Philippines Coins.ph partners with Circle for USDC remittances
Coins.ph joins forces with Circle to introduce USDC remittances, targeting a more efficient and affordable money transfer solution for millions of Filipinos abroad, supporting the UN’s goal of trimming remittance costs by 2023.
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.
Israel crypto firms launch emergency crypto fund
Crypto Aid Israel, a fund aiding war-impacted citizens, uses a multi-signature wallet for Bitcoin, Ether, and stablecoins donations.
Can Asia’s progressive regulators tame crypto’s Wild West?
The Web3 sun is shining in Hong Kong, Singapore and Japan, where forward-thinking regulations are fostering crypto’s growth while boosting investor protections.
ESMA publishes second MiCA consultation paper
The European Securities and Markets Authority (ESMA) is seeking feedback on the second consultation paper on the Markets in Crypto-Assets (MiCA) bill, published on Thursday. See related article: Binance ICO raised less than US$5 mln: Forbes Fast Facts See related article: What Europe’s new spot Bitcoin ETF means for global markets
Binance ICO raised less than US$5 mln: Forbes
Binance’s 2017 initial coin offering (ICO) of its Binance Coin (BNB) reportedly raised less than US$5 million, contrary to the US$15 million claimed by the company and its Chief Executive Officer Changpeng Zhao. See related article: U.S. SEC denied immediate access to Binance.US software Fast Facts See related article: Binance Japan partners with mega bank […]
Crypto trust on trial: Bankman-Fried faces judgment
Top blockchain and crypto news: Spotlight on Bankman-Fried, Pudgy Penguins’ new revenue stream and Google’s Web3 goggles
Bank of Korea to kick off wholesale CBDC pilot
South Korea’s central bank will be launching a pilot program for its central bank digital currency (CBDC) to explore infrastructure requirements, according to an Oct. 4 joint statement by the Bank of Korea (BOK), the nation’s Financial Services Commission (FSC) and the Financial Supervisory Service (FSS). See related article: CBDCs are coming. Here’s why you […]
EU wholesale CBDC plans to publish within weeks, France central bank governor says
European Union central banks will publish plans for a wholesale central bank digital currency (CBDC) in the coming weeks, François Villeroy de Galhau, the governor of France’s central bank, said at a Tuesday event in Paris. See related article: US legislators to discuss CBDC prevention bill on Sept. 20 Fast Facts See related article: Nepal […]
Coinbase obtains Singapore’s Major Payment Institutions license
The Major Payment Institution license from Singapore’s central bank allows the exchange to expand its digital payment token services in the Lion City.
Why regulated decentralized exchanges are the wave of crypto trading’s future
Bringing together the best parts of centralized and decentralized exchanges, RDEXs also take into account the inevitability of regulations.
Philippines no plans to mirror U.S. SEC’s ‘crypto crackdown’, to publish crypto framework by H1 of 2024, says securities regulator
The Philippine Securities and Exchange Commission delayed the publishing of a crypto framework earlier this year citing the FTX collapse in late 2022 as the reason.
‘There’s no doubt we picked a side here’ — Chainalysis founder Michael Gronager talks analytics, Ukraine and crypto adoption in Asia
In the second in a series of 1-on-1 interviews from the Token 2049 crypto conference in Singapore held Sept. 13-14, Michael Gronager, founder of blockchain analytics firm Chainalysis, spoke to Forkast about crypto use in the Ukraine conflict, tracking illicit on-chain activity and digital asset adoption in Asia.
Bitcoin, Ether gain; Wall Street on edge amid government shutdown fears
Bitcoin traded above US$26,300 Thursday morning in Asia after briefly breaching US$26,800. Ether also rose above US$1,600 before falling back.
Top 10 cryptos mixed, SEC again delays decision on Ark Invest ETF filing
Toncoin led losses among top 10 cryptos. Bitcoin dropped while Ether rose marginally.
Bitcoin, Ether tread water; U.S. equities slide with mega-cap tech giants leading the declines
Bitcoin dipped on Wednesday morning in Asia to trade range-bound below US$26,300. Ether edged higher but failed to reclaim the US$1,600 mark.
Bitcoin, Ether rise; BNB leads gains among top 10 cryptos
Binance’s BNB token gained the most after Binance Japan and Mitsubishi UFJ Trust and Banking Corporation jointly announced they are collaborating on the issuance of fiat-pegged stablecoins.
