Search results: SEC

Gas fee unpredictability is a highly problematic aspect of the Ethereum ecosystem, writes Matt Cutler of Blocknative. What are the solutions?

Top blockchain and crypto news: Can stablecoins bankroll democracy? Nike swooshes into the metaverse. Animoca and Bored Apes venture deeper into the gaming jungle.

Binance, the world’s largest cryptocurrency exchange, today announced that it has set up a joint venture with the venture capital arm of Telkom Indonesia, the country’s largest telecommunication company, to develop a new digital asset exchange there. Fast facts Binance said in a statement that it has teamed up with MDI Ventures — a US$830 […]

The report says the country’s crypto industry could swell by up to 30 times its current size in the coming decade.

An internet authority in East China’s Zhejiang province has identified in July 4,699 IP addresses in the province that were involved with cryptocurrency mining, and among them 183 addresses were related to 78 state-owned entities, according to a Tuesday article published on the website of China’s Central Commission for Discipline Inspection (CCDI), the country’s anti-corruption […]

The National Unity Government recognizes Tether as an official currency, defying the cryptocurrency ban imposed last year.

Brinc, a Hong Kong-headquartered venture capital focused on Web 3.0, today announced that it has secured US$30 million in a Series B round and an additional US$100 million for startup investments. The funding was led by Animoca Brands — a Hong Kong-based blockchain gaming, metaverse and non-fungible token (NFT) company — to further fuel Brinc’s investment in […]

Crypto 1 will consider acquisition targets worldwide but steer clear of digital assets companies in China and Hong Kong. Are the lights dimming on a major crypto hub?

Metizens can already attend concerts, visit art galleries and earn money in a metaverse, writes Joe Caselin of Hex Trust. What’s coming next?

Blockchain gaming studio Vulcan Forged was hacked on Tuesday and 4.5 million PYR, the platform’s native token, was stolen, the company announced on Twitter. Fast facts Vulcan Forged also runs a decentralized exchange and a non-fungible token (NFT) marketplace. The attacker gained the private keys to 96 wallets and proceeded to empty them, making off […]

The billion-dollar intersection of sports and crypto is a big win for all, writes Ben Armstrong, aka BitBoy Crypto. Here’s how to make sense of this seismic cultural shift.

South Korean video game developer WeMade revealed today it has invested in Kasa, a blockchain-based digital asset-backed securities (DABS) trading platform with a focus on prop-tech — where information technology is applied to real estate economics. Fast facts Kasa is a platform where users can invest in commercial buildings with small amounts of money, similar […]

Bored Ape Yacht Club (BAYC), one of the most successful non-fungible token (NFT) collections, is joining hands with Animoca Brands — a Hong Kong-based blockchain gaming, metaverse and NFT company — to develop a play-to-earn game utilizing BAYC’s popular avatar NFTs, according to a company statement. Fast facts The new game, which will feature play-to-earn […]

Macroeconomic factors and a spate of bad news override bullish outlook in crypto market as the year lurches toward its end.

Fast facts Blockchain-based payment platform Danal Fintech announced a new service plan that will allow BMW vehicles to be purchased with Paycoin (PCI) in its new partnership with Samchully Motors, the domestic dealer of the luxury automobile line. The recent announcement makes the first case in South Korea where an automobile can be paid in […]

Crypto 1 Acquisition Corp., a U.S.-incorporated blank check company, has completed its initial public offering (IPO) with gross proceeds of US$230 million, according to a company statement released Friday. Fast facts The company’s units commenced trading on the Nasdaq Global Market under the ticker symbol “DAOOU” on Dec. 7. Acting as a special purpose acquisition […]

Binance, the world’s largest crypto exchange, announced today that its Singapore entity Binance Asia Services has withdrawn its application to the Monetary Authority of Singapore (MAS) for a license to operate a regulated crypto exchange in the country, according to a company statement. Fast facts The exchange had operated in Singapore under an exemption that […]

Confusion surrounded the Solana blockchain community over the weekend as a sudden drop in transaction speeds was initially believed to be a distributed denial of service (DDoS) attack, resulting in a lengthy debate as to the cause of the delay. Fast facts Solana-based non-fungible token (NFT) platform Blockasset was one of the first to highlight […]

India prime minister Narendra Modi’s Twitter account was hacked on Sunday morning, with the attacker posting a false tweet about India officially adopting Bitcoin as legal tender. Fast facts The tweet also said the government has bought 500 Bitcoin which will be distributed among citizens. This was the second instance of Modi’s Twitter account getting […]

The price of the native token of the SafeMoon blockchain momentarily surged over 8% in price this morning Asia time, as the developer behind the token announced that it had successfully transitioned to the second iteration of the network. SafeMoon’s price retreated throughout the day, however, and was trading at US$0.0000016 at press time, 2% […]

Decentralized autonomous organizations are ripe for robot takeovers, says SingularityDAO’s Marcello Mari. After all, why do decentralized entities need leaders?

