The wife of the CEO of Terraform Labs sought protection after an unidentified individual visited their home in South Korea, local police told Forkast.
After the launch of three cryptocurrency exchange-traded funds on Thursday, Forkast spoke with company officials behind two of the funds, along with others in the industry, to see what the new investment platforms offer to investors.
Over 170 advertisements in Chinese tech titan Alibaba’s second-hand marketplace are offering running services to earn cryptocurrency GMT for STEPN users in exchange for fiat commissions. See related article: China’s diktat against NFT flipping spawns an ingenious industry Fast facts STEPN is a blockchain-based decentralized application that allows users to earn GMT cryptocurrency rewards by […]
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, has bought a 7.6% stake in Robinhood for US$648 million, according to a filing with the U.S. Securities and Exchange Commission. See related article: Terra shuts down indefinitely after coming back online; LUNA, UST still on life support Fast facts Bankman-Fried bought the stake through a firm called […]
The South Korean National Assembly Research Service (NARS) asserted a 20% tax on cryptocurrency gains set for 2023 must maintain a 2.5 million won (US$1,942.20) threshold, contradicting new president Yoon Suk-yeol’s initiative to raise the limit to 50 million won, according to a report released on Thursday. See related article: S.Korea finance minister nominee wants […]
The world’s largest cryptocurrency exchange will delist a number of trading pairs linked to TerraUSD (UST), an algorithmic stablecoin that has been in a freefall since earlier this week. See related article: Tether stabilizes after burning 3 billion tokens amid redemptions Fast facts Binance Friday said it will remove and cease the trading of several […]
Terra’s sacrifice of LUNA pushes the UST up to US$0.84. Meanwhile, South Korea plans the institutionalization of crypto.
Bitcoin’s price has dipped to its lowest point since December 2020 amidst bearish cryptocurrency market sentiments to trade at US$28,652, according to CoinMarketCap data at press time. See related article: Terra LUNA’s sacrifice pushes UST to US$0.84 Fast facts The crypto bear run extended on Thursday, as China’s inflation rose by 1.5% in April from […]
Hong Kong police announced on Tuesday the arrest of a 24-year-old who is suspected of stealing HK$1.5 million (US$191,076) in cryptocurrencies in a physical cash-to-crypto transaction. See related article: Hong Kong sees high engagement with crypto, Visa research shows Fast facts The police labeled the rare on-site cryptocurrency theft as a serious crime punishable by […]
Australia’s first three cryptocurrency exchange-traded funds (ETF) launched on the Cboe exchange on Thursday, bringing Bitcoin and Ethereum products to the stock market. See related article: Launch of three crypto ETFs in Australia delayed Fast facts One of the funds, the Cosmos Purpose Bitcoin Access ETF (CBTC) from Cosmos Asset Management, tracks the Purpose Bitcoin […]
The travails of the largest cryptocurrency exchange in the U.S., highlight the perilous path foreign companies have to brave in India’s evolving, but often ambivalent regulatory environment, especially when it comes to new technologies, and industries.
Treasury Secretary Janet Yellen cites UST’s downfall as warning over stablecoins. Meanwhile, China postpones Asian Games and e-CNY rollout.
Top blockchain and crypto news: UST knocked out of Luna orbit. Making NFTs Instagrammable. China’s black market ‘digital collectibles’ trade.
Coinbase CEO Brian Armstrong admitted in Tuesday’s earnings call that the exchange disabled the unified payments interface (UPI) in India because of the central bank’s “informal pressure.” See related article: Coinbase snafu sets the cat among the crypto pigeons in India Fast facts Armstrong’s comments come a month after Coinbase suspended its India services three […]
Coinbase shares are down some 80% from their 52-week high of US$368.90 a share on Nov. 9 through Monday, closing at US$72.99. The stock dropped 19.5% overnight after the U.S.-based cryptocurrency exchange reported a Q1 net loss of US$430 million as trading volume declined 44%. See related article: Coinbase NFT marketplace is now open to […]
South Korea’s kimchi premium dropped to around 3.39% on Wednesday after climbing up to its highest since December, 6.28%, on Tuesday, according to CryptoQuant data. See related article: Korea’s Bitcoin kimchi premium explodes as Kakao rises on Upbit rumors Fast facts Kimchi premium describes the higher price gap between tokens on South Korean exchanges and […]
Coinhako becomes third Singaporean exchange to receive full license. Meanwhile, the blockchain industry reacts to Philippine election results.
