ConsenSys raises $450M in Series D, raises valuation to $7B
Ethereum software developer ConsenSys announced on Tuesday it has raised US$450 million in Series D funding, bringing its valuation to US$7 billion. See related article: New Cosmos, Mastercard projects to boost Ethereum scalability Fast facts The latest funding round was led by ParaFi Capital, with investors including Temasek, SoftBank Vision Fund 2 and Microsoft. The […]
Singapore imposes sanctions; Bitcoin bucks market trend
Crypto exchange Binance has won a license to operate in Bahrain. Meanwhile in Southeast Asia, Singapore’s Monetary Authority has designated Russian banks amid growing sanctions.
Which altcoins will take center stage in 2022?
Investors believe Bitcoin will stand its ground this year but in the altcoins world, some rising stars are brimming with potential.
Singapore targets designated Russian banks amid sanctions
The Monetary Authority of Singapore (MAS) has imposed financial measures targeting designated Russian banks, entities and activities in Russia, and fundraising activities benefiting the Russian government, in response to Russia’s invasion of Ukraine. See related article: Singapore prohibits crypto, NFT transactions in sanctions against Russia Fast facts An MAS notice named the designated banks as […]
How crypto is driving diversity and gender equality
While crypto used to be associated with a ‘bro’ culture, it is now maturing into a hotbed for inclusivity, writes Cynthia Wu of Matrixport.
EU votes against de facto Bitcoin mining ban
The European Parliament voted on Monday against a de facto ban on cryptocurrencies that rely on energy-intensive proof-of-work (PoW) consensus mechanisms, such as Bitcoin, from its proposed Markets in Crypto Assets (MiCA) framework. See related article: How serious is the threat of Bitcoin mining to the environment? Fast facts The Parliament’s Economic and Monetary Affairs […]
Singapore’s crypto future; Korea “White Day” NFTs a hit
Singapore’s image as a “crypto hub” may soon change as the country doubles-down on it’s stance that crypto currency is “not suitable for the general public”. Meanwhile, Korean convenience store giants CU launch their White Day NFT competition.
Japan urges crypto exchanges to comply with Russian sanctions
Japan’s Financial Services Agency and Ministry of Finance jointly announced penalties on crypto exchanges that do not comply with sanctions on Russia following its invasion of Ukraine, following G7 vows to tighten crypto sanctions. See related article: Russians turn to crypto as Western sanctions hit the ruble Fast facts See related article: Russia faces crypto […]
How Singapore is reimagining its ‘Asian crypto hub’ image
The Lion City has been the place to be for crypto firms, but retail activity is slowing down while the central bank continues to build a haven for institutional investors.
20,000 line up for S.Korean convenience store’s NFTs on White Day
South Korean convenience store CU’s non-fungible token (NFT) collectibles airdrop event for White Day, a local romantic holiday, drew in more than 20,000 applications. Read related article: Samsung-backed university to issue NFTs to select graduates Fast facts March 14 is celebrated as White Day in Japan and Korea, where men return the favor to women […]
US bill targets e-CNY; Russian sanctions hurting public
Blockchain data analysis platform Chainalysis has launched a set of free sanction screening tools. Meanwhile, lawmakers in the US take aim at China’s digital yuan, or e-CNY, while Russian sanctions begin to highlight issues with financial sovereignty as hundreds of thousands of Russian and Ukrainian civilians are caught in the financial crossfire.
Two sides to every coin: Crypto as a weapon in the fight for Ukraine
Cryptocurrency is being used both to fund Ukraine’s defense and prevent Russia’s ability to skirt sanctions in what may become a pivotal moment for the industry.
A crypto bull wins the presidency: What it means for South Korea
ICOs, revamped taxation, and investor protection reverse a past crypto reluctance under the incoming administration.
