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Search results: Ethereum

Taproot is the biggest Bitcoin upgrade in 4 years — what it means, and price reaction

While Ethereum leads the market in smart contracts, Bitcoin’s Taproot upgrade could help the world’s oldest blockchain emerge as a future contender. Here’s why.

What are the challenges to regulating DeFi?

Developing regulations for decentralized finance is easier said than done. Attorneys Victor Ho, Andre Da Roza and Saranpaal Calais discuss the many legal and practical hurdles.
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Blockchain gaming firm Forte closes $725M Series B funding

In another sign of increasing adoption of blockchain technology in the gaming industry, Forte — a leading provider of blockchain solutions for game publishers — has secured US$725 million in a Series B fundraising round, the firm announced. Fast facts Led by Sea Capital and Kora Management, this follows from the US$185 million it raised […]

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.

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.

Discord dismisses ETH integration amid community backlash

Only two days after hinting via Twitter that leading social media platform Discord may support Ethereum, company co-founder and CEO Jason Citron has clarified the platform “has no current plans” to integrate the two. Fast facts Tweeting in response to the original post, Citron thanked community members for their perspectives and reiterated the firm is […]

South Korean court favors investors in crypto-hacking lawsuit against exchange

The Seoul District Court made an unprecedented ruling in favor of investors who lost their virtual assets in a hacking incident at crypto exchange Coinrail. Fast facts On Wednesday, the court ruled that Linus Co., the operator of the Coinrail exchange, needs to pay the plaintiffs 380 million Korean won (about US$320,000). The plaintiffs, consisting […]

Funding in crypto firms in Southeast Asia surges over 400% in 2021

Amid rising retail and institutional investor interest in cryptocurrencies like Bitcoin and Ethereum, investments poured into crypto firms in Southeast Asia in the first nine months of 2021 surged by over 400% compared with full year 2020 to US$356 million, according to the FinTech in ASEAN 2021 report by UOB, PwC Singapore and the Singapore […]

Crypto markets shudder as Evergrande fears re-emerge

As speculation continues over the fate of the Chinese property development giant, crypto markets were not spared the downturn over fears of its potential collapse.

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.

Bitcoin and Beyond

Bitcoin & Beyond

Apple boss Tim Cook says he owns cryptocurrency

Apple CEO Tim Cook has revealed that he owns cryptocurrency during a discussion yesterday at the New York Times’ Dealbook conference, responding to a question as to whether he owned either Bitcoin or Ethereum. Fast facts While he did not reveal which cryptocurrencies he held, the tech boss said in an interview with Andrew Ross […]

Coinbase reports 75% drop in Q3 profits — despite SHIB listing

The largest U.S.-based cryptocurrency exchange, Coinbase, earned just US$406 million net income in Q3 this year — a 74.7% decline over the previous quarter — according to the company’s investor earnings report released yesterday. Fast facts That figure represents a 500% increase over Q3 last year, but is significantly less than the US$1.6 billion in […]

Unlocking the power of Bitcoin through smart contracts

As Ethereum has become the preferred blockchain for smart contracts, what’s the future of the Bitcoin blockchain?

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

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

Vitalik Buterin: How DeFi, NFTs and DAOs are building a value exchange layer for Web 3.0

Speaking at the Singapore FinTech Festival, Ethereum’s creator discusses DeFi adoption and why he expects Ethereum’s ‘killer ecosystem’ to grow over the next few years.

How Singapore is looking at Web 3.0 and DeFi as it prepares for a digital Singapore dollar

Speaking at the Singapore FinTech Festival, Singapore central bank chief Ravi Menon announces the launch of Project Orchid, a digital dollar project.

