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Bitcoin extends ATH run, breaks US$72,000

Bitcoin trades above US$72,000 for the first time in its history.

Hong Kong central bank unveils Project Ensemble for tokenization

The Hong Kong Monetary Authority launches a wholesale CBDC project to support tokenized asset transactions and financial innovation.

SEC Chair Gensler remains silent on Ethereum’s status amid ETF reviews

Gary Gensler, SEC Chair, avoids commenting on Ethereum’s security status as the agency reviews spot ETF applications.

SEC commissioners criticize unclear crypto enforcement after ShapeShift settlement

Two SEC commissioners express concerns over the agency’s ambiguous approach to cryptocurrency regulation following a recent settlement with ShapeShift.

SEC’s Hester Peirce calls for clear crypto regulation

SEC Commissioner Hester Peirce urges for sensible crypto regulation to support innovation and protect U.S. industry interests.

Robinhood integrates with Arbitrum for efficient crypto swaps

The trading app Robinhood has partnered with Ethereum scaling solution Arbitrum to offer token swaps in its self-custody wallet.

China warns of counterfeit digital yuan app scam

The Chinese government alerts citizens to a fraudulent app imitating the official digital yuan platform.

UK moves to classify cryptocurrencies as property

The UK Law Commission proposes a new legal framework to recognize cryptocurrencies as property, aiming to provide clarity and protection for digital assets.

Animoca brings 3 crypto wallets onto its Mocaverse network

Animoca Brands announces partnerships with OKX Wallet, Crypto.com DeFi Wallet, and Halo Wallet, elevating the user experience in the Mocaverse network.

Jack Dorsey’s BlueSky now open for all

BlueSky, the decentralized social media platform by Jack Dorsey, opens its doors to the public.

South Korean crypto criminals to face life sentence

Crypto criminals with more than US$3.76 billion in profits may face life in South Korea.

Tether, Solana’s Yakovenko back Oobit with US$25 mln funding

Industry giants Tether and Yakovenko invest in Oobit’s $25M funding round.

Genesis proposes US$1.6 bln asset sale amid bankruptcy

Genesis, in bankruptcy, seeks court approval to sell Bitcoin and Ether trust assets worth US$1.6 billion.

OPNX exchange to cease operations

OPNX, founded by Su Zhu, ceases operations due to FTX estate’s recovery claims.

JPMorgan downgrades Coinbase to underweight

Analysts at JPMorgan slash Coinbase rating to underweight, questioning ETF impact.

Mt. Gox confirms addresses for BTC repayment plan

Long-awaited Bitcoin repayments closer as Mt. Gox confirms creditor addresses.

Bitcoin mining’s green mile: 54.5% sustainable energy use

Bitcoin mining now more eco-friendly than ever, reaching a 54.5% sustainable energy usage.

Bitcoin spot ETFs break US$10 bln trading barrier

Investors flock to Bitcoin spot ETFs, pushing trading volumes past the US$10 billion milestone.

USDT rises as money laundering tool in SEA, UN says

A UN report reveals USDT’s growing role in money laundering and underground banking in Southeast Asia

Spot Bitcoin ETFs launch in U.S. markets

Grayscale and BlackRock’s ETFs lead a bullish debut for newly listed Bitcoin ETFs.

USDC issuer Circle attempts public listing again: report

With the filing for an IPO, Circle aims to capitalize on the growing interest in crypto assets, despite recent industry setbacks.

Musk’s social media X halts NFT hexagon avatars

Social media platform X, under Elon Musk, quietly removes NFT profile picture feature, aligning with broader tech industry trends.

Crypto milestone: SEC approves spot Bitcoin ETFs

SEC’s landmark decision approves 11 Bitcoin ETFs, heralding a new era for digital asset investments.

Apple removes Binance, KuCoin apps in India

Major crypto exchanges vanish from Apple’s App Store in India, adhering to FIU mandates.

SEC decision looms: Cboe pushes for Bitcoin ETFs

Cboe appeals to SEC for fast-tracking Bitcoin ETFs.

SEC’s cybersecurity in question after ETF tweet blunder

Following a misleading tweet about Bitcoin ETFs, Senators Vance and Tillis demand answers from the SEC regarding its cybersecurity measures.

Bitcoin ETF applicants make swift amendments to filings following SEC’s response

Imminent SEC decision on Bitcoin ETFs could mark a watershed moment for crypto, spearheaded by industry giants BlackRock and VanEck, reshaping the investment world.

