Bitcoin trades below US$29,000, Ether slips, as market eyes Europe’s MiCA vote
Bitcoin and Ether fell during afternoon trading hours in Asia on Thursday, while most other top 10 non-stablecoin cryptocurrencies by market capitalization strengthened. Crypto investors were cautious ahead of Europe’s vote on the Markets in Crypto Assets (MiCA) bill.
Bitcoin, other cryptos fall as investors book profit
Welcome to The Daily Forkast – April 20, 2023 – presented by Megha Chaddah. Bitcoin is down more than 5% Thursday morning in Asia. Ethereum also fell to lose hold of the US$2,000 price support in a sell-off across all top 10 non-stablecoin tokens. In the multi-chain economy, the Forkast Labs indexes trade mixed.
Crypto miner Bitdeer falls 35% since Nasdaq debut, reports net loss in 2022
Shares of Singapore-based cryptocurrency miner Bitdeer have slid more than 35% since their Nasdaq debut on April 14, and were trading at US$6.41 at closing on Wednesday.
Bitcoin falls below US$29,000, Ether slumps, U.S. equities stall on inflation concerns
Bitcoin slid below the US$29,000 mark on Thursday morning in Asia. Ether lost hold of US$2,000 in a sell-off across all top 10 non-stablecoin tokens.
Trump’s Series 2 sells out, tops daily NFT sales chart
Former U.S. President Donald Trump’s second set of NFTs sold out within the first 24 hours since launch, according to the project’s website.
Hong Kong court deems crypto as property, in ruling on defunct exchange Gatecoin
Hong Kong’s High Court has recognized cryptocurrency as property in a March 31 landmark ruling in a legal tussle involving defunct crypto exchange Gatecoin
US chip giant Intel abandons Bitcoin ASIC production
Intel has announced it would shut down its Bitcoin mining chip production a year after launch.
Bitcoin gains, holds above US$30,000; Solana, BNB biggest losers in top 10 cryptos
Bitcoin rose and traded above US$30,000 on Wednesday afternoon in Asia, while Ether fell along with most top 10 non-stablecoin cryptocurrencies by market capitalization. Solana lost the most, followed by Binance’s BNB token.
U.K. could push out crypto regulation within a year: lawmaker Andrew Griffith
The U.K. could see digital asset regulation in the next 12 months as part of a push to turn the nation into a hub for digital assets, said economic secretary to the Treasury, Andrew Griffith
Bitcoin to peak at US$42,000 in 2023, end the year above US$35,000: Finder survey
Bitcoin is expected to hit a high of US$42,225 in 2023 and close the year around US$35,485, according to a survey by Finder.
Bitcoin rebounds as Eth withdrawal queue gets longer
Welcome to The Daily Forkast – April 19, 2023 – presented by Megha Chaddah. Bitcoin rebounded above the US$30,000 mark and Ether gained ground as the withdrawal queue gets longer. Meanwhile, in the world of NFTs, former U.S. President Donald Trump is back in action as the second set of his digital collectibles was released.
United Arab Emirates opens licensing applications for cryptocurrency companies
UAE’s Securities and Commodities Authority said Monday it has started accepting applications for operating licenses from cryptocurrency businesses.
Bitcoin reclaims US$30,000, Ether heads higher after grilling of SEC’s Gensler; Polkadot leads winners
Bitcoin rebounded above US$30,000 on Wednesday morning in Asia. All top 10 tokens rose after SEC chair Gary Gensler was criticized at a congressional hearing for his approach to digital assets.
The true cost of zero-fee crypto trading is anything but zero
Nothing in life is free. Be wary of crypto exchanges that offer ‘free trading,’ and ask hard questions about how they make money, writes Ben Caselin of MaskEX.
Politics will be Trojan Horse for NFTs
Former President Donald Trump’s NFT collection’s floor price may be dropping, but media coverage may extend his profits from the digital trading cards.
SEC’s Gary Gensler dodges question on whether Ethereum is a security
SEC Chair Gary Gensler did not give a direct answer when asked whether Ether is a security or a commodity at a congressional oversight hearing on Tuesday.
Trump announces more NFTs but the first collection’s price tanks
Former U.S. President Donald Trump has announced a second drop of his NFT trading cards, but the first collection’s price is sinking.
Bitcoin slips, Ether inches above US$2,100
Bitcoin dropped on Tuesday afternoon in Asia but remained above US$29,000, while Ether and most top 10 non-stablecoin cryptocurrencies gained. Dogecoin and Solana fell on the day and rose on the week.