Crypto funds see record $8.9B investment inflows so far this year

Signaling increased confidence in the future of digital assets, cryptocurrency investment products saw institutional investment inflows of US$174 million last week — the 12th consecutive week of inflows — bringing year-to-date inflows to a record US$8.9 billion, according to digital assets manager CoinShares. Fast facts Institutional investment into crypto products have surged this year with […]

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.

hashport launches to power cross-network digital asset transfers

hashport, a public utility that facilitates the movement of digital assets between distributed ledger technology networks without the need for a native network token, today announced that it will launch on Nov. 9, according to a media statement. At launch, hashport will connect the Hedera public distributed ledger to the Ethereum and Polygon networks. Fast […]

Solana Ventures, Lightspeed Venture Partners and FTX partner to invest $100M in Web3 gaming

Solana Ventures, Lightspeed Venture Partners and cryptocurrency exchange FTX today announced that they are partnering to invest US$100 million on gaming studios and projects building on the Solana blockchain. Fast facts “Gaming has a massive opportunity to bring the next billion users to Web3,” said Amy Wu, partner at Lightspeed Venture Partners, in a statement. […]

What Solana prices will be at the end of 2021 and beyond

As Solana surges to new all-time highs, 50 fintech experts surveyed by Finder offer predictions on SOL’s price outlook for the end of the year and longer-term.

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?

The Bitcoin-energy connection intensifies

Equities and Bitcoin have a clearly demonstrated bond, but now oil is strengthening its relationship to crypto, too

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.

Aleph.im launches Serum Markets to provide DeFi trading data on Solana

Project Serum, a decentralized exchange on the Solana blockchain, has seen its total value locked (TVL) more than double over the past month to US$2.468 billion, according to data from a new Serum Markets Analytics dashboard launched today. Fast facts Solana — a high performance blockchain and alternative to Ethereum — has been gaining ground […]

South Korea’s Kakao, Com2uS, others race toward the metaverse

Information Technology (IT) firms in South Korea set up shop in the realm of the metaverse, with their first step being non-fungible token (NFT) platforms.

ETH and SOL hit all-time highs; CBA to offer crypto services

ETH and SOL hit all-time highs as well as CBA offers crypto services

Dogecoin, Shiba Inu are becoming crypto alpha dogs in India

Dogecoin and Shiba Inu are gaining massive traction and ranking among the top five traded cryptocurrencies on Indian exchanges. Fast facts Dogecoin contributed 13.76% to the overall trading volume of CoinSwitch Kuber, which claims to be the largest Indian crypto exchange with over 10 million customers, over the last six months, according to a report […]

CME expands crypto derivatives offerings with Micro Ether futures

The Chicago Mercantile Exchange is going to expand its crypto derivatives offerings and launch Micro Ether futures on Dec. 6, pending regulatory review. Fast facts Micro Ether futures will be sized at 1/10th of one Ether, allowing access to a wide range of investors amid surging Ether prices, according to a press release. Ether reached […]

Tarantino auctions seven uncut ‘Pulp Fiction’ scenes as NFTs

Director Quentin Tarantino announced he will auction seven uncut scenes from Pulp Fiction as non-fungible tokens.

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.

BXH says its exploit, now estimated at $139M, came from admin key leakage

The hacked DeFi platform called China’s cyber police first thing as most users appear to be in China.

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 […]

Hong Kong’s CMCC seeks to raise $300 million crypto fund

CMCC Global, a venture capital firm based in Hong Kong, is targeting US$300 million worth of assets in its latest crypto fund, according to Bloomberg. Fast facts Since being launched in April, CMCC’s fourth digital asset fund has gathered assets close to an estimated value of US$90 million with a goal to reach the US$300 […]

Another DeFi platform, BXH, suffers $130M exploit

This follows an attack on Cream Finance that also resulted in a $130M hack.

King Fury movie director launches monster figure NFTs

Martial arts comedy movie series “King Fury” director David Sandberg has launched a new non-fungible token series called “Unicorn Masters” inspired by monstrous action figures from movies in the 1980s and 90s. Fast facts The Halloween edition of Unicorn Masters contain 15 3D-rendered animated characters described as disturbed, disembodied and desiccated. The NFT characters look […]

Squid Game and BTS tokens emerge amid K-culture boom — and warnings to consumers

The wild popularity of South Korean Netflix TV series Squid Game and K-pop boy band BTS prompt parody tokens in the crypto space under circumstances that are being called into question.

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.

Unraveling the mystery behind why Bitcoin prices are all over the place

Even the most reliable media can report wildly different crypto numbers. Forkast.News dives into DeFi math and crypto exchange economics to find out who’s right.

