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China reveals e-CNY wallet specifications

China’s central bank has unveiled four specifications of digital wallets for the country’s state-issued digital currency, the e-CNY.

Hundreds of Bitcoin mining rigs seized in Malaysia police raids

Four people have been arrested and more than 400 Bitcoin mining machines seized by police in the Malaysian city of George Town.

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.

What is yield farming in DeFi and how does it work?

One of DeFi’s hottest trends, yield farming can bring riches but is not for crypto beginners or those who can’t afford to lose. Forkast.News explains why.

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.

Indian crypto exchange WazirX in probe over US$382M in suspect transactions

India’s Enforcement Directorate has issued a show cause notice to cryptocurrency exchange WazirX for alleged foreign exchange violations involving 27.9 billion rupees (US$382 million).

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.

Foreign crypto exchanges eye India despite regulatory uncertainty

Despite regulatory uncertainty over cryptocurrency trading in India, some of the world’s largest crypto exchanges are looking to enter the market.

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.

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.

Cross-chain NFTs coming with Polkadot’s Unique Network and RMRK

Unique Network, an NFT chain for Polkadot, and NFT protocol RMRK announced today that they are partnering on expanding the functionalities of NFTs across blockchains.

Bitcoin hot in Singapore; China crypto mining bans widen | The Daily Forkast

El Salvador’s adoption of Bitcoin has the world buzzing. Can Singapore be next? China mining crackdown continues.

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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South Korea cracks down on suspicious crypto exchange accounts

South Korea’s main finance sector regulator has launched an investigation of accounts operated by crypto exchanges under false or third-party names.

Singapore central bank says blockchain can boost Asia’s low-carbon future

Ravi Menon, managing director of the Monetary Authority of Singapore, says technologies such as blockchain will help Asian nations to reduce carbon emissions.

Crypto wallet firm Ledger closes US$380M funding round

Paris-based crypto hardware wallet provider Ledger announced today the completion of a US$380 million series-C fundraise.

Saudis lead $30M Series A for China nationwide blockchain network manager

Beijing-based Red Date Technology — the face of China’s ambitious nationwide blockchain service network — receives a big investment boost.

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.

Asian crypto exchange Kikitrade wins funds from UK billionaire Alan Howard

Kikitrade today announced a US$12 million fund raise with investment from British hedge fund billionaire Alan Howard to accelerate its growth.

China’s biggest crypto exchanges blocked from internet searches, social media

Huobi, OKEx and Binance have been blocked by the country’s most popular internet search engines and social media platforms.

Moonstake ties up with Uzbekistan exchange in blockchain push

Staking service provider Moonstake has partnered with UzNEX to provide blockchain consulting services in Southeast Asia and the Middle East.

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.

El Salvador’s Bitcoin experiment. Ethereum’s steady rise. Free money in China.

Top blockchain and crypto news: El Salvador bets on Bitcoin as national currency. ETH gains ground on BTC. Beijing dishes out digital yuan in latest trials.

Iranian president calls for crypto regulation to mitigate risks

Iran wants to “preserve and protect national interests” in the field of digital currencies and cryptocurrencies, Iranian President Hassan Rouhani says.

Cardano to roll out smart-contract tools in new product suite

Cardano is set to provide tools for developers, end users and businesses to execute smart contracts in financial agreements through a new suite of products.

El Salvador’s Bitcoin law wins vote, set to shake up BTC investments everywhere

Now that Salvadoran President Nayib Bukele’s Bitcoin-as-legal-tender bill is almost reality, what will it mean for BTC investors around the world?

Beijing Winter Olympics vendors begin to accept digital yuan

Shijingshan, a site for the upcoming Winter Olympics, has started supporting payments made using the state digital money, known as e-CNY.

Chinese Bitcoin investors among most profitable globally

Bitcoin investors in China saw greater returns in 2020 than almost any other nation — second only to the US.

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.

Hong Kong eyes digital currency as part of new fintech plan

Hong Kong will be initiating a study on a digital Hong Kong dollar as part of its plans to “future proof” the city for central bank digital currencies.

World Economic Forum offers DeFi ‘toolkit’ for policymakers

In collaboration with Wharton business school, WEF releases a toolkit for governments to consider the opportunities and risks of decentralized finance.

Taiwan boy band star Van Ness Wu praises NFTs, prepares for charity selfie sale

California-born singer looks to rekindle relationship with his fans as he pledges to donate the proceeds from his NFT sale to a Taiwan-based NGO.

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.’

Indian crypto exchanges form self-regulatory body

Crypto exchanges in India have partnered with the Internet and Mobile Association of India to form a self-regulatory body.

Bitcoin worth millions recovered from Colonial Pipeline ransomware attack

Millions of dollars worth of Bitcoin paid to ransomware hackers who shut down the main fuel pipeline on the U.S. East Coast last month has been recovered.

Take that, Miami: Hong Kong hosts its own Bitcoin meet-up

As 50,000 Bitcoiners and crypto superstars whoop it up at Miami’s Bitcoin 2021 fest, a smaller group of BTC fans hold their own at the Fringe in Hong Kong.