Bitcoin hovers under US$29,500 level; Dogecoin gains
Welcome to The Daily Forkast – April 18, 2023 – presented by Megha Chaddah. Bitcoin and other major cryptocurrencies slipped in early morning Asia time. Meanwhile, Dogecoin shrugged off the overall down market, gaining almost 3% as sentiment around the memecoin got a lift after Twitter – led by Dogecoin fan Elon Musk – officially […]
Ethereum inflows slow following Shanghai upgrade, exchanges see Ether influx
CoinShares data showed Ethereum-linked products saw little investment interest with inflows of around US$300,000 in the week ending April 14, accounting for a tiny portion of the total US$114 million weekly inflow into digital assets and despite the blockchain’s milestone upgrade last week.
Bitcoin, Ether, other crypto fall as SEC waves big stick; Dogecoin gains; U.S. equity futures flat
Bitcoin, Ether and most other top 10 non-stablecoin cryptocurrencies dipped Tuesday morning in Asia after the SEC sued crypto exchange Bittrex on Monday.
Why trustless oracles are vital to Web3’s future
What are ‘trustless oracles,’ and how will they shape the development of the metaverse and Web3? Markus Levin of XYO and XY Labs explains.
Bank of England says stablecoins need limits on use to prevent financial instability
The Bank of England may set limits on use of stablecoins, citing concern rapid introduction of such digital currencies could lead to financial instability, Deputy Governor Jon Cunliffe said in a speech on Monday.
Do Kwon retained law firm in South Korea before Terra collapse: Bloomberg
The founder of Terraform Labs, Do Kwon, reportedly retained a law firm in South Korea before the April 14 wipeout in TerraUSD’s value, according to a Bloomberg report.
Bitcoin, Ether extend losses; Solana gains most in mixed market
Bitcoin dropped on Monday afternoon in Asia and continued to trade below US$30,000. Cardano led losers among top 10 non-stablecoin cryptocurrencies in a mixed market. Solana led gains, followed by Binance’s BNB token and memecoin Dogecoin.
Bittrex cryptocurrency exchange rejects U.S. SEC charges it offered unregistered securities
Seattle-based crypto exchange Bittrex Inc. has rejected charges by the U.S. Securities and Exchange Commission (SEC) that it and co-founder Bill Shihara operated an unregistered national securities exchange, broker and clearing agency. The SEC filed the charges on Monday. See related article: U.S.-based cryptocurrency exchange Bittrex lays off 83 employees Fast facts See related article: U.S. SEC […]
How blockchain can counter fake news and preserve history
In this era of disinformation and deep fakes, what can blockchain technology do to safeguard the truth about humanity’s shared past?
Bitcoin stays afloat while Solana and BNB rally
Welcome to The Daily Forkast – April 17, 2023 – presented by Jeff Cheung. Bitcoin and most other major cryptocurrencies had a relatively tame weekend, trading sideways up until early morning Asia time. Some notable mentions include Solana, BNB, and Litecoin – the three of which have seen increases in their price tags over the […]
U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing
The U.S. House Financial Services Committee is set to hold a hearing on April 19 to discuss a draft bill released over the weekend on regulating stablecoins, a class of digital currency designed to offer price stability by being pegged to another asset’s value.
East meets West at DAO Tokyo conference as Japan plays catch up
The global culture of decentralized autonomous organizations arrived in Japan last week for DAO Tokyo, the first event of its kind in Asia according to the organizers, drawing over 350 founders and contributors from all corners of the world for discussions on all things DAO.
SEC ‘crypto mom’ Hester Peirce attacks U.S. regulator’s new exchange definition on DeFi
SEC member Hester Peirce has criticized the regulatory agency for its proposal that seeks to expand the definition of an “exchange” to DeFi platforms.
Bitcoin dips under US$30,000; Ether takes a breather; Binance, Solana lead gainers
Bitcoin dipped below US$30,000 in early Monday morning trading in Asia. Ether stalled after strong gains that followed last week’s blockchain upgrade.
AI has taken over crypto’s share of VC funding, says Mysten Labs founder
Crypto’s share of venture capital money is now going to artificial intelligence, says Mysten Labs founder, Evan Cheng.
Weekly Market Wrap: Bitcoin tests upper US$30,000, Ether rises past US$2,000 after Shanghai upgrade
Bitcoin moved within a couple of hundred dollars of the US$31,000 ceiling in trading later in the week as market sentiment improved after Ethereum’s successful upgrade to unlock staked Ether. The Ethereum token broke above US$2,000 on Friday. Weaker inflation readings out of the U.S. later in the week pushed recession worries off center stage and generated some demand for “risk-on” assets, including Bitcoin, with some crypto enthusiasts seeing US$32,000 as the next barrier to break.
Bitcoin tops $30,000; ETH upgrade lifts market.