South Korea crypto debate heats up; Bitcoin mining ETF starts trading

South Korea crypto debate heats up, also Bitcoin mining ETF starts trading

Blockchain game Alien Worlds Missions launches on Binance Smart Chain

Popular play-to-earn blockchain game Alien Worlds has launched its Alien Worlds Missions game on the Binance Smart Chain (BSC), according to a media statement. Fast facts Alien Worlds is a decentralized finance (DeFi), non-fungible token (NFT) metaverse where players compete using unique digital items (NFTs), earn Trilium (TLM), the in-game currency, and travel on Alien World Missions […]

DeFi platform Cream Finance suffers $130M exploit

This appears to be the third hack for the protocol this year — yet the biggest one so far.

Polkadot founder Gavin Wood: Decentralization and security are not optional in the search for scalability

More decentralization is being planned for Polkadot as its much-anticipated rollout draws close with the first batch of parachain slot auctions starting on Nov. 11.

Altair upgrade goes live; Hybe and Dunamu consider NFT venture

Altair upgrade goes live, also Hybe and Dunamu consider NFT venture.

Spark Pool allows balance withdrawal as it phases out all domestic, international users

Mining pool Spark Pool, which was once a major Ethereum mining pool, says its users may withdraw existing balances, but beginning Nov. 1 it will no longer offer other services related to mining for both domestic and international users, the company said in a statement. Fast facts Spark Pool last month reacted swiftly to China’s […]

DBS, JPMorgan, Temasek-funded Partior goes live for cross-border transactions

The Singapore government-incubated blockchain platform promises to dramatically speed up transactions and lower the cost of international trade.

Mastercard partners with Bakkt to offer crypto payments

Payments giant Mastercard and cryptocurrencies firm Bakkt Holdings Inc. announced on Monday they have partnered to facilitate cryptocurrency debit and credit card payments. The partnership will make it easier for merchants, banks and fintechs in the U.S. to offer a broad set of cryptocurrency services and ​​enable consumers to buy and sell digital assets through […]

Solana price hits new all-time high amid rising crypto market

As the crypto market lit up with green across the board this morning, the price of Solana (SOL) jumped 6% in a few hours overnight to reach a new all-time high of US$218.73, according to data from CoinMarketCap. Solana’s price has since lost some of this ground, however, and was trading at US$208.57 at press […]

Bitcoin propels crypto institutional inflows to record $1.5B

Crypto investment products saw record inflows last week of US$1.47 billion, with Bitcoin accounting for 99% of the inflows, according to digital assets fund manager CoinShares. Total crypto assets under management also reached a new peak of US$79.2 billion. Fast facts Bitcoin investment products saw record inflows of US$1.45 billion last week. “The record inflows […]

China’s BSN launches service portal in Hong Kong, Macau with digiXnode

Hong Kong-based blockchain technology company digiXnode Technology Ltd. today officially launched an exclusive service portal — for users in Hong Kong and Macau — that grants access to the Blockchain-based Service Network (BSN), China’s public-private nationwide infrastructure project to spur mass adoption of blockchain technology. Fast facts By subscribing to the service from digiXnode’s website […]

Bitcoin hits all-time high; Lotte World opens in metaverse

Bitcoin hits all-time high, also Lotte World opens in metaverse

Bitcoin reaches new all-time price high, but in a very different market since last time

When the world’s largest cryptocurrency last reached a price high, China had yet to crack down on crypto mining, and there was no U.S. Bitcoin futures ETF. What do changing market conditions mean for the growth of Bitcoin and the crypto industry?

A radically different financial architecture is here. Who will own it?

DeFi is a real-world experiment testing out a new model for finance, writes Alex Grebnev of Oxygen. What is the future of banking without Wall Street?

What Singapore’s novel crypto license scheme means for the future of payments

In a special Q&A, CEO Louis Liu describes the hoops FOMO Pay jumped through to win Singapore’s first crypto license and calls its regulator a ‘collaborator.’