A probable run on terraUSD (UST) has weighed on the ability of the company and the non-profit behind the pioneering stablecoin project to defend its dollar peg.
CoinDCX Ventures has pledged Rs 100 crore (US$13 million) to early stage cryptocurrency, blockchain and Web 3.0 startups over the next 12 months, cofounder Sumit Gupta announced on Tuesday. See related article: India’s crypto shakedown be damned, CoinDCX raises $135 million Fast facts Crypto exchange CoinDCX has vouched at least US$258,000 in blockchain and Web […]
Indian tax authorities are exploring the implementation of a 28% goods and services tax (GST) on all cryptocurrency transactions, adding to a 30% tax on profits from crypto asset trading that kicked in on April 1, according to local media reports. See related article: After crypto, India wants to come after DeFi Fast facts The […]
Australia’s first cryptocurrency exchange-traded funds (ETFs) are set to go live on Thursday May 12 on the country’s Cboe exchange after delays kept the financial products off the market for two weeks. See related article: Launch of three crypto ETFs in Australia delayed Fast facts Three funds were initially announced for listing in late April […]
The Monetary Authority of Singapore granted the crypto exchange a Major Payment Institution license, allowing it to provide Digital Payment Token (DPT) services under the Payment Services Act, the company said. See related article: Singapore wants to bring some adult supervision to crypto Fast facts In Singapore, cryptocurrency exchanges are required to be licensed and […]
Tokenizing capital markets could offer greater efficiency and liquidity. How would that work in Hong Kong’s regulatory environment?
El Salvador this week bought 500 Bitcoins for US$15.37 million, taking advantage of a sharp price decline to add to its holdings of the cryptocurrency, which is also legal tender in the Central American country. See related article: El Salvador to build world’s first ‘Bitcoin City’ to be powered by volcanoes Fast facts “El Salvador […]
Gen Z is already keen on metaverse real estate. Will using DeFi to finance property deals — in the real or virtual world — be the next frontier?
Despite Beijing’s rhetoric against speculation in non-fungible tokens, some in mainland China are trading on WeChat groups, spawning an industry that caters to the fervor over the asset class.
The total value locked (TVL) in decentralized finance (DeFi) protocols has dropped from US$217.82 billion to US$179.5 billion in the past 30 days, reaching its lowest point since October 2021, according to DefiLlama data. See related article: DeFi wizard Cronje’s departure sends TVL sinking Fast facts Terra’s Anchor Protocol played a significant role by dropping […]
Graphics card giant Nvidia has agreed to pay a US$5.5 million fine for inadequate disclosure on its sales related to cryptocurrency mining in its 2018 financial statements. See related article: SEC places Chinese crypto mining rig maker Canaan on pre-delisting list Fast facts Crypto mining was a “significant element of its material revenue growth from […]
Almost US$250 billion has been wiped from the cryptocurrency market since Thursday, with Bitcoin tumbling below US$35,000 on Monday for the first time since February. See related article: Bitcoin falls with Nasdaq’s worst performance since 2020 Fast facts Fellow market leader Ethereum was trading at US$2,532 at press time. Terra LUNA was among the biggest […]
As decentralized finance redefines the way money moves, a do-or-die moment is approaching for traditional finance sector businesses, says Anthony Scaramucci.
Hong Kong’s K11 retail and art complex is host to three events to showcase the new, wild and expensive world of non-fungible tokens as (debatable) art.
The non-fungible token market posted a strong bounceback in April. As one industry watcher tells Forkast, the nature of the rebound points to more room for recovery.
