Largest hack in DeFi history; ADA hits two month high

Largest hack in DeFi history while ADA hits two month high

NFT trade takes off. Tether’s bankable reserves. Tencent targeted in China.

Top blockchain and crypto news: NFT wave buoys OpenSea. Are dollars and sense a lifeline for Tether? Tencent gets a target on its back.

China’s mining exodus flows to U.S. Is Texas the new promised land?

Poolin, a major mining pool in China, has set sail for America. ‘Large players are all over the U.S. now looking for deals.’

Why honest centralization is superior to chaotic decentralization

Are DAOs and decentralization always beneficial for the group or the user? Antoni Trenchev of Nexo urges you to think again.

Chinese DeFi platform Poly Network suffers US$600M hack

Impact of one of the biggest heists in the industry looks set to be mitigated as hackers agree to return funds.

NFTs and the music industry: K-pop’s new token economy | Part 2

K-pop superstars Brave Girls, Se7en and A.C.E. are among the latest to jump on the non-fungible token bandwagon. Are fans buying it?
and

HK artists embrace NFT’s; NFTs new top K-Pop merchandise

Hong Kong artists embrace NFTs. NFT’s to become must-have merchandise for K-Pop fans.  And an Indonesian resort offers NFT timeshares. We’ll have more on that story — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast, August 10th. Transcript Welcome to The Daily Forkast, August 10th 2021. […]

SEC seeks 1 million Slack messages from Ripple for XRP litigation

The US Securities and Exchange Commission wants to review ‘terabytes’ of Ripple’s Slack chats for evidence of XRP-related wrongdoing. How much is too much?

Hong Kong artists embrace NFTs as OpenSea trading volume explodes

Despite speculation that the NFT market is cooling, OpenSea continues to post record transaction volumes, and Hong Kong artists are getting in on the action.

Unocoin offers bitcoin vouchers; Alonzo upgrade onboards users

Unocoin offers bitcoin vouchers as Alonzo upgrade onboards users

Unocoin now allows Indians to buy pizza, coffee with Bitcoin

Several cryptocurrency payment methods exist around the world, but new service is the first major one of its kind in India.

Crypto miners set to be snared by U.S. infrastructure bill

A landmark US$1 trillion infrastructure bill moved one step closer to becoming law on Sunday, notably without carve-outs for cryptocurrency miners and network validators. What does it mean for the industry?

What is the regulatory outlook for virtual asset exchanges in Hong Kong and Singapore?

Singapore and Hong Kong are at the forefront of regulations over crypto exchanges, writes Vince Turcotte of Eventus Systems. Here’s why trade surveillance and risk management will be critical.

Are DAOs a new way for companies to go public?

As more crypto companies go public, some are returning to a decentralized business model. ShapeShift CEO Erik Voorhees explains the ethos and reasons why.

Binance bans derivatives in Hong Kong: Ethereum fork boosts trading

Binance bans derivatives in Hong Kong while Ethereum fork boosts trading

Latest digital yuan trial launches with backing of JD.com, Bank of Communications

E-commerce company’s tie-up with government-owned lender suggests hybrid private-state future for central bank digital currency.

Ripple expands XRP into NFTs amid escalating legal battles

As court grants CEO request to obtain info from Binance to bolster defense in SEC lawsuit, Ripple seeks to expand use cases for XRP Ledger.

Ether price and trading volume surging as Ethereum upgrade goes live

Ethereum’s London hard fork sees a smooth launch as the crypto market sends Ether’s price soaring.

China continues e-CNY pilot; Google allows crypto advertising

China continues e-CNY pilot also Google allows crypto advertising

Ethereum rising: 3 reasons why Ether’s price could soon break $3,000

Will Google greenlighting US crypto ads, Ethereum’s London upgrade and clearer regulations pave the way for another Ether price rally?

Google lifts crypto advertising ban

In a long-awaited reversal of a 2018 policy decision, Google will allow crypto exchanges and wallets to advertise on its platform in the U.S. But not everyone’s happy.

DBS Bank’s digital exchange assets surge 60% in Q2

DBS eyes bigger investor base as digital assets under custody top US$100 million.

Could Ethereum’s upgrade affect miners’ manipulations for extra profits?

Cryptocurrency miners are front-running Ethereum transactions to make profits called MEV that critics decry as unfair. What can be done about it?