Upbit Singapore secures coveted MPI license

Upbit joins 15 other crypto firms permitted to provide digital payment token services in Singapore.

SEC’s Gensler warns of crypto risks amid Bitcoin ETF buzz

SEC Chair Gary Gensler cautions about cryptocurrency volatility, highlighting investor protection concerns, as his agency nears a decision on spot Bitcoin ETF applications.

MakerDAO’s Christensen wants to make DAOs fun again. He’s not alone.

Projects are rethinking how to make DAOs more fun and less disappointing.

What asset tokenization will look like in 2024 and beyond

Tokenization is on the rise not only in the private sector. In Asia, governments are leading the charge to use this technology for the greater public good.

From Silicon Valley to Sand Dunes: Why Indian crypto firms eye Dubai expansion

Indian crypto companies flock to Dubai, escaping high local taxes and finding solace in the emirate’s favorable regulatory environment.

Creator economy, AI & the move to half a trillion dollars

Welcome to Forkast IQ, presented by Forkast’s Megha Chaddah, where we look beyond the headlines to get you insights that power smarter decisions. In this special edition, Forkast News spoke to one of the leaders of the Web3 industry, Yat Siu, co-founder and chairman of Animoca Brands.

Blockchain can transform the real estate business — if we remove the roadblocks in its way

From reducing paperwork to verifying title quickly, blockchain technology promises to overhaul the age-old industry. But it faces regulatory hurdles and resistance by those who profit from inefficiency.

Why a16z chose London for its first non-US office

Silicon Valley venture giant Andreessen Horowitz plants flag in London: fuels UK’s ascent as a Web3 innovator.

UBS allows crypto ETFs for Hong Kong investors with at least US$2 mln assets

Three SFC-authorized crypto ETFs will be available on UBS’ Hong Kong platform.

Can spot Bitcoin ETFs push Hong Kong to the crypto throne?

Top blockchain and crypto news: Hong Kong mulls Bitcoin ETFs, Ordinals flip Ethereum NFTs, IPO comes full circle.

Grassroots crypto adoption to follow real-world use cases, says Chainalysis APAC policy lead

Blockchain-based gaming and remittances among top drivers toward adoption in central and South Asia.

What we can learn from the sunsetting of Reddit’s crypto rewards program

Reddit’s shortsightedness and fixation on profits ultimately led it to pull the plug on Community Points. But here’s why Reddit should still be commended.

Mitsubishi UFJ launches joint stablecoin study with Ginco, Progmat

The joint study aims to create the infrastructure for issuing regulatory-compliant stablecoins for improved cross-border settlement.

Dubai’s ascent to fintech, Web3 and AI dominance

While Hong Kong and Singapore compete for the top spot, Dubai is already shaping the future of fintech and Web3, writes Mohammad Alblooshi, chief executive officer of the DIFC Innovation Hub.

Yuga Labs, Magic Eden to launch Ethereum NFT marketplace with enforced royalties

Magic Eden Ethereum will be the first major marketplace to contractually obligate creator royalties.

SBF conviction closes “dark chapter” in crypto: Yat Siu

Siu said this marks the crypto industry’s evolution from the FTX collapse and the Terra-Luna meltdown.

SBF trial drama fails to dampen Bitcoin’s meteoric October

Top blockchain and crypto news: Bankman-Fried’s memory lapses, betting on the return of NFTs, ETF dreams and Bitcoin’s Uptober

How blockchain can fortify children’s online safety

Colossal failures in online age verification have opened the floodgates for kids to access harmful content and become ‘friends’ with adult strangers. Can encrypted decentralized IDs put a stop to all that?

‘Uptober’ narrative saved by spot Bitcoin ETF bounce

Often dismissed as coincidence, October has once again produced an upswing in the crypto market, with excitement around a potential U.S. spot Bitcoin ETF to thank for this year’s ‘Uptober.’

Standard Chartered’s Zodia Custody to launch in Hong Kong

The move is part of an Asia Pacific expansion effort by the cryptocurrency custodian.

Taiwan introduces crypto regulation proposal

Taiwan’s new bill mandates crypto platform permits, addressing self-regulation gaps.

Bitcoin soars amid buzz of potential ETF approval: Is a crypto renaissance on the horizon?

Top blockchain and crypto news: Bitcoin ETF potential pumps life in markets. Ethereum NFTs back on rise. Major industry layoffs continue.

US spot Bitcoin ETFs — crypto’s silver bullet?