Polkadot is top crypto held by VCs and hedge funds in Q4 2021
Around 42% of venture capital and hedge funds investing in crypto are betting on the success of Polkadot’s smart contracts platform, according to Messari’s fund analysis. See related article: What is Polkadot and why is it one of the hottest blockchains right now? Fast facts Polkadot was the most commonly held altcoin in Q4 last […]
Tomorrowland wants to bring music to Web 3.0 with FTX Europe
Global cryptocurrency exchange FTX’s European arm announced a partnership with Tomorrowland on Thursday with goals to bring blockchain and Web 3.0 applications to the popular electronic music festival. Fast facts The partners will explore Web 3.0 applications such as non-fungible tokens (NFTs) for art, music, ticketing, as well as crypto payments and metaverse events. The […]
Chainalysis launches crypto wallet sanction screening tools
Blockchain analytics firm Chainalysis announced the launch of two screening tools on Friday that will allow cryptocurrency wallet owners to determine if wallets are compliant with global sanctions efforts and will be provided free of charge to the crypto industry. See related article: Coinbase blocks 25,000 Russian crypto wallet addresses Fast facts Centralized exchanges widely […]
Sanctions expand for Belarus; Korea’s crypto promises
As the Russia-Ukraine conflict rages on, the European Union says that crypto is included in the sanctions against Russia and Belarus. Meanwhile, South Korean President-Elect Yoon Suk-Yeol’s term in office could bring about long awaited changes in the crypto sector.
Russians turn to crypto as Western sanctions hit the ruble
As Russia’s economy began to tank, data shows many turned to Bitcoin and other cryptocurrencies as a store of value and means of transacting.
India’s crypto tax will incur losses for government, says WazirX CEO
India’s plans for a 1% tax deducted at source (TDS) on every crypto transaction will result in huge losses for the government, Indian crypto exchange WazirX founder Nischal Shetty said on Wednesday. See related article: Indians see future in crypto, government sees revenue, FM says Fast facts Shetty argued more revenue is to be expected […]
EU says crypto included in sanctions against Russia and Belarus
The European Union (EU) said on Wednesday that crypto assets fall under the scope of “transferable securities” in its sanctions imposed on Russia and Belarus. See related article: Russian banks turn to China’s UnionPay as Visa, Mastercard pull plug Fast facts The EU is extending its sanctions to Belarus for its involvement in Russia’s invasion […]
China seizes mining rigs; Ukraine crypto backlash warning
In China. authorities bust a mining operation disguised as an E-V charging station. Going into Europe, Ukraine reiterates it’s calls for a blanket ban as the Russians try and preserve the value of the ruble.
Russia faces crypto freeze as exchanges toe line on sanctions
Top blockchain and crypto news: Moscow faces crypto winter. DeFi doyen quits Fantom. China mulls metaverse moves.
Thailand eases crypto tax burden until 2023 to promote industry
Thailand crypto investor tax burdens are being relaxed from April 2022 until the end of 2023, according to the results of a finance ministry cabinet meeting on Tuesday. See related article: Thailand to regulate cryptocurrency as payment method Fast facts The cabinet approved tax relief measures, including the exemption of a 7% value-added tax (VAT) […]
China busts crypto mining rigs disguised as EV charging ports
Local authorities have seized 1,106 mining rigs from two cities in China’s southeastern province of Guangdong. See related article: China customs seizes 49 second-hand crypto mining rigs for export Fast facts The Guangdong Provincial Development and Reform Commission announced on Tuesday that it had uncovered a mining farm in Guangzhou disguised as electric vehicle (EV) […]
Public will boycott crypto firms serving Russians: Ukraine minister
Cryptocurrency exchanges will face public backlash if they continue to operate in Russia, Alex Bornyakov, Ukraine deputy minister of digital transformation, said in an interview with Reuters on Tuesday, reiterating his call for a blanket ban on Russian crypto traders. See related article: Coinbase blocks 25,000 Russian crypto wallet addresses Fast facts “Private business decides […]
How will digital money play into banking’s future?
Blockchain technology is rapidly transforming the finance sector. DBS Bank CEO Piyush Gupta offers an insider’s look at what’s coming next.
Coinbase blocks Russian addresses; Philippines plans CBDC
US crypto exchange Coinbase has blacklisted 25,000 Russian wallet address in response to the ongoing Russian-Ukraine conflict. Meanwhile in Asia, English-language newspaper South China Morning Post announces the launch of its metaverse experience.
