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Survey: 32% of novice traders only invested in crypto in past year

Nearly one in three novice traders reported making no traditional investments outside crypto over the past year, according to a survey published today by Overbit, a Singapore-based cryptocurrency exchange. In contrast, 85.3% of professional traders reported diversifying their investment portfolios to stock, real estate or other traditional assets. Fast facts: The survey of 3,000 traders […]

Australian auction house begins accepting crypto for all items

Auction house Lloyds Auctions Australia has begun accepting cryptocurrency for all purchases on its marketplace.

Rig maker Bitmain offers help to Chinese miners looking to relocate abroad

Chinese mining rig maker Bitmain is offering assistance to clients that want to relocate their cryptocurrency mining operations from China to other countries.

Binance NFT marketplace launches with auction of Dali, Warhol

Crypto exchange Binance is launching a non-fungible token marketplace, auctioning NFTs of artworks by Andy Warhol and Salvador Dali.

Court grants Ripple access to SEC’s internal trading policies on XRP

A judge has granted Ripple’s request to force the U.S. Securities and Exchange Commission to reveal its non-public policies regarding whether agency employees may buy and sell XRP and other cryptocurrencies, according to a screenshot of a new legal filing shared by the lawyer representing XRP holders. Fast facts: Earlier this month, Ripple sought the […]

Chinese crypto mining rig maker Bitmain suspends sales as prices drop

Chinese mining rig maker Bitmain has stopped selling in-stock cryptocurrency mining equipment amid a plunge in the prices following a shutdown of major mining pools in China.

South Korea’s Upbit sued for patent violation, Alipay launches NFT platform | The Daily Forkast

Another legal challenge faces cryptocurrency exchange Upbit. In China, Ant Group is getting into the NFT game — through Alipay.

Iran seizes record haul of 7,000 crypto mining machines

Iranian police have confiscated 7,000 cryptocurrency mining machines from an abandoned factory in western Tehran, the largest batch discovered in recent days.

Report: US cryptocurrency crimes surging by 300% a year

Crypto-related crime in the US increased an average of over 300% per year from 2017 to 2020with a total of 82,135 cases last year alone.

What is Ethereum, and could it become the future of blockchain?

Ethereum is much more than a cryptocurrency, and it has already attracted huge interest among investors. What’s all the fuss about? Forkast.News explains.

New crypto mining hot spots emerge; Korea crypto controversy escalates | The Daily Forkast

The next generation of mining hot spots are shaping out in the aftermath of China’s mining exodus as Upbit’s delisting generates new enemies.

Chinese crypto miners head west as Beijing’s crackdown gains pace

Kazakhstan offers nearby bolthole as North America and Europe beckon.
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Iron Finance’s DeFi bank run — and how Mark Cuban got ‘rekt’

Iron Finance, once a DeFi darling, went from billions to bust in a day. Should investors have seen the crash coming? How stable are algorithmic stablecoins?

Cash for CBDCs at Beijing ATMs; Asia sees new unicorn in Amber Group | The Daily Forkast

CBDC ATMs appear around Beijing and Hong Kong-based Amber Group is Asia’s billion dollar unicorn after raising US$100 million in its Series B.

Iran bans blockchain association, citing regulatory breaches

Iran’s interior ministry has suspended the Iran Blockchain Association over alleged breaches of government regulations.

CoinShares partners with Germany’s Finanzen Zero on crypto ETPs

European digital asset manager CoinShares hasannounced a partnership with German financial news portal Finanzen.net to bring crypto exchange traded products to investors with no trading fees.

Asia’s newest unicorn, crypto trading firm Amber Group, raises $100 million

Forkast.News speaks with Michael Wu, Amber Group’s co-founder and CEO, on how the crypto firm is going from $100 million to $1 billion in valuation.

WazirX CEO: India’s crypto industry trying to keep ‘clean’ for regulators

Crypto literacy of Indian regulators is evolving and crypto players are trying to keep industry clean via self-regulations, says Nischal Shetty of WazirX.

Crypto clampdown hits Sichuan; Dtravel launches Airbnb rival | The Daily Forkast

China’s crypto clampdown reaches Sichuan. A sneak preview into how China’s digital yuan works.

Miami woos crypto miners fleeing China

The city’s mayor says it welcomes an exodus of miners from China amid a generalized clampdown on the industry.

Chinese crypto mining ban coming to Sichuan — reports

Miners face imminent shutdown as power companies told to cut electricity, according to multiple reports.

U.S. securities watchdog’s regulatory agenda turns blind eye to crypto

Dashing hopes of greater regulatory clarity for the cryptocurrency industry, the U.S. Securities and Exchange Commission’s recently released annual regulatory agenda does not mention Bitcoin or cryptocurrency regulations.

MSCI to launch cryptocurrency index

Global securities index MSCI plans to launch a cryptocurrency index, according to CEO Henry Fernandez.