Blockchain gaming unicorn Animoca Brands closes $65M capital raise at $2.2B valuation

Animoca Brands, a Hong Kong-based blockchain gaming, metaverse and non-fungible token (NFT) company, has closed a capital raise for US$65 million at a pre-money valuation of US$2.2 billion, according to a company statement. Fast facts Investors in the round included Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Token Bay Capital and Justin Sun, […]

The crypto policy landscape and how to educate policy makers about Web 3.0 | Ep. 5

How the crypto economy is engaging with legislators, what policy makers need to know about Web 3.0 and what role the U.S. infrastructure bill has played in kickstarting better cryptocurrency education.

Martha Stewart, media mogul and lifestyle guru, turns to Halloween-themed NFTs

In a sign that non-fungible tokens (NFTs) are hitting home, media personality and businesswoman Martha Stewart, perhaps the biggest influencer on modern American home life and middle-class domestic strivings, just launched online store FRESH Mint that will sell Halloween-themed NFTs featuring pumpkin crafts and costumed images of America’s domestic goddess herself.  Fast facts The NFT collection is launched in partnership […]

Huobi Japan gets regulator’s approval to offer crypto derivatives

Huobi Japan has been granted approval to offer crypto derivatives as a Type I Financial Instruments Business by Japan’s Financial Services Agency (FSA) — the regulator for financial services in Japan — according to a company statement this week. Fast facts Huobi Japan currently offers spot trading for 14 cryptocurrencies, including Bitcoin, Ethereum and Huobi […]

Trick of the trade: Is SEC helping or reining in Bitcoin with ETF?

Top blockchain and cryptocurrency news: Bitcoin grows up. Facebook’s metaverse journey. China’s crypto investors find a workaround.

Where are Bitcoin prices heading as 2021 ends? 50 experts offer predictions

As the price of Bitcoin hovers just under its all-time high, a report released today by Australia-based comparison site Finder.com is predicting that the world’s largest cryptocurrency will peak at US$80,021 later in 2021 before ending the year slightly lower at US$71,415. Fast facts Bitcoin was trading at US$62,294 at publishing time, just below its […]

How Singapore’s crypto regulations are shaping its DeFi space

Singapore is a major crypto hub. But for whom? In this primer, Malcolm Tan explains the island-state’s regulatory evolution and which groups are no longer in its favor.

Institutional investors pour into Bitcoin amid ETF excitement

As excitement grew over the imminent approval of Bitcoin futures exchange traded funds (ETFs) in the United States, Bitcoin investment products saw inflows of US$70 million last week — the fifth consecutive week of inflows — while Ethereum saw outflows of US$1 million, according to digital assets manager CoinShares. Fast facts According to CoinShares, the total […]

What the coming Bitcoin-futures ETF bonanza means for investors

The first US Bitcoin futures EFT is set to begin trading today. Will this exchange-traded fund bring Bitcoin closer to the masses?

China fuels blockchain development despite stricter crypto ban

Authorities encourage new ways to apply blockchain across various industries, although there’s no room for crypto
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As regulators circle above, how should the DeFi industry respond?

Traditional finance evolved over centuries while DeFi is coming into its own in a few years, writes Adi Ben-Ari of Applied Blockchain. Are its risks inevitable?

BTC price nears all-time-high as futures ETFs near approval

The U.S. could see a long-awaited Bitcoin futures ETF trading on the New York Stock Exchange and the Nasdaq in the next few days. Forkast.News spoke with market watchers to find out what it means for the industry.

Taking opulence online: How blockchain is beckoning luxury brands

As luxury brands eye the virtual realm, Zilliqa co-founder Max Kantelia looks forward to a convergence of desirable objects and digital opportunities.

Sotheby’s to auction digital art in a digital world

Sotheby’s, the 277-year-old auction house, is launching its own immersive digital experience to offer prospective buyers a new way of engaging with the latest art-world craze — non-fungible token (NFT) artworks — according to a press release shared with Forkast.News. Fast facts Sotheby’s is creating a metaverse to allow users to explore and learn about […]

Taiwanese fintech startup XREX collaborates with TRM Labs to ramp up security

XREX Inc., a Taipei-headquartered crypto-fiat exchange and trade technology platform, today announced a partnership with TRM Labs, a blockchain intelligence provider, to ramp up its platform’s security and enhance its ability to combat fraud and suspicious activities. Fast facts XREX said in a statement it has put to use the risk management tools developed by […]