China plans crackdown on illegal fundraising in metaverse, NFTs
China Supreme People’s Procuratorate warned of “severe punishment” for financial crimes such as illegal fundraising and money laundering in a work report released on Tuesday. See related article: ‘Metaverse’ enters government radar at China’s Two Sessions Fast facts China’s highest procuratorate has taken note of rising financial crimes deemed illegal fundraising, disguised as metaverse, non-fungible […]
Binance launches fiat-to-crypto service Bifinity
Binance has launched its own fiat-to-crypto service provider Bifinity to improve on-ramps and encourage more merchants to take crypto payments. See related article: Israel added to Binance’s list of global regulatory trouble spots Fast facts Bifinity offers over 50 cryptocurrencies and supports major payment methods, including Visa and Mastercard. Crypto business aggregator Coinmap has tracked […]
China discusses the metaverse; Blockchain community comes together
As China’s Two Session’s meetings begin, ‘Metaverse’ enters the Chinese government’s radar. And while the invasion of Ukraine continues, Singapore announces new sanctions on Russia.
Singapore prohibits crypto, NFT transactions in sanctions against Russia
The Monetary Authority of Singapore (MAS) has prohibited transactions involving digital assets such as cryptocurrencies and non-fungible tokens (NFTs) in its sanctions against Russian banks and entities, the central bank said in a statement. See related article: USDT-RUB volume outpaces Bitcoin pair as Russia sanctions pile Fast facts Following Russia’s invasion of Ukraine, MAS will […]
Conflict currency: How crypto has become enmeshed in the war in Ukraine
Bitcoin and other cryptos are being used on both sides of the fight, raising ethical issues that cut to the core of decentralization, says AAX’s Ben Caselin
Korean exchanges block Russians; Crypto’s role in conflict
As the war in Ukraine enters it’s second week, we take a look at how cyptocurrencies and digital assets can play a role in a conflict.
OpenSea blocks Iranian users, citing US sanctions list
OpenSea users based in Iran claim their accounts have been suspended from the U.S.-based non-fungible token (NFT) marketplace, in a growing list of users experiencing restrictions from cryptocurrency-related service providers due to sanctions against the Iranian government, CoinDesk reported. Fast facts See related article: Binance may join sanctions imposed on Russian targets Many OpenSea users […]
The future is decentralized: How Web3 can reshape the world
As the public tires of Big Tech’s privacy abuses, Web3’s premise of decentralization has never looked better, writes Edward Chen of Huobi.
At least 3M Aussies own some form of crypto asset
Australia estimates at least three million Aussies, or 11% of its people, own some form of crypto asset, according to a government-backed report published on Wednesday. See related article: Australia announces biggest overhaul to payments in 25 years — eyes now set on crypto Fast facts Crypto has been on Australia’s radar, with the Senate […]
Russian accounts frozen in Korea; China’s Two Sessions beckons￼
Crypto donations on the rise for Ukraine as Russian aggression continues. Meanwhile in Asia, China’s Two Session’s are set to begin – could Ukraine and crypto be a part of the agenda?
Can crypto cushion Russia from the pain of sanctions?
War-mongering Russia is finding itself increasingly isolated. What if the rogue state tries to regain its financial footing via cryptocurrency?
China’s Two Sessions: what to expect for blockchain
Look for progress reports on e-CNY, blockchain technology, new digital infrastructure, and subtle mentions of the international sanctions against Russia.
India’s blockchain courses ramp up to meet demand for learning
Recruiters from the public and private sectors are on the hunt for top blockchain talent. Educational institutions are catching up with customized courses.
S.Korean crypto exchange freezes around 20 Russian accounts
South Korean cryptocurrency exchange Gopax announced on Wednesday that it has frozen and blocked Russian accounts and IP addresses from its platform. See related article: Russian ruble plunges; Ukraine DAO aids civilians Fast facts According to local media, the exchange has blocked around 20 accounts belonging to Russian users. Gopax said its restrictions align with […]
Ukraine fundraising gathers pace; Korea’s crypto election?
Support for Ukraine in the crypto world grows as Russia’s attack continues. Meanwhile, hackers gives American tech giant an ultimatum.
Bitcoin shores up Ukraine fighters amid Moscow’s money meltdown
Top blockchain and crypto news: Digital currency battling Russian invasion. Ethereum remains NFT projects’ chain of choice. China to lock up crypto traders.
