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The Financial Stability Board (FSB) published on Monday a global regulatory framework for crypto-asset activities to provide a global regulatory and supervisory foundation for crypto. The recommendations made to the G20 – the 20 leading economies of the world – are based upon the principle of “same activity, same risk, same regulation.”

Beijing municipal government plans to train 10,000 engineering talents each year in emerging technologies including blockchain, AI and big data.

Scrutiny on the stablecoin’s reserves has intensified since USDT’s latest depegging scare. Paolo Ardoino, CTO of Tether and Bitfinex, delves into the composition of USDT reserves, explaining how the firm ensures dollar redemptions, irrespective of secondary market prices.

Bitcoin rose to US$31,736 on Friday, bolstering Ethereum to above US$2,000, after the court ruled that the sale of XRP did not constitute a security. Bitcoin needs a close above US$31,000 to pave the way for US$32,500, market experts told Forkast.

Welcome to Forkast IQ, presented by Angie Lau, where we look beyond the headlines to get you insights that power smarter decisions. Coming up on today’s show:

Alex Mashinsky, founder and CEO of Celsius Network, pleaded not guilty after being arrested in the U.S. Thursday on several fraud-related criminal charges.

Bitcoin, all other top 10 non-stablecoin tokens logged gains Friday morning. That followed a favorable SEC ruling for Ripple, whose XRP token led the gains.

Top blockchain and crypto news: Standard Chartered eyes US$120,000 per Bitcoin | Another week of declines in NFT market | Sega and Line team up.

As stores of our identity, customs and creativity, NFTs will drive Web3 adoption and become central to the new digital economy, writes Yat Siu, executive chairman of Animoca Brands.

Zebedee, a New Jersey-based payments technology firm, will allow Minecraft players to earn Bitcoin by completing in-game quests.

Bitcoin breached US$31,000 level in the past 24 hours after falling back to hold above US$30,000. Ether and all other top 10 cryptos gained.

Bitcoin rose on Tuesday morning in Asia, after Standard Chartered predicted the token could reach US$120,000 by the end of 2024. Ether and most other top 10 tokens rose.

The global cryptocurrency industry is valued at US$180 billion, with over 10,000 companies employing a total of 190,000 employees, according to a July 5 report from crypto intelligence firm K33 Research. See related article: Singapore, Thailand clarify crypto rules; NFTs become new cultural frontier Fast facts See related article: South Korea, Singapore, Thailand clarify crypto […]

Crypto’s current turmoil in the US stands in stark contrast to other jurisdictions that are paving paths to for the industry to shine, writes Sean O’Connor.

South Korea on Monday held the first preliminary hearing for Terraform Labs co-founder Daniel Shin and seven other former employees on charges related to the collapse of the Terra-Luna crypto project.

While Asia nations such as Singapore and Thailand seem to be following the U.S. regulator in frowning upon certain products offered by crypto exchanges, the approach in Asia so far seems to be clarity instead of court battles, in contrast with North America

Welcome to Forkast IQ, presented by Angie Lau, where we look beyond the headlines to get you insights that power smarter decisions. Coming up on today’s show:

Bitcoin held above US$30,000 for most of the week but lost momentum as the SEC left investors guessing on how it will treat spot Bitcoin ETF applications.

Binance Chief Strategy Officer Patrick Hillmann and Vice President for Compliance Steven Christie both confirmed they are leaving the firm.

Despite a plunge in unique NFT buyers on Cardano, which earned it the nickname “ghost chain,” data reveals that the blockchain’s NFT market outperformed leading competitors such as Ethereum, Solana, and Polygon in June.

Bitcoin, Ether fell along with all top 10 cryptocurrencies. Litecoin and Cardano led the losers. The Forkast 500 NFT index rose, but NFT mood is pessimistic.

NFT market recovers after Azuki’s Elementals mint debacle as traders report liquidity issues amidst price tumble.