Welcome to Market Movers – April 14, 2023 – presented by Megha Chaddah for your weekly market wrap up. Bitcoin has stood it’s ground over the past week, holding firm above the US$30,000 mark for the most part. However, the completion of Ethereum’s Shapella upgrade has played a huge part in lifting the spirits of […]
Bitcoin rises to near US$31,000, Ether leads gains across top 10 cryptos
Bitcoin continued its rally to near the US$31,000 mark in Friday afternoon trading in Asia. All other top 10 non-stablecoin cryptos gained, led by Ethereum.
Kraken to withdraw US$1.17 bln of staked Ether in line with SEC ruling, settlement
As part of its February settlement with the Securities and Exchange Commission (SEC), the U.S.-based Kraken crypto exchange has submitted the largest Ether withdrawal request since Wednesday’s upgrade to the Ethereum blockchain. The SEC ordered Kraken to shut down what it called unregistered staking programs.
Ethereum ups the ante post Shapella upgrade
Welcome to The Daily Forkast – April 14, 2023 – presented by Megha Chaddah. Ethereum’s feeling the hype as the Shapella upgrade is out in full force, showing a near 11% increase over the last 24 hours. Dogecoin also saw a spike as Twitter announced a partnership with E-Toro which would allow users to buy […]
Bitcoin heads higher, Ether breaches US$2,000, U.S. equities rally on weak inflation readings
Bitcoin rose higher in the US$30,000 band on Friday morning in Asia amid strong gains among the top 10 non-stablecoin cryptocurrencies. Ether led the winners.
Can crypto wallets be both accessible and hacker-proof?
Securing keys is an issue that has bedeviled the crypto world, as the $600M Ronin and $300M Wormhole heists have painfully shown. Is there a better way?
Cardano NFTs slump as users trade top-tier projects in favor of newer ones
Cardano NFT ecosystem sees a significant decline as users sell off top-tier projects for newer ones, according to Forkast CAR NFT Composite.
Forkast NFT indexes reveal the hidden costs of y00ts, DeGods’ moves across blockchains
Forkast Labs’ NFT indexes reveal Polygon’s US$3 million incentive to move y00ts over to its blockchain may have cost its users.
Hacker exploits old Yearn Finance contract, steals $11.6 mln in stablecoins
A hacker took advantage of an old contract from Yearn Finance on Thursday to steal US$11.6 million in stablecoins.
Musk’s Twitter partners with eToro to offer crypto and stocks to users
Twitter users will soon have access to stocks and cryptocurrency through a new partnership with eToro, a trading platform.
Bitcoin inches up, remains above US$30,000; Ether gains after Shapella upgrade
Bitcoin and Ether rose during Asian trading hours on Thursday, along with all of the top 10 non-stablecoin cryptocurrencies by market capitalization. Ether rose the most, following the successful completion of the Shapella upgrade.
Binance chief says unclear crypto regulation ‘the worst’
Binance CEO Changpeng Zhao said regulators need to come up with clear crypto regulations and should understand that the crypto industry is different from the traditional financial industry.
Ethereum stands firm as Shapella upgrade rolls out
Welcome to The Daily Forkast – April 13, 2023 – presented by Jeff Cheung. Ethereum’s Shapella upgrade is finally here, and despite worries of selling pressure now that staked ETH withdrawals have been made easier, it has held its ground above the US$1,900 level. Other currencies have seen a slight dip overnight though, as the […]
Hong Kong’s ZA Bank starts offering crypto-fiat conversion services: Bloomberg
ZA Bank, the largest virtual bank in Hong Kong, has started offering cryptocurrency conversion services through licensed crypto exchanges.
Bankrupt FTX recovers US$7.3 billion in assets, considers resurrection of operations
The failed FTX cryptocurrency exchange has recovered around US$7.3 billion in assets and is considering the option of restarting its business.
Bitcoin fluctuates at US$30,000; Ether gains; Litecoin, XRP drop; U.S. equities fall on recession concern
Bitcoin dipped but held above US$30,000 in Thursday morning trading in Asia that saw mixed performances among the top 10 non-stablecoin cryptocurrencies.
How decentralized limit orders can transform crypto trading
On-chain limit orders offer an alternative to centralized exchanges by improving transparency and security, writes Ramani Ramachandran of Dfyn. What are the drawbacks?
G7 plans to help developing countries introduce CBDCs
Japan’s top finance diplomat, Masato Kanda, announced on Tuesday that the G7 nations will work together to help developing countries introduce CBDCs in line with international standards.
Crypto firms hardpressed to find U.S. bank partners as industry blames ‘Operation Choke Point 2.0’
NYDFS superintendent Harris called the idea of Operation Choke Point 2.0 “ludicrous,” but industry participants largely disagree. Was the shutdown of the three largest crypto-friendly institutions a coordinated effort to unbank crypto?