$30 million worth of SHIB stolen in BitMart hack sparks hunt for the dognapper, as ecosystem developments fail to return Shiba Inu coin to its former glory.

Bitcoin’s hashrate has almost fully recovered just six months after China’s crypto ban sent miners fleeing to more hospitable shores. Fast facts Despite the recent price crash, the total Bitcoin hashrate stood at 180.5 million terahashes per second, almost approaching its all-time high of 180.67 million TH/s back in May, according to data from Blockchain.com. The hashrate took […]

India-based Layer 2 Ethereum scaling platform Polygon has acquired zero-knowledge technology developer Mir for US$400 million as part of Polygon’s continued focus on ZK tech. Fast facts Mir will help Polygon build its new project — Polygon Zero, a highly scalable, Ethereum compatible ZK rollup. A zero knowledge protocol is a cryptographic algorithm that allows […]

India’s proposed rules for digital assets would ban cryptocurrency for payments while the Securities and Exchange Board regulates exchanges. Will it become law?

Investment banks’ hunger for a new revenue stream is likely to drive up the popularity and registration of crypto derivatives products.

The transaction, using the Hedera Consensus Service network, bypasses intermediaries, lowering fees.

A new survey published Wednesday by Visa shows that 18% of Hong Kong residents are active cryptocurrency investors, while 13% are passive investors, representing the second-highest engagement with crypto just after the U.S. Fast facts The survey collected 6,430 online responses from Argentina, Australia, Brazil, Germany, Hong Kong, South Africa, the U.S., and the U.K. […]

Polygon envisions a world where value can be exchanged without borders. In this Forkast.News explainer, find out how Polygon works and why its MATIC token is defying crypto market gravity — again.

Stablecoins, US dollar primacy and energy consumption were among the topics in the questioning homing in on how to regulate the crypto industry.

The Beijing Municipal Government announced the bidding results for the city’s blockchain and computing power platform. Tencent Cloud and government-tied enterprise Beijing Microchip Sensing Technology won the bid and will be paid US$37 million to build the system. Fast facts According to the bid’s quotations, Tencent Cloud will provide the cloud service for the blockchain […]

ENS allows for a readable username that is portable across dApps and blockchains. Why is it important for the Web 3.0 world? Forkast.News explains.

OpenSea IPO plans in choppy waters. Crypto markets crumble. Bitcoin mining power struggles.

Gaming giant Ubisoft is launching Ubisoft Quartz, a new platform for players to obtain what it calls “Digits” — essentially non-fungible tokens (NFTs) playable in a mainstream game — according to a company statement. Fast facts The first such NFT will appear in beta with Tom Clancy’s “Ghost Recon Breakpoint” on Ubisoft Connect for Windows […]

As part of a broader attempt to address Australia’s payments industry, the government offers a roadmap to where crypto regulation can lead in 2022.

Iceland, which is suffering from a power shortage, is reducing electricity to some industrial clients and turning away new requests for power from cryptocurrency miners, reported Bloomberg, citing a statement from national power company Landsvirkjun. Fast facts The Nordic island nation is now reducing power supply for heavy consumers, including aluminum smelters, data centers and […]

Blockchain intelligence firm TRM Labs has raised US$60 million in a Series B funding round led by investment firm Tiger Global, the company announced on Tuesday. Fast facts Also participating in the financing round were American Express’ Amex Ventures, Visa, B Capital Group, Citi Ventures, DRW Venture Capital, Blockchain Capital, Jump Capital, Marshall Wace, Block […]

Crypto ETFs make it easy to invest in digital assets without the complexities, writes Kevin Tai of Linear Finance. Imagine what a crypto index can do.

Nexo, a globally regulated crypto-collateralized credit provider, has announced a partnership with Fidelity Digital Assets, an execution and custody services provider, to establish a platform to provide institutional access to digital assets with custodial and lending services, according to a news release shared with Forkast.News. Fast facts The partnership will allow Nexo to establish an […]

‘Team Pacquiao GG’ may be coming soon to League of Legends and Axie Infinity. But whatever happened to the former pro boxer’s Pac token?

With suitable regulation in place, DeFi could yet play an important role in the financial system, BIS suggests.