Three dozen investors, including Binance, Sequoia Capital, Andreessen Horowitz and Fidelity Management & Research, have provided financing commitments of US$7.14 billion in support of Elon Musk’s bid to buy Twitter, regulatory filings show. See related article: Twitter accepts Musk’s US$44B bid, sends Dogecoin to crypto top 10 Fast facts Oracle co-founder Lawrence Ellison was the […]
Pantera Capital, a U.S. hedge fund specialized in cryptocurrency investment, has closed about 10 deals in India, including one with crypto unicorn CoinDCX, Paul Veradittakit, a partner at Pantera, told The Economic Times. See related article: Temasek leads $200M funding round in crypto firm Amber Fast facts “We plan on doing a lot more (investments) […]
KoinBasket, a cryptocurrency investment start-up, has raised US$2 million in an early-stage funding round with the participation of leading global crypto veterans, the company said in a statement. See related article: India’s crypto shakedown be damned, CoinDCX raises $135 million Fast facts The Singapore-based company will use the funds for product and geographical growth, technology […]
The Korea Society of Fintech & Blockchain (KSFB) and the Korea Digital Asset Service Provider Association (KDA) labeled President-elect Yoon Suk-yeol’s cryptocurrency policy proposals as disappointing for leaving out crucial objectives. See related article: S.Korea’s incoming administration pushes to end ICO drought Fast facts South Korea’s incoming right-wing administration released 110 national tasks on Monday […]
The Nasdaq Composite had its worst drop since June 2020, closing Thursday down 4.99% the day after the U.S. Federal Reserve announced the sharpest interest rate hike since 2000. See related article: Bitcoin flirts with US$40K as Fed stamps highest rate hike in 22 years Fast facts The cryptocurrency market joined the selloff, losing over […]
Coinbase’s non-fungible token (NFT) marketplace has opened to all customers after the beta version was released to a select group of users in April, the Nasdaq-listed cryptocurrency exchange announced on Wednesday. See related article: Coinbase’s NFT market enters beta for select customers Fast facts Coinbase first announced its NFT marketplace in October 2021, and over […]
Binance has received regulatory approval in France, as the world’s largest cryptocurrency exchange continues its global expansion and push for regulatory compliance. See related article: Binance wants to play ball with regulators Fast facts Binance has obtained a digital asset service provider (DASP) registration with France’s Autorité des marchés financiers (AMF), the finance market watchdog […]
Kazakhstan is mandating that cryptocurrency miners file regular status reports in a new ministerial order, as the Central Asian nation attempts to gain a stronger grip on the sector. See related article: Ex-Kazakh president’s brother busted for illegal crypto mining Fast facts Crypto miners must submit information including locations of mining facilities, IP addresses, power […]
Total cryptocurrency market capitalization rose by 5.4% as the U.S. Federal Reserve announced it is raising interest rates by 50 basis points, the sharpest since 2000. See related article: Has Bitcoin become a victim of its own success? Fast facts The increase creates a target range of between 0.75% and 1% following a 25 basis […]
KakaoBank reviews a partnership with a local crypto exchange. Meanwhile, an Indian travel company launches NFTs of travel landmarks.
Top blockchain and crypto news: Otherdeeds debacle stings with gas fee spike. Algorand scores World Cup deal. Will China be forced to embrace Bitcoin?
Decentralized finance (DeFi) lending protocol Clearpool announced Tuesday the launch of a permissioned liquidity pool in partnership with quantitative trading firm Jane Street and crypto and blockchain investment firm BlockTower Capital. See related article: Nexo and Fidelity Digital Assets expand institutional lending services Fast facts The liquidity pool has been funded with US$25 million worth […]
South Korean digital bank KakaoBank announced on Tuesday at its quarterly business performance conference it is reviewing a partnership with a local cryptocurrency exchange. See related article: South Korean banks seek green light on crypto Fast facts “As [crypto] is considered a major asset amongst customers, we are reviewing how we can provide virtual assets […]
The Securities and Exchange Commission (SEC) said it is expanding its crypto asset enforcement team by adding 20 positions, in a move to bolster its efforts to combat cybercrime associated with cryptocurrency. See related article: Peirce dissents from SEC’s US$100M BlockFi settlement Fast facts The SEC on Tuesday said that its staff strength in a […]
MicroStrategy Inc., the world’s largest corporate holder of Bitcoin, reported a total revenue of US$119.3 million in Q1, a 2.9% year-over-year decrease. See related article: Terra’s US$10 billion Bitcoin Bet Sends LUNA to Record High Fast facts As of March 31, MicroStrategy’s 129,218 BTC under management had a carrying value of US$2.896 billion and a […]
Global cryptocurrency exchange Kraken has announced the launch of its non-fungible token (NFT) platform, joining exchanges such as Binance and FTX to do so. See related article: NFT Marketplace Competition Heats Up Fast facts Sellers can list their NFTs in cryptocurrencies supported by Kraken, or in fiat currencies, such as USD, EUR, CAD, GBP and […]
Algorand becomes FIFA’s new blockchain partner for the 2022 competition. Meanwhile, Square Enix sells Tomb Raider IP for blockchain ventures.