Singapore-based DBS bank has introduced a “merchant collection solution” using e-CNY – China’s central bank digital currency – to allow corporate clients of DBS China to collect payments from their customers in e-CNY, and avail the automated settlement of e-CNY directly into their bank deposit account.

Australian Securities and Investments Commission (ASIC), the country’s financial services regulator, searched the local offices of Binance on Tuesday as part of an ongoing investigation of the exchange’s derivatives business, a Bloomberg report said.

Digital assets funds have been flowing in waves all over the world since crypto’s inception, writes Amy Yu, CEO of SEBA Bank. Where is crypto capital going now?

Bitcoin traded flat above US$30,000 while most other leading tokens were mixed. Litecoin and Solana saw the biggest gains among the top 10.

South Korea approved a bill to protect cryptocurrency investors as part of building the country’s first legal framework devoted to digital assets.

Dmitri Cherniak’s generative art NFT, ‘The Goose’, sold for US$5.4 million at Sotheby’s. The sale, a second highest for generative art, signals NFT art’s growing prominence and potential in the Web3 era.

Bitcoin briefly rose to US$31,195 after Fidelity filed its spot Bitcoin ETF application. Can the wave of institutional interest keep Bitcoin above US$30,500?

Binance’s euro banking partner, Paysafe Payment Solutions, will stop offering its services for the world’s largest cryptocurrency exchange from Sept. 25.

Bitcoin and Ether rose during Thursday afternoon trading in Hong Kong, while the top 10 non-stablecoin cryptocurrencies by market capitalization were mixed.

With the announcement of funding invested in Japanese firm Startale Labs, gaming giant Sony will increase its already active exploration of Web3 and the possibilities inherent in blockchain technologies.

Geisha, kimono, tea ceremony — the Japanese city of Kyoto is a place rich in traditional culture. But as the national government pivots toward the cutting edge potential of digital assets and Web3, the city is this week playing host to one of Asia’s largest crypto get-togethers.

Azuki’s Elementals launch may be a turning point for the NFT market, with the continued decline of top projects’ floor prices.

Shanghai on Wednesday released a three-year plan to build its culture and tourism metaverse.

The Shanghai Clearing House started digital yuan clearing and settlement services for trading in commodities on Monday.

Bitcoin shrugged off Prime Trust’s cease order, as risk appetite was bolstered by several TradFi alumni entering the crypto space this week. Could we see more spot Bitcoin ETF applications next week?

Seychelles-registered cryptocurrency exchange OKX, which says it is the world’s second-largest crypto platform by trading volume, opened an office in Dubai on June 15 as part of its global expansion and aims to raise staff numbers to 30 to tap opportunities in the region.

Having a crypto wallet is necessary to participate in a token airdrop, but wallets are also vulnerable to hacks and mishaps, writes Ravindra Kumar of Frontier.

As the US grapples with crypto regulation, Hong Kong and Dubai are emerging as leaders in the global digital economy, writes Ben Caselin of MaskEX.

Paul Chan, Hong Kong’s financial secretary, said more than 150 Web3 companies had registered at the Cyberport business park.

Sotheby’s NFT auction sees Ringers #879 rise to the record books as one of the highest ever generative art in Ether value.

Bitcoin dipped below US$25,000 for the first time in three months, as the SEC’s lawsuits continued to erode crypto investor appetite. Bitcoin needs to hold above US$24,000 to avoid more bearish momentum, industry experts told Forkast.

In this week’s Forkast IQ with Megha Chaddah, we dive into the U.S. SEC’s crypto crackdown and the state of the East Asian metaverses.

Bitcoin, Ether and most top 10 non-stablecoin cryptos rose in Friday afternoon trading in Asia after weeklong slump.

As the US escalates its crackdowns on digital asset companies, it’s also losing its dominance in crypto — to Asia’s advantage, writes Henry Liu of BTSE.

HKMA is urging lenders including HSBC, Standard Chartered and Bank of China to service crypto exchanges. Financial Times reported on Thursday.