Bitcoin, Ether flat; MicroStrategy adds to Bitcoin holdings
Bitcoin traded flat below US$26,300 Tuesday morning in Asia. Ether edged up but remained below the US$1,600 mark.
Bitcoin, Ether fall with Toncoin leading losses in top 10 cryptos
Bitcoin fell below US$26,500 while Ether dipped below US$1,600 in the past 24 hours.
South Korean entertainment firm NHN to build blockchain games on Sui despite local ban
NHN Corporation announced Friday that it has partnered with U.S.-based Mysten Labs to launch an on-chain game scheduled for 2024.
AI, Asia and analytics — an interview with Nansen’s Alex Svanevik
Blockchain analytics are key to understanding the nascent crypto industry. But the analysis sector is far from immune from the pressures of the ongoing crypto bear market. In the first of a series of 1-on-1 interviews from the Token2049 conference held in Singapore Sept. 13-14, Alex Svanevik, CEO of blockchain analytics firm Nansen, sat down with Forkast to discuss current crypto challenges, the Asia growth market and the increasing use of artificial intelligence in the industry.
Bitcoin, Ether drop; top cryptos retreat with Toncoin leading losers
Bitcoin fell Monday morning in Asia to trade below US$26,300. Ether also dipped and remained below the US$1,600 mark. All top 10 non-stablecoin tokens dropped.
Weekly Market Wrap: Nomura’s Bitcoin Fund, Citigroup blockchain move fail to lift Bitcoin above US$27,000
Bitcoin remained below the US$27,000 mark, despite significant institutional players, like Japan’s largest bank, Nomura, launching a Bitcoin adoption fund earlier this week.
Matic biggest loser among top 10; Bitcoin falls, Ether dips below US$1,600
Matic was the biggest loser in the top 10 cryptocurrencies by market capitalization, falling alongside most other cryptos and with Ether falling below US$1,600. Despite Bitcoin’s sluggish price action, industry experts say that institutions continue adopting the world’s first cryptocurrency. See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 MATIC […]
Bitcoin, Ether and other top-10 cryptos down amid Wall Street sell-off
Bitcoin dropped on Friday morning in Asia to trade below the US$27,000 support level. Ether also retreated and lost control of the US$1,600 mark.
US SEC to tighten regulatory enforcement beyond Coinbase, Binance.US
Top blockchain and crypto news: U.S. SEC steps up regulatory enforcement. Gaming giant Zynga moves into NFTs. Woes ahead for JPEX exchange after HK arrests.
Bitcoin, Ether dip; Toncoin leads crypto retreat following hawkish Fed comments
Bitcoin briefly fell below US$26,900 on early Thursday morning in Asia but is now trading above US$27,000. Ether also dropped but held above US$1,600.
Bitcoin trades above US$27,000; Toncoin extends rally
Bitcoin rose on Wednesday morning in Asia to trade above US$27,200. Ether remained flat at around US$1,640. All other top 10 non-stablecoin tokens logged gains.
How Singapore is redefining Web3’s public-private landscape
Now a top-ranked crypto hub, Singapore is a shiny example of the central role that government can play in nurturing industry growth while bolstering consumer protections.
Bitcoin, Ether rise; Toncoin leads crypto rebound
Bitcoin rose on Tuesday morning in Asia to around US$26,700, after briefly breaching the US$27,000 mark. Ether also logged gains but remained below US$1,650.
US legislators to discuss CBDC prevention bill on Sept. 20
The U.S. House Financial Services Committee announced last Friday that it will discuss a new bill to prevent the issuance of a CBDC.
Bitcoin, Ether flat; altcoins drop amid FTX liquidation
Bitcoin dipped on Monday morning in Asia to trade at around US$26,500. Ether also moved lower but held the US$1,600 support level.
Friend.tech a surprise hit among crypto investors at Token2049 as they urge ecosystem expansion
Funders see the novel social media network as emblematic of an abundance of opportunity in crypto and DeFi amid infrastructure gaps and increased integration with real-world assets
Half a world away — Gary Gensler’s SEC dominates discussion at Singapore’s Token 2049
Billed as Asia’s largest crypto event, Token 2049 took place over Sept. 13-14 in the Southeast Asian city-state of Singapore. Drawing over 10,000 attendees from all parts of the world, there was excitement about blockchain adoption in the region. But repeat references to one man were a reminder of the U.S. regulatory concerns weighing heavily on the crypto industry.
Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750
Bitcoin hit a weekly high of US$26,750 after Deutsche Bank announced plans to offer crypto custody services for institutional investors, days after Standard Chartered launched its own institutional crypto wing.
Most top 10 cryptos rise; Tron, Toncoin biggest gainers
Bitcoin rises past US$26,500. All other top 10 cryptos gain, except BNB.
Bitcoin, Ether rise; Deutsche Bank to provide crypto custody services
Bitcoin rose on Friday morning in Asia to trade above US$26,500. Ether also moved higher to over US$1,600. All other top 10 non-stablecoin tokens gained.
Binance.US CEO calls it quits amid major layoffs
Top blockchain and crypto news: Binance.US undergoes staffing shakeup. Ethereum NFTs at risk. India to take a stand on crypto.
Solana leads winners in top 10 cryptos as Bitcoin, Ether extend gains
All top 10 cryptos gained in Thursday afternoon trade in Asia, except Toncoin.
FTX gets green light to sell US$3.4 billion in crypto assets
A U.S. bankruptcy court in Delaware approved failed crypto exchange FTX’s motion to sell its crypto assets at a court hearing on Wednesday.
Bitcoin back above US$26,000 after CPI release
Bitcoin rose on Thursday morning in Asia to trade above US$26,000. Ether also rose to reclaim US$1,600. All other top 10 non-stablecoin tokens moved up.
Bitcoin, Ether bounce back; altcoins recover after FTX panic
Bitcoin rose on Wednesday morning in Asia to near US$26,000. Ether also bounced back to near US$1,600. All other top 10 non-stablecoin tokens logged gains.
Bitcoin, Ether continue to slide; altcoins under pressure
Bitcoin remained under US$26,000 and Ether dropped below US$1,600 in Tuesday afternoon trade in Asia.
Standard Chartered’s crypto custody arm Zodia launches in Singapore
Zodia Custody owned by Standard Chartered, announced Tuesday that it is launching its services in Singapore for financial institutions.
Bitcoin, Ether lose key support levels; altcoins slide amid FTX liquidation woes
Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level. Ether also slid to lose control of US$1,600.
Bitcoin, Ether extend losses; G20 eyes global crypto regulation
Bitcoin started the week below US$26,000 while Ether dropped to US$1,611. Toncoin and XRP lead losers in the last 24 hours.
Advice for Web3 projects: Your reputation is as important as your runway
Web3 companies often focus on building their tech above all else, but poor public communications can undermine all the work they do.
Bitcoin starts week below US$26,000; Ether dips after hack on Vitalik Buterin’s X account; more rate hike worries on Wall Street
There was red ink across the crypto market Monday morning in Asia as Bitcoin dipped below US$26,000. Ether also fell to near the US$16,000 mark.
Korea Blockchain Week: diverging crypto paths for the US and Asia
The annual Korea Blockchain Week conference in Seoul is running from Sept. 4 to 10. Crypto industry leaders and advocates from around the world have gathered in the South Korean capital to discuss all things blockchain, including the growing regulatory gap between the U.S. and Asia.
Bitcoin above US$26,000; JP Morgan working on blockchain payment system
Bitcoin rose Friday morning in Asia to above US$26,000, leading a rally across most top 10 cryptos. Ether gained but was still below US$1,650.
Coinbase and Wall Street: The merging worlds of TradFi and crypto
Top blockchain and crypto news: Coinbase steps up to fill void of crypto lenders. NFTs extend losses. What’s next for crypto as Singapore gets a new president?
No bounce for Ether after Ark Invest files for its first U.S. spot Ether ETF
Bitcoin traded flat Wednesday morning in Asia below the resistance level of US$26,000. Ether also traded flat, hovering around US$1,600.
Bitcoin, Ether flat; US equities drop as rate hike concerns return
Bitcoin was trading flat below US$26,000 Wednesday morning in Asia. Ether edged up but remained below the US$1,650 mark.
Bitcoin, Ether down; Binance loses another top executive
Bitcoin edged lower on Tuesday morning in Asia to trade below US$26,000. Ether dipped to near the US$1,600 mark.