Over half of S.Korea crypto traders are in their 30s and 40s
South Korea’s financial regulator revealed Tuesday that 58% of the country’s 5.58 million cryptocurrency traders are in their 30s and 40s. See related article: S.Korea crypto market growing but needs promotion, not just regulation: BCG Fast facts South Korea’s Financial Intelligence Unit released its first report on the local US$45.8 billion crypto market. South Korea […]
Russian ruble plunges; Ukraine DAO aids civilians
Sanctions on Russia have prompted a resurgence in the Crypto market as the Russian ruble takes a nosedive. And as the attack on Ukraine continues, a decentralized autonomous organization is created to support Ukrainian civilians who have joined military efforts.
‘We don’t have time’ for traditional fundraising, crypto is most efficient: Ukraine DAO
With limited access to donations through traditional crowdfunding, cryptocurrencies and NFTs offer immediate help, Trippy Labs tells Forkast.
USDT-RUB volume outpaces Bitcoin pair as Russia sanctions pile
The trading volume of the USDT-RUB pair spiked to a 10-month high and outpaced the ruble’s Bitcoin pair as international sanctions against Russia shake local financial stability. See related article: US asks crypto exchanges to comply with Russian sanctions: report Fast facts The daily trading volume of the BTC-RUB pair surged to over 3 billion […]
How the market is evolving from GameFi to SocialFi — and what comes next
A blockchain is a database that can record all transactions and transfers for the entire world. All users can use public blockchain explorers to verify all data is correct. Blockchain facilitates transactions of virtual currencies like Bitcoin and Ethereum. Transactions that take place are fast, cheap, tamper-proof and irreversible. But blockchain technology is not limited […]
Crypto market gained $200B in the last 12 hours
The global cryptocurrency market cap recovered above US$2 trillion since dropping below the mark in mid-February, in a US$200 billion 12-hour run. See related article: Bitcoin, crypto market tank as Putin declares war on Ukraine Fast facts Bitcoin’s price jumped over US$2,000 in a 10-minute window from 6:30 am HKT Tuesday to mark a ceiling […]
Binance assembles sanction task force; India seeks bitcoin clarity
Ukraine is offering Russian soldiers cash or crypto for their surrender in the ongoing attack on Ukraine. Meanwhile, Binance is working to comply with sanctions on Russia.
Who are the biggest players in the metaverse today?
The multi-faceted metaverse provides new channels for gaming, socialization, art exhibitions and more. Who’s leading the race and how?
Will Bitcoin and Ethereum make a comeback in 2022?
Russia’s war on Ukraine is battering crypto prices, but what does the more distant future hold for BTC and ETH? Fintech experts offer predictions.
Ukraine crypto donations top $36M amid Russian invasion
Cryptocurrency donations to Ukraine through government and private channels have topped US$36 million as contributions continue to mount throughout the Russian invasion. See related article: Binance may join sanctions imposed on Russian targets Fast facts The Ukrainian government has received 113 BTC and 2,001 ETH, totaling almost US$10 million, as of press time. Binance has […]
Ethereum reaches 1 million NFT buyers as gas fees sink
The total number of unique non-fungible token (NFT) buyers on the Ethereum blockchain crossed the 1 million customers milestone on Sunday as the network’s gas fees slid to its lowest since August. See related article: Ethereum price expected to hit $7,609 in 2022: report Fast facts NFT sales on Ethereum increased by 36.06% in the […]
Russian soldiers offered Bitcoin in exchange for white flag
Russian soldiers surrendering to Ukraine will receive 5 million rubles worth of crypto or cash, according to Masha Efrosinina, local TV host and honorary ambassador of the United Nations Population Fund in Ukraine. See related article: Ukraine’s crypto demand soars; Russian sanctions tighten Fast facts Efrosinina said in an Instagram post that surrendering soldiers of […]
India top court queries crypto legality over $2.6B Bitcoin scam
The Supreme Court of India has sought clarification from the government on the legality of cryptocurrencies in the country in the wake of surging Bitcoin scams, local media reported. See related article: Indian crypto scam investigated Fast facts A bench comprising Justices D Y Chandrachud and Surya Kant asked additional solicitor general (ASG) Aishwarya Bhati […]
Binance may join sanctions imposed on Russian targets
Binance is working to comply with sanctions on Russia imposed by Western governments following the invasion of Ukraine. See related article: Bitcoin donations for Ukraine military surpass $1M Fast facts “We have assembled a dedicated global compliance task force, including world-renowned sanctions experts, and are taking the steps necessary to ensure we take action against […]
Ukraine’s crypto demand soars; Russian sanctions tighten
Trading volume on Ukrainian crypto exchanges triples as Russia continues its attack on Ukraine. Meanwhile, there is still no sign of Russia using crypto to evade sanctions yet,
Russia unlikely to turn to crypto if SWIFT sanction is imposed
Measures to detect sanctioned entities’ crypto transactions can come into play, experts say.