Bitcoin fell below US$25,000 support at one stage, while other top 10 non-stablecoin cryptocurrencies dropped as the Fed warned of more interest rate hikes this year.

South Korea, China, Japan — East Asia’s three industrial powerhouses are taking their economic rivalry to the virtual world. Each is developing a domestic metaverse in a race to become the region’s industry leader. This first account in a three-part series takes a look at what’s happening in South Korea.

Recursive inscriptions, an update that allows Ordinals inscriptions to reference another inscription, is set for deployment later this week.

BNB token of crypto exchange Binance dropped 5.5% in 24 hours amid lawsuits against the exchange by the U.S. SEC.

Bitcoin fell below US$26,000, while Solana, Cardano and BNB posted hefty weekly losses after the U.S. Securities and Exchange Commission targeted exchanges with lawsuits.

Bitcoin recovered above the US$26,000 psychological level after a brief dip, as investors seemingly shrugged at the SEC’s crackdown on Binance and Coinbase. The quick crypto recovery could be a sign of a maturing asset class, industry experts told Forkast.

Binance.US, a cryptocurrency trading platform set up by Binance chief Changpeng Zhao to serve U.S. clients, said on Friday that it has suspended U.S. dollar deposits to protect customers amid intensifying regulatory pressure.

Bitcoin fails to break US$27,000 ceiling. Binance’s BNB gained 2%, even as latest SEC filing alleges customer funds were moved to private accounts, a charge Binance rejected.

The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler allegedly offered to serve as an advisor to Binance, the world’s largest cryptocurrency exchange, in 2019, according to a CNBC report on Wednesday that cited documents filed by the regulator. 

The U.S. Securities and Exchange Commission (SEC) has submitted a new court filing to support its lawsuit against the world’s largest cryptocurrency exchange, Binance.

Top blockchain and crypto news: Binance, Coinbase in SEC firing line. Solana NFTs slump as Bitcoin’s surge. New dawn in Hong Kong crypto regulations.

Small cryptos often rise and fall with BTC and ETH — the market’s two biggest players. The concentration risk is profound, and here’s why you should care.

Nearly all top 10 tokens rebounded as investors look beyond U.S. regulator’s lawsuits against two of the world’s most influential crypto exchanges.

The U.S. SEC has extended the list of cryptocurrencies it considers unregistered securities to cover US$115 billion worth of tokens following its Monday lawsuit against crypto exchange Binance, Bloomberg reported on Tuesday.

Ledger’s attempt to simplify self-custody and key recovery triggered a community revolt. Was this inevitable or could Ledger have sidestepped this fiasco?

Bitcoin, Ether traded little changed Monday morning in Asia, along with most other top 10 non-stablecoin cryptocurrencies. However, both Solana and XRP rose.

Japan’s All Nippon Airways, or ANA Group, has launched a non-fungible token platform known as “ANA GranWhale NFT MarketPlace” to trade art and photograph collectibles through its metaverse subsidiary ANA NEO, the company tweeted on Thursday.

Bitcoin fell 1.36% to US$26,805 in 24 hours. Ether slipped 0.82% to US$1,854.

China’s possible entry into NFTs, Russia’s crypto payments, and new token standards fuel market optimism.

Bitcoin and Ether inched up during Tuesday afternoon trading hours in Hong Kong, while the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization were mixed.

The collapse of Silicon Valley Bank and others led to predictions of big shifts away from centralized finance. James Wo examines why that hasn’t happened yet.

Bitcoin traded above US$26,000 as the uncertainty around the U.S. debt ceiling negotiations caused global concerns over a potential governmental default. Crypto markets will stay muted until a deal is reached, Industry experts told Forkast.

Bitcoin and Ether rose during afternoon trading in Asia on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, excluding the Solana and Tron tokens.

Banco Central do Brasil, the central bank of Brazil, has selected 14 institutions to participate in the pilot run of the country’s central bank digital currency (CBDC) named Real Digital.

The launch of Hong Kong’s very own CBDC comes with new regulations for crypto trading platforms operating in the city.