The Indian government is exploring ways to levy additional taxes on interest earned on cryptocurrencies through decentralized finance (DeFi) platforms located outside India, according to an Economic Times report. See related article: India tax breaks crypto’s back Fast facts The government wants to impose a 20% tax deducted at source (TDS) or factory-gate levy for […]
Anthony Scaramucci, founder of investment firm SkyBridge Capital and former White House communications director, says governments such as those in China and the US will inevitably allow for people to own and trade cryptocurrencies.
A panel of 36 industry experts revised down the year-end price target set for the world’s second-largest cryptocurrency by more than 11%, according to a report by Finder, an Australian fintech. See related article: Ethereum price expected to hit $7,609 in 2022: report Fast facts Ethereum’s price is expected to rise to US$5,783 by the […]
The Indian Ministry of Electronics and IT has issued a new directive that requires cryptocurrency exchanges to collect and preserve a wide range of client data for five years, 60 days after the date of issuance on April 28. See related article: Indians see future in crypto, government sees revenue, FM says Fast facts “During […]
The Algorand network has signed a deal to become the official blockchain technology partner of the 2022 FIFA World Cup in Qatar, and the 2023 Women’s World Cup in Australia and New Zealand. See related article: What is Algorand and why is it a blockchain to watch? Fast facts Algorand will assist FIFA in developing […]
Last-minute delays to three Australian cryptocurrency exchange-traded funds (ETFs) could allow Toronto-based 3iQ Digital Asset Management to launch the first of such products in the country, the Australian Financial Review reported. See related article: Launch of three crypto ETFs in Australia delayed Fast facts The Canadian firm lodged disclosure documents with the Australian Securities and […]
The Wikimedia Foundation (WMF), the organization that runs the online encyclopedia Wikipedia, will no longer accept donations in the form of cryptocurrency, the foundation announced Sunday. See related article: Ukraine crypto donations top $36M amid Russian invasion Fast facts The decision follows a vote concluded on April 12 where over 70% of the community voted […]
There’s never a dull moment in the news business. Now, as media outlets explore blockchain, the Associated Press’s Dwayne Desaulniers says more change is coming.
Another crypto exchanges moves out of Singapore into Dubai. Meanwhile, two South Koreans have been charged for treason.
A loophole in South Korea’s recent ‘Travel Rule’ means the North Korean hacker behind the stunning espionage saga involving Bitcoin may evade authorities, Forkast learns.
Bilibili, a video streaming platform popular with China’s Generation Z, Thursday announced a batch of Ethereum-based non-fungible tokens (NFTs) for sale overseas. See related article: Resist the temptation on NFTs, Chinese state-backed developer says Fast facts Bilibili said the NFTs will be a series of auto-generated characters with different features such as faces, clothes, skin […]
Three Arrows Capital, a cryptocurrency trading and hedge fund manager, is moving its headquarters to Dubai from Singapore, becoming the latest among a growing number of firms looking to expand their presence in the Middle East. See related article: Dubai could be crypto’s promised land, Citi says Fast facts Su Zhu, cofounder of Three Arrows […]
Goldman Sachs Group Inc. offered its first Bitcoin-backed loan, setting another milestone in Wall Street’s cryptocurrency adoption, Bloomberg reported on Friday. See related article: Crypto milestone on Wall St.: Goldman Sachs makes OTC Bitcoin trade Fast facts The cash loan’s Bitcoin collateral was owned by the borrower, according to the Bloomberg report. The banking giant […]
Singapore says it wants to be a “responsible crypto hub”. Meanwhile, the Okay Bears lift Solana’s sales figures.
The Seoul Central District Prosecutor’s Office has indicted a local executive from a cryptocurrency investment firm and an active-duty military officer for violating the National Security Act by leaking military secrets to a North Korean hacker in exchange for Bitcoin and other cryptocurrencies, according to the prosecutor’s investigation report shared with Forkast. See related article: […]
The city-state wants to position itself as a hub for cryptocurrency service providers while holding onto its reputation as an important cog in the global AML, ATF compliance machinery.
Regulating crypto will take time to ensure the government takes a considered approach, Indian finance minister Nirmala Sitharaman said at Stanford University on Wednesday. See related article: Indians see future in crypto, government sees revenue, FM says Fast facts “We recognize that there is a lot of potential and already well-grounded progress made in the […]
The Seoul Metropolitan Police Agency’s cyber bureau has arrested a 26-year-old man for allegedly defrauding nine investors of 210 million KRW (US$165,798) over the sale of non-fungible tokens (NFTs) of a cat-like character named CatSle. See related article: S.Korean regulators to strengthen watch over NFTs and the metaverse Fast facts According to the police, the […]