Bitcoin, Ether remain under key levels; Sol leads gains in top 10 cryptos
Bitcoin and Ether have struggled to gain traction since the Securities and Exchange Commission (SEC) postponed its decision on seven Bitcoin ETF proposals.
Bitcoin flat below US$26,000 as rate hike woes cool down
Bitcoin edged up on Monday morning in Asia but remained below US$26,000. Ether also stayed range-bound at around US$1,650.
Real Bedford — Bitcoin, football and the bear market
In the first installment of Forkast’s ‘Crypto in Sport’ series, we visit the U.K. and the homeground of Real Bedford — the world’s first Bitcoin-funded football team. Can the team’s rock-n-roll rebrand under Bitcoin evangelist Peter McCormack propel the team up the English football pyramid? Or will the crypto winter put a freeze on its progress?
Bitcoin below US$26,000, most other top 10 cryptos extend losses
Bitcoin, Ether and other cryptos dropped on Friday afternoon in Asia. Toncoin and Tron gained.
Bitcoin falls back to US$26,000, Ether nears ‘death cross,’ while investors await US jobs report for August
Bitcoin, Ether and other cryptos were down Friday morning. U.S. equities were flat as investors look towards August’s jobs report later Friday.
All top 10 cryptos fall except Dogecoin, as boost from Grayscale ETF ruling fades
Bitcoin, Ether and most other top 10 cryptos dropped on Thursday after a Wednesday rally on news of Grayscale receiving a favorable ruling against the SEC.
Cryptos down as Grayscale ETF news loses shine
Bitcoin, Ether and most other top ten cryptos traced back gains made following news of Grayscale’s legal win against the SEC.
Crypto market gets boost from favorable court ruling for Grayscale against U.S. SEC
Prices of all cryptocurrencies rose on Wednesday after a U.S. court backed Grayscale on its Bitcoin ETF application, compelling the SEC to review its rejection of the application.
Hong Kong grants SEBA Bank in-principle approval for crypto trading
The Hong Kong branch of SEBA Bank has received an in-principle approval from regulators to provide virtual asset trading services in the jurisdiction.
Green ink across crypto after Grayscale scores SEC win
A U.S. court’s landmark decision to side with Grayscale on its Bitcoin ETF application to the SEC sent crypto prices upward Wednesday morning in Asia.
Bitcoin, Ether gain; traders cautious as U.S. regulator goes after NFT firm
Bitcoin, Ether rose less than 1% in the past 24 hours while posting losses on the week. Polkadot led gains among top 10 cryptos.
Bitcoin, Ether trading flat as SEC targets firm offering NFTs
Bitcoin, Ether were little changed. Cardano led gains while Solana posted losses as experts say crypto prices are looking up.
Bitcoin dips below US$26,000, crypto faces downward pressure amid Fed’s rate hike signals
Bitcoin and other major cryptocurrencies face headwinds on the first trading day of the week in Asia following the U.S. central bank’s Jackson Hole Symposium remarks, while Tron bucks the trend with modest gains.
Crypto market cautious after Fed’s Powell says US inflation still ‘too high’
Bitcoin, Ether and other top 10 non-stablecoin cryptocurrencies held steady, despite Fed chair Jerome Powell’s hawkish comments on U.S. inflation.
DeFi revenue remains resilient despite Curve Finance hack
Even as the value of assets in DeFi dips, service provider revenues stand strong, undeterred by the US$73 million Curve Finance breach, Forkast Labs data shows.
Weekly Market Wrap: Bitcoin’s summer volatility, Coinbase’s new stake and anticipations on the Fed moves cryptocurrencies
From landmark business decisions to looming central bank announcements, the crypto landscape this week teemed with events that may shape the course of the market.
SOL reverses gains, Bitcoin holds US$26,000, top cryptos fall ahead of Powell’s speech
SOL reversed Thursday’s gains from its Shopify partnership while XRP fell to a six-week low. Bitcoin and Ether inched up during afternoon trading but struggled to gain more upward momentum.
Bitcoin back down to US$26,000 as investors await US Fed chair speech
Bitcoin dropped to around the US$26,000 level Friday morning in Asia, giving up much of the previous day’s gains. Ether also moved lower.