How blockchain can bring litigation finance to small investors

Investing in litigation was once limited to the wealthy. But a lawsuit’s monetary potential can now be tokenized for sale to the masses. Is that a good idea?

Ethereum upgrade closely watched; India launches e-RUPI voucher

Ethereum upgrade closely watched also India launches e-RUPI voucher

Taxing times for crypto. Ethereum hard fork takes knife to fees. Tencent bets on NFTs.

Top blockchain and crypto news: Is Ethereum’s price flatlining on eve of revolution? Uncle Sam wants pay to play. China’s Big Tech toes the line with NFTs.

Canaan grows crypto rig sales as Chinese miners tool up abroad

North America emerges as hardware demand hotspot amid Beijing’s regulatory onslaught against cryptocurrency sector.

Ethereum prices hit resistance as major London Upgrade looms

ETH rose in a historic run in anticipation of ‘Ethereum halving’ — but dipped on the eve of the London hard fork. Forkast.News asks top cryptocurrency analysts to find out why.

Ethereum addresses using DeFi soar 65% to over 2.9M

The Ethereum ecosystem is continuing to see strong growth, with institutional capital ‘flooding’ into decentralized finance and decentralized autonomous organizations flourishing.

United Nations-associated NFT art project builds on Polkadot to fight climate change

The DigitalArt4Climate NFT initiative aims to promote art via blockchain technology to inspire environmental activism around the world.

Hong Kong crypto crime surges; Tencent launches NFT platform

Hong Kong crypto crime surges as Tencent launches NFT platform.

Blockchain applications that will change the world in the next 5 years

The next half decade will see mass adoption of decentralized technology, writes Max Kordek of Lisk. Here are the leading uses.

Will Facebook’s metaverse future transform how we live online?

Facebook CEO Mark Zuckerberg has a vision for metaverses — online worlds that one day will replace big parts of our offline lives. But some say that future is already here.

China maintains crypto market pressure; J-Pop stars offer NFT advice

China maintains crypto market pressure. On the other hand, J-Pop stars offer NFT advice.

Chinese central bank shows no sign of softening stance on crypto

People’s Bank of China vows to keep sector under ‘heavy pressure’ as it pushes digital yuan.

FastForkast headlines

BitMEX pays US$100M to settle AML, KYC compliance breach charges

Cardano ADA surges 20% with smart contracts on the horizon

US Senate passes $1 trillion infrastructure bill with crypto tax requirements

Tencent blockchain applet IOU accused of breaking Chinese competition law

India’s CoinDCX crypto exchange becomes unicorn with US$90M in funding

Ethereum investment product market share rises to 26% amid fund outflows

USDC issuer Circle to become full-reserve digital currency bank

Bitcoin’s price rises above $45K as gold and silver slump

Crypto platform Poloniex agrees to $10M settlement with SEC

Tether unveils reserves and backing for its USDT stablecoin in new report

First SEC DeFi bust made in US$30M fraud case

Cardano’s Alonzo Purple testnet begins onboarding users

China’s central bank to accelerate digital yuan pilots for Winter Olympics

TBCASoft raises $25M from Naver, SoftBank

Cambodian state digital currency sees strong uptake

Binance winds down derivatives trading in Hong Kong

Indian Olympic medalists to get free cryptocurrencies

New York Times article explores underbelly of memecoins

Decentralized music streaming platform Audius reaches 5M users

Venezuela launches CBDC amid runaway inflation and currency redenomination

Bosch starts machine learning trials with Fetch.ai using AI, blockchain

The9 expands to Kazakhstan with new crypto mining joint venture

U.S. infrastructure bill set for possible change following crypto industry backlash

Binance partners with Shopify and others to offer crypto payments online

Rothschild’s RIT Capital leads funding round for Aspen Digital to provide crypto services for institutional investors

Mastercard partners with Australian exchange for crypto card

SEC chair labels crypto industry ‘Wild West,’ asks for more powers

Bitcoin SV suffers a new 51% attack

HSBC blocks UK customer payments to Binance

Marathon Digital to buy more mining rigs from Bitmain

Tencent climbs aboard NFT bandwagon with new trading app

Crypto mining rig maker Canaan names new CFO

Miami prepares launch of city cryptocurrency

Square acquires Afterpay for $29B to expand into ‘buy now pay later’

Singapore poised to grant one of first approvals to crypto exchange Independent Reserve

Crypto crimes surge to record levels in Hong Kong

NFT market OpenSea transaction volume hits record high