Crypto exchange Fasset expands to Southeast Asia

Cryptocurrency exchange Fasset has received three licenses from the Labuan Financial Services Authority in Malaysia for business operations in the country.

Bitcoin mining rig maker Canaan to open service center in Kazakhstan

Canaan, one of the largest crypto mining rig makers in the world, is opening its first-ever service center outside China—in Kazakhstan.

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.

Ripple accuses SEC of ‘noncompliance’ in sharing XRP, Bitcoin and Ether communications

Ripple is also asking court to order SEC to reveal the agency’s internal employee policies on trading cryptocurrencies and other digital assets.

CoinShares lists Bitcoin, Ethereum and Litecoin ETPs on Germany’s Börse Xetra

CoinShares has announced that its Bitcoin, Ethereum and Litecoin physically-backed exchange traded products have cross-listed on Germany’s Börse Xetra exchange.

Binance launching NFT platform with ‘100 Creators’ campaign

Binance today announced a “100 creators” campaign featuring creative talents from around the world as part of the launch of its non-fungible token marketplace on June 24.

Smartphone giant Huawei doubles down on blockchain technology

Following blockchain’s mention as a next-wave technology in China’s five-year plan, Huawei unveils applications for government and in-house services.

South Korean crypto exchange executives face ban from own platforms

South Korea’s Financial Services Commission has announced plans to ban executive employees and exchange operators from trading on their own platforms, prompting a chorus of complaints. Fast Facts: The FSC’s Financial Intelligence Unit recently met with officials from cryptocurrency exchanges to explain upcoming amendments to the Act on Reporting and Use of Certain Financial Transaction Information, […]

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.

Weibo blocks crypto accounts as Chinese clampdown continues

Microblog platform Weibo has blocked more than 30 influential Chinese cryptocurrency-related accounts amid a series of actions by Beijing against crypto mining and trading.

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.

How serious is the threat of Bitcoin mining to the environment?

Is Bitcoin’s carbon footprint a growing risk to Earth, or is it a red herring? On this year’s United Nations World Environment Day, crypto mining is a hot topic.

HK’s Bitcoin Meetup ahead of Bitcoin 2021; Banksy work offered for crypto | The Daily Forkast

Hong Kong arranged a Bitcoin gathering ahead of Bitcoin 2021 Conference in Miami as Phillips auction house offers Banksy’s work for crypto.

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 […]

Regulators in Hainan warn of illegal crypto fundraising schemes

Regulators Hainan province have issued a warning against illegal fundraising schemes using crypto or blockchain..

UK watchdog: Crypto firms fall short on anti-money laundering rules

Many of Britain’s crypto firms are failing to meet required anti-money laundering and counter-terrorism financing laws, says the country’s watchdog.

BitFlyer to launch Bitcoin-Japanese yen pair for U.S. traders

BitFlyer announced today that it is launching a Bitcoin-to-Japanese yen pair for currency traders in the U.S.

NFT sales slump amid May crypto crash

The market for non-fungible tokens took a beating in May amid turmoil in the cryptocurrency sector, according to industry data.

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.

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.

Google to lift ban on ads for crypto wallets, exchanges

Google has announced plans to lift a ban on advertising cryptocurrency wallets and exchanges that has been in place for almost three years. A ban on advertising initial coin offerings will remain, however. Fast Facts: An advertising policy update on the company’s main webpage states that advertisers of crypto wallets and exchanges targeting the US […]

Bitcoin mining rig maker Canaan reports huge jump in overseas sales

Chinese Bitcoin mining hardware maker Canaan says overseas sales accounted for almost four-fifths of its revenue during the first quarter of 2021.

‘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.

SpaceChain shoots blockchain to space; Cardano’s bridge to China | The Daily Forkast

SpaceChain shoots blockchain to tech to the International Space Station aboard Falcon 9 as Cardano announces first cross-chain bridge with Nervos.

Is India’s central bank greenlighting crypto? Bitcoin fees fall to new lows. Cardano rolls out Alonzo upgrade for DeFi.

Other top blockchain and crypto news: Thailand’s SEC tries to rein in DeFi via regulation. Will China’s future DCEP digital yuan offer smart contracts?

WazirX launches India’s first NFT marketplace

WazirX launched the country’s first NFT marketplace on Tuesday, featuring artists from India and other South Asian nations.

China to give away digital yuan worth US$6.3M in latest e-CNY test

China is set to hand out 200,000 virtual red envelopes, each containing 200 yuan (US$31.30) of the country’s prototype digital currency, to Beijing residents.

Cryptocurrency behind spike in illegal gambling, Asian racing body says

Illegal gambling in Asia is on the rise, facilitated in part by sites accepting bets in cryptocurrency.

Dogecoin to list on Coinbase Pro

Dogecoin has gained an additional measure of credibility, with crypto exchange Coinbase announcing that it will add DOGE to its professional trading platform.