carbon cap-and-trade system for confirming, trading, and circulating carbon emission data. The statement comes at a time when China is intensively issuing top-down documents on reducing carbon emission heading into the 26th United Nations […]

Defiant Facebook, now renamed Meta, goes all in on metaverse strategy as scrutiny tightens

Facebook, now called Meta, is casting off one of the world’s most famous names to retool itself into a metaverse company. Will its $10 billion bet pay off?

Warning issued over K-pop crypto; Dog fight hits crypto market

Warning issued over K-pop crypto meanwhile Dog fight hits crypto market

China’s state-backed blockchain network plans to launch NFT infrastructure

Red Date Technology, the company China tapped to manage its Blockchain-based Service Network (BSN), said today it plans to fully launch an infrastructure for non-fungible tokens (NFTs) by the end of January 2022. Fast facts Red Date revealed on Friday an NFT infrastructure plan — BSN-Distributed Digital Certificate (DDC) — at its BSN Open Permissioned […]

FATF updates regulatory guidance for crypto industry

The global AML watchdog provides clarifications on how crypto is to be regulated — and why DeFi could see more scrutiny.

Back to the future: Why Bitcoin is still a game-changer

Bitcoin is awakening humanity to its own sovereign capacities, says Ben Caselin of AAX. Here’s why the world’s first cryptocurrency is still at the cutting edge of finance and culture.

Facebook changes its corporate name to Meta to build on metaverse vision

Facebook CEO Mark Zuckerberg announced the social media giant is rebranding its corporate name to Meta as it focuses on building out its metaverse vision of an embodied internet with immersive spaces and experiences where people can digitally connect. Fast facts “The metaverse is the next chapter for the internet and it’s the next chapter […]

Tales from the Crypt, 2021: 10 crypto horror stories

Behind this year’s giddy markets, evil and tragedies abound. Just in time for Halloween, Forkast.News shakes out the skeletons in crypto’s closet.

‌How‌ ‌can we better ‌protect‌ ‌digital‌ ‌assets‌ ‌and‌ ‌guard‌ ‌against‌ ‌hackers‌?

‌‌As‌ ‌Asia‌ ‌warms‌ ‌to‌ ‌crypto,‌ ‌cyber attacks‌ ‌are‌ ‌growing‌ ‌in‌ ‌sophistication,‌ ‌writes‌ ‌Shahnawaz‌ ‌Backer‌ ‌of‌ ‌F5.‌ ‌What can be done to thwart bad actors?

DBS Bank first in Southeast Asia to join Hedera Governing Council

Singapore’s DBS Bank — Southeast Asia’s largest lender — has joined the Hedera Governing Council, a diverse group of companies that governs and supports the Hedera network, an enterprise-grade public ledger of transactions, according to a media statement. Fast facts DBS — the first and only bank in Southeast Asia to join the Governing Council […]