Play to live: GameFi drives a Southeast Asian crush on crypto
More people in the region are in thrall to play-to-earn gaming as it adapts to offer real-world uses, says Infinity Ventures Crypto founding partner Brian Lu.
BitMEX founders Hayes, Delo fined $10M each, plead guilty to AML violations
BitMEX founders Arthur Hayes and Benjamin Delo pleaded guilty to violating the Bank Secrecy Act’s anti-money-laundering provisions, the U.S. Attorney’s Office in Manhattan said on Thursday. See related article: BitMEX pays US$100M to settle AML, KYC compliance breach charges Fast facts Under the terms of the plea agreement, Hayes and Delo will each pay US$10 […]
Crypto traders in China may serve over 10 years in prison
China’s Supreme Court specified cryptocurrency trading as a means of illegal fundraising in its latest judicial interpretation of criminal law released on Thursday, the first time in the country’s history. See related article: Court in China says trading in cryptocurrency ‘not protected by law’ Fast facts A judicial interpretation is the Supreme People’s Court’s official […]
Here’s why Australia can’t use its empty deserts to mine Bitcoin
Sunny skies and wide open spaces may seem the perfect place to mine Bitcoin using cheap solar power, but one industry insider tells Forkast there’s much more to it than that.
Russian attack hits crypto: MUFG to close blockchain venture
The crypto market tanks after Russian President Vladimir Putin announces a military operation in Ukraine. Meanwhile, Japan’s biggest financial group closes it’s blockchain payment venture.
Dogecoin price prediction for 2022 set lower than February peak
Dogecoin is expected to close this year at US$0.163, a fraction of a penny less than the memecoin’s February peak of US$0.168, according to Finder’s panel of 33 cryptocurrency and fintech experts. See related article: Ethereum price expected to hit $7,609 in 2022: report Fast facts The panel predicted Dogecoin’s price to double to US$0.32 […]
Bitcoin, crypto market tank as Putin declares war on Ukraine
The cryptocurrency market took a nosedive in what was already seeming like a day in the red zone after Russian President Vladimir Putin declared a “special military operation” for the “demilitarization and de-Nazification of Ukraine.” See related article: Crypto market tumbles amid uncertainty over Russia and Ukraine Fast facts The global cryptocurrency market cap dipped […]
Binance’s investment in Forbes is a wake-up call for the crypto industry
When the world’s biggest crypto exchange acquires a major stake in the business publication it once sued for defamation, should we worry?
BSN to integrate CasperLabs’ chain to support NFT issuance in China
CasperLabs, a smart contracts protocol, is set to power part of China’s state-backed non-fungible token (NFT) network, to support the legal issuance of NFTs in mainland China. See related article: BSN to integrate Neo’s chain to bolster NFT issuance in China Fast facts The Blockchain-based Service Network (BSN) will add Casper Network-powered Fuzhou Chain to […]
Crypto losses not protected in China; India’s bitcoin premium
Chinese court reiterates its stance that the law cannot cover crypto losses. Meanwhile, Indian investors are paying double the South Korean kimchi premium.
India’s crypto ads to get ‘highly risky’ banners starting April
All cryptocurrency ads in India will carry standard disclaimers to warn investors of risks associated with crypto beginning April 1, as per guidelines released by the Advertising Standards Council of India (ASCI) on Wednesday. See related article: Indian court seeks standardized disclaimers on crypto ads Fast facts The disclaimer must read: “Crypto products and NFTs […]
Russia retreats from crypto ban as it pushes rules for industry
Moscow moves to regulate crypto. OpenSea’s security struggle. Will China cool its metaverse mania?
Why India’s Bitcoin premium is now higher than South Korea’s
The RBI is casting a cloud of regulatory uncertainty over the local digital assets industry, but the nation’s Bitcoin premium shows India wants crypto.