Kotak Mahindra Bank, a leading private bank in India, has struck a partnership with crypto exchange WazirX, the Economic Times reported. Fast facts WazirX has opened an account with Kotak that can be used to pay and receive money from investors, according to the ET report. The account will be activated after the completion of […]

Bilibili — one of China’s biggest video sites particularly known for its content dedicated for anime, comics and games fans — is testing its blockchain UPowerchain that could help the company build its metaverse business, as Chinese tech giants are sparing no efforts to enter the metaverse space. Fast facts Bilibili has confirmed with Forkast.News […]

One of the world’s largest asset managers sought SEC approval of a spot Bitcoin ETF in March and is still awaiting a response.

Tourism officials want to attract more crypto-wealthy travelers to Thailand’s shimmering shores. But will the crypto faithful come if Thailand still has a ban on SHIB and Dogecoin?

Experts expect more disruption as the crypto industry matures and a younger generation places different values on status and job security.

The Indian ministry of electronics and information technology (MeitY) has released a 52-page “National Strategy on Blockchain” document that urges closer cooperation between government and the private sector to build blockchain infrastructure across the world’s second-most populous nation. Fast facts It is to be noted that the current NSB document is an updated version from […]

But the head of the central bank’s digital currency research institute says issues remain such as technical standards for blockchain interconnectivity.

On top of China, authorities in Russia and Ukraine are busting underground miners, while U.S. Senator Elizabeth Warren presses a New York miner.

Singapore-based crypto exchange had claimed the fan token would support BTS members — while the band’s agency denied any association with it.

For the second weekend in a row, markets were hit with a massive shock due to external factors. Market watchers weigh in on price movements and what to expect.

Terry Gou, founder of Foxconn, which manufactures components for Apple’s iPhone, said Saturday at an event that mainstream monetary finance could not really be decentralized and only an underground economy would adopt cryptocurrency, as reported by Taiwanese local media Economic Daily News. Fast facts Gou later said in a Facebook post — to clarify comments […]

NFTZ opened for trading on the NYSE in the midst of turmoil and fears of inflation and Omicron.

In written responses to questions from Sen. Pat Toomey, Treasury Secretary Janet Yellen releases non-custodial service providers from strict reporting rules.

NFT privacy concerns meanwhile AussieMates raises mental health awareness

Supply chain woes are deepening as seasonal consumer demand meets a logistics logjam. Dennis Delgado of SyncFab explains how blockchain can help. 

A cabinet note suggests the government intends to regulate cryptocurrencies as assets with the Securities and Exchange Board of India at the helm.

Astar Network won Polkadot’s third parachain slot auction today. Polkadot will launch Astar Network and four other parachains on its platform on Dec. 17. Fast facts “This is a huge step for the entire Astar ecosystem, since we have been developing the network for more than 2.5 years to become a Polkadot parachain,” said Sota […]

BadgerDAO, a decentralized autonomous organization (DAO) focused on bringing Bitcoin to decentralized finance (DeFi), is the latest to suffer an exploit that was estimated to result in losses of US$120 million. Fast facts Crypto security firm PeckShield said in a Thursday tweet the total loss has amounted to at least 2,100 BTC and 151 ETH. […]

With economic security as a top priority, the Kishida administration anticipates the release of competing CBDCs.

Why the Federal Reserve and other major central banks are likely to speed up development of retail CBDCs.

Distinguished names in South Korean industry have invested in Hashed Venture Fund II to promote the Web3 ecosystem.

A new normal forced by the pandemic is bringing out a wave of creators and influencers for a decentralized economy, writes Alex Shkor of DEIP. Here’s what to expect in the year to come.

Crypto resilient to Omicron meanwhile Japan speeds up on CBDC

LUNA is now the 12th largest crypto, and Terra’s platform has been called ‘Alipay on the blockchain.’ What are Terra’s investment risks? Forkast.News explains.

A former finance secretary says too much is yet unknown about the new crypto bill for investors to expect the worst.

Shiba Inu and Luna on a tear, also K-pop bets on digital assets

Top blockchain and crypto news: Are India’s CBDC plans crowding out crypto? Jack Dorsey goes full Bitcoin bro. China’s digital yuan hopes claim another victim.

As the market recovers from a weekend sell-off, Terra and Shiba Inu tokens shine bright while Ethereum eyes new price heights. What’s behind their rally?

Is CoinDCX — India’s first crypto company to achieve unicorn status, or US$1 billion in valuation — going public? CoinDCX co-founder Neeraj Khandelwal set off a frenzy of excitement when he told Bloomberg in a recent interview that CoinDCX may pursue an initial public offering as soon as legislation permits. But a CoinDCX spokesperson told […]

The Cosmos ecosystem is expanding rapidly with inter-blockchain transfers on the rise. What makes Cosmos different from other blockchains? Forkast.News explains.

Korea crypto tax postponed, meanwhile CoinDCX looks to IPO