Ethereum rolls out Shapella upgrade amid worries over price pressures
Top blockchain and crypto news: Ethereum fork prompts price fall fears. Satoshi is found — in Apple software. Hong Kong ramps up Web3 plans.
Bitcoin slips but remains above US$30,000 ahead of U.S. inflation data
Bitcoin slipped in Wednesday afternoon trade in Asia but remained above the US$30,000 mark. Ether prices sank, along with all top 10 non-stablecoin cryptocurrencies by market capitalization, with Cardano and Dogecoin as the biggest losers.
China fines crypto mining rig giant Bitmain US$3.6 million for tax violations
China has fined Bitmain, one of the world’s biggest producers of cryptocurrency mining rigs, nearly US$3.6 million for alleged tax violations, according to the Beijing tax authorities.
Crypto miner Bitdeer to go public on Nasdaq via SPAC deal
Singapore-headquartered crypto mining firm Bitdeer Technologies is set to go public on Nasdaq on April 14 via a SPAC merger following multiple delays in closing the US$4 billion deal.
Bitcoin rally continues, Solana jumps as ‘Saga’ release anticipated
Welcome to The Daily Forkast – April 12, 2023 – presented by Megha Chaddah. Bitcoin continues to trade upwards, gaining around 1.5% overnight and is trading at a 10-month high. Ethereum on the other hand has lost a bit of it’s weekly gains as traders are beginning to factor in possible liquidation in anticipation of […]
Binance.US to delist TRX, price drops 5.4%
Binance.US, a unit cryptocurrency exchange Binance set up to serve U.S. customers, will delist the native token of the Tron blockchain, TRX, on April 18.
France to develop local metaverses against global giants
The French government announced a public consultation on “virtual immersive universes,” or the metaverse.
US crypto miner Core Scientific appoints new president amid bankruptcy
Adam Sullivan, whose most recent role was managing director of XMS Capital Partners, will will work on financial and strategic matters while assisting with the negotiation of a reorganization plan.
Bitcoin maintains US$30,000, Solana jumps, U.S. equities trade mixed
Bitcoin held above US$30,000 in Wednesday morning trading in Asia, while most other top 10 non-stablecoin cryptocurrencies moved higher.
NFT.NYC is back to deliver the Woodstock of NFTs
The NFT industry is gathering at New York for NFT.NYC, but the overloading frequency of events could be causing “event fatigue.”
Equinix, Astra in pact to advance Indonesia’s digital infrastructure needs
Nasdaq-listed Equinix and Indonesian conglomerate Astra International have set up a joint venture to help local businesses and multinationals capitalize on emerging technologies.
Common regulatory framework for crypto to come during India’s G20 presidency, finance minister says
A common regulatory framework for all countries is underway, India’s Finance Minister Nirmala Sitharaman said on Monday.
Bitcoin rises above US$30,000, Solana leads gains across top 10 cryptos
Bitcoin continued to rally past US$30,000, with Ether and all other top 10 non-stablecoin cryptocurrencies gaining in Tuesday afternoon trade in Asia. Solana was the biggest gainer at 11.09%.
South Korean prosecutors to freeze US$5.36 million of Do Kwon’s assets, some in Switzerland
Seoul Southern District Prosecutors’ Office is in the process of freezing 7.1 billion won worth of assets that belong to Terraform Labs CEO Do Kwon.
Bitcoin breaks US$30,000 barrier for the first time since June 2022
Welcome to The Daily Forkast – April 11, 2023 – presented by Megha Chaddah. Exciting news as Bitcoin finally breaks the US$30,000 mark since June last year, having risen more than 5% in the last 24 hours. Ethereum is also looking good in the markets. As the Shapella upgrade is due for completion this week, […]
U.S. SEC committee urges ‘aggressive enforcement’ on crypto, says most tokens are securities
The U.S. SEC Investor Advisory Committee urged the federal agency to continue its aggressive enforcement on crypto players that offer unregistered securities.
Ex-chief of HKMA heads Hong Kong’s new Web3 institute
Hong Kong has established the Institute of Web 3.0 to facilitate the development of the crypto ecosystem in the city, directed by a former head of HKMA.
Ethereum blockchain upgrade unlocks US$34 billion in Ether, what does it mean for crypto prices?
The upcoming upgrade to the Ethereum blockchain will allow users to withdraw millions of “staked” Ether, the native cryptocurrency, for potential sale. That would typically indicate a flood of selling pressure awaits the token, but not everyone is buying that.
Bitcoin pops above US$30,000, Ether jumps, Solana gains, U.S. equities trade mixed
Bitcoin surged above US$30,000 on Tuesday morning in Asia to the highest in about 11 months, leading a rally of all top 10 non-stablecoin cryptocurrencies.