Grayscale eyes 13 more crypto assets including Polygon, Bancor

Institutional digital asset manager Grayscale announced today that it is exploring 13 more assets for its trusts, mainly related to decentralized finance.

‘China’s Robinhood’ halts CME crypto futures services amid sector clampdown

Chinese stock trading app Futu Niuniu has suspended Chicago Mercantile Exchange cryptocurrency futures services and stopped supplying crypto market information.

Angry Aussie crypto investors eye Binance class action

Australian investors adversely impacted by repeated system failures on Binance are considering taking a class action lawsuit to recoup their losses.

U.S. Republican Party to accept donations in cryptocurrency

The National Republican Congressional Committee in the US will begin accepting donations in cryptocurrency.

How DeFi exchanges like SynFutures may challenge TradFi and CeFi

Singapore-based decentralized exchange SynFutures has closed a $14 million series A round to bring crypto derivatives to new users around the world.

More regulation for SK crypto exchanges; NFTs kick-start K-pop comeback | The Daily Forkast

Self-published tokens get barred from South Korean exchanges as Hong Kong’s air quality recording meets blockchain technology.

Survival race of SK exchanges; Ethereum powers digital passports in HK | The Daily Forkast

50 crypto exchanges apply for ISMS in South Korea while Hong Kong sees the birth of a blockchain passport for Covid vaccinations.

The internet paradigm shift is here: Are you prepared for Web 3.0?

Permissionless, open source and decentralized, Web 3.0 will transform computing and data storage. Maria Paula Fernandez of Golem Network explains how.

Yunnan mining ban clarified; Korean exchanges start ‘coin thinning’ | The Daily Forkast

Chinese authorities provide more details on its notice issued to the local mining industry while South Korean exchange start ‘coin thinning’.

Chinese province of Yunnan puts crypto mining under the microscope

Following rumors of a possible ban on cryptocurrency mining in the province last week, its energy regulator has clarified an approach to the industry that looks set to rein in rogue operators.

Beyond the NFT hype: Why NFT technology is flawed and buyers must beware

What does it mean to own an NFT, and why are some NFTs vanishing? Alexander Hobbs of Zenotta explains the weaknesses in NFTs’ underlying technology.

Ethereum sees record institutional outflows of US$12.7M

Ethereum saw its largest institutional outflows on record last week as outflows from Bitcoin eased, according to a report by CoinShares.

El Salvador’s BTC remittances in May quadruple from last year

Bitcoin transactions in El Salvador during May increased by more than four times compared to a year ago, yet fiat remittances still represent the vast majority of transactions in the country.

Yunnan warns miners over power use; WazirX faces gov’t heat | The Daily Forkast

China’s crypto mining crackdown continues while Indian finance authorities probe one of the nation’s largest exchange WazirX.

Who’ll blink first in India’s crypto stand-off?

India’s central bank has clarified that cryptocurrencies are not illegal, but that does little to prevent lenders from refusing to provide crypto-related services.

As blockchain becomes widely used in banking, what are its security risks?

Blockchain provides greater data transparency and security than ever before, but the technology is not immune to cyber attacks and data breaches.

Huobi launches Blockchain Assets Center for token listings

Huobi Group has announced the launch of a Blockchain Assets Center to provide a standardized, streamlined process for projects seeking to list on its cryptocurrency exchange, Huobi Global.

SK govt assists crypto exchanges; Aus firm accepts crypto for rent | The Daily Forkast

South Korean government is holding on-site visits to help crypto exchanges get regulated while an Aussie business wants crypto for rent.

Plasm Network closes $10M fundraise to bolster Polkadot ambitions

With Kusama slot parachain auctions underway, the first starting next week, Plasm and Shiden networks prepare for a multi-chain future with Polkadot.

How the layer 2 race is scaling Ethereum before ETH 2.0

While the world waits for Eth 2, blockchain developers like Enya.ai and OMG Network are trying to solve Ethereum’s scalability issues via layer 2.

Twitter chief says integration of BTC Lightning Network “a matter of time”

Twitter’s founder and CEO says the integration of Bitcoin layer-2 payments — the Lightning Network — into the social media platform may be on the horizon.

Is Chinese province Yunnan banning cryptocurrency mining?

Yunnan is getting prepared to ban cryptocurrency mining activities, BTC.top, one of the country’s major mining pools, today told Forkast.News, citing a screenshot of a notice.

Bitmain rallies crypto miners to ponder options as industry eyes China exit

Chinese crypto mining rig maker Bitmain is reportedly set to meet with miners and industry participants next week to discuss relocating mining operations overseas.

Australian serviced office firm to accept rent in crypto

Australian serviced office firm Business Hub will accept cryptocurrency as payment for rent on serviced office space and other business services as of July 1.

Singapore’s GIC takes 8% stake in HK’s digital asset company BC Group

GIC, Singapore’s sovereign wealth fund, is investing in BC Group—the parent company of OSL, Hong Kong’s first licensed cryptocurrency exchange.

Basel Committee starts public consultation on banks’ crypto asset exposures

The Basel Committee on Banking Supervision has launched a public consultation on preliminary proposals for the treatment of banks’ crypto asset exposures.

Hashrate drops as Chinese crypto mining ban extended to more provinces

Cryptocurrency mining prohibition in Xinjiang and Qinghai follows Inner Mongolia ban.
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Jump Trading partners with Solana-based DeFi protocol Oxygen

Jump Trading, a high-frequency trading firm, is joining Oxygen, a decentralized finance prime brokerage protocol, as a strategic partner and market-maker to provide liquidity on the Oxygen platform.

U.S. millennial crypto fans want to spend their coins like cash, study shows

Ninety-three percent of millennial current or former cryptocurrency holders in the U.S. would consider using their digital coins for everyday purchases, according to a recent survey.

Vitalik Buterin: Why Eth2 will propel Ethereum’s use in enterprise

In a talk this week, Vitalik Buterin explains Ethereum’s growing use in enterprise and the importance of building diverse, open-source communities.
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China’s Xinjiang and Qinghai regions ban cryptocurrency mining

Xinjiang and Qinghai regions in China are now banning cryptocurrency mining, after Inner Mongolia tightened its crypto mining ban last month.

Hong Kong eyes CBDC; Aussie Millennials favor crypto vs. real estate | The Daily Forkast

Hong Kong looks to explore CBDC feasibility as Australian millennials favor investing in crypto over traditional assets.

Miami property deal breaks crypto real estate record

A Miami property has set a record for the highest price paid in cryptocurrency in a real estate transaction — US$22.5 million.

Australian crypto exchange Bitunivex plans to go green

Australian crypto exchange Bitunivex.com has announced plans to offset its carbon footprint by investing in green crypto initiatives.

UNICEF invests in blockchain startups for financial inclusion

UNICEF Venture Fund is awarding up to $100,000 to blockchain startups, including India’s GovBlocks, in its latest funding round. Here are the other projects.

India crypto feud continues; Korea mining thief busted | The Daily Forkast

Regulatory uncertainty pushes India’s crypto industry towards self regulation as a secret Ethereum miner gets busted in Seoul Arts Center.

How NFTs are redrawing Asia’s art scene from artists to galleries

From Phillips auction house in Hong Kong to Art Fair Philippines, non-fungible tokens are redefining how Asia appreciates, buys and profits from art.

Ripple asks court to ignore 70+ SEC actions against cryptos before XRP

Did Ripple have ‘fair notice’ that SEC might deem the XRP a security? Ripple calls report on SEC’s prior anti-crypto enforcement actions ‘misleading.’

XRP sees robust institutional inflows; Ethereum ‘altcoin of choice,’ report says

XRP last week saw inflows of US$7 million into investment products, the most since April, according to CoinShares.

Chinese crypto social media crackdown; Seoul tightens rules on crypto | The Daily Forkast

Chinese social media Weibo bans crypto accounts as employees of South Korean crypto exchanges can no longer trade on their own platforms.

NortonLifeLock bids to turn users into home Ethereum miners

Users of cybersecurity product NortonLifeLock will soon be able to mine Ethereum on their home computers through a new feature named Norton Crypto.

What blockchain games like Alien Worlds say about life outside metaverses

In a special Q&A, Sarojini McKenna of Alien Worlds discusses play-to-earn gaming, digital assets like Trilium, and lives increasingly lived inside virtual worlds.

Criticisms of Tether’s reserves are unfounded, says Bitfinex CTO

After Tether’s legal settlement with New York, USDT’s growth is exploding—dispelling concerns over Tether’s reserves, says Bitfinex CTO Paolo Ardoino.

Prominent Chinese economist urges public to ‘avoid confusion’ between digital currency and cryptocurrencies

It is important to distinguish between developing a digital currency for currency digitalization and digitalization of assets or cryptocurrencies so that China can be more focused on preventing risks in the financial sector, said Fan Gang, a Peking University professor and a prominent advocate in China for economic reform. Fast Facts: In a keynote speech […]

Ripple execs seek info to defend XRP trades from 16 foreign crypto exchanges

To defend themselves against SEC lawsuit, Ripple’s CEO and chairman ask court for help getting XRP info from a who’s who list of offshore crypto exchanges.

DBS Bank tapping on tokenized bonds as a new way to invest

From digital bonds to real estate, blockchain-enabled security token offerings and tokenization are redefining corporate fundraising and investing.

South Korean crypto exchange Upbit in the dock over botched transfers

Eleven users of Upbit have filed a class action lawsuit against its owner, Dunamu Inc., seeking damages over a suspected technical failure.

Ethereum is rocketing out of this world with SpaceX and SpaceChain

Can Ethereum, also known as the ‘World Computer,’ function outside this world — in space? A SpaceX rocket launch today will put that to the test.

‘Green’ crypto mining should be spared crackdown, Canaan chief says

Green crypto mining operations should be spared China’s recent crackdown on the sector, according to the CEO of Canaan Inc.