Amid news, fake or otherwise, of an imminent approval for at least one spot Bitcoin ETF, Bitcoin’s price has skyrocketed. Could a year of pain in the crypto industry be over?

Parity Technologies, Polkadot blockchain developer, lays off 30% of staff

Parity CEO Björn Wagner said that despite the need for layoffs, the company’s financial health “remains robust.”

North America retains crypto crown even as US regulatory clouds loom: Chainalysis

The United States is the region’s top driver of crypto activity.

China’s central bank to ‘resolutely curb’ crypto speculation; Hong Kong updates regulations

PBOC to crack down on crypto speculation, as Hong Kong restricts access to certain “complex” virtual asset products.

Is TradFi’s entry into DeFi a turning point or a sign of greater battles ahead?

The pillars of Wall Street are muscling their way into crypto and decentralized finance. Who stands to benefit the most?

SEC drops all charges against Ripple’s CEO Garlinghouse and co-founder Larsen

The XRP token rose over 6% on the day after the SEC dismissed the charges against Ripple’s top executives.

Gemini, Genesis, DCG sued by New York Attorney General

The lawsuit alleges that the companies defrauded over 230,000 investors.

Coinbase taps Ireland as European hub ahead of MiCA regime

Coinbase said that the regulatory clarity MiCA provides to the industry is “hugely welcome.”

Binance’s rollercoaster week: expansion, setbacks, and the ghost of FTX’s collapse

Top blockchain and crypto news: Is Japan a new frontier for Binance? AI art sweeps NFT sales. ETF buzz electrifies Bitcoin.

Rampant scams highlight critical need for greater crypto literacy

The plight of the Philippines — which has a high rate of crypto adoption but is also plagued by fraud — offers a window into why the industry’s ‘do your own research’ mantra isn’t enough.

Binance Japan — death knell or savior for the nation’s smaller crypto exchanges?

Few tokens and too many exchanges are a bad recipe for Japan’s smaller crypto trading houses. The experts say there’s room for up to five only. So what happens to the little guy now that the world’s largest exchange Binance has rolled back into town?

Fake BlackRock ETF news prompts US$57 mln in Bitcoin long liquidations

Bitcoin briefly spiked to US$29,388 after the fake post, before tracing back the gains.

Binance: One year on from FTX’s downfall

Inside the world’s largest crypto exchange’s annus horribilis.

A Bitcoin ETF is coming to the US. Here’s what to expect when that happens

A spot Bitcoin ETF will allow BTC be easily tradeable without the headaches and pitfalls of self-custody. Its arrival — likely just around the corner — will mark the moment crypto goes mainstream.

Digital frontiers: Alex Tapscott on Web3, AI, and banking’s new dance

From tech monopolies to the synergy of AI and blockchain, Alex Tapscott, author of “Web3: Charting the Internet’s Next Economic and Cultural Frontier,” dissects the trajectories of the digital landscape.

Israel-Palestine crisis: Navigating the intersection of conflict, aid and blockchain

Top blockchain and crypto news: Gaza tensions, digital tremors, NFTs are not dancing in September, Joe Lubin talks traditional system’s twilight.

Japanese yen-backed digital currency set to launch next July

The DCJPY could play a central role in the future’s currency system, according to DeCurret Holdings.

Digital assets are here to stay, Bahamas prime minister says

Bahamian Prime Minister Philip Davis said the island nation will continue to be a pioneer in the digital asset space.

FTX collapse helped the evolution of crypto regulation, says Bahamas securities regulator

FTX’s collapse and the crypto winter helped regulators familiarize themselves with the rapidly evolving crypto industry, said Christina Rolle of the Bahamas Securities Commission.

Ethereum NFT production falls to all-time low in September

NFT production on Ethereum fell to an all-time low in September, as the floor prices of blue-chip NFT collections continued their decline.

NFTs are here to stay — just not as we once knew them

Once driven by speculation and vanity car plate-like profile images, NFTs are now becoming more useful — with value that is not captured by market prices.

Former Alameda CEO Caroline Ellison testifies in ex-boyfriend Sam Bankman-Fried’s trial

Caroline Ellison, Sam Bankman-Fried’s ex-girlfriend and former CEO of Alameda Research, details how the trading firm took around $14 billion from FTX customers to repay lenders.

Blockchain’s 2 billionth user could be an AI, says Joe Lubin

The CEO of blockchain services provider Consensys and co-founder of Ethereum spoke to Forkast at the Token 2049 crypto conference in Singapore. He discussed decentralization and what he sees as the crucial role to be played by blockchain